The year 2023 is ending. As the year ends, let’s take a look at those IPOs that made the most money for investors on the day of listing.
10. Saint DLM Limited
The issue price of Saint DLM Limited, which entered the market with the aim of raising Rs 592 crore, was kept at Rs 265. The entry of the share in the market was also excellent and the share was listed on NSE at Rs 403 with a premium of 52.1%. At the close of trading, the stock gained momentum and closed at Rs 420.75. This means that on the very day of listing, investors got a huge profit of 58.7%.
9. SBFC Finance Limited
The total IPO of SBFC Finance Limited was Rs 1,025 crore. The company was issuing fresh issues worth Rs 600 crore, and the promoters of the company were raising Rs 425 crore through OFS. The issue price of the IPO was kept at Rs 57 and it was listed on BSE at Rs 81.99 with a premium of 43.8%. On this day, there was a great rise in the shares and SBFC Finance, which was listed at a premium of 43.8%, closed at Rs 92.21. Meaning a return of 61.77% on the very first day. It is at number 9 among the IPOs giving the most explosive returns this year.
8. DOMS Industries Limited
The IPO of DOMS Industries, which manufactures stationery products, was worth Rs 1,200 crore. The share received a strong response and was subscribed 93.52 times overall. The entry of DOMS Industries, which was listed on December 20, was explosive and it was listed on NSE at Rs 1,400 with a premium of 77.2%. The day DOMS Industries was listed was the reddest day of the market in 2023, the market had broken from record levels. DOMS Industries also had to face this decline. DOMS, which was listed with a premium of about 77.2%, could close only at Rs 1,330.85 with a rise of 68.46%.
7. Gandhar Oil Refinery (India) Limited
The issue price of Gandhar Oil Refinery IPO, which raised Rs 500.69 crore, was Rs 169. The market received strong subscription. Also, the share was listed at Rs 298 with a premium of 76.3%. At the close of trading, the stock gained 78% and closed at Rs 301.4.
6. Netweb Technologies India Limited
With the aim of raising Rs 631 crore, the issue price of the IPO of Netweb Technologies, a supercomputer system maker, was Rs 500 and it closed at a premium of 90.14 times on the last day of subscription.
The listing of the share was strong and it was listed on BSE at Rs 947 with a premium of 88.5%. There was a slight decline at the close of trading and it was listed at Rs 910.5 with a premium of 82.1% over the issue price.
5. Motisons Jewelers
The IPO of Motisons Jewelers was for Rs 151.25 crore. The issue price of IPO was kept at Rs 55 and investors placed a lot of bets in it. But the IPO with issue price of Rs 55 made a great entry in the market and was listed at Rs 103.9 with a premium of 88.9%. After a slight fall in the market, it closed at Rs 101.18. Meaning return of 83.96% on the very first day.
4. Indian Renewable Energy Development Agency Limited (IREDA)
IREDA can be kept among the most surprising stocks of this year. Government mini Ratna company IREDA had brought IPO to raise Rs 2,150 crore from the market, for which overall subscription was 38.8 times till the last day. The share with the issue price of Rs 32 opened at Rs 52 with a premium of only 56.25% and in no time it hit the upper circuit with a rise of 20% on the first day. The share closed at Rs 60 on the first day with a premium of 87.5% over the issue price and reached number 5 in our list of top 10 IPOs.
3. Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank was the share with the lowest issue price in this year’s IPO. The company set a target of raising Rs 500 crore through IPO and kept the issue price at just Rs 25. The IPO was oversubscribed within the first 2 hours. Till the last day it closed with 101.91 times more. The listing of the share in the market was also excellent and it was listed on BSE at Rs 39.95 with a premium of 60%. At the close of trading, the share had risen 91.76% times the issue price and closed at Rs 47.94.
2. Ideaforge Technology Limited
Ideaforge Technology, which launched its IPO by raising Rs 567 crore, fixed the issue price of shares at Rs 672. The IPO of the drone manufacturing company was oversubscribed on the very first day. Till the last day, this overall was listed on NSE at a price of Rs 1,305.1 with a premium of 94.2%. There was a slight fall in the share, but despite this the share closed at Rs 1,295.50 with a premium of 92.78% over the issue price.
1. Tata Technologies Limited
The IPO that made the most headlines in the year 2023 was the IPO of Tata Technologies of Tata Group. Tata Group was about to launch its IPO after about 20 years. The company raised Rs 3,042 crore through IPO, in which the issue price of IPO was kept at Rs 500. The share was oversubscribed within the first 36 minutes of opening of subscription. This is also a record in itself. Till the last day of subscription, it closed with 69.43 times. The more the IPO was discussed, the more powerful the listing became. The share was listed at Rs 1,200 with a premium of 140%. At the close of trading on the first day, it closed at Rs 1,314.25 with a premium of 162%.
