The 56 companies that went public since Diwali 2022 and collectively raised Rs 47,890 crore from the primary market, the shares of 48 firms are currently trading above their issue price. This suggests that the majority of these companies have seen an increase in their share prices since their initial public offerings (IPOs). However, it’s important to note that stock market performance can be subject to various factors and can fluctuate over time. It is always recommended to conduct thorough research and analysis before making any investment decisions.
Out of the 56 companies that listed since Diwali 2022 and collectively raised Rs 47,890 crore from the primary market, Prime Database indicates that the shares of 48 firms are trading above their issue price. Additionally, seven companies have seen returns of over 100 percent, nine have delivered returns of 50-100 percent, and 26 have fetched returns of 10-49 percent.
The IPO market experienced a slowdown since January 2023 with no significant offerings, but regained momentum after March when the local equity markets accelerated.
