Best IPOs and Worst IPOs - SME & Mainboard - September 2023

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The best performing and worst performing SME & Mainboard IPOs in September 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 - September 2023

No. of Stocks Listed in Profit28 (90.3%)
No. of Stocks Listed in Loss3 (9.7%)
Avg Listing Gains31.1%

In September 2023, 28 stocks opened on listing day in profit and 3 opened in loss, with an average listing gain of 31.07%.

Listing day close Analysis - September 2023

No. of Stocks Closed in Profit27 (87.1%)
No. of Stocks Closed in Loss4 (12.9%)
End of Listing Day Avg Gain34.1%

In September 2023, at listing day close, 27 stocks were profitable and 4 were in loss, with an average EOD gain of 34.05%.

IPO Till Date Analysis - September 2023

No. of Stocks in Profit19 (61.3%)
No. of Stocks in Loss12 (38.7%)
Average returns till date92.8%

Out of all IPOs that listed in September 2023, 19 stocks are in profit and 12 in loss till date, reflecting an overall average gain of 92.78%.

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.
Master Components497.0198.829 Sep 2315.4 Cr₹ 140-5.7x9.6x7.6x140.4140.2+0.3%+255.0%
Yatra Online107.01679.528 Sep 23775.0 Cr₹ 1422.0x0.4x2.1x1.6x127.5135.9-10.2%-24.6%
Cellecor Gadgets31.0689.228 Sep 2350.8 Cr₹ 92-101.2x115.4x108.3x92.096.60.0%+237.0%
Hi-Green Carbon138.9347.228 Sep 2352.8 Cr₹ 7536.6x310.7x257.1x154.9x77.080.8+2.7%+85.3%
Marco Cables & Conductors33.562.628 Sep 2318.7 Cr₹ 36-23.1x33.3x28.2x38.740.6+7.5%-6.9%
Signatureglobal802.311287.227 Sep 23730.0 Cr₹ 38512.7x13.5x6.8x11.9x444.0458.6+15.3%+108.4%
Kody Technolab1359.31921.527 Sep 2327.5 Cr₹ 160-39.2x50.9x45.0x170.0178.5+6.3%+1599.1%
Techknowgreen133.998.927 Sep 2316.7 Cr₹ 86-9.7x15.0x12.4x87.091.3+1.2%+55.8%
Sai Silks Kalamandir88.81361.427 Sep 231201.0 Cr₹ 22212.3x2.5x0.9x4.4x231.0244.9+4.0%-60.0%
Kundan Edifice81.583.826 Sep 2325.2 Cr₹ 91-34.0x41.9x37.9x75.078.8-17.6%-10.4%
Madhusudan Masala225.3363.526 Sep 2323.8 Cr₹ 7046.1x764.7x786.2x412.9x120.0114.0+71.4%+221.9%
Chavda Infra140.8459.625 Sep 2343.3 Cr₹ 6550.5x321.7x268.3x167.4x91.086.5+40.0%+116.5%
Holmarc Opto-Mechatronics110.4111.025 Sep 2311.4 Cr₹ 40-88.7x72.0x80.3x65.368.5+63.1%+176.0%
Zaggle Prepaid Ocean206.12770.622 Sep 23563.4 Cr₹ 16416.7x8.8x5.9x12.6x164.0158.30.0%+25.6%
Samhi Hotels174.73879.622 Sep 231370.1 Cr₹ 1268.8x1.2x1.1x5.3x134.5143.4+6.8%+38.6%
EMS404.42245.721 Sep 23321.2 Cr₹ 211153.0x82.3x29.8x75.3x282.1279.9+33.7%+91.7%
Unihealth Consultancy774.01222.921 Sep 2356.5 Cr₹ 1327.9x50.4x32.7x23.0x135.0133.0+2.3%+486.4%
Meson Valves192.8195.821 Sep 2331.1 Cr₹ 102-137.0x192.6x164.8x193.8203.4+90.0%+89.0%
R R Kabel2759.531211.520 Sep 231964.0 Cr₹ 103552.3x13.2x2.1x18.7x1180.01198.0+14.0%+166.6%
Jupiter Life Line320.210497.118 Sep 23869.1 Cr₹ 735187.3x34.8x7.7x63.7x973.01075.8+32.4%+117.8%
Jiwanram Sheoduttrai5.012.318 Sep 2317.1 Cr₹ 23-66.3x144.0x105.2x30.028.5+30.4%-78.5%
Kahan Packaging63.117.215 Sep 235.8 Cr₹ 80-393.1x986.8x689.9x152.0159.6+90.0%-21.2%
Saroja Pharma28.011.313 Sep 239.1 Cr₹ 84-2.9x14.1x8.5x65.068.3-22.6%-66.7%
Pramara Promotions119.3166.413 Sep 2315.3 Cr₹ 63-32.4x16.3x24.3x111.0116.5+76.2%+89.4%
Rishabh Instruments639.22473.211 Sep 23490.8 Cr₹ 44172.5x31.3x8.4x31.6x460.1443.1+4.3%+44.9%

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.