2024 IPO Surge: 57% of SME Issues Achieve Over 100% Subscription Rate

  • The enthusiasm for initial public offerings (IPOs) shows no signs of diminishing, as retail investor participation has increased substantially in recent years.
  • The confidence of retail investors in the equity markets is growing, driven by a desire to diversify their portfolios and capitalize on the growth potential of equities.
  • Reflecting this trend, the S&P BSE IPO index recorded a remarkable 62% gain over the past year, outstripping the 21.6% return of the S&P BSE Sensex during the same period.

Discover the latest trends in the IPO market, with a focus on the surge in SME IPOs and their impressive performance in 2024.

Top Performers

Looking at the top performers in the SME category for 2024, Owais Metal and Mineral Processing stands out, with its shares trading at ₹1,259 apiece, a remarkable 1348% higher than their issue price of ₹87 per share. These shares debuted in the secondary market in March.

Noteworthy IPOs and Their Impact

Following closely behind are Australian Premium Solar, Alpex Solar, Pratham EPC Projects, Winsol Engineers, Vruddhi Engineering Works, Kay Cee Energy & Infra, Refractory Shapes, and TAC Infosec, all experiencing significant gains of 300% to 500% from their respective issue prices.

Conclusion

Before subscribing to SME IPOs, investors should carefully read the IPO prospectus, analyze the risks involved, and consider consulting with a financial advisor if needed. Additionally, investors should be cautious of the hype surrounding IPOs and avoid making investment decisions solely based on short-term market trends or subscription rates.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Synthetix Completes Transition to 420 Staking Pool: Key Changes and Future Upgrades Announced

On April 27th, Synthetix made significant strides in its...

TRUMP Token Soars 94.6% in Nine Days as Trading Volumes Surge: A Closer Look

In a significant development for the crypto market, the...

SEC’s Hester Peirce Highlights Need for Clear Crypto Custody Rules Amid Current Regulatory Uncertainty

COINOTAG reported on April 27 that during a roundtable...

TRON Leads the Charge at Meta Crypto Oasis 2025 Summit: Innovations in AI and Web3 Unveiled

COINOTAG News reports that on April 29th, the highly...

Solana Dominates DEX Trading with $19.359 Billion Volume, Surpassing Ethereum and BSC

In a significant development within the decentralized finance (DeFi)...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img