The last month of the year, December brought a flurry of activity to the stock market, with a variety of IPOs, from mainboard giants to smaller SME ventures, making their debut. While some companies successfully listed on the exchanges, others opened for subscription or awaited their listing dates
Here is a round-up of December’s IPO action and what it means for investors.
IPOs That Debuted on the Stock Exchanges
A host of mainboard IPOs opened for subscription and completed their listing process this month which includes Suraksha Clinic and Diagnostic IPO, Property Share InvIT IPO, Mobikwik IPO, Sai Life Sciences IPO, Vishal Mega Mart IPO, Inventurus Knowledge Solutions IPO, and International Gemmological Institute IPO.
Let’s take a look at some of the mainboard issues that got listed this month and their performance:
– Mobikwik IPO
One Mobikwik Systems made its entry on Dalal Street on December 18, 2024. The company’s shares were listed at Rs 442.25 on the BSE, 58.51 per cent premium over its IPO allotment price of Rs 279. Meanwhile, on the NSE, the stock debuted at Rs 440, marking a 57.70 per cent premium.
The stock of One Mobikwik Systems closed at Rs 593.55 on December 24, registering a gain of Rs 65.00 or 12.30 per cent for the day. Over the past five trading sessions, the stock has surged by Rs 153.55, a 34.90 per cent increase.
Also Read: Transrail Lighting IPO Allotment: How to check the allotment status online on NSE, BSE, Link Intime
– Vishal Mega Mart IPO
Vishal Mega Mart, a prominent hypermarket chain operator, made its debut on the stock exchanges on December 18. On the BSE, its shares got listed at Rs 110, a 41 per cent premium over the IPO price of Rs 78, while on the NSE, the shares opened at Rs 104, a 33.33 per cent premium.
As of December 24, the stock closed at Rs 104.33, gaining 2.34 per cent during the day. However, over the past five trading sessions, it recorded a slight dip of 2.06 per cent.
– Inventurus Knowledge Solutions IPO
Inventurus Knowledge Solutions had a stellar stock market debut on December 19, listing with a premium over its issue price of Rs 1,329.
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