Share Market: There are a bunch of big IPO names this week. Big companies like Tata Technologies, IREDEA, Flair Writing Industries are coming to Indian stock market. Statistics say that these 6 stocks came to the Indian stock market in October-November 2022. Which has given multi-bagger returns till date.
1. Bikaji Foods International Limited
The company’s shares were listed on the market on November 16, 2022. At that time, each share was listed at Rs 321.15 in the market. The stock has returned more than 70 percent over the current market price. The stock is currently trading at Rs 547.25. The stock settled down less than 1 percent at Rs 317.45 on the day of listing.
2 Kaynes Technology India
The stock has gained over 221 percent since it was listed at Rs 775. The stock is up more than 324 percent from its issue price. Shares of Kaynes Technologies are currently trading at Rs 2,490 each. The company went public on November 22, 2022, opening at a premium of around 32 per cent over the issue price of Rs 587 on the BSE. Later it closed the first day at Rs 690 with a gain of 17.5 percent
3. Electronics Mart India Limited
Electronics Mart India Ltd made a strong debut on D-Street at Rs 89.4; The stock is up more than 143 percent since then. Meanwhile, the stock has risen over 269 percent against its issue price of Rs 59 per share. The stock is currently trading at Rs 218.2 per share. The scrip settled at Rs 84.45 on the day of its enlistment.
4. Global Health Limited
Medanta Operator Global Health shares were listed on the exchange on 16 November 2022 at Rs 398.2. The stock has gained over 124 percent of its listed price and over 165 percent of its issue price of Rs 336. The stock ended the first day up 4.4 percent at Rs 415.65.
5. Five-Star Business Finance
Shares of Five Star Business Finance rose 78 per cent to their list price of Rs 449.95 per share. The stock has risen 69 percent from its issue price of Rs 474. The stock is currently trading at Rs 806. The stock rose over 8 percent to settle at Rs 489.5 on the day of listing.
6. Fusion Micro Finance Limited
Microfinance company Fusion Micro Finance Limited went public on 15 November 2022. was listed on the BSE at Rs 360.5 each. Since then the shares have gained more than 64 percent to their list price and more than 61 percent to their issue price of Rs 368 per share. The stock ended the first day down 9.9 percent at Rs 324.9.
(Note: The information provided here is for informational purposes only. It is important to note that investing in the market is risky. Always consult an expert before investing money as an investor. ABPLive.com Never advise anyone to invest money here.)
Tata Technologies IPO: Tata Technologies IPO starts on Wednesday, know these 6 things before investing