Best IPOs and Worst IPOs - Mainboard - 2023

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The best performing and worst performing 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 Profit53 (88.3%)
No. of Stocks Listed in Loss7 (11.7%)
Avg Listing Gains25.9%

In 2023, 53 mainboard stocks opened on listing day in profit and 7 opened in loss, with an average listing gain of 25.87%.

Listing day close Analysis - 2023

No. of Stocks Closed in Profit52 (86.7%)
No. of Stocks Closed in Loss8 (13.3%)
End of Listing Day Avg Gain28.0%

In 2023, at listing day close, 52 mainboard stocks were profitable and 8 were in loss, with an average EOD gain of 28.02%.

IPO Till Date Analysis - 2023

No. of Stocks in Profit36 (60.0%)
No. of Stocks in Loss24 (40.0%)
Average returns till date63.6%

Out of all mainboard IPOs that listed in 2023, 36 stocks are in profit and 24 in loss till date, reflecting an overall average gain of 63.58%.

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%
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%
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%
Inox1954.717741.521 Dec 231459.3 Cr₹ 660147.8x53.2x15.3x61.3x949.6940.0+43.9%+196.2%
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%
Flair Writing252.42660.201 Dec 23593.0 Cr₹ 304115.6x33.4x13.0x46.7x501.0450.9+64.8%-17.0%
Gandhar Oil Refinery242.72375.630 Nov 23500.7 Cr₹ 169129.0x62.2x28.9x64.1x298.0301.4+76.3%+43.6%
Tata Technologies872.835440.230 Nov 233042.5 Cr₹ 500203.4x62.1x16.5x69.4x1200.01313.0+140.0%+74.6%
Fedbank Financial149.65609.030 Nov 231092.3 Cr₹ 1403.5x1.4x1.8x2.2x138.0140.3-1.4%+6.8%
Indian Renewable119.833654.629 Nov 232150.2 Cr₹ 32104.6x24.2x7.7x38.8x50.060.0+56.3%+274.4%
ASK Automotive635.012517.615 Nov 23833.9 Cr₹ 282142.4x35.5x5.7x51.1x303.3310.1+7.5%+125.2%
Protean eGov Tech566.02299.013 Nov 23490.3 Cr₹ 79246.9x31.6x8.9x23.9x792.0883.00.0%-28.5%
ESAF Small Finance40.32078.010 Nov 23463.0 Cr₹ 60173.5x84.4x17.0x73.2x71.069.0+18.3%-32.9%
Honasa Consumer477.615570.907 Nov 231701.4 Cr₹ 32411.5x4.0x1.4x7.6x330.0337.1+1.9%+47.4%
Cello World373.18242.306 Nov 231900.0 Cr₹ 648108.6x24.4x3.1x38.9x829.0791.7+27.9%-42.4%
Blue Jet Healthcare593.910302.101 Nov 23840.3 Cr₹ 34613.7x13.6x2.2x8.0x380.0413.3+9.8%+71.7%
IRM Energy294.31208.226 Oct 23545.4 Cr₹ 50544.7x48.3x9.3x27.1x477.3473.1-5.5%-41.7%
Plaza Wires47.8209.112 Oct 2371.3 Cr₹ 5442.8x388.1x374.8x161.0x76.080.2+40.7%-11.5%
Valiant Laboratories64.6350.806 Oct 23152.5 Cr₹ 14020.8x73.6x16.1x29.8x162.2170.3+15.8%-53.9%

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.