Stock Market: These IPOs are raining money! Many have achieved 200-400% listings.

New Delhi. Initial public offerings of small and medium enterprises i.e. SME IPOs have yielded huge returns to investors in the recent past. Some recently listed SME IPOs have given investors 200-400 percent listing leverage. Strong returns on SME platforms reflect growing investor interest in the SME segment. The huge subscription received for the recent issue has also made it clear that these IPOs are no longer ‘untouchable’ for investors listed on the NSE SME and BSE Emerging platforms.

Winsol Engineers, Refractory Shapes and Energy Mission Machinery, which listed last week, got IPO investors with the kind of listing that most investors probably didn’t expect. Shares of Winsol Engineers were listed on the SME platform on May 14 and investors benefited from the listing by 411 percent. Winsol Engineers had a good start and its shares were listed on NSE Emerge at Rs 365 against the issue price of Rs 75, making a profit of over 5 times. Shares in Refractory Shapes listed at a premium of 114 percent, while Energy Mission Machinery’s IPO gave investors a 178 percent listing gain on May 16 listing day.

Also read: If you want to play long in the field of investment, invest here, earn 65 lakhs from one rupee, 21% profit every year

Why is attraction increasing?
According to a report in Hindu Business Line, Neville Savjani, Director, Beeline Capital Advisors, says that investor attraction towards SME IPOs is increasing. The outstanding subscription received by the recent SME issue is an example of this. He said that the success of IPOs on SME platforms is mainly due to attractive pricing compared to the main boards of good companies. With the help of favorable government policies, MSME companies are raising fresh capital to meet the growing demand due to the Make in India campaign.

Investors in these SME IPOs became proud.
Many of the SME IPO issues listed so far this year have offered investors gains on listing ranging from 200 percent to 411 percent. The Winsol Engineers IPO, which launched on May 14 this year, gained 411 percent. The KC Energy and Infra IPO was listed at a premium of 343 percent. Money invested in the Maxposer IPO earned a 317 percent return on the day of listing.

The previous Flexipack SME IPO, which listed on March 5, gave investors a return of 248 percent on listing, while Asconet Technologies’ return was 228 percent. Shares in Constelac Engineers were listed at a premium of 215 percent. Oasis Metal & Minerals gave a listing gain of 202%, Alpex Solar gave a listing gain of 200% and Phonebox Retail IPO also gave a listing gain of 200%.

(Disclaimer: The information given here is based on the performance of IPOs. As investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi will not be liable for any damages caused to you.)

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