Best IPOs and Worst IPOs - SME & Mainboard - November 2023

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The best performing and worst performing SME & Mainboard IPOs in November 2023. This IPO screener table also looks at the subscription status, current gains, listing gains, and issue size.

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Listing day open Analysis - November 2023

No. of Stocks Listed in Profit22 (88.0%)
No. of Stocks Listed in Loss3 (12.0%)
Avg Listing Gains37.5%
In November 2023, 22 stocks opened on listing day in profit and 3 opened in loss, with an average listing gain of 37.45%.

Listing day close Analysis - November 2023

No. of Stocks Closed in Profit20 (80.0%)
No. of Stocks Closed in Loss5 (20.0%)
End of Listing Day Avg Gain39.5%
In November 2023, at listing day close, 20 stocks were profitable and 5 were in loss, with an average EOD gain of 39.54%.

IPO Till Date Analysis - November 2023

No. of Stocks in Profit13 (52.0%)
No. of Stocks in Loss12 (48.0%)
Average returns till date30.3%
Out of all IPOs that listed in November 2023, 13 stocks are in profit and 12 in loss till date, reflecting an overall average gain of 30.33%.
Search in Table
IPO screener results: company, price, market cap, listing date, issue details, subscription figures and listing gains. Column headers are buttons that sort the table.
Rockingdeals Circular213.0148.730 Nov `2321.0 Cr₹ 14017.7x438.7x195.2x143.0x300.0315.0+114.3%+52.1%
Fedbank Financial149.85618.930 Nov `231092.3 Cr₹ 1403.5x1.4x1.8x2.2x138.0140.3-1.4%+7.0%
Tata Technologies730.129645.830 Nov `233042.5 Cr₹ 500203.4x62.1x16.5x69.4x1200.01313.0+140.0%+46.0%
Gandhar Oil Refinery300.12937.230 Nov `23500.7 Cr₹ 169129.0x62.2x28.9x64.1x298.0301.4+76.3%+77.5%
Indian Renewable107.030058.829 Nov `232150.2 Cr₹ 32104.6x24.2x7.7x38.8x50.060.0+56.3%+234.4%
Arrowhead Seperation68.212.828 Nov `2313.0 Cr₹ 233-44.9x134.6x89.8x250.0237.5+7.3%-70.7%
Sunrest Lifescience35.430.320 Nov `2310.8 Cr₹ 84-27.8x62.4x45.1x84.079.80.0%-57.9%
Kalyani Cast-Tech1115.0800.617 Nov `2330.1 Cr₹ 13966.3x188.6x190.9x162.4x264.1277.3+90.0%+702.2%
ROX Hi-Tech69.5166.716 Nov `2354.5 Cr₹ 8344.8x440.4x256.3x178.2x135.0141.8+62.6%-16.2%
Baba Food Processing21.434.915 Nov `2333.0 Cr₹ 76135.9x34.0x137.4x66.0x76.072.20.0%-71.9%
ASK Automotive600.811843.315 Nov `23833.9 Cr₹ 282142.4x35.5x5.7x51.1x303.3310.1+7.5%+113.0%
Protean eGov Tech625.82551.813 Nov `23490.3 Cr₹ 79246.9x31.6x8.9x23.9x792.0883.00.0%-21.0%
Micropro Software18.125.810 Nov `2330.7 Cr₹ 81-21.6x46.6x34.1x80.076.0-1.2%-77.7%
ESAF Small Finance44.22281.310 Nov `23463.0 Cr₹ 60173.5x84.4x17.0x73.2x71.069.0+18.3%-26.3%
Mish Designs36.511.207 Nov `239.8 Cr₹ 122-94.2x150.5x122.3x160.0152.0+31.1%-70.1%
Maitreya Medicare117.079.307 Nov `2314.9 Cr₹ 8242.6x1021.4x673.1x410.1x162.6154.4+98.2%+42.7%
Honasa Consumer464.215134.007 Nov `231701.4 Cr₹ 32411.5x4.0x1.4x7.6x330.0337.1+1.9%+43.3%
Vrundavan Plantation38.023.506 Nov `2315.3 Cr₹ 108-11.1x24.2x17.7x107.0101.7-0.9%-64.8%
Transteel Seating84.8212.006 Nov `2350.0 Cr₹ 704.6x111.5x35.9x31.6x88.993.3+27.0%+21.1%
KK Shah Hospitals45.030.606 Nov `238.8 Cr₹ 45-16.9x8.9x12.9x56.158.9+24.7%0.0%
Cello World360.97971.706 Nov `231900.0 Cr₹ 648108.6x24.4x3.1x38.9x829.0791.7+27.9%-44.3%
Shanthala FMCG13.28.803 Nov `2316.1 Cr₹ 91-4.6x2.9x3.8x108.0103.5+18.7%-85.5%
Paragon Fine & Speciality53.0103.803 Nov `2351.7 Cr₹ 10043.2x557.0x245.9x191.3x225.0213.8+125.0%-47.0%
On Door Concepts259.0181.301 Nov `2331.2 Cr₹ 208-3.1x7.4x5.3x214.0203.4+2.9%+24.5%
Blue Jet Healthcare511.38869.301 Nov `23840.3 Cr₹ 34613.7x13.6x2.2x8.0x380.0413.3+9.8%+47.8%

FAQ

  • An initial public offering (IPO) is a procedure by which private companies sell their shares to public investors through a book-building process. Investors will bid to buy shares within a price band, and based on the highest number of bids received at a particular price, the issue price will be determined.

  • QIBs are the registered institutional investors that directly apply in the Qualified Institutional Bidders category.

    HNIs are investors who apply for shares in an IPO worth above Rs 2 lakh and come under non individual investor (or HNI) category.

    Retail investors are individuals who apply for shares less than Rs 2 lakh in an IPO.

  • Investors should have a demat account with their broker. If you have a demat account, you can look for the IPO section in your demat account and select the company in which you want to invest in. Based on the amount you bid for, you will be classified either as a retail or HNI investor. Remember, the value of the shares for which you have placed bids in an IPO will be blocked from your account till the allotment of shares is completed. If you are allotted shares in the IPO, then any balance amount will be unblocked or credited into your account.

  • The IPO allotment process depends on the category of investors:

    1. Retail Individual Investor (RII) Category Retail investors can bid for shares up to ₹2,00,000. Shares are allotted through a lottery system if the IPO is oversubscribed in this category. Each eligible applicant has an equal chance of receiving at least one lot, regardless of when the application was submitted, provided the application is valid.
    2. High Net-Worth Individual (HNI) Investors who bid for shares worth more than ₹2,00,000 fall under this category. Allotment in the HNI category is done on a proportionate basis, i.e., in proportion to the amount of the bid. For example, if you apply for 1% of the total shares available in this category, you will receive 1% of the shares allotted to HNIs.

    General Notes:

    • Oversubscription: If an IPO is heavily oversubscribed, the chances of allotment in the RII category decrease, and it is purely based on a random lottery.
    • Application Modes: Investors can apply through ASBA (Applications Supported by Blocked Amount) via their banks or through online platforms provided by brokers.