IPO Performance Dec 2024: One Mobikwik, Vishal Megamart & More

When IPOs are announced, the anticipation builds as investors gauge the potential returns. Some IPOs make a remarkable debut, while others witness a more subdued start. This analysis explores the performance of recently listed IPOs, focusing on their stock price trends over the past few days of their listing. 

IPO Stock Performance Overview

The recently listed IPO performance of companies such as One Mobikwik, Vishal Megamart, Sai Life Sciences, Inventurus Knowledge Solutions, and International Gemmological Institute has been diverse. Each stock’s journey reflects varying levels of demand, and market sentiment. Let’s look at all the recently listed IPO performances to understand better.

One Mobikwik IPO Performance

• Listing Date: December 18, 2024
• Initial Price: ₹442.25 (Listed at 58.51% premium on the BSE) 
• Current Price: ₹622.95 (up by 40.85% over the listing price)

Market Reaction: One Mobikwik Systems debuted on December 18, 2024, listing at Rs 442.25 on the BSE, a 58.51% premium over its IPO allotment price of ₹279. Similarly, on the NSE, the stock listed at ₹440, marking a 57.70% premium. As of December 27, One Mobikwik share price closed at ₹622.95 on NSE losing around 2.46% during the day. In the past five days, it has gained 12.30%, showing robust investor interest.

Vishal Megamart IPO Performance

• Listing Date: December 18, 2024
• Initial Price: ₹110 (Listed at 41% premium on the BSE) 
• Current Price: ₹105.50 (down by 4.09% over the listing price)

Market Reaction: Vishal Mega Mart listed on the BSE at ₹110, a 41% premium over the IPO price of ₹78, while on the NSE, the shares opened at ₹104, a 33.33% premium. However, the stock has seen minor corrections and currently trades at ₹105.50, reflecting a 4.09% decline from its listing price. Over the past five days, Vishal Megamart share price has decreased marginally by 0.84%. 

Sai Life Sciences IPO Performance

• Listing Date: December 18, 2024
• Initial Price: ₹660 (Listed at 20.2% premium on the BSE)
• Current Price: ₹724.50 (up by 9.77% over the listing price)

Market Reaction: Sai Life Sciences debuted on the stock exchange at ₹660 on the BSE, a premium of 20.2% over the issue price of ₹549. On the NSE,  Sai Life Sciences share price was ₹650, marking an 18.3% premium. Currently trading at ₹724.50, the stock has risen by 9.77% from its listing price. Over the past five days, it recorded a slight gain of 1.41%.

Inventurus Knowledge Solutions IPO Performance

• Listing Date: December 19, 2024
• Initial Price: ₹1,856 (Listed at 39.65% premium on the BSE) 
• Current Price: ₹2,007.10 (up by 5.64% over the listing price)

Market Reaction: Inventurus Knowledge Solutions made an impressive debut, listing at a 43% premium over its issue price of ₹1,329 on the NSE. The shares opened at ₹1,900, while on the BSE, the stock listed at ₹ 1,856, a 39.65% premium. As of December 27, the Inventurus Knowledge shares closed at ₹2,007.10 on NSE losing around 6.46% during the day. Over the past five days, it has dipped by 2.46%. 

International Gemmological Institute IPO Performance

• Listing Date: December 20, 2024
• Initial Price: ₹505 (Listed at 21.1% premium on the BSE) 
• Current Price: ₹580.20 (up by 14.90% over the listing price)

Market Reaction: The shares of International Gemmological Institute (India) recently listed on the stock exchanges on Friday, December 20. On BSE, shares opened with a 21.1% premium over their issue price of ₹417. The stock was listed at ₹510 on the NSE. As of December 27, the stock closed at ₹580.20 on NSE almost around its yesterday's close. Over the past 5 days, the stock has gained ₹70.20, or increasing by 13.76%. 

Comparison and Trends

The performance of recently listed IPOs reveals an interesting mix of trends and patterns. One Mobikwik and International Gemmological Institute displayed positive performance, showcasing substantial post-listing gains that may reflect strong investor confidence and sectoral potential. In contrast, Sai Life Sciences and Inventurus Knowledge Solutions displayed moderate growth. Vishal Megamart, however, struggled to sustain its initial momentum which may highlight potential challenges within its sector or investor sentiment.

In general, IPOs that enter the market with robust demand and clear growth trajectories sustain momentum better. Factors such as sectoral performance, macroeconomic conditions, and investor sentiment significantly influence these outcomes. 

Conclusion

The recently listed IPO performance highlights the need for careful analysis before making investment decisions. While some IPOs delivered impressive returns, others showed limited growth or faced downward pressure. This variability emphasizes the importance of understanding company fundamentals, sectoral trends, and broader market conditions. By staying informed and analyzing the evolving trends, investors can better navigate opportunities and challenges presented by new IPOs. Investors should always conduct thorough research and market analysis before investing.