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IPOs in January: Top performers and failures as 22 companies hit Dalal Street

IPOs in January: Kay Cee Energy & Infra stood at the top of the heap. It is currently trading at ₹295.95 apiece- 447% higher than its IPO price of ₹54.

Published on: Jan 29, 2024, 17:05:55 IST
By HT News Desk
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In January 2024, 16 companies have already made their IPO debut on Dalal Street while an additional six companies are scheduled to list this month taking the total number of new listings to 22. Of these companies, 14 fall under the SME category while the remaining two represent listings from mainline category.

Who stood at the top in IPO performance?

IPOs in January: IPO stands for Initial Public Offering.
IPOs in January: IPO stands for Initial Public Offering.

Kay Cee Energy & Infra stood at the top of the heap. It is currently trading at ₹295.95 apiece- 447% higher than its IPO price of ₹54. At the second spot is Maxposure Australian Premium Solar (India) followed by Shri Balaji Valve Components and Akanksha Power and Infrastructure. All of these are trading with gains ranging from 130% to 276% from their respective issue prices.

Read more: Fixed deposit rates: These banks offer up to 7.25% interest on 2-year deposits

Which IPO is not doing well?

Sameera Agro and Infra stock is trading 35% below its IPO price of ₹180 apiece.

What are the upcoming mainline IPOs?

PhonePe may also aim for an initial public offering in the 2024–2025 timeframe while Swiggy is poised to make its debut on the public market in 2024. PayU India is also expected to be prepared for an initial public offering by the latter half of 2024. MobiKwik. Awfis Space Solutions, Unicommerce, Oyo, and PharmEasy may also unveil their respective IPOs this year.

 
ABOUT THE AUTHOR
HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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