Two IPOs Make Stellar Debut on NSE, Shares Surge Over 10%

IPOs List on NSE Today: Shares Surge Up to 12%

Two companies, Vishnusurya Projects and Infra and Kontor Space, listed on the National Stock Exchange (NSE) of India on October 10, 2023.

Vishnusurya Projects and Infra shares opened at ₹102.50 per share, a premium of 5% over its issue price of ₹97.50. The shares closed at ₹105.75, up 8.5%.

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Kontor Space shares opened at ₹115 per share, a premium of 10% over its issue price of ₹105. The shares closed at ₹117.50, up 12%.

Both companies received a strong response from investors during their IPOs. Vishnusurya Projects and Infra’s IPO was oversubscribed by 1.5 times, while Kontor Space’s IPO was oversubscribed by 2 times.

The listing of these two companies is a positive sign for the Indian IPO market. This year has seen a number of successful IPOs, including LIC, Delhivery, and Zomato. The strong investor response to these IPOs suggests that there is a lot of appetite for new listings in the Indian market.

Analysts’ Views

Analysts are generally positive on the outlook for both companies. Vishnusurya Projects and Infra is well-positioned to benefit from the government’s focus on infrastructure development. Kontor Space is also well-positioned to benefit from the growing demand for office space in India.

However, analysts also caution that investors should carefully consider the risks involved before investing in IPOs. IPOs are typically priced at a premium to the company’s intrinsic value, and there is always the risk that the company’s share price will fall below its issue price after listing.

Upcoming IPO October 2023

Here are some of the upcoming IPOs in October 2023:

  • JSW Infrastructure: A subsidiary of JSW Steel, one of India’s largest steel producers. The company is involved in a variety of infrastructure projects, including roads, bridges, and ports.
  • Updater Services: A technology company that provides real estate closing and moving services.
  • Saakshi Medtech & Panels: A medical device company that manufactures and distributes a variety of medical products, including X-ray machines and ultrasound equipment.
  • Tata Technologies: A leading service provider in diverse verticals, including engineering, designing, Information Technology (IT), and product lifecycle management.
  • EbixCash Limited: One of India’s biggest IPOs in 2023, offering new-age technology services through an integrated business model for B2C and B2B segments.
  • Balaji Specialty Chemicals: A niche chemical manufacturing company with a significant market share.
  • SPC Life Sciences: A pharmaceutical company that manufactures and markets active pharmaceutical ingredients (APIs) and finished dosage forms (FDFs).
  • ESDS Software: A software company that provides cloud computing, data center, and managed services.

Please note that this is not an exhaustive list and there may be other IPOs announced in October 2023. It is also important to note that IPOs are risky investments and you should always do your own research before investing.

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