First Day First Show: Besides Mamaearth, 12 Other IPOs That Disappointed On Their Listing Day
After disappointing investors by opening its listing day with just a 1.8% premium, the shares of Mamaearth¡¯s parent, Honasa Consumer, managed to close just over 4% higher on its first day as a listed company. While the saving grace is that at least investors did not lose money, the single-digit gains and losses on the first day of listing is a pattern that many IPOs have seen this year.
After disappointing investors by opening its listing day with just a 1.8% premium, the shares of Mamaearth¡¯s parent, Honasa Consumer, managed to close just over 4% higher on its first day as a listed company.
While the saving grace is that at least investors did not lose money, the single-digit gains and losses on the first day of listing is a pattern that many IPOs have seen this year.
IPOs Of 2023: First Day, First Show
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Besides Mamaeaerth, these 12 IPOs of 2023 saw single-digit gains and losses on their listing day:
1.Avalon Technologies
Listing Date:18-Apr-23
Gain/Loss:-8.84
2.IRM Energy
Listing Date:26-Oct-23
Gain/Loss:-6.35
3.Updater Services
Listing Date:04-Oct-23
Gain/Loss:-5.38
4.Udayshivakumar Infra
Listing Date:03-Apr-23
Gain/Loss:-4.60
5.Yatra Online
Listing Date:28-Sep-23
Gain/Loss:-4.26
6.Zaggle Prepaid Ocean Services
Listing Date:22-Sep-23
Gain/Loss:-3.48
7.HMA Agro
Listing Date:04-Jul-23
Gain/Loss:-0.04
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8.Manoj Vaibhav Gems N Jewellers
Listing Date:03-Oct-23
Gain/Loss:0.30
9.Rishabh Instruments
Listing Date:11-Sep-23
Gain/Loss:0.40
10.TVS Supply Chain Solutions
Listing Date:23-Aug-23
Gain/Loss:2.01
11. Divgi Torqtransfer Systems
Listing Date:14-Mar-23
Gain/Loss:2.57
12.Honasa Consumer
Listing Date:07-Nov-23
Gain/Loss:4.06
13.Pyramid Technoplast
Listing Date:29-Aug-23
Gain/Loss: 5.87
(Gain/loss on listing day with respect to issue price)
Source: primedatabase.com
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Also Read: 20 Must Know Terms Before Investing In Any Company's IPO
Many Big IPOs Coming Up
After witnessing mega IPOs such as LIC, Zomato, Nykaa, and Paytm in recent years, India's stock market investors are set to be treated to many big IPOs in the coming months. From Tata Technologies, Swiggy, Mamaearth, and ITC Hotels to Oyo and Ola Electric, many big IPOs are set to be launched later this year or early next year.
ITC Hotels
Tata Technologies
Oyo Rooms
Ola Electric
Swiggy
Byju¡¯s Aakash
Tata Play
Mobikwik
Tata Sons
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