IPO Review: 25 companies hit Dalal Street in March with two more set to list; a look at the top performers

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In March alone, 25 companies have debuted on Dalal Street, with an additional two slated for listing by the end of the month, bringing the total new listings to 27. ..

Out of the 25 companies that debuted in March 16 are SMEs, indicating a notable influx of smaller enterprises into the market..

Among the top performers in the SME category entered in March, Owais Metal and Mineral Processing leads the pack, currently trading at 407 per share, marking a remarkable 368% increase from its IPO price of 87. ..

In the mainline category, Exicom Tele-Systems tops the list of March's best-performing companies, trading at 214 apiece, 51.1% above its IPO price of 142 per share..

The factors expected to sustain the buoyancy of the IPO market in FY2025 include increased domestic capital, improved governance, thriving Indian entrepreneurship, favourable government policies with FDI support, and diligent institutional investors," Mahavir Lunawat added..

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