2023 IPO Peformance

Dalal Street's December has been ablaze with IPOs! Every day, new companies have been diving into the stock market pool, making it a whirlwind month. But not all these offerings have had a smooth ride - while some IPOs have soared high, others have stumbled or even fallen flat. So, let's take a closer look at how these IPOs from the past have weathered the market storm over time.

First off, a peek at the Nifty's performance: around 230 IPOs are expected by year-end out of 246 trading days. 

That's a substantial influx of IPOs within a single calendar year!

Delving deeper into the primary market, there were 105 IPOs listed on the BSE, out of which 48 were from the main boards. 

Here's the good news: 90 IPOs have managed to hold their heads above water concerning their issue prices.

Now, let's zoom in on the IPO landscape in 2023: among the offerings, only 22 had initially kicked off with a discounted price. But what's interesting is that seven among these initially listed at a loss, only to turn things around and climb above their issue price post-listing. This indicates that Indian IPOs scored an impressive 79 percent success rate in terms of gaining from the listing process in 2023.

2023- IPOs

Focusing on the main board IPOs listed on both BSE and NSE, it's noteworthy that just three out of the 48 are currently trading below their respective issue prices.
Now, let's move to the thrilling part - highlighting the star performers among the year's IPOs:

Tata Technologies: The Tata Group's IPO marked a monumental return after two decades. The subscription phase, from November 22 to 24, saw an overwhelming response, oversubscribed by 69.43 times. When it was finally listed on November 30, Tata Technologies made an impressive entry, trading at ₹1,200 on the NSE and ₹1,199 on the BSE. This marked a staggering 140 percent premium over its initial price range of ₹475 to ₹500 per share.

Indian Renewable Energy Development Agency (IREDA): IREDA's market debut on November 29 was exceptional, closing its first day with an 87.5 percent premium against the issue price of ₹32.IREDA shares are presently trading at ₹111.0 on the BSE. Initially offered at ₹30-32 per equity share, they were listed on the BSE and NSE at ₹50 each, granting investors a substantial 56 percent listing gain. Had an investor held onto these shares until now, the investment's value would have increased by 3.40 times. In essence, this translates to a remarkable 240 percent return for those who retained their investment in IREDA shares.

Netweb Technologies India: The Delhi-based computing solutions provider entered the market at an 89.4 percent premium over its issue price, with shares listed at ₹942.5 on the BSE, significantly higher than the issue price of ₹500.

Senco Gold: Listed on July 14, Senco Gold Ltd showcased a significant increase, with shares listed at ₹430 per share on the NSE, marking a 35.6 percent surge from the IPO price of ₹317.

JSW Infrastructure: Making its market debut on October 3, JSW Infrastructure stocks ended the day with a premium of over 32 percent against the issue price of ₹119. Starting at ₹143 on the BSE, it closed at ₹157.30, signaling a strong entry into the market.

Blue Jet Healthcare: This pharmaceutical ingredient maker had a robust IPO, closing its first day with a premium of over 19 percent against the issue price of ₹346.
Honasa Consumer Care (Mamaearth): Mamaearth's parent company, Honasa Consumer Ltd, closed its debut with a 4 percent gain on November 7 against the issue price of ₹324.

Flair Writing: The pen manufacturer Flair Writing Industries saw an impressive debut, closing at a nearly 49 percent premium against the issue price of ₹304.
Yatra Online: Despite ending its first day with more than a 4 percent discount against the issue price of ₹142, Yatra Online initiated its market journey at ₹130 on September 28.

Cello World: Starting with a premium of over 28 percent against the issue price of ₹648, Cello World Ltd began trading at ₹831.

Each of these IPOs exhibited unique market dynamics, investor sentiments, and performances, portraying the diverse landscape of opportunities within the IPO segment throughout the year.