Ten New IPOs Hit the Market: Infinity Infoway Soars 99% While Om Freight Stumbles

In a bustling day for the Indian stock market, ten companies made their debut across mainboard and SME platforms, showcasing a mixed bag of performances that caught investors' attention.

Stellar Performers

Infinity Infoway emerged as the star of the day, delivering an impressive 99% surge from its IPO price. The company, which had seen a staggering 277 times subscription during its initial offering, listed at ₹294.50 and further climbed to ₹309.20, significantly above its IPO price of ₹155.

Another notable gainer was Sheel Biotech, which listed on the NSE Emerge platform. The stock opened at ₹91.00 and gained 52% to reach ₹95.55, compared to its offer price of ₹63.00.

Mixed Fortunes

While some companies celebrated strong debuts, others faced a more challenging start:

Company Name	Listing Price	Change from IPO Price	Notable Information
Infinity Infoway	₹294.50	+99%	Reached ₹309.20, 277 times subscribed
Sheel Biotech	₹91.00	+52%	Listed on NSE Emerge
Zelio E-Mobility	Not specified	+14%	Reached upper circuit
Advance Agrolife	Not specified	Initial +13-14%, then declined	Fell to lower circuit
Om Freight Forwarders	₹81.50-₹82.50	-39% to -40%	Recovered 5% later
Chiraharit	Not specified	-20%	Traded at lower circuit
Valplast Technologies	Not specified	Not specified	Least subscribed at 1.19 times

Market Sentiment

The varied performance of these IPOs reflects the diverse investor appetite across different sectors. Subscription rates ranged from a modest 1.19 times for Valplast Technologies to an overwhelming 277 times for Infinity Infoway, indicating selective enthusiasm among investors.

Cautionary Tale

Om Freight Forwarders' debut serves as a reminder of the unpredictable nature of IPO investments. Despite the initial setback with a 39-40% discount at opening, the stock showed resilience by recovering 5% during the trading session.

Conclusion

This mixed performance across the newly listed companies underscores the importance of thorough research and a cautious approach when investing in IPOs. While some stocks like Infinity Infoway and Sheel Biotech rewarded investors handsomely, others like Om Freight Forwarders and Chiraharit faced initial hurdles, highlighting the inherent risks and opportunities in the IPO market.

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.