New Delhi: Stock market enthusiast keeps a keen eye on the latest Initial Public Offerings (IPOs) as they always see handsome earning potential in them. IPOs are ways to get investors hooked on the company’s growth journey. Additionally, public offerings appeal to most investors as they have a perception that the share price offered in a public offering is relatively low compared to the high returns, which they hope to attain in case the company sees profits.
Indian stock market in 2023 has welcomed more than 50 public issues so far. With the abundance of Public issues in the Indian bourses, investors were left with disappointment with some of the public issues, while many of them turned out to be a huge success.
Most profitable IPO of 2023
Netweb Technologies India Ltd
A high-end computing solutions providing company is among a few Original Equipment Manufacturers (OEMs) in India. The company’s IPO was listed on July 27 with a share price of Rs 500 and gained 82.1 per cent gain in its listing with Rs 910. The IT firm currently is at gains with 71.3 per cent
Utkarsh Small Finance Bank Ltd
With a client base of over 8,000 customers, Utkarsh Small Finance Bank (USFB) focuses on providing affordable banking services such as loans, accounts, deposits and investments across India.
USFB entered the Indian stock market on July 21, offering a price of Rs 25 per share. The public issue saw a gain in its listing by 92 per cent with Rs 48. The shares of the Varansai headquartered bank at present have given a profit of 99.4 per cent since its listing
Stocks that were non-success
Service Care Ltd
Established in 2011, “Service Care Limited” offers services such as Workspace Administration Services and Workforce Administration Services across all business platforms. The company issued its IPO on July 14, 2023, at a price range of Rs 67. Its listing price stood at Rs 70 with a listing gain of 0.8 per cent and is currently facing a loss of 13.6 per cent.
Sypnotics Technologies Ltd
The company started in 2008 and specialises in a comprehensive range of managed IT services and solutions. Sypnotics Technologies’ public issue opened on July 13 with a price band of Rs 237. However, the IPO faced a 4.6 per cent loss in listing price and currently stands at 29.8 per cent of loss.
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