Seven New IPOs Make Market Debut with Mixed Results on Indian Exchanges
Seven companies recently listed on various Indian stock exchanges, showing diverse first-day performances. Suba Hotels and Sodhani Capital had strong debuts, with 46% and 57% gains respectively. Glottis had the weakest start, opening 31-35% below its IPO price. Fabtech Technologies, Vijaypd Ceutical, Dhillon Freight Carrier, and Om Metallogic had varied performances ranging from flat listing to 20% discount. IPO subscription rates varied from 1.37 to 15.33 times, with deal sizes between ₹10.08 crore and ₹307.00 crore.
*this image is generated using AI for illustrative purposes only.
Seven companies recently made their debut on various Indian stock exchanges, including the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and SME platforms, showcasing a diverse range of performances on their first day of trading.
IPO Performance Overview
| Company Name | IPO Price (₹) | Listing Price (₹) | Performance |
|---|---|---|---|
| Suba Hotels | 111.00 | 154.29 | +39% premium, reached upper circuit with 46% gains |
| Sodhani Capital | 51.00 | 80.00 | +57% premium on BSE SME platform |
| Glottis | 129.00 | 84.00-88.00 | -31% to -35% below IPO price |
| Fabtech Technologies | 191.00-192.00 | 191.00-192.00 | Listed flat, fell 5% to lower circuit |
| Vijaypd Ceutical | 35.00 | 35.00 | Listed at par with offer price |
| Dhillon Freight Carrier | 72.00 | 57.60 | -20% discount to IPO price |
| Om Metallogic | 86.00 | 85.00 | Slightly below offer price |
Highlights of the Listings
- Suba Hotels emerged as the strongest performer, opening at a 39% premium to its IPO price of ₹111.00 and reaching the upper circuit with 46% gains.
- Sodhani Capital had an impressive debut on the BSE SME platform, opening at a 57% premium to its issue price of ₹51.00.
- Glottis experienced the weakest debut among the group, opening 31-35% below its IPO price of ₹129.00.
- Fabtech Technologies listed flat but subsequently fell 5% to hit the lower circuit.
- Vijaypd Ceutical made a par debut, listing at its offer price of ₹35.00.
- Dhillon Freight Carrier opened at a 20% discount to its IPO price of ₹72.00.
- Om Metallogic opened slightly below its offer price at ₹85.00.
IPO Subscription and Deal Sizes
The IPOs saw varying levels of investor interest, with subscription rates ranging from 1.37 times to 15.33 times. The deal sizes for these IPOs varied significantly, ranging from ₹10.08 crore to ₹307.00 crore, reflecting the diverse scale of the companies making their market debut.
This mixed performance of the newly listed companies highlights the current sentiment in the Indian primary market, with investors showing selective interest based on company fundamentals, sector outlook, and overall market conditions.
As these companies begin their journey in the public markets, investors will be closely watching their performance in the coming days and weeks to gauge their potential for long-term growth and stability.
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