Eighty per cent, or 60 of the 75 companies that made their debut on the mainboard this financial year, ended their listing day with gains.
The average first-day gains stood at 28 per cent. Meanwhile, over 70 per cent, or 55 stocks, are still trading above their issue price.
Also, the shares of over 12 companies that listed following an IPO have more than doubled. If one includes the issues of small and medium enterprises (SMEs), the current market price of 70 companies is at least double that of their issue price.
Some of the standout performers on the mainboard were state-owned Indian Renewable Energy Development Agency (Ireda), which has risen 4.2 times; Signature Global, which has gained 3.5 times; Netweb Technologies, up 3.2 times; and Motisons Jewellers, which rose close to three times.
Esta historia es de la edición March 30, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 30, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Climate change to put APAC GDP on thin ice with 41% melt by 2100
India alone could face 24.7% loss in GDP by 2070
More intelligence features will be available in Dec, confirms Apple
Apple will add the option to enable access to OpenAI's ChatGPT from within Writing Tools and Siri.
Centre readies plan to tackle zoonotic disease outbreaks
With outbreaks of zoonotic diseases, such as swine flu, Nipah virus, and bird flu, becoming more frequent and increasingly threatening human health, the Union government has prepared a crisis management plan (CMP) on animal health.
Rishabh Pant released by DC, SRH keeps Klaasen with highest-retaining amount
Flamboyant keeper-batter Rishabh Pant's nine-year association with Delhi Capitals officially ended on Thursday while South African Heinrich Klaasen, with ₹23 crore valuation, pipped none other than peerless Virat Kohli (₹21 crore) to emerge as the top-most retention for the upcoming IPL season.
Weak consumption hits Q2 ad revenue of media firms
A slowdown in the consumption economy has cast a shadow over traditional advertising revenue of media companies during the second quarter of financial year 2025 (Q2FY25), even as revenue from digital advertising continued to grow.
Musk's SpaceX now gets into the spy game
Pentagon needs what the firm offers to compete with China even as it frets over its potential for dominance, billionaire's global interests
Delhi's air quality 'very poor' on Diwali
Delhi's air quality continued to deteriorate, remaining in the \"very poor\" category on Diwali, with levels expected to worsen to the \"severe\" category due to bursting of firecrackers at night.
Climate may keep changing long after humanity hits net-zero emissions
The world is striving to reach net-zero emissions as we try to ward off dangerous global warming. But will getting to net-zero actually avert climate instability, as many assume?
Anatomy of trade union: Collective bargaining realising strength
Over a century after India's first trade union Madras Labour Union was formed in Chennai by B P Wadia in 1918, the recent month-long strike by nearly 1,400 workers at a Samsung Electronics manufacturing unit near Chennai has put the spotlight back on labour unions in India.
Sensex, Nifty fall for second day on selling in IT shares, FII pullout
DOWNTURN Sensex intraday