IPOs generally gain popularity due to a company's efforts to create more awareness surrounding its move to go public. But IPOs offer several advantages as well. Investors tend to buy shares during an IPO due to benefits such as transparency, affordability, potentially high returns, to name a few.
As is the trend several companies in India went public in the year 2023 to attract investors and more capital investment. In this blog, we will take a look at the top-performing IPOs and the facts & figures around them. But first, let’s understand what an IPO is.
What Is An IPO?
A private company issues shares to investors outside the organization by going public to raise more capital. This is known as an Initial Public Offering that is commonly referred to as an IPO. Once the company goes public, it is listed on the stock exchange.
List Top 7 Performing IPOs of 2023
Sr. No
IPO
Offer Date
Issue Price
Returns %
Current Share Price
Sector
1.
IndiaMART InterMESH Limited
04-07-2019
973
411.82
4985.95
E-commerce
2.
IRCTC Limited
14-10-2019
320
328.55
1371.35
Govt. Travel/Ticketing Operations
3.
Xelpmoc Design and Tech Limited
04-02-2019
66
298.41
262.95
Technology
4.
Affle (India) Limited
08-08-2019
745
281.85
2844.8
Technology
5.
Neogen Chemicals Limited
08-05-2019
215
184.12
610.85
Chemicals company
6.
Metropolis Healthcare Limited
15-04-2019
880
114.91
1891.2
Healthcare
7.
Vishwaraj Sugar Industries Ltd
15-10-2019
60
91.5
114.9
Consumer Goods
Should You Invest In An IPO?
While IPOs offer the prime benefit of staying ahead of the curve and buying cheap, there is a considerable risk involved if you’re heading into these investments without thorough research.
For starters, you might not get the exact number of shares that you initially hoped for. Apart from that, negative media attention can cause the value & credibility of the IPO to plummet.
If you are looking for investment options that can create wealth for you, speak to a wealth coach to know more about mutual funds, US stocks, alternative assets, and more that might be suitable for your financial goals & needs.
Wondering how you can invest in the best Indian Stocks?
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