IPO Listings Today: Shares of Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services had been on Thursday listed on the BSE and the NSE. While the primary two IPOs have given blockbuster returns to traders as much as 140 per cent; the third one, Fedbank, witnessed a muted itemizing at a reduction.
Apart from these, Rockingdeals Circular Economy SME IPO was additionally listed on Thursday on the NSE SME, posting a whopping 115 per cent itemizing achieve.
Tata Technologies posted 140 per cent itemizing features as in comparison with its IPO itemizing worth, Gandhar Oil Refinery posts 75 per cent revenue, and Rockingdeals Circular SME IPO information 115 per cent achieve. Here’s what Experts recommend now:
Tata Technologies IPO: What Do Analysts Suggest?
Tata Technologies’ shares had been listed at Rs 1,200, a premium of 140 per cent, over its concern worth Rs 500 on the NSE. They had been listed at a premium of 140 per cent at Rs 1199.95 towards the identical concern worth on the BSE.
Shivani Nyati, head of wealth at Swastika Investmart Ltd, stated, “Tata Technologies, a global leader in engineering services, made its much-anticipated stock market debut today, listing at an impressive blockbuster premium of 140 per cent over its IPO price of Rs 500 per share.”
She stated the overwhelming response to the IPO was evident in its staggering oversubscription of 69.43 occasions. This sturdy investor curiosity displays the corporate’s robust fundamentals and promising progress prospects and naturally the legacy of the Tata group. (*1*)
Gandhar Oil Refinery IPO: What Do Analysts Suggest?
Gandhar Oil Refinery (India) Ltd’s shares had been listed at Rs 295.40 apiece on the BSE, which was 75 per cent increased than its concern worth of Rs 169. The shares had been listed at Rs 298 on the NSE.
Prashanth Tapse, senior VP (analysis) at Mehta Equities Ltd, stated, (*3*)
Post itemizing, the valuation hole has narrowed to Gandhar friends and, therefore, we anticipate restricted upside from the present ranges. “We recommended allotted investors to book listing day profits, which is over and above our expectations,” he stated.
Fedbank Financial Services IPO: What Do Analysts Suggest?
Fedbank Financial Services’ shares had been on Thursday listed at a reduction of Rs 2.25 or 1.60 per cent at Rs 137 on the BSE towards the problem worth of Rs 140. However, Fedbank Financial Services’ shares later recovered and had been buying and selling within the inexperienced with 5 per cent features through the early commerce.
Shivani Nyati, head of wealth at Swastika Investmart, stated, “The only disappointing debut on the stock markets today was of Fedbank Finacial services. It got listed at Rs 138 per share, which was almost a flat listing over its IPO price of Rs 140.”
She stated the lacklustre itemizing was in step with the pre-itemizing sentiment, which was dampened by a weak gray market premium and a comparatively tepid investor response.
“Given this subdued listing, we recommend a neutral stance on Fedbank Financial Services Limited,” Nyati added.
Fedbank Financial Services IPO, which was opened for public subscription between November 22 and November 24, acquired a 2.24 occasions subscription. The worth vary for the supply stood at Rs 133-140 a share.
Rockingdeals Circular SME IPO
B2B re-commerce firm Rockingdeals Circular Economy Ltd additionally made a stellar inventory market debut, with its shares posting practically 115 per cent itemizing features on the NSE SME. The firm’s shares, which listed at Rs 300 per share on the NSE SME on Thursday as towards the IPO concern worth of 140, rose additional through the early commerce.
So, among the many 4 IPOs that had been listed at the moment, Fedbank Financial Services IPO was the one disappointing debut on the inventory markets.
