Among three mainboard IPOs listed today, Bajaj Housing Finance shares got listed at Rs 150.0, a whopping 114.3 per cent increase from the allotment price of Rs 70. It continued its rally to reach Rs 165 per scrip at the closing bell.
Kross's shares are trading at Rs 259 as of today's close. Its listing price was Rs 240, with no change from the Rs 240-- its allotment price. Tolins Tyre, another share which debuted today, was listed at 228, a modest increase from its allotment price of Rs 226. But Tolins is currently trading at Rs 239.
As many mainboard IPOs such as HDB Finance, subsidiaries of Kotak Bank, SBI, etc., are awaiting allotment it is proper to check how shares which debuted this year are trading so far. Buying only 1 share of the parent Company is enough for eligibility in the shareholder's quota. But note that keeping shareholder Quota in IPO is purely at the discretion of the parent Company.
IPOs Listed in 2024: Gains & Losses
As of September 16, 2024, 61 IPOs had hit the IPO market in calendar year (CY) 2024. Four have not been listed yet. So, let's check how the rest—57 of these IPOs listed—have fared so far. The average IPO Returns this year are around 60.30 per cent.
As many as 10 IPOs listed in the negative upon listing, out of which 5 IPOs are still trading in losses. Capital Small Finance Bank is trading at around 34 per cent loss, and Popular Vehicles & Services is trading at around 23 per cent loss. These were the most significant losses in the IPO this year. The rest of the stocks were in red when listed, but they recovered, and are trading in gains. JG Chemicals, which was listed in red, is now trading at over 90 per cent gains.
There are many SME IPOs this year that exceeded returns of 250 per cent. But among the mainboard IPOs, the winners are as follows. Among IPOs that made huge listing gains, Vibhor Steel Tubes, BLS E-Services, Premier Energies, Unicommerce eSolutions are the ones that got the highest listing gains at 181.46 per cent, 125.93 per cent, 120 per cent and 117.59 per cent respectively. Now Bajaj Housing has also joined the club with returns exceeding 100 per cent. Many of them retraced from their listing gains upon trading, while 6 IPOs are still trading with more than 100 per cent gains.
