87% IPOs of FY25 trading above issue prices; is listing gains driving primary market?
The average listing day gains of the 30 IPOs listed in FY25 (as of September 10) is 33.5%, which increased from 29% in FY24 and 9% in FY23.
The average listing day gains of the 30 IPOs listed in FY25 (as of September 10) is 33.5%, which increased from 29% in FY24 and 9% in FY23.
Among main board IPOs, the public issue of ₹4,326 crore by Mankind Pharma was the largest in FY24, followed by Tata Tech (₹3,043 cr) and JSW Infra (₹2,800 cr).
The IPO is completely an OFS of 15% stake by the Government of India through Telecommunication Consultants of India.
Krystal Integrated Services raised ₹300 crore from IPO, which was subscribed 13.49 times
The share price of Popular Vehicles and Services listed at ₹289.20 on the NSE, down 1.96% against the IPO price of ₹295 apiece.
The ₹2,500 crore IPO of Bharat Highways InvIT will open for subscription today at a price band of ₹98-100 per share.
Ahead of the IPO, Exicom Tele-Systems raised ₹178 crore from anchor investors, while Platinum Industries garnered ₹70.59 crore from anchor book.
The ₹920-crore IPO of Apeejay Surrendra Park Hotels was subscribed 62.91 times; portions for retail investors, QIB, and NII were booked 32x, 79.23x, and 55.26x, respectively.
While Rashi Peripherals looks to raise ₹600 crore via IPO route, two small finance banks - Capital and Jana - aim to garner ₹570 crore and ₹523 crore, respectively.
Post listing, BLS e-Services shares gained as much as 158% to hit a high of ₹348.40 on the NSE, while it touched a high of ₹347.90 on the BSE