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

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

No. of Stocks Listed in Profit25 (86.2%)
No. of Stocks Listed in Loss4 (13.8%)
Avg Listing Gains58.8%

In February 2024, 25 stocks opened on listing day in profit and 4 opened in loss, with an average listing gain of 58.77%.

Listing day close Analysis - February 2024

No. of Stocks Closed in Profit24 (82.8%)
No. of Stocks Closed in Loss5 (17.2%)
End of Listing Day Avg Gain62.8%

In February 2024, at listing day close, 24 stocks were profitable and 5 were in loss, with an average EOD gain of 62.76%.

IPO Till Date Analysis - February 2024

No. of Stocks in Profit13 (44.8%)
No. of Stocks in Loss16 (55.2%)
Average returns till date30.0%

Out of all IPOs that listed in February 2024, 13 stocks are in profit and 16 in loss till date, reflecting an overall average gain of 29.98%.

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.
GPT Healthcare159.41308.329 Feb 24525.1 Cr₹ 18617.3x11.0x2.4x8.5x215.0200.7+15.6%-14.3%
Juniper Hotels194.84335.528 Feb 241800.0 Cr₹ 3603.0x0.8x1.3x2.1x365.0401.5+1.4%-45.9%
Zenith Drugs42.072.027 Feb 2440.7 Cr₹ 7935.6x309.0x116.2x104.8x110.0105.2+39.2%-46.8%
Deem Roll-Tech46.638.927 Feb 2429.3 Cr₹ 129-296.4x171.4x233.9x200.0209.7+55.0%-63.9%
Kalahridhaan Trendz9.015.523 Feb 2422.5 Cr₹ 45-6.5x9.8x8.2x47.149.5+4.8%-80.0%
Thaai Casting118.8289.323 Feb 2447.2 Cr₹ 7776.0x960.4x467.9x345.9x185.9195.2+141.4%+54.4%
Interiors & More166.0232.223 Feb 2442.0 Cr₹ 2271.9x40.8x10.5x10.8x270.0283.5+18.9%+46.3%
Esconet Technologies137.8180.423 Feb 2428.2 Cr₹ 8482.6x1151.4x734.8x471.2x290.0275.5+245.2%+64.0%
Atmastco149.6391.223 Feb 2456.3 Cr₹ 77-14.4x18.4x16.4x91.095.5+18.2%+94.2%
Vibhor Steel Tubes107.0202.920 Feb 2472.2 Cr₹ 151178.7x721.3x188.2x298.9x425.0446.3+181.5%-29.1%
Wise Travel114.7273.119 Feb 2494.7 Cr₹ 14754.6x481.4x139.1x148.2x195.0204.8+32.6%-22.0%
Entero Healthcare1242.75408.616 Feb 241600.0 Cr₹ 12582.3x0.2x1.3x1.5x1228.71149.5-2.3%-1.2%
Polysil Irrigation75.0198.816 Feb 2417.4 Cr₹ 54-2.1x11.0x6.6x56.054.3+3.7%+38.9%
Alpex Solar804.01967.515 Feb 2474.5 Cr₹ 11575.2x668.1x467.6x301.4x329.0345.4+186.1%+599.1%
Rudra Gas Enterprise67.756.415 Feb 2414.2 Cr₹ 63-281.9x383.5x332.7x119.7125.7+90.0%+7.4%
Rashi Peripherals894.65941.014 Feb 24600.0 Cr₹ 311143.7x62.8x10.4x59.7x339.5321.5+9.2%+187.7%
Jana Small Finance549.45808.014 Feb 24570.0 Cr₹ 41438.8x25.1x5.5x18.5x396.0368.1-4.3%+32.7%
Capital Small Finance296.21346.714 Feb 24523.1 Cr₹ 4686.6x4.0x2.5x4.0x430.3435.0-8.1%-36.7%
Apeejay Surrendra119.92558.812 Feb 24920.0 Cr₹ 15575.1x52.4x30.4x59.7x186.0203.6+20.0%-22.6%
Italian Edibles31.846.912 Feb 2426.7 Cr₹ 68-168.4x114.5x141.4x55.057.8-19.1%-53.3%
Gabriel Pet Straps85.564.007 Feb 248.1 Cr₹ 101-349.0x116.1x232.6x115.0120.8+13.9%-15.3%
BLS E-Services310.62821.506 Feb 24310.9 Cr₹ 135123.3x300.1x237.0x162.5x305.0366.0+125.9%+130.0%
Baweja Studios26.148.006 Feb 2497.2 Cr₹ 1800.2x3.6x5.4x2.5x183.0173.8+1.7%-85.5%
Megatherm Induction208.2392.305 Feb 2453.9 Cr₹ 10855.8x408.5x266.3x182.4x198.0207.9+83.3%+92.8%
Mayank Cattle Food216.1116.705 Feb 2419.4 Cr₹ 108-5.7x11.2x8.4x116.0120.0+7.4%+100.0%

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.