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10 Worst IPOs of 2023

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Whether an IPO debuts at a profit or loss on listing depends on how well investors receive it. IPOs with strong investor buying interest are usually listed at a premium, while IPOs with low investor demand may be listed at a loss. This report contains the 10 worst-performing or least successful IPOs of 2023 which were listed at a loss or listed at a very marginal gain.

Below are the 10 biggest IPO losers of 2023 with listing day losses. The IPOs of these companies were listed at a price below the offer price.

10 worst-performing IPOs 2023 with loss on listing

IPO symbol Listing Date IPO Price Listing Gain LTP
Udayshivakumar Infra IPOUSK,54386103-04-20233530.00(-14.29%)48.6(38.86%)
Yatra Online IPOYATRA,54399228-09-2023142.00127.50(-10.21%)145(2.11%)
Suraj Estate Developers IPOSURAJEST,54405426-12-2023360.00340(-5.56%)397.9(10.53%)
IRM Energy IPOIRMENERGY,54400426-10-2023505.00477.25(-5.50%)531.5(5.25%)
Muthoot Microfin IPOMUTHOOTMF,54405526-12-2023291.00275.30(-5.40%)242.05(-16.82%)
Updater Services IPOUDS,54399604-10-2023300.00285(-5.00%)304.95(1.65%)

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Fedbank Financial Services IPOFEDFINA,54402730-11-2023140.00137.75(-1.61%)128.35(-8.32%)
Avalon Technologies IPOAVALON,54389618-04-2023436436.00(0.00%)507.05(16.30%)
Protean eGov Technologies IPO54402113-11-2023792.00792(0.00%)1279.75(61.58%)
Manoj Vaibhav Gems IPOMVGJL,54399503-10-2023215.00215(0.00%)246.95(14.86%)

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