In the first half of FY25, SME IPOs generated 63% average listing gains as compared to the mainboard IPOs listing gains of 34.28%. SME IPO gains are 41% higher than the last year while mainboard IPO gains are 28.65% higher as compared to the H1 FY24.
Out of the 131 SME IPOs, 94 were trading at a higher level than their issue price at the end of September 2024, with the overall gains at 92%. The oversubscription in SME IPOs has grown from 72 times in H1 FY24 to 208 times in H1 FY25.
In the mainboard IPOs, Bajaj Housing Finance generated 136% listing day gains, with Unicommerce Esolutions at 94% and Premier Energies at 87%.
35 IPOs out of 38 were subscribed over 10 times, and 17 IPOs were overcrowded over 50 times. The retail investors are continuously applying with oversubscription of this category by 33.02 times in H1 FY25 from 28.27 times in H1 FY24.
After one month of listing, 30 out of 38 IPOs have traded higher than their issue price. In the period ending September 2024, these IPOs have generated an average return of approximately 41%.
Till September end 2024, companies have raised ₹50,000 crores through the IPO route, which is twice that of the last year. It is expected that the 26 companies are going to raise ₹72,000 crores in the upcoming period.
To benefit from exponential gains from the mainboard and SME IPOs, open demat account now with SMC Global Securities and stay updated.
Reference:
https://economictimes.indiatimes.com/markets/ipos/fpos/smes-ipo-outshine-mainboard-issues-as-average-listing-gains-spike-up-to-63-in-h1fy25/articleshow/113929178.cms
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