Fiscal year 2023-2024 saw as many as 88 companies accessing the public markets and most of them made robust debuts. Around 70% of the issues that hit the markets in FY24, are still trading above the issue price. Here are the top 5 performing IPOs in the year. . Source link
The Street is buzzing with IPOs with two of them, SBFC Finance and Concord Biotech, currently open for subscription. While both the issues have received thumbs-up from analysts, they clearly prefer SBFC Finance over the other if investors had to pick one. SBFC Finance IPO, which closes on Monday, is reasonably priced, offering room to … Read more
The IPO market has picked up pace in the second half of the year with three issues — Ideaforge, Cyient DLM, and Senco Gold —delivering strong listing gains to investors. In the upcoming week, two more IPOs are set to hit the markets including the mainstream one of Netweb Technologies. The other issue is Asarfi … Read more
After ideaForge‘s near multibagger returns on Day 1, investors are expecting another strong listing from Cyient DLM, whose shares will debut on Monday. The grey market premium (GMP) of Cyient DLM is around Rs 150-155 in the unlisted market. If we consider the upper price band of Rs 265, the company’s shares are expected to … Read more
Mumbai: Cyient DLM, an integrated electronic manufacturing services (EMS) and solutions company, has set the price band for its ₹592-crore initial public offering at ₹250-265 apiece. The issue will remain open from June 27 to June 30. Investors must place bids for at least 56 shares and in multiples of 56. The subsidiary of Cyient … Read more