Home / Markets / Ipo /  Year-ender 2022: IPOs of small & medium enterprises steal the show on BSE

The share of small and medium enterprises out of the total companies raising funds through IPO route was quite high this year at 52 out of a total of 88 public offerings on BSE. Only 36 firms have issued an initial public offering on BSE main board in 2022 so far.

In 2021, 64 initial public offerings (IPOs) were on BSE main board and 27 on BSE SME segment out of a total of 91 issues, according to data on BSE website.

Despite the global headwinds, tightening interest rates cycle, and market volatility, 81.8% of the total 88 IPOs issued on BSE in 2022 so far have fared well. Out of 88, 65 IPOs listed at a rate higher than the issue price. Meanwhile, 72 out of 88 are at present trading in the green as compared to the issue price.

Out of 88, 65 IPOs listed at a rate higher than the issue price
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Out of 88, 65 IPOs listed at a rate higher than the issue price

In comparison, 66 out of 91 IPOs listed in the green in 2021, the data on BSE showed.

66 out of 91 IPOs listed in the green in 2021
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66 out of 91 IPOs listed in the green in 2021

This week, Radiant Cash Management Services IPO is open for bidding, but has received a lacklustre response from investors. The last week of December is generally considered a muted week in terms of participation on the back of holiday season globally. Markets in many western countries do not trade. The volumes in secondary market are also low in India.

The three IPOs listed on the bourses last week closed in the red on BSE. Sula Vineyards traded at 311.15 on BSE on December 23 against its issue price of 357.00. Landmark Cars closed at 460.05 on December 23. Abans Holdings was trading in the red and closed at 216.05 on Friday. Out of all the IPOs listed in the week during December 19-23, Droneacharya Aerial Innovations was the only exception that registered a gain of 53 points and closed at 107.10 on Friday.

SME IPOs are the top gainers

This year saw Small and Medium Enterprises (SME) IPOs emerging as the top gainers as there was a 92.6% jump in the number of SME IPOs this year. Last year, 27 IPOs were listed on BSE. This year the number grew to 52.

These are the SME IPOs launched in 2022 that have gained the most so far:

1. Rhetan TMT: The IPO was issued at 70 on BSE in September. Its stock price has increased by 562.9% till date. Its shares were trading at 464.25 on BSE on Monday.

2. Jayant Infratech IPO: It was listed on BSE in July with an issue price of 67. The company stock price has increased by 420% till now. Its Current Market Price(CMP) of 349.90.

2. Concord Control Systems IPO: The IPO has increased by 243% till now. It was issued at a price of 55 in October this year. Its CMP was 189 on BSE on Monday.

3. Maruti Interiors Products IPO: It was launched at an issue price of 55 in February this year. The IPO has increased by 243 % till date. Its CMP was 153 on BSE on Monday.

4. Goel Food Products: The company IPO was issued at a price of 72 in June this year. It has now increased by 136.8 % till now. Goel Food Products shares were trading at 170.50 on BSE on Monday.

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