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.
Bu hikaye Business Standard dergisinin March 30, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin March 30, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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