Through December 22, the BSE SME IPO index increased by 87.44 percent this year. This is a substantial amount greater than the BSE IPO index, which increased by 41.67 percent, and the BSE Sensex, which increased by 16.25 percent, the primary market indicator.
Even while India’s secondary markets reached unprecedented heights in 2023, the primary markets—particularly SME IPOs—saw even more enthusiasm. Through December 22, the BSE SME IPO index increased by 87.44 percent this year.
This is a substantial increase over the BSE IPO index, which increased by 41.67 percent, and the BSE Sensex, which increased by 16.25 percent, the primary market indicator. At the end of their first trading day, these five SME initial public offerings (IPOs) had the largest listing gains over the issue price.
Goyal Salt recorded the most listing day gains for 2023 on October 11, when the stock debuted at a hefty premium of 258.2 percent. On the day of listing, the stock closed at Rs 136.1, compared to the issue price of Rs 38. On December 22, the stock of Goyal Salt closed at Rs 153, indicating a 302.6 percent return from the issue price.
The Rajasthani salt refining company’s Rs 18.63 crore initial public offering (IPO) received 294.61 subscriptions.
Sungarner Energies, which produces EV and solar products, saw a remarkable 216.1 percent listing day increase. The shares finished at Rs 262.35, as opposed to Rs 83, the issue price, on August 31. Even if the stock has since softened, it has still returned 142.16 percent from the issue price year to far, closing at Rs 201 on December 22. An IPO worth Rs 5.3 crore by a power solutions firm saw 138 subscriptions.
Basilic Fly Studio, The firm that produced movies including Spiderman: No Way Home, Avengers Endgame, and Top Gun Maverick also had a successful initial public offering. On September 11, Basilic stock went public at a premium of 193.35 percent, or Rs 284.6, as compared to the issue price of Rs 97. Since then, the stock has increased to Rs 301.95, resulting in returns of 211.28 percent. There were 286.61 subscriptions for the Rs 66.3-crore IPO. This Stock was in the list Top 5 Best SME IPOs of 2023.
And last, Anlon Technology Solutions made this list. The stock recorded a 163.7 percent listing day gain on January 10, when it closed at Rs 263.7, as opposed to its issue price of Rs 100. As of December 22, when it closed at Rs 237, the stock had returned 137% for the year. It’s interesting to note that the IPO was completed on January 2, 2023, after opening for subscriptions on December 29, 2022. It received around 400 subscriptions and raised Rs 15 crore.
These are the 5 Best SME IPOs OF 2023 which gave highest Listing gains in the stock market and Peoples have gained profits.
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