Best IPOs and Worst IPOs - SME - November 2023

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The best performing and worst performing SME IPOs in November 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 - November 2023

No. of Stocks Listed in Profit13 (86.7%)
No. of Stocks Listed in Loss2 (13.3%)
Avg Listing Gains40.0%

In November 2023, 13 SME stocks opened on listing day in profit and 2 opened in loss, with an average listing gain of 39.98%.

Listing day close Analysis - November 2023

No. of Stocks Closed in Profit10 (66.7%)
No. of Stocks Closed in Loss5 (33.3%)
End of Listing Day Avg Gain38.5%

In November 2023, at listing day close, 10 SME stocks were profitable and 5 were in loss, with an average EOD gain of 38.51%.

IPO Till Date Analysis - November 2023

No. of Stocks in Profit5 (33.3%)
No. of Stocks in Loss10 (66.7%)
Average returns till date1.6%

Out of all SME IPOs that listed in November 2023, 5 stocks are in profit and 10 in loss till date, reflecting an overall average gain of 1.57%.

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.
Rockingdeals Circular175.9122.830 Nov 2321.0 Cr₹ 14017.7x438.7x195.2x143.0x300.0315.0+114.3%+25.7%
Arrowhead Seperation71.013.328 Nov 2313.0 Cr₹ 233-44.9x134.6x89.8x250.0237.5+7.3%-69.5%
Sunrest Lifescience40.534.820 Nov 2310.8 Cr₹ 84-27.8x62.4x45.1x84.079.80.0%-51.8%
Kalyani Cast-Tech766.0550.017 Nov 2330.1 Cr₹ 13966.3x188.6x190.9x162.4x264.1277.3+90.0%+451.0%
ROX Hi-Tech48.4111.016 Nov 2354.5 Cr₹ 8344.8x440.4x256.3x178.2x135.0141.8+62.6%-41.7%
Baba Food Processing25.040.815 Nov 2333.0 Cr₹ 76135.9x34.0x137.4x66.0x76.072.20.0%-67.1%
Micropro Software18.126.010 Nov 2330.7 Cr₹ 81-21.6x46.6x34.1x80.076.0-1.2%-77.6%
Maitreya Medicare124.384.207 Nov 2314.9 Cr₹ 8242.6x1021.4x673.1x410.1x162.6154.4+98.2%+51.6%
Mish Designs33.410.307 Nov 239.8 Cr₹ 122-94.2x150.5x122.3x160.0152.0+31.1%-72.7%
KK Shah Hospitals40.027.206 Nov 238.8 Cr₹ 45-16.9x8.9x12.9x56.158.9+24.7%-11.1%
Transteel Seating113.0267.406 Nov 2350.0 Cr₹ 704.6x111.5x35.9x31.6x88.993.3+27.0%+61.4%
Vrundavan Plantation37.823.406 Nov 2315.3 Cr₹ 108-11.1x24.2x17.7x107.0101.7-0.9%-65.0%
Paragon Fine & Speciality49.997.603 Nov 2351.7 Cr₹ 10043.2x557.0x245.9x191.3x225.0213.8+125.0%-50.1%
Shanthala FMCG17.611.803 Nov 2316.1 Cr₹ 91-4.6x2.9x3.8x108.0103.5+18.7%-80.7%
On Door Concepts252.0176.401 Nov 2331.2 Cr₹ 208-3.1x7.4x5.3x214.0203.4+2.9%+21.1%

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.