February 14, 2024: Performance analysis of newly listed IPOs (Initial Public Offerings)

The Indian IPO market has been quite active in 2024. Several businesses have used initial public offerings to launch. Due to the strong investor demand in these recently listed first public offerings, there were large IPO subscriptions. The media has examined and discussed the IPO Allotment. While some initial public offerings (IPOs) have performed well, others have had difficulty holding onto their listing profits. As of February 14, 2024, this list offers insight into newly listed IPOs, reflecting the prevailing market trends.

1. Jyoti CNC Automation Limited:

A leading producer of automation systems and CNC machines is this firm. For Rs 315 to Rs 331 per share, it began its initial public offerings (IPO) on January 16, 2024. Institutional and individual investors responded well to the IPO, which was oversubscribed by a factor of 12.34. On January 23, 2024, the business made its stock market debut for Rs 433.15 per share, which was 30.86% more than the issue price.

2. Medi Assist Healthcare Services Limited:

On January 23, 2024, Medi Assist Healthcare's initial public offering (IPO) worth up to ₹1,171.58 crores was listed. 28,028,168 equity shares, priced between ₹397 and ₹418 per share, were included in the issuance. 16.25 times as many people subscribed to the IPO as there were investors interested.

3. BLS E-Services Limited:

The book-built IPO of BLS E-Services Limited raised ₹310.91 crores, consisting only of new issuance of 2.3 crore shares. On January 30, 2024, the IPO bidding began, and it concluded on February 1, 2024. 162.47 times as many people subscribed to the IPO, suggesting high investor interest. When the stock was listed at a premium of 128.9% over the IPO price, it had a spectacular launch. The business intends to support organic growth efforts, achieve inorganic expansion through acquisitions, bolster its technological infrastructure, and use the net proceeds from the new issuance for general corporate objectives.

4. EPACK Durable Limited:

The IPO of EPACK Durable Limited was a ₹640.05 crore book-built issue. The offering consisted of 1.04 crore shares for sale, totaling ₹240.05 crores, and a new issuance of 1.74 crore shares, worth ₹400.00 crores. Beginning on January 19, 2024, and ending on January 24, 2024, was the IPO bidding period. On January 30, 2024, the shares were listed on the BSE and NSE. Price range for the IPO was ₹218–₹230 per share. 16.37 times as many people subscribed to the IPO as there were investors interested.

5. Nova AgriTech Limited:

The book-built IPO of ₹143.81 crores was conducted by Nova AgriTech Limited. 2.73 crore shares, totaling ₹112.00 crores, were issued as part of the issuance, while 0.78 crore shares, totaling ₹31.81 crores, were offered for sale. From January 23, 2024, until January 25, 2024, was when the IPO bidding took place. January 31, 2024, saw the listing of the shares on the BSE and NSE. A price range of ₹39 to ₹41 per share was established for the IPO. An indication of the high level of investor interest is the IPO's 109.37 subscriptions.

These are some of the newly listed IPOs and their performance as on Feb 14, 2024. The IPOs have shown a mixed trend, with some delivering impressive returns and others disappointing the investors. The performance of the IPOs depends on various factors, such as the company's fundamentals, the market conditions, the investor sentiment, and the valuation. Therefore, investors should do their research and analysis before investing in any IPO, and not rely solely on the listing gains or losses.