8 Recent IPO Stocks Defying Broader Market Trend; Trading Higher By Upto 52% Over Issue Price

While the new age tech firms going by the sell-off in US tech stocks have slipped to record lows, there are some of the recently listed IPO stocks which have gone against the overall trend even as the overall primary market momentum has come to a standstill in the wake of sharp sell off globally due to Ukraine-Russia crisis and inflation.

Adani Wilmar:

This is the seventh company from the Adani Group which listed on February 8,2022 itself at a discount to the issue price of Rs. 230. The stock currently trades at a price of Rs. 342.80. As per the company's MD higher edible oil prices have increased the company's turnover. Furthermore a looming threat of supply shortage of sunflower oil amid the ongoing Ukraine-Russia conflict has helped the company make such substantial gains since listing in just a month's time.

Supriya Lifescience:

This pharmaceutical drug company also made a recent debut in December at a price of Rs. 425, a premium to the issue price. The company meanwhile has hit a high price of Rs. 601.9. Further to be acknowledged FII holding in the scrip is at a good over 10%.

Based out of Mumbai, the company is an established player in API manufacturing with focus in therapeutic areas including Anti-Histamine, Anti-Allergics, Vitamins, Anaesthetics, Anti- Asthmatics etc.

In the recently concluded December quarter, the firm provided that its profit fell by 32% sequentially. But YoY there was a rise registered both in respect of revenue and profits.

CMS Info Systems:

This was indeed the last company to list in 2021. Into the cash management, the company came up with Rs. 1100 crore IPO. In the December quarter, the firm posted reasonable gains in profit after tax of Rs. 66.27 crore.

HP Adhesives:

The diversified chemicals company also made its way to the Indian bourses in December 2021. FIIs have again betted on this stock in the December quarter. The company is a adhesives and sealants company. The company is now among the most reputed brand in plumbing adhesives.The company's products find applications in various industries.

 

Data Patterns:

The aerospace and defence counter is down from its listing price but still in the meltdown managed to trade above its IPO issue price. The company is a vertically integrated Defence and Aerospace electronics solutions provider catering to the indigenously developed defence products industry. Amid the current turmoil, defence players in India are set to be a beneficiary giving the rising expenditure on the same globally.

MedPlus Health:

This company has a strong distribution network and is an omnichannel pharma company. The company has a strong presence in Southern and Eastern India. Also, the company lately announced the launch of its first diagnostic centre in Hyderabad. There are seen good prospects for the company and scrip going ahead.

 

Metro Brands:

This premium footwear brand scrip is only marginally higher against the IPO issue price. The company for the Fy 22 announced interim dividend of Rs. 1.5 per share for which the stock shall turn ex-dividend on March 16, 2022.Also, after its first earnings released post listing, the firm's scrip galloped.

CE Info Systems:

This company with a unique business model is up in share price in comparison to the IPO issue price but below its listing price. Also known by MapMy India the firm is into technology offering and provides digital map data, telematics services, location-based SaaS and GIS AI technologies.

 

Recent IPO stock	Issue price	Listing price on BSE	Current price as on closing of March 8, 2022	Gains from issue price
Adani Wilmar	Rs. 230	Rs. 221	Rs. 342.8	49.00%
Supriya Lifescience	Rs. 274	Rs. 425	Rs. 418.4	52.40%
CMS Info Systems	Rs. 216	Rs. 218.5	Rs. 238.35	10.00%
HP Adhesives	Rs. 274	Rs. 319	Rs. 368	34.30%
Data Patterns	Rs. 585	Rs. 864	Rs. 643.85	10.00%
MedPlus Health	Rs. 796	Rs. 1015	Rs. 957.5	20.30%
Metro Brands	Rs. 500	Rs. 436	Rs. 520	4.00%
CE Info Systems	Rs. 1033	Rs. 1581	Rs. 1418.2	37.30%

Conclusion:

While the primary market activity has come to a halt because of the sharp sell off markets witnessed due to the geo-political spark, the run up if any as for a few stocks can be attributed to stock specific action and their individual industry prospects.