Performance of SME IPOs in 2022
Tuesday, Mar 19, 2024
Initial public offerings (IPOs) from companies listed on the main board of the stock exchange decreased by 50% in 2022 compared to the previous year. The number of Small and Medium Enterprises (SME) IPOs increased by 92.6% this year, making them the biggest winners. There were 27 IPOs listed on the BSE last year. The number increased to 52 this year.In comparison to the 54 SME IPOs that raised Rs.759 crores in 2021, 112 SME IPOs raised a total of Rs.1950 crore.
The demand for SME IPOs was mostly driven by retail and high-net-worth investors, who were drawn in by the prospect of multi-bagger listing returns.Rachana Infrastructure had the largest SME IPO, with an issue size of Rs.76.28 crores. Olatech Solutions had the smallest SME IPO, with Rs.1.89 crores issue size.
Top five SME IPOs in 2022 with the highest subscriptions
|
Companies |
Subscription Status |
Date of Listing |
Issue Price |
Listing Gains |
Current Market Price(CMP) as on Jan 9, 2023 |
|
Olatech Solutions Limited |
598 times |
29 Aug 2022 |
Rs.27 |
90% |
Rs.89.45 |
|
Arham Technologies Limited |
450 times |
15 Dec 2022 |
RS.42 |
43% |
Rs.73 |
|
Baheti Recycling Industries Limited |
347 times |
8 Dec 2022 |
Rs.45 |
166% |
Rs.123.6 |
|
AMBO Agritec Limited |
336 times |
2 Dec 2022 |
Rs.30 |
33% |
Rs.35.2 |
|
Veekayam Fashion and Apparels Limited |
301 times |
22 Aug 2022 |
Rs.28 |
78% |
Rs.34.85 |
Droneacharya Aerial Innovations Limited provides a high-end ecosystem of Drone solutions that opened for allotment on Dec 13, 2022, its issue price was Rs.54 and it got listed at Rs.102 giving its subscribers an 88% listing gain. Similarly, Annapurna Swadisht Limited, a manufacturer of snacks and food goods with headquarters in Kolkata, received 190.49 times as many subscriptions and later gave an 80% premium to the investors. Its issue price band was Rs.68 – Rs.70 and it opened at Rs.120 on Sep 27, 2022, currently, its price as on Jan 9, 2023, is Rs.136.
Top SME IPO gainers in 2022 were
- Rhetan TMT Limited: In September 2022, the IPO was launched at an issue price of Rs.70 on the BSE SME exchange. The price of the stock has increased by 555.7% thus far. As on Jan 9, 2023, on BSE, its shares were trading for Rs.459 rupees.
- Jayant Infratech Limited: It was listed on the BSE SME Exchange in July 2022 with an issue price of Rs.67. The price of the company's stock has grown by 546.2% thus far. Its CMP, or current market price, as on Jan 9, 2023, is Rs.433.50.
- Concord Control Systems Limited: To date, the price of the SME stock has increased by 336%. The company had an issue price of Rs.55. On Jan 9, 2023, it had a CMP of Rs.240 on the BSE SME Exchange.
- Maruti Interiors Products Limited: Its IPO took place in February 2022 at an issue price ofRs.55. The IPO has grown by 205% so far. On Jan 9, 2023, its CMP on the BSE SME exchange was RS.168.70.
- Goel Food Products Limited: In June 2022, the company's initial public offering (IPO) was priced at Rs.72. It has now increased by 136% to date. On Jan 5, 2023, shares of Goel Food Products were trading at Rs.170.50 on the BSE SME Exchange.
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