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. On the NSE, the shares opened at Rs 1,900, marking a 43 per cent gain, while on the BSE, the stock listed at Rs 1,856, a 39.65 per cent premium.
The shares of the company today (December 24) closed at Rs 1,928 today, recording a gain of 1.70 per cent during the trading session.
– International Gemmological Institute IPO
The shares of International Gemmological Institute (India) made a strong debut on the stock exchanges on Friday, December 20, opening with a 22 per cent premium. The stock was listed at Rs 510 on the NSE, compared to its upper price band of Rs 417.
International Gemmological Institute’s shares closed at Rs 528.90 on the NSE today (December 24), gaining 46.70 points or 9.68 per cent during the trading session.
– Sai Life Sciences IPO
Sai Life Sciences debuted on Dalal Street on December 18. The stock opened at Rs 660 on the BSE, a premium of 20.2 per cent over the issue price of Rs 549. On the NSE, the shares listed at Rs 650, marking an 18.3 per cent premium.
As of today (December 24), Sai Life Sciences closed at Rs 761.90, gaining 7.23 per cent. Over the past five trading days, the stock has surged by Rs 111.90, marking a 17.22 per cent increase.
Upcoming Listings to Watch
Several other mainboard IPOs are still in the pipeline, with their listings set to hit the exchanges on December 27. This includes Sanathan Textiles IPO, Concord, Enviro Systems IPO, Mamata Machinery IPO, DAM Capital Advisors IPO, and Transrail Lighting IPO.
Year-End Listings
For those keeping an eye on the calendar, the following IPOs are scheduled to list just before the year ends:
Ventive Hospitality IPO, Carraro India IPO, and Senores Pharmaceuticals IPO are scheduled to list on December 30. Meanwhile, Unimech Aerospace IPO is scheduled to list just before the year ends on December 31.