The Indian primary markets seem to be experiencing a slowdown compared to the preceding years. So far this year, seven mainline IPOs have been listed on the Indian exchanges, BSE and NSE, collectively raising approximately Rs 6,000 crore from the primary markets. Among these IPOs, five have yielded returns ranging from 15-51% for investors since their issuance. Except for Avalon Technologies, most of these IPOs debuted with a premium. However, a positive aspect is that Avalon Technologies has still managed to increase by over 15% since it was listed. (Data Source: ACE Equity)
iStock
2/8
Global Surfaces | Performance since issue price: 51%
The stock has surged by approximately 51%, reaching Rs 211 from its issue price of Rs 140. The company's total issue size amounts to Rs 155 crore.
iStock
3/8
Mankind Pharma | Performance since issue price: 51%
The stock has surged by approximately 51%, reaching Rs 1,626 from its issue price of Rs 1,080. The company's total issue size amounts to Rs 4,326 crore.
Reuters
4/8
Divgi Torqtransfer Systems | Performance since issue price: 46%
The stock has surged by approximately 46%, reaching Rs 861 from its issue price of Rs 590. The company's total issue size amounts to Rs 412 crore.
iStock
5/8
Sah Polymers | Performance since issue price: 36%
The stock has surged by approximately 36%, reaching Rs 88 from its issue price of Rs 65. The company's total issue size amounts to Rs 66 crore.
ETMarkets.com
6/8
Avalon Technologies | Performance since issue price: 16%
The stock has surged by approximately 16%, reaching Rs 507 from its issue price of Rs 436. The company's total issue size is Rs 865 crore.
iStock
7/8
Radiant Cash Management Services | Performance since issue price: 0.28%
The stock has gained by approximately 0.28%, reaching Rs 94 from its issue price of Rs 94. The company's total issue size is Rs 256 crore.
iStock
8/8
Udayshivakumar Infra | Performance since issue price: -6%
The stock has declined by approximately 6%, reaching Rs 33 from its issue price of Rs 35. The company's total issue size amounts to Rs 70 crore.
