September shall go down in history as one of the most remarkable months for the Indian equity market in 2023. The benchmark indices hit unprecedented highs as the NSE Nifty 50 crossed the 20,000 milestone and touched a fresh high of 20,222.45, while the Sensex achieved a remarkable feat of 67,927.23 on September 15, 2023. The month has also witnessed the opening of several IPOs and their subsequent listing on the bourses.
The market, however, witnessed a trend reversal as volatility hit its peak towards the end of the month, primarily due to the continued withdrawal of foreign investors from the Indian market. Nevertheless, the benchmark equity indices ended September’s last trading session with gains.
Among the other companies that have made their debuts on the exchanges, RR Kable has performed the best, as its share price surged 19.64% from its listing price of Rs 1,180 to Rs 1,413.70 to date. The other stocks that have done well include Jupiter LifeLine Hospitals, with its price surging 10.81% from its listing price of Rs 973 to Rs 1,078, Rishabh Instruments, with a surge of 9.86% from its listing price of Rs 406.05 to Rs 505.50, Sai Silks (Kalamandir), with a rise of 9.77% from its listing price of Rs 231 to Rs 253.70, and Signature Global, with a gain of 8.31% from its listing price to Rs 481.15 till date.
Here’s a look at some of the important IPOs that have made their debut on the bourses in September and their up-to-date performance;
Company NameListing dateListing Price (In INR)IPO Issue Price (In INR)Today’s Price (In INR)Vishnu Prakash R Punglia05-Sep-202316599173.35Ratnaveer Precision Engineering11-Sep-2023123.298114.75Rishabh Instruments11-Sep-2023460.05441505.50Jupiter Life Line Hospitals18-Sep-20239737351,078R R Kabel20-Sep-2023118010351,413.70EMS21-Sep-2023282211267.50Zaggle Prepaid Ocean Services22-Sep-2023164164200.60Samhi Hotels22-Sep-2023134.5126149.65Sai Silks (Kalamandir)27-Sep-2023231222253.70Signature Global (India)27-Sep-2023444385481.15Yatra Online28-Sep-2023127.5142136.70