IPO Weekly Wrap & Muted Mainboard IPO For This Week
Lets dive into the Weekly IPO Updates.
Synopsis
Weekly IPO Updates & Muted Mainboard IPO For This Week
November 2023 was a big month for IPOs in India. With ten hitting the market, eight out of them started strong and gave more money back to those who bought shares early. One star player was Tata Technologies; it really wowed investors by showing how much people wanted its stocks.
Even though lots of IPOs made their debut, this week looks different. We won’t see new ones on the main stock listsright now. This quiet time might give investors a chance to think about their next moves or look at what’s already available in the busy stock world.
Impressive Debuts
The equity market witnessed a number of stellar introductions, with companies across diverse sectors making impressive debuts that captured the attention of investment communities.
These initial public offerings (IPOs) highlighted robust investor confidence and showcased strong demand for new equity issues in the financial landscape.
![2023 Top IPO Listing Gains](https://thesundayfinancials.com/wp-content/uploads/2023/12/Screenshot-2023-12-05-at-10.36.12 AM-1024x542.png)
From the above chart, Tata Technologies leads the top list gains in 2023. Tata Technologies, IREDA, Gandhar Oil – all 3 companies got listed in exchanges last week get into the 2023 top lists.
Market Performance
The market has witnessed a range of performances with companies like Tata Technologies making striking debuts, indicating both opportunity and volatility within the IPO landscape; delve deeper to explore how these movements reflect broader market trends.
Tata Technologies 140 percent premium
Tata Technologies made a big splash in the stock market. It was their first time selling shares to the public in 20 years! People were really excited about this company, which is part of the big Tata Group family that does all kinds of business, from salt to computer stuff.
Tata Technologies made a big splash in the stock market. Its shares opened at ₹1,200 each, which was way higher than their issue price of ₹500. This jump meant that the company’s value went up by 140% even before it really started trading on the stock exchange.
Investors who bought into Tata Technologies during its IPO scored big time as the share prices closed even higher, giving them a whopping 165.34% increase over what they paid initially.
This impressive performance shows how much people believe in Tata Technologies and its future. It also signals that tech stocks are hot items for investors right now. Those who put money into this company saw their investment grow fast, making it one of the most successful public offerings lately.
It wasn’t just good news for those with shares; it’s also a sign of strong health in technology investments overall.
Gandhar Oil Refinery’s 75 percent premium
Gandhar Oil Refinery made a big splash in the stock market with its recent IPO. They set their share price between Rs 160 and Rs 169. On the last day people could bid, it was super popular, getting subscribed over 64 times!
Following the remarkable success of Tata Technologies, Gandhar Oil Refinery also made a strong entry into the market. Investors saw Gandhar’s share price soar, starting at ₹295.40 on the BSE and ₹298 on the NSE.
This was way above its issue price of ₹169 per share, resulting in a hefty pre-market gain that delighted shareholders.
The jump in Gandhar Oil’s stock value to a 75 percent premium shows investors’ trust in its potential for growth. The company caught attention not just at launch but even before, with shares showing a grey market premium of 46 percent.
This bullish trend reflects confidence among investing enthusiasts and beginner investors looking toward energy sector opportunities.
IREDA’s 56.25 percent premium
Indian Renewable Energy (IREDA) made a big splash with its initial public offering. This company, owned by the Government of India, aimed to collect Rs 2,150.21 crore in its IPO. Each share cost between ₹30 to ₹32. The excitement for IREDA’s IPO was clear as it was subscribed a whopping 38.8 times!
IREDA, short for Indian Renewable Energy Development Agency, made a strong entry in the stock market. Investors saw big smiles on their faces as IREDA’s shares began trading much higher than expected.
The company’s stocks started at Rs 50 each, which was a huge jump of 56.25% over their offering price of Rs 32.
This grand opening showed how much people believe in IREDA and its future in renewable energy. The premium they paid to own a piece of IREDA hints at lots of confidence in the company’s potential growth and value it can bring to shareholders.
Now let’s look into Fedbank Financial Services and see how it performed in the market.
Fedbank Financial Services’ 1.6 percent discount
While many companies hit the market with strong debuts, Fedbank Financial Services experienced a more subdued start. Shares of Fedbank Financial Services opened at Rs 138 each on the National Stock Exchange.
This was slightly lower than their IPO price of Rs 140, marking a discount of about 1.6 percent.
The company’s entry into the stock market was not as bright as some others in recent times. Investor interest seemed cautious, and the initial trading reflected this mood with its share prices starting off on a quieter note.
Despite this soft launch, it is common for stocks to fluctuate after they go public, and time will tell how Fedbank Financial Services fares in the markets ahead.
Fedbank’s performance may have been modest compared to some heavy hitters, yet it provides an important lesson for investing enthusiasts and beginner investors: not all IPOs soar from day one; some might take time to gain momentum.
Watching how Fedbank adjusts and moves forward could give valuable insights into the nature of investing in new public offerings.
Flair Writing Industries 64.8 percent gains
Flair Writing Industries company wanted to raise Rs 593 crores by selling new shares at Rs 288-304 each.
From modest beginnings to a strong market position, Flair Writing Industries showed investors what success looks like. The company’s shares soared, leaving many in the stock world buzzing about their impressive performance.
On the National Stock Exchange, they opened with gains of 64.8 percent at Rs 501.
Investors saw real value as Flair Writing Industries made its mark on day one. This kind of debut is what many dream of when they think of getting into the stock market – shares kicking off much higher than their issue price and showing that there’s a demand for what the company offers.
It wasn’t just luck; it was a sign that Flair Writing had something special that caught the eye of those ready to invest.
The story doesn’t end here for Flair Writing Industries – this exciting start is just another step in their journey within the marketplace. Shareholders are now watching closely to see how they will use this momentum moving forward, hoping for more growth and good news in future trading sessions.
Successful SME IPOs
In a week marked by impressive launches, several SME IPOs also made their mark on the investing landscape, signaling robust activity in smaller but dynamic sectors of the market – continue reading for an in-depth look at these compelling investment opportunities.
Rockingdeals Circular Economy
Rockingdeals Circular Economy is making waves in the market with its unique business model. They focus on selling items that are excess inventory, open-boxed, or refurbished. This means they take products that stores can’t sell anymore and give them a new life.
The company had an IPO recently where people could start owning a part of Rockingdeals. On the last day of bidding, investors really wanted in – the IPO was subscribed over 213 times! They planned to use this money to grow their business in Northeast.
The shares from this public offering started trading on NSE SME on November 30, 2023. Before this, they decided who gets how many shares on November 28, 2023. Those lucky enough to get some saw their investment start strong at the end of November.
The Stock got listed at ₹300 on the NSE SME platform where the issue price was at ₹140 per share.
Arrowhead Seperation Engineering
Arrowhead Seperation Engineering – On BSE SME, their IPO opened on November 28, 2023, and quickly drew interest from many investors. With an issue price of ₹233 per share, they offered 558,000 equity shares to the public.
Stock got listed with a 7.3% premium over the IPO issue price. Stock opened at ₹250 per share.
Marintrans India
Marintrans India made a big move recently with its IPO in the small and medium-sized business part of the National Stock Exchange. The company, led by Mr. Tiraj Kumar Babu since 2004, knows a lot about shipping goods across the sea.
They had 42 lakh shares up for grabs at Rs.26 each, aiming to raise about Rs 10.92 crores.
IPO got subscribed 3.5 times.
Graphisads
Graphisads entered the market aiming high with its initial public offering (IPO) to gather ₹53.41 crore. This big step was taken on November 30, 2023, when they opened their IPO and allowed people to buy shares until December 5.
They set the share price at ₹111 each, making it easy for many to join in on this business move. Their plan is clear: get listed on the SME segment of the National Stock Exchange on a special day, December 13.
Many folks paid attention to Graphisads because it brought something new to the table—a fixed price issue that stood out in a place filled mostly with changing prices. With all shares being fresh from the vault, investors showed keen interest during those four days of subscription time.
Now let’s turn our eyes to Net Avenue Technologies and see what they’ve been up to.
Net Avenue Technologies
Just as Graphisads grabbed attention in the market, Net Avenue Technologies also made waves with its IPO. Investors showed great interest, subscribing over 54 times by the second day of bidding.
This enthusiastic response points to a strong belief in the company’s potential for growth.
Net Avenue Technologies is stepping into the spotlight on NSE Emerge with an IPO size of Rs 10.26 Crores from November 30th to December 4th, offering shares at Rs. 16 to Rs.18 each.
Their financials look positive too, showing a healthy profit after tax and net margin of nearly 8%. What captures eyes is that they plan to list on December 12th, giving early investors a chance to be part of their journey right from the start.
Deepak Chemtex
Following Net Avenue Technologies, another notable name made waves in the stock market. Deepak Chemtex grabbed investor attention with its IPO, which saw a huge level of interest. The company’s offering was available for subscription from November 29 to December 1, and it quickly became clear that many people wanted a piece of the action.
With an impressive subscription rate of 367 times over what was offered, this IPO stood out as a big event.
Deepak Chemtex set its share price range between Rs 76 and Rs 80. Those who wanted to invest had to buy at least 1,600 shares. This caught the eye of both seasoned investors and those just starting out in investing because such numbers suggest strong confidence in the company’s future performance.
The excitement around Deepak Chemtex continues as everyone looks toward December 11 when it will join BSE SME. Investors have marked their calendars, eager to see how this latest entrant into the small and medium-sized business space fares once trading begins.
AMIC Forging
After Deepak Chemtex made its mark, AMIC Forging stepped into the spotlight. This company makes different metal parts and chose to go public with a big share sale that gathered Rs 34.8 crore.
They opened their IPO on November 29 and wrapped it up on December 1, 2023, aiming to grow in the SME space of the BSE.
Investors showed they were really interested in this IPO. It was all new shares, totaling 27.62 lakh of them being sold. Because so many people wanted to buy these shares, it looks like AMIC Forging has a bright future ahead.
This move by AMIC Forging is part of a bigger trend where small and medium businesses are doing well with IPOs while bigger companies are taking a break for the week. Lots of investors paid attention to this offering which shows they think highly of what AMIC Forging brings to the table.
Moving forward, Swashthik Plascon grabs our attention as we dive into another tale of success on the stock market stage.
Swashthik Plasmon
Moving from the metal industry with AMIC Forging, we now look at Swashthik Plasmon, stepping onto the stage with its own IPO. This company has chosen the NSE Emerge platform to introduce their shares to the public.
They are offering nearly 47.39 lakh shares, aiming to raise Rs 40.76 Cr in total.
Swashthik Plasmon’s IPO is quite a chunk of their business – about 26.98% of it after going public. The doors will open for investors on November 28, 2023, and will close on December 3, 2023.
Those interested can spot how much excitement there is around this offer by looking at its GMP—what people in the grey market are ready to pay over the set price for these new shares.
Conclusion
The IPO market showed a mix of ups and downs this week. Many new companies started trading on the stock market, with some doing really well. Others did not start off as strong. Even with few big IPOs coming next week, there’s still action in smaller company offerings.
Investors should keep an eye out for these opportunities to stay ahead in the game!
FAQs
1. What is an IPO weekly wrap?
An IPO weekly wrap is a summary that tells you about all the new companies like Graphisads Limited that started selling their shares to the public in a week.
2. Why do they say the mainboard IPO is muted this week?
When people say the mainboard IPO is muted, it means not many big companies are starting to sell their shares or there isn’t much excitement around them right now.
3. Can I learn about the stock market and investments from a research analyst?
Yes, a research analyst can teach you about things like equities, securities, and options which are all part of how money works in businesses.
4. What does ASBA mean for someone who wants to buy stocks?
ASBA stands for “Application Supported by Blocked Amount”. It’s a way for you to sign up and pay for new company shares while keeping your money safe until you get those shares.
5. Who helps companies when they want to share their stocks with more people for the first time?
Investment bankers help these companies understand how much to charge per share (valuation) and talk with mutual funds and other investors who might want to buy these shares when they go live.