Year Ender 2023: A Recap of Top 10 IPOs Making Waves in the Stock Market

As the year 2023 draws to a close, the stock market has been abuzz with the performance of various Initial Public Offerings (IPOs). From remarkable successes to lukewarm responses, the year has seen a diverse range of IPOs hitting the market. Notably, the BSE Sensex recently achieved a historic milestone by crossing the 70,000 mark, adding to the significance of this year's IPO landscape. Let's delve into the top 10 IPOs that have captured headlines throughout the year.

1. Tata Technologies:

   • The Tata Group marked its return to the IPO arena after two decades with Tata Technologies. Opening for subscriptions on November 22 and closing on November 24, the IPO was oversubscribed 69.43 times. The stock made a spectacular debut on November 30, trading at ₹1,200 on the NSE and ₹1,199 on the BSE, reflecting a remarkable 140 percent premium over the IPO price.

2. Indian Renewable Energy Development Agency (IREDA):

   • IREDA made a dream debut on November 29, ending the day with an 87.5 percent premium over the issue price of ₹32. Listing at ₹50, it soared 56.25 percent on both the BSE and NSE, closing the day at ₹60 apiece.

3. Netweb Technologies India:

   • Delhi-based Netweb Technologies India, a provider of high-end computing solutions, listed at a striking 89.4 percent premium on the BSE, opening at ₹942.5 against the issue price of ₹500.

4. Senco Gold:

   • Senco Gold Ltd, which debuted on July 14, saw its shares listed at ₹430 per share on the NSE, a significant 35.6 percent higher than the IPO price of ₹317.

5. JSW Infrastructure:

   • Making its debut on October 3, JSW Infrastructure registered a remarkable market debut, ending the day with a premium of over 32 percent against the issue price of ₹119.

6. Blue Jet Healthcare:

   • Blue Jet Healthcare, a pharmaceutical ingredient maker, had a strong market debut on November 1, closing the first day with a premium of over 19 percent against the issue price of ₹346.

7. Honasa Consumer Care (Mamaearth):

   • Honasa Consumer Ltd, the owner of FMCG brands like Mamaearth and The Derma Co, had a debut trade on November 7, ending with a 4 percent gain against the issue price of ₹324.

8. Flair Writing:

   • Pen maker Flair Writing Industries made a stunning debut on December 1, closing with a premium of nearly 49 percent against the issue price of ₹304.

9. Yatra Online:

   • Listed on September 28, Yatra Online ended with a discount of more than 4 percent against the issue price of ₹142.

10. Cello World:

    • Household products and stationery manufacturer Cello World Ltd listed with a premium of over 28 percent against the issue price of ₹648, making its debut at ₹831 on the BSE.

As the year concludes, these IPOs have left a lasting impact on the market, showcasing the dynamic nature of investment opportunities in 2023. (With Agency inputs)