The month of January saw 16 companies already making it to the listing in the stock market for the IPO (Initial Public Offering), another 6 are being claimed to list this month, taking the overall number to 22.
Indian Companies Getting Listed in Dalal Street
Out of these 22, 14 come under the SME category whereas remaining 2 come under mainline category.
Let’s take a dive further into further IPO performances of several companies. Trading at at ₹295.95 apiece- 447% higher than its IPO price of Rs 54, Kay Cee Energy & Infra leads the pack.
Kay Cee Energy & Infra is followed by Maxposure Australian Premium Solar (India) followed by Shri Balaji Valve Components and Akanksha Power and Infrastructure with all of these ranging from 130% to 276% wrt to their respective prices.
On the contrary, Sameera Agro & Infra stock is not doing that well and is selling 35% below of its IPO price of 180 rupees apiece.
Ola Electric, FirstCry Submit Draft to SEBI
Further down the line this year, there are other mainline IPOs that are expected this year to be enlisted. This includes Ola Electric which has already submitted its initial draft papers to SEBI(Securities & Exchange Board of India) for an IPO. Another company which has already done the same is the Omnichannel retailer FirstCry.
Is it speculated that Byju acquide Aakash shall also be launching its IPO by mid-2024. Others in the list include PhonePe, Swiggy who are aiming for IPO in 2024-2025.
In the later half of this year, PayU India shall also preparing for an IPO. This year could also see companies like MobiKwik, Awfis Space Solutions, Unicommerce, Oyo, and PharmEasy coming up with their respective IPOs this year.
