Best IPOs and Worst IPOs - Mainboard - September 2024

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The best performing and worst performing Mainboard IPOs in September 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 - September 2024

No. of Stocks Listed in Profit12 (92.3%)
No. of Stocks Listed in Loss1 (7.7%)
Avg Listing Gains35.4%

In September 2024, 12 mainboard stocks opened on listing day in profit and 1 opened in loss, with an average listing gain of 35.36%.

Listing day close Analysis - September 2024

No. of Stocks Closed in Profit12 (92.3%)
No. of Stocks Closed in Loss1 (7.7%)
End of Listing Day Avg Gain36.2%

In September 2024, at listing day close, 12 mainboard stocks were profitable and 1 were in loss, with an average EOD gain of 36.21%.

IPO Till Date Analysis - September 2024

No. of Stocks in Profit7 (53.8%)
No. of Stocks in Loss6 (46.2%)
Average returns till date3.4%

Out of all mainboard IPOs that listed in September 2024, 7 stocks are in profit and 6 in loss till date, reflecting an overall average gain of 3.41%.

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.
Manba Finance Ltd.131.8662.030 Sep 24150.8 Cr₹ 120148.6x511.6x144.0x224.1x145.0157.4+20.8%+9.8%
Arkade Developers Ltd.140.02599.724 Sep 24410.0 Cr₹ 128163.2x163.0x51.4x106.8x175.0165.9+36.7%+9.4%
Northern Arc Capital276.34464.524 Sep 24777.0 Cr₹ 263240.8x142.4x31.1x110.9x350.0323.4+33.1%+5.0%
Western Carriers (India) Ltd.88.5901.924 Sep 24492.9 Cr₹ 17228.0x44.7x25.9x30.6x171.0159.4-0.6%-48.6%
P N Gadgil Jewellers Ltd.642.99462.917 Sep 241100.0 Cr₹ 480136.8x56.1x16.6x59.4x830.0793.3+72.9%+33.9%
Kross Ltd.202.81307.916 Sep 24500.0 Cr₹ 24023.3x22.2x10.8x16.8x240.0259.80.0%-15.5%
Tolins Tyres Ltd.102.1403.516 Sep 24230.0 Cr₹ 22625.4x27.4x21.5x23.9x228.0239.4+0.9%-54.8%
Bajaj Housing Finance Ltd.85.871483.116 Sep 246560.0 Cr₹ 70209.4x41.5x7.0x63.6x150.0165.0+114.3%+22.6%
Shree Tirupati Balajee Agro Trading Company Ltd.27.2221.612 Sep 24169.7 Cr₹ 8360.8x102.3x33.0x55.8x90.094.5+8.4%-67.3%
Gala Precision1036.41328.309 Sep 24167.9 Cr₹ 529232.5x414.6x92.0x201.4x721.1757.1+36.3%+95.9%
Baazar Style Retail320.62440.706 Sep 24834.7 Cr₹ 38981.8x59.4x9.1x40.7x389.0400.00.0%-17.6%
Ecos Mobility129.5776.804 Sep 24601.2 Cr₹ 334136.8x71.2x19.8x64.3x390.0443.1+16.8%-61.2%
Premier Energies1047.247537.803 Sep 242830.4 Cr₹ 450216.7x50.0x7.7x74.4x990.0839.9+120.0%+132.7%

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.