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IPO in 2023 Performance Analysis: Which Companies to Invest On
Mankind Pharma Limited (Mainline)
Quicktouch Technologies Limited (SME)
Avalon Technologies Limited (Mainline)
Vertexplus Technologies Limited
Do you want to know about the best IPO in 2023 to invest on in India? Investing in Initial Public Offerings (IPOs) can be an exciting opportunity for investors to participate in the early growth stages of a company and potentially earn significant returns. However, not all IPOs perform equally well, and it is essential to carefully evaluate each offering before making investment decisions. We have performed an IPO Performance Analysis 2023 that will help you know which companies you should invest on.
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IPO in 2023 Performance Analysis: Which Companies to Invest On?
Here, we will analyze the performance of several IPOs in 2023 and recommend companies that show promising potential based on the available information.
Innokaiz India Limited (SME)
Innokaiz India Limited went public on May 11, 2023, raising Rs 21.17 Cr. The IPO in 2023 was priced at Rs 78.00 per share, and on the listing day, the share price surged to Rs 155.61, representing an impressive gain of 99.5%. As of the latest available information, the share price stood at Rs 148.20. This strong debut and subsequent growth make Innokaiz India Limited an interesting option for investors willing to consider SME IPOs.
Mankind Pharma Limited (Mainline)
Mankind Pharma Limited, a prominent pharmaceutical company, went public on May 9, 2023, and raised a substantial amount of Rs 4,326.36 Cr. The IPO in 2023 was priced at Rs 1,080.00 per share. After the listing, the share price experienced a moderate gain, reaching Rs 1,424.05, indicating an increase of 31.86%. Although the share price has fluctuated since then, with the latest available price at Rs 1,680.00, Mankind Pharma Limited still shows potential for further growth. Given the reputation and track record of the company, it may be worth considering as a long-term investment opportunity. It is among the best IPOs in 2023 to invest on.
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Quicktouch Technologies Limited (SME)
Quicktouch Technologies Limited made its debut on May 2, 2023, with an IPO size of Rs 9.33 Cr. The IPO was priced at Rs 61.00 per share. While the share price remained stable, showing no change on the listing day, it later rose to Rs 133.00, representing a substantial gain of 118.03%. This impressive growth makes Quicktouch Technologies Limited an attractive option for investors interested in SME IPOs.
Avalon Technologies Limited (Mainline)
Avalon Technologies Limited, a company operating in the technology sector, went public on April 18, 2023, raising Rs 865.00 Cr. The IPO in 2023 was priced at Rs 436.00 per share. Although the share price experienced a slight decline initially, it has since rebounded, reaching Rs 512.60, indicating a gain of 17.57%. As of the latest available information, the share price stands at Rs 538.90. Given the positive trend and the company’s involvement in the technology sector, Avalon Technologies Limited appears to be a viable option for investors looking for exposure to this industry. When it comes to the best IPOs in 2023 to invest on, you can consider it.
MOS Utility Limited (SME)
MOS Utility Limited made its IPO debut on April 18, 2023, raising Rs 49.97 Cr. The IPO in 2023 was priced at Rs 76.00 per share. After the listing, the share price rose to Rs 94.50, representing a gain of 24.34%. While the share price has remained relatively stable, showing a minor increase to Rs 95.00, MOS Utility Limited exhibits potential for growth and can be considered as a suitable option for investors looking to invest in SME IPOs in 2023.
Infinium Pharmachem Limited
Infinium Pharmachem Limited is an SME IPO that has shown positive performance since its listing. With a current share price of Rs 147.80, which reflects a 9.48% increase from the IPO price, this company presents a potential investment opportunity. Considering its growth potential, investors may consider applying for Infinium Pharmachem Limited’s IPO in 2023.
Maiden Forgings Limited
Maiden Forgings Limited, another of the SME IPO, has experienced a slight decrease in its share price since its listing. However, with a current price of Rs 59.86, investors may find an opportunity to enter the market at a potentially lower valuation. Considering the company’s prospects and the likelihood of a rebound, interested investors may apply for this IPO in 2023.
Udayshivakumar Infra Limited
Udayshivakumar Infra Limited, listed on the mainline, has seen a decline in its share price since its IPO. Currently priced at Rs 31.50, the stock has decreased by 10% from the IPO price. However, considering the potential for recovery and future growth, investors may choose to apply for this IPO in 2023.
Dev Labtech Venture Limited
Dev Labtech Venture Limited, an SME IPO, has shown a minor decrease in share price since listing. Despite this, with a current price of Rs 50.21, the stock presents a potential investment opportunity. Investors who believe in the company’s long-term prospects may consider applying for this IPO in 2023.
Nirman Agri Genetics Limited
Nirman Agri Genetics Limited, another SME IPO, has demonstrated positive performance since its listing. With a current share price of Rs 101.30, which reflects a 2.32% increase from the IPO price, the company appears to be heading in the right direction. Considering the positive trend, investors may consider applying for this IPO in 2023.
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Quality Foils (India) Limited
Quality Foils (India) Limited, an SME IPO, has experienced significant growth since its listing. With a current share price of Rs 97.70, reflecting a substantial 62.83% increase from the IPO price, the company has caught the attention of investors. Interested individuals may consider applying for this IPO, given the company’s strong performance.
Global Surfaces Limited
Global Surfaces Limited, a mainline IPO in 2023, has showcased impressive performance since its listing. With a current share price of Rs 170.90, which indicates a remarkable 22.07% increase from the IPO price, the company has demonstrated strong growth potential. Investors looking for a promising IPO may consider applying for Global Surfaces Limited.
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Vertexplus Technologies Limited
Vertexplus Technologies Limited has exhibited favorable IPO in 2023 performance with consistent growth in its share price. The stock has shown a positive trend, reaching Rs 106.05 and peaking at Rs 116.10. This indicates investor interest and potential for future growth. Investors may consider applying for Vertexplus Technologies Limited’s IPO, given its promising performance.
Systango Technologies Limited
Systango Technologies Limited has demonstrated impressive IPO in 2023 performance, with a substantial increase in share price. The stock price rose from Rs 102.90 to Rs 228.20, indicating a significant appreciation in value. This suggests positive market sentiment and growth potential. Investors may consider applying for Systango Technologies Limited’s IPO, considering its strong performance.
Conclusion
These recommendations take into account both the listing day gain and the post-IPO in 2023 performance of the companies. While investing in IPOs involves risks, analyzing the performance of previous offerings can help guide investment decisions. However, it is important to conduct thorough research and consider other factors before making any investment decisions.
The IPO market in 2023 has showcased companies with varying levels of performance. While some IPOs experienced significant gains, others witnessed losses. By analyzing the listing day gains and post-IPO in 2023 performance, investors can make more informed decisions. Remember to consult with a financial advisor or do your own due diligence before investing in any IPO. Happy investing!
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