Year Ender 2023: From Tata Tech to JSW Infra, 10 IPOs That Grabbed Headlines

IPO in 2023

2023 was a rollercoaster year for the Indian stock market, but amidst the ups and downs, some Initial Public Offerings (IPOs) shone brightly, grabbing headlines and leaving investors with substantial returns. Lets rewind and celebrate 10 such stellar IPOs that rocked the Indian bourse this year

Tata Technologies (Nov 30, 2023

The first IPO from the Tata Group in two decades, Tata Technologies, created a buzz even before hitting the market. The issue was subscribed a staggering 69.43 times, and on listing, the shares soared 140% above the issue price, marking a spectacular debut.

Indian Renewable Energy Development Agency (IREDA) (Nov 29, 2023)

IREDAs IPO made a dream debut, ending its first day with a premium of 87.5% over the issue price. The stocks strong performance reflected investor confidence in the renewable energy sectors growth potential.

Netweb Technologies India (Jul 27, 2023)

This Delhi-based high-end computing solutions provider listed at a hefty 89.4% premium, showcasing the markets appetite for technology stocks. The companys strong financials and growth prospects attracted significant investor interest.

Senco Gold Ltd (Jul 14, 2023)

The gold retailers IPO saw a healthy subscription and listed at a 36.4% premium. Senco Golds established brand presence and growth plans in the ever-shining gold market resonated well with investors.

Vishnu Prakash R Punglia Ltd (Sep 5, 2023)

This multi-bagger stock listed at a 119.6% premium and continued its upward trajectory, rewarding investors handsomely. The companys diversified business model and strong financials were key factors driving its IPO success.

EMS Limited (Sep 21, 2023)

This engineering and construction companys IPO saw a robust subscription and listed at a 107% premium. EMS Limiteds strong order book and focus on infrastructure projects attracted investor interest.

JSW Infrastructure Ltd (Oct 3, 2023)

This infrastructure giants IPO opened amidst much anticipation and closed with a healthy subscription. The stock listed at a 14% premium, reflecting investor confidence in JSWs growth potential in the infrastructure sector.

Utkarsh Small Finance Bank (Jul 4, 2023)

This microfinance lenders IPO received an overwhelming response and listed at a 47% premium. Utkarshs strong financials and focus on serving the underserved segments attracted investor interest.

Yatra Online (Sep 28, 2023)

While the online travel companys IPO didnt see a stellar listing, it managed to stay afloat amidst a volatile market. Yatras strong brand presence and potential for recovery in the travel sector hold future promise.

Shriram City Union Finance Ltd (Nov 24, 2023)

This NBFCs IPO saw a decent subscription and listed at a 7% premium. Shriram City Union Finances focus on the affordable housing segment and strong regional presence were key factors driving investor interest.