Top performers

State-owned Indian Renewable Energy Development Agency (IREDA) has emerged as the top performer, delivering 243% returns against its issue price of ₹32. The Miniratna company debuted on stock exchanges on November 29, 2023, after receiving an overwhelming response for its ₹2,150-crore IPO, which was the first PSU to list on stock exchanges after a long gap of 17 months post LIC's market debut in May 2022.

Electronics manufacturing services and solutions provider Cyient DLM, which raised ₹592-crore via IPO, is another outstanding performer, which has risen 147% against its issue price of ₹265 since its listing on July 10.

Tata Technologies also had a stellar run at the bourses after making a blockbuster debut on the stock exchanges on November 30. A subsidiary of Tata Motors, the company has surged 142% in fifteen trading session, from its IPO price of ₹500 per share.

Among others, Netweb Technologies, a high-end computing solutions provider, has risen 136% against its IPO price of ₹500 apiece, while jewellery retailer Senco Gold has given 128% returns against its issue price of ₹317 per share.

Worst Performers

City gas distribution company IRM Energy, which raised ₹545.40 crore at a price band of ₹480-505, is the worst performing IPO in terms of returns. After making a weak debut on October 26, the Caila Pharma-backed stock has given a negative return of 20% against its IPO price.

Cash logistics player Radiant Cash Management, which received cold shoulder from investors for its ₹256.66 crore IPO, has also failed to impress D-Street. The company, a market leader in retail cash management services for banks, financial institutions, has given a negative return of 5.5% over IPO price since its listing on January 4, 2023.

Among others, Yatra Online, the country's third-largest online travel company that mopped ₹775 crore via IPO, has given a negative return of 4.35% against its issue price. While auto ancillary firm ASK Automotive, which made a positive debut on November 15 after raising ₹834 crore through IPO route, has delivered a negative return of 1.4%.

TVS Supply Chain Solutions, a part of TVS Mobility Group, has also failed to grab investor attention as it has given a flat return of 1.4% since its listing on August 23. The ₹880 crore IPO of the supply chain management company was booked 2.78 times, which were offered at a price band of ₹187-197 per share.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)

Radiant Cash Management

2024 Ahoy! 57 firms garner ₹49K cr via IPO in 2023; ₹63K cr fundraise lined up for New Year