Dream debut! Six IPOs in July offer listing gains of up to 94%
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IPO Corner
Even though the first half of the year has been muted for IPOs, the second half has more than made up for the lull in terms of a number of issues and also listing gains. As many six companies made their debut on the exchanges, and almost all of them delivered solid listing gains to investors
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Ideaforge
Ideaforge, a drone startup that hit the exchanges in July's second week, kicked off the bumper return mania by delivering listing gains of 94% above the issue price
3/7
Cyient DLM
Cyient DLM made a strong debut on the exchanges as the stock was listed at a premium of 52% over its IPO issue price of Rs 265
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4/7
Senco Gold
Shares of Kolkata-based Senco Gold are listed at a healthy premium of 36% over the IPO price on the exchanges. The stock debuted at Rs 431 as against an issue price of Rs 317
5/7
Utkarsh SFB
Varanasi-based Utkarsh Small Finance Bank made a strong debut on the bourses with the stock listing at a 60% premium. On listing, the shares rallied further, delivering 90% returns on Day 1
6/7
Netweb Technologies
Continuing the trend of strong debuts, shares of Netweb Technologies too listed at a robust premium of over 89% on the exchanges
7/7
HMA Agro Industries
HMA Agro Industries fetched the least premium among all the IPOs in July as the shares listed at a mild premium of 6.18% over the issue price