The year 2023 witnessed a myriad of Initial Public Offerings (IPOs), with some companies flourishing while others faced significant challenges. Among the latter, certain IPOs stood out for their underwhelming performances, attracting attention for the wrong reasons. In this analysis, we explore the top 10 worst-performing IPOs of 2023, shedding light on the factors that …
New Swan Multitech Limited is engaged in the manufacturing of precision-engineered components and parts mainly for the automotive industry and modern farming, debuted on the Indian stock market today. Upon its debut on the NSE, the stock opened at Rs 125.40 per share, reflecting an 90% premium compared to the final issue price of Rs …
Australian Premium Solar (India) Limited manufactures monocrystalline and polycrystalline solar modules and provides engineering, procurement, and construction services for residential, agricultural, and commercial applications, debuted on the Indian stock market today. Upon its debut on the NSE, the stock opened at Rs 140 per share, reflecting a 159% premium compared to the final issue price …
The initial public offering of Devyani International was subscribed 116.70 times as of 5 PM on 6 August, the final day of its IPO. The IPO received bids for 13,13,79,21,555 shares against an issue size of 112,569,719 equity shares. In contrast, this IPO was subscribed only 3.06 times and 6.61 times on day 1 and day …
Krsnaa Diagnostics’ initial public offering opened for subscription from 4 August to 6 August 2021. In the three days, the company’s IPO was subscribed 64.40 times, with bids for a total of 458,008,245 shares. Per its DRHP, Krsnaa Diagnostics was supposed to raise Rs. 1200 crores through this public offer, comprising new issues worth Rs. …
LIC (Life Insurance Corporation of India) has filed its DRHP or Draft Red Herring Prospectus with SEBI, giving way to the largest IPO of India. Don’t you think LIC has the potential of becoming the most prized company after its public listing ─ overturning Reliance Industries Ltd? Well, keep scrolling to get the details! Get …
Aether Industries Limited, a specialty chemicals firm, has raised an additional Rs 130 crore in pre-IPO capital from White Oak Capital, SBI Mutual Funds, IIFL, and Public Sector Pension Investments. The Surat-based firm earlier secured Rs 100 crore in a pre-IPO placement from IIFL Group and White Oak Capital in November 2021. On December 28, …
On Saturday, 26 February 2022, the UNION Cabinet passed an amendment to the Foreign Direct Investment (FDI) policy to clear up to 20% FDI in the Life Insurance Corporation(LIC) under automatic route. This came before its much-awaited IPO (initial public offering), which is expected to be the greatest in the nation’s market so far. Keep …
The IPO craze was on the next level in the year 2023. Many IPOs came throughout the year, both on the Main Board and the SME Board. Many investors made a tremendous amount of money on the listing day itself, while some IPOs listed flat or at a discount, disappointing many investors. Several IPOs registered …
Jyoti CNC Automation Limited is a manufacturer and supplier of a diverse range of CNC machines, debuted on the Indian stock market today. Upon its debut on the NSE, the stock opened at Rs 370 per share, reflecting an 11.78% premium compared to the final issue price of Rs 331 per share. Meanwhile, the stock …
