Tata's IPO Star Of November; 10 IPOs Went Public, Highest In A Month YTD; ESAF Most Subscribed Offer

November 2023 witnessed a flood of IPOs, the most in 2023. A total of 10 public offers were listed in November, out of which 9 debuted at a premium against its IPO price band. In November, Tata Group-backed first IPO since TCS in 2004, emerged as the star performer in November in a matter of 1 day. Meanwhile, ESAF Small Finance Bank was the most subscribed IPO. As per BSE data, about 48 companies went public year-to-date at the mainboard, while there were 54 SME IPOs as well.

1. Blue Jet Healthcare Limited:

The pharma company listed on November 1st, at a premium of 4% to Rs 359.90 apiece on BSE against the IPO price of Rs 346 apiece. On the listing day, the stock gained by Rs 49.85. After its debut, the stock touched a 52-week high and low of Rs 433.25 apiece and Rs 344.90 apiece respectively.

However, currently, the stock is near its 52-week low level. On December 1, the stock ended at Rs 347.70 apiece, down by 3.30% on BSE. From the IPO price level, the stock is trading broadly flat.

The IPO was available from October 25th to 27th and was fully subscribed 7.95 times.

2. Cello World Limited:

Cello World made a robust listing on November 6th at a premium of 28.2% to RS 831 apiece on BSE against the IPO price of Rs 648 apiece. On the same day, the IPO rose to hit a 52-week high of Rs 834.70 apiece.

But on December 1st, the stock erased its Rs 800 mark and ended at Rs 795.70 apiece, down by 1.16% on BSE. Nevertheless, the stock is still trading higher by 23% from its IPO price.

Cello IPO opened on October 30th and ended on November 1st. It subscribed by 41.69 times.

3. Honasa Consumer Limited:

Honasa Consumer aka Mamaearth listed on a flat note on November 7th against its IPO issue price of Rs 324 apiece. The stock rallied to hit a new 52-week high and low of Rs 487 apiece and Rs 256.10 apiece last month. However, on December 1st, the stock ended at Rs 399.65 apiece, down by 3.36% on BSE.

From its issue price, the stock is currently up by 23% on BSE.

The IPO which was launched between October 31st to November 2nd, subscribed by 7.61 times.

4. ESAF Small Finance Bank Ltd:

Latest to join the wagon of small finance banks, ESAF listed on November 10th at a healthy premium of 20% to Rs 71.90 apiece on BSE against its IPO price of Rs 60 apiece. However, the stock in recent times has corrected sharply and neared its 52-week low on December 1st.

Last week, the stock ended at Rs 67.77 apiece on BSE after market hours on Friday. From its IPO price, this would be just a 13% upside currently.

The stock's 52-week high and low is at Rs 74.70 apiece and Rs 67.50 apiece respectively.

ESAF's IPO was launched between November 3rd to 7th, and oversubscribed by a massive 77 times.

5. Protean eGov Technologies Limited:

This IT-enabled services company listed on November 13th, however, with neither discount nor premium against the IPO price. On the debut day, the stock opened at Rs 792 apiece and closed higher by Rs 91 to Rs 883 apiece.

Since then, the stock has rallied remarkably and on December 1st touched a new 52-week high of Rs 1,247 apiece before ending at Rs 1,175.50 apiece. From its IPO issue price of Rs 792 apiece, the stock has zoomed by 48.4% on BSE.

The IPO opened from November 6th to 8th and oversubscribed by 23.86 times on the final day.

6. ASK Automotive Limited:

Auto components and equipment manufacturer, ASK listed on November 15th at a premium of 8.12% on BSE to Rs 304.90 apiece, against the IPO price of Rs 282 apiece. The stock zoomed to hit a new 52-week high and low of Rs 319.90 apiece and Rs 290 apiece respectively thereafter.

But currently, the stock is trading closely near its 1-year low. On BSE, the stock ended at Rs 295.75 apiece, broadly flat on December 1st. From its IPO price, the stock is just up by nearly 5%.

The IPO was available from November 7th to 9th and oversubscribed by 51.14 times.

7. Indian Renewable Energy Development Agency (IREDA):

IREDA listed on November 29th at a premium of 56% from its IPO price of Rs 32 apiece to Rs 50 on BSE. IREDA picked up swiftly to hit a new 52-week high and low of Rs 68.91 apiece and Rs 49.99 apiece respectively.

On December 1st, the stock ended at Rs 62.75 apiece down by 3.9% on BSE. But from its IPO price level, the stock has gained over 96% as of now.

IREDA IPO opened on November 21st and closed on November 23rd. The public offer oversubscribed by 38.80 times.

8. Gandhar Oil Refinery (India) Limited:

Gandhar is among the latest to debut on the market brouses. The stock was listed at a 75% premium on November 30th against its IPO price of Rs 169 per share. However, in a matter of two days, the stock has corrected significantly. On the listing day, the stock touched a high of Rs 344.60 apiece, however, on December 1st it slipped to hit a new 1-year low of Rs 277.45 apiece.

Nevertheless, from its issue price, the stock is still up by nearly 66%.

The IPO which opened from November 22nd to 24th, garnered bids totalling Rs 23,000 crore over the three-day subscription period, demonstrating a subscription rate of 65 times.

9. Tata Technologies Limited:

This Tata Group stock is the first in 19 years since TCS went public in 2004. On November 30th, Tata Technologies was listed at a premium of 139.99% on BSE. On the listing date, the stock touched a new 52-week high of Rs 1,400 on both exchanges, registering an upside of a massive 180% from its IPO issue price of Rs 500.

However, on December 1st, the stock witnessed some pullback as investors cashed in profits and ended at Rs 1220.20 apiece down by 7.16%.

But that did not stop Tata Tech from emerging as a multi-bagger IT stock. Tata Tech is still currently up by 144.04% from its IPO price.

Tata Tech's IPO oversubscribed by 69.43 times with bids of 312.65 crore equity shares against its offered size. At the upper price band, the bids received are worth over Rs 1.56 lakh crore. The IPO was available from November 22nd to 24th.

10. Fedbank Financial Services Limited:

This would be the first stock to list at a discount compared to other IPOs that went public in November. FedFina debuted at 1.61% lower to Rs 138 apiece on BSE against its IPO price of Rs 140.

FedFina IPO opened for subscription on November 22 and concluded on November 24. The issue was subscribed 2.2 times on the final day.

The stock touched a 52-week high and low of Rs 148 apiece and Rs 133.15 apiece respectively on the listing day. However, on December 1st, the stock ended at Rs 142.50 apiece, up by 1.79% on BSE. From the IPO price, the stock is up nearly 2%.

Disclaimer:

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