Best IPOs and Worst IPOs - SME & Mainboard - 2023

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The best performing and worst performing SME & Mainboard IPOs in 2023. This IPO screener table also looks at the subscription status, current gains, listing gains, and issue size.

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Listing day open Analysis - 2023

No. of Stocks Listed in Profit214 (90.3%)
No. of Stocks Listed in Loss23 (9.7%)
Avg Listing Gains32.1%

In 2023, 214 stocks opened on listing day in profit and 23 opened in loss, with an average listing gain of 32.08%.

Listing day close Analysis - 2023

No. of Stocks Closed in Profit199 (84.0%)
No. of Stocks Closed in Loss38 (16.0%)
End of Listing Day Avg Gain34.3%

In 2023, at listing day close, 199 stocks were profitable and 38 were in loss, with an average EOD gain of 34.30%.

IPO Till Date Analysis - 2023

No. of Stocks in Profit131 (55.3%)
No. of Stocks in Loss106 (44.7%)
Average returns till date98.0%

Out of all IPOs that listed in 2023, 131 stocks are in profit and 106 in loss till date, reflecting an overall average gain of 98.04%.

Search in Table
IPO screener results: company, price, market cap, listing date, issue details, subscription figures and listing gains. Column headers are buttons that sort the table.
Innova Captab944.55404.929 Dec 23570.0 Cr₹ 448116.7x65.0x17.1x55.3x452.1541.4+0.9%+110.8%
Trident Techlabs121.9210.729 Dec 2316.0 Cr₹ 3541.4x825.8x1023.1x502.6x98.2103.0+180.4%+248.3%
Indifra11.98.729 Dec 2314.0 Cr₹ 65-2.3x11.5x6.9x72.068.4+10.8%-81.6%
Supreme Power Equipment205.1512.629 Dec 2346.7 Cr₹ 65-159.3x161.2x160.3x98.0102.9+50.8%+215.5%
Azad Engineering2489.016074.428 Dec 23740.0 Cr₹ 524179.7x87.6x23.8x80.7x720.0677.5+37.4%+375.0%
RBZ Jewellers150.9603.627 Dec 23100.0 Cr₹ 10013.4x9.3x24.7x16.9x100.0105.00.0%+50.9%
Credo Brands86.0562.527 Dec 23549.8 Cr₹ 280105.0x55.5x19.9x51.9x282.4312.2+0.8%-69.3%
Happy Forgings1906.217990.527 Dec 231008.6 Cr₹ 850220.5x62.2x15.1x82.0x1000.01030.8+17.6%+124.3%
Electro Force21.349.727 Dec 2380.7 Cr₹ 93-2.1x6.1x4.1x100.0105.0+7.5%-77.2%
Shanti Spintex36.060.827 Dec 2331.3 Cr₹ 7014.3x42.6x22.0x25.5x76.079.8+8.6%-48.6%
Motisons Jewellers14.01374.326 Dec 23151.1 Cr₹ 55157.4x233.9x122.3x159.6x109.0103.5+98.2%+153.8%
Muthoot Microfin214.03648.926 Dec 23960.0 Cr₹ 29117.5x13.2x7.6x11.5x275.3266.1-5.4%-26.4%
Suraj Estate201.6963.226 Dec 23400.0 Cr₹ 36024.3x18.9x9.3x15.7x340.0334.5-5.6%-44.0%
Sahara Maritime23.07.126 Dec 236.9 Cr₹ 81-8.6x34.5x21.6x81.081.20.0%-71.6%
Shree OSFM E-Mobility60.092.421 Dec 2324.6 Cr₹ 65-6.6x8.8x7.7x65.068.30.0%-7.7%
Inox1954.717741.521 Dec 231459.3 Cr₹ 660147.8x53.2x15.3x61.3x949.6940.0+43.9%+196.2%
Benchmark Computer38.026.121 Dec 2312.2 Cr₹ 66-179.9x279.5x229.7x80.077.1+21.2%-42.5%
Siyaram Recycling39.485.721 Dec 2323.0 Cr₹ 4696.4x441.6x459.1x358.1x55.057.8+19.6%-14.5%
India Shelter Finance691.97531.620 Dec 231200.0 Cr₹ 49389.7x28.5x9.9x36.7x620.0544.7+25.8%+40.3%
DOMS Industries2260.613719.220 Dec 231200.0 Cr₹ 790116.0x66.5x69.7x93.5x1400.01326.0+77.2%+186.2%
S J Logistics316.7484.319 Dec 2348.0 Cr₹ 12561.7x651.2x473.1x294.1x175.0183.8+40.0%+153.4%
Presstonic Engg34.452.418 Dec 2323.3 Cr₹ 72-127.0x179.3x153.2x140.0147.0+94.4%-52.3%
Accent Microcell543.91304.815 Dec 2378.4 Cr₹ 14063.0x766.7x544.7x337.1x300.0315.0+114.3%+288.5%
Graphisads28.552.113 Dec 2353.4 Cr₹ 111-2.0x5.3x3.6x111.5106.0+0.5%-74.3%
Sheetal Universal335.4384.211 Dec 2323.8 Cr₹ 70-201.9x123.2x162.5x75.075.4+7.1%+379.1%

FAQ

An initial public offering (IPO) is a procedure by which private companies sell their shares to public investors through a book-building process. Investors will bid to buy shares within a price band, and based on the highest number of bids received at a particular price, the issue price will be determined.

QIBs are the registered institutional investors that directly apply in the Qualified Institutional Bidders category.

HNIs are investors who apply for shares in an IPO worth above Rs 2 lakh and come under non individual investor (or HNI) category.

Retail investors are individuals who apply for shares less than Rs 2 lakh in an IPO.

Investors should have a demat account with their broker. If you have a demat account, you can look for the IPO section in your demat account and select the company in which you want to invest in. Based on the amount you bid for, you will be classified either as a retail or HNI investor. Remember, the value of the shares for which you have placed bids in an IPO will be blocked from your account till the allotment of shares is completed. If you are allotted shares in the IPO, then any balance amount will be unblocked or credited into your account.

The IPO allotment process depends on the category of investors:

  1. Retail Individual Investor (RII) Category Retail investors can bid for shares up to ₹2,00,000. Shares are allotted through a lottery system if the IPO is oversubscribed in this category. Each eligible applicant has an equal chance of receiving at least one lot, regardless of when the application was submitted, provided the application is valid.
  2. High Net-Worth Individual (HNI) Investors who bid for shares worth more than ₹2,00,000 fall under this category. Allotment in the HNI category is done on a proportionate basis, i.e., in proportion to the amount of the bid. For example, if you apply for 1% of the total shares available in this category, you will receive 1% of the shares allotted to HNIs.

General Notes:

  • Oversubscription: If an IPO is heavily oversubscribed, the chances of allotment in the RII category decrease, and it is purely based on a random lottery.
  • Application Modes: Investors can apply through ASBA (Applications Supported by Blocked Amount) via their banks or through online platforms provided by brokers.