Mixed IPO Debuts: Mainboard Listings Show Modest Gains, SME Offerings Shine
Four companies recently listed on Indian stock exchanges, showing varied performances. Mainboard listings Vikran Engineering and Anlon Healthcare saw modest gains, with Vikran opening at 2-2.8% premium and Anlon at 0-1% premium. SME platform listings demonstrated stronger performances, with Sattva Engineering reaching its upper circuit limit and Current Infraprojects opening at a 90% premium. The contrasting results suggest cautious investor approach towards larger mainboard issues and higher risk appetite for SME stocks.
*this image is generated using AI for illustrative purposes only.
Four companies recently made their stock market debuts, showcasing a mix of performances across mainboard and SME platforms. The listings highlighted the varied investor appetite for different segments of the market.
Mainboard Listings: Modest Gains
Vikran Engineering
Vikran Engineering, a notable entrant on the mainboard, opened with modest gains:
| Exchange | Opening Price | Gain |
|---|---|---|
| NSE | ₹99.00 | 2.0% |
| BSE | ₹99.70 | 2.8% |
The stock later rose over 2% to reach ₹101.23. Vikran Engineering's ₹772-crore IPO had been subscribed 23.59 times, with a price band of ₹92-97 per share.
Anlon Healthcare
Anlon Healthcare had a muted listing:
| Exchange | Opening Price | Premium |
|---|---|---|
| NSE | ₹92.00 | 1.0% |
| BSE | ₹91.00 | 0.0% |
The company's ₹121 crore IPO was subscribed 7.12 times, with a price band of ₹86-91 per share.
SME Platform: Strong Performances
Sattva Engineering
Sattva Engineering showcased a robust performance on the SME platform:
- Listed at ₹95.10
- Quickly reached the upper circuit of ₹99.85
- Represented a significant premium over the issue price of ₹75 per share
The company's ₹35.38 crore IPO had been oversubscribed by an impressive 198 times.
Current Infraprojects
Current Infraprojects also delivered a strong debut:
- Opened at ₹152, a premium of over 90% to its IPO price of ₹80
- Later declined 4% to ₹146
The ₹42 crore issue had been heavily oversubscribed by 379 times.
Market Implications
The contrasting performances between mainboard and SME listings suggest:
- Cautious investor approach towards larger mainboard issues
- Higher risk appetite for SME stocks, possibly driven by the potential for higher returns
These listings reflect the current market sentiment and investor preferences across different segments of the Indian stock market.
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