Best IPOs and Worst IPOs - SME & Mainboard - April 2024

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The best performing and worst performing SME & Mainboard IPOs in April 2024. 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 - April 2024

No. of Stocks Listed in Profit25 (92.6%)
No. of Stocks Listed in Loss2 (7.4%)
Avg Listing Gains36.1%

In April 2024, 25 stocks opened on listing day in profit and 2 opened in loss, with an average listing gain of 36.14%.

Listing day close Analysis - April 2024

No. of Stocks Closed in Profit25 (92.6%)
No. of Stocks Closed in Loss2 (7.4%)
End of Listing Day Avg Gain40.2%

In April 2024, at listing day close, 25 stocks were profitable and 2 were in loss, with an average EOD gain of 40.17%.

IPO Till Date Analysis - April 2024

No. of Stocks in Profit11 (40.7%)
No. of Stocks in Loss16 (59.3%)
Average returns till date15.9%

Out of all IPOs that listed in April 2024, 11 stocks are in profit and 16 in loss till date, reflecting an overall average gain of 15.94%.

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.
JNK403.02254.930 Apr 24649.5 Cr₹ 41575.7x23.3x4.1x28.1x621.0694.5+49.6%-2.9%
Varyaa Creations27.012.930 Apr 2420.1 Cr₹ 150-1.1x5.8x3.5x285.0270.8+90.0%-82.0%
Emmforce Autotech182.5374.130 Apr 2453.9 Cr₹ 98160.6x637.7x267.6x338.9x186.2195.5+90.0%+86.2%
Shivam Chemicals100.0169.930 Apr 2420.2 Cr₹ 44-4.2x8.4x6.3x48.047.4+9.1%+127.3%
Faalcon Concepts38.637.626 Apr 2412.1 Cr₹ 62-90.7x44.8x67.8x95.090.3+53.2%-37.7%
Vodafone Idea12.7137920.725 Apr 2418000.0 Cr₹ 1117.6x4.1x0.9x6.4x11.813.1+7.3%+15.7%
Grill Splendour Services88.561.323 Apr 2416.5 Cr₹ 120-4.5x12.1x8.3x121.3127.3+1.1%-26.3%
Ramdevbaba Solvent91.5219.623 Apr 2450.3 Cr₹ 8534.9x416.4x105.8x116.9x112.0117.6+31.8%+7.7%
Greenhitech Ventures40.052.022 Apr 246.3 Cr₹ 50-893.2x566.1x729.7x95.099.8+90.0%-20.0%
DCG Cables & Wires55.6101.016 Apr 2450.0 Cr₹ 100-11.1x20.6x15.8x90.085.5-10.0%-44.4%
Teerth Gopicon20.824.916 Apr 2444.4 Cr₹ 111-92.4x42.1x67.2x125.0131.3+12.6%-81.3%
Bharti Hexacom1538.876940.012 Apr 244275.0 Cr₹ 57048.6x10.5x2.8x29.9x755.0813.3+32.5%+170.0%
Aluwind Architectural49.2122.209 Apr 2429.7 Cr₹ 45-5.1x10.2x7.6x45.047.30.0%+9.3%
Creative Graphics150.0364.309 Apr 2454.4 Cr₹ 8552.5x628.7x192.2x187.8x175.0176.3+105.9%+76.5%
Yash Optics & Lens115.5286.008 Apr 2453.1 Cr₹ 819.5x130.4x43.0x39.4x90.092.7+11.1%+42.6%
Jay Kailash Namkeen46.123.008 Apr 2411.9 Cr₹ 732.3x54.6x51.0x38.0x85.080.8+16.4%-36.9%
K2 Infragen53.867.808 Apr 2440.5 Cr₹ 11912.0x147.1x52.3x46.4x167.0173.3+40.3%-54.8%
TAC Infosec511.11074.505 Apr 2430.0 Cr₹ 10675.1x1022.0x576.3x392.6x290.0304.5+173.6%+864.3%
Radiowalla Network26.618.705 Apr 2414.3 Cr₹ 7646.1x646.3x463.1x282.1x120.2126.2+58.1%-65.1%
Trust Fintech28.467.704 Apr 2463.5 Cr₹ 10134.7x325.1x99.7x101.0x143.3150.4+41.8%-71.9%
SRM Contractors520.71194.703 Apr 24130.2 Cr₹ 21059.6x214.9x47.0x86.6x215.3226.0+2.5%+147.9%
Aspire & Innovative14.822.403 Apr 2422.0 Cr₹ 542.8x34.5x21.8x14.2x56.559.3+4.6%-72.7%
Blue Pebble76.531.203 Apr 2418.1 Cr₹ 16811.5x129.8x77.4x52.3x199.0208.9+18.4%-54.5%
Vruddhi Engineering203.151.203 Apr 244.8 Cr₹ 701.1x28.1x20.1x12.7x71.074.5+1.4%+190.1%
Gconnect Logitech11.84.403 Apr 245.6 Cr₹ 40-40.8x67.9x54.4x42.044.1+5.0%-70.5%

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.