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Every year, many small and medium-sized companies go public. Some of them receive a good response from investors and are listed on the stock exchange at a profit, while others receive a muted response from investors, as a result, their shares may be listed at a price lower than the IPO offer price. The report provides a list of the 10 worst-performing SME IPOs in India – 2024, as measured by listing day losses.
The shares of these SMEs either listed at a discount to the IPO offer price or listed at a very marginal profit. SME shares may list at a loss for many reasons including poor growth prospectus, poor financial performance, negative market sentiment, etc.
The report includes a list of the top 10 SME IPO losers of 2024 that were listed with losses on the SME exchange.
IPO | symbol | Listing Date | IPO Price | Listing Gain | LTP |
---|---|---|---|---|---|
Zenith Drugs IPO | ZENITHDRUG | 27-02-2024 | 79.00 | 110.00(39.24%) | 65.75(-16.77%) |
Yash Optics & Lens IPO | YASHOPTICS | 08-04-2024 | 81.00 | 90.00(11.11%) | 99.05(22.28%) |
WTI Cabs IPO | WTICAB | 19-02-2024 | 147.00 | 195.00(32.65%) | 231.5(57.48%) |
Winsol Engineers IPO | WINSOL | 14-05-2024 | 75.00 | 365.00(386.67%) | 422.5(463.33%) |
Vruddhi Engineering Works IPO | 544157 | 03-04-2024 | 70.00 | 71(1.43%) | 227.40(224.86%) |
Vishwas Agri Seeds IPO | VISHWAS | 01-04-2024 | 86.00 | 85.00(-1.16%) | 87.1(1.28%) |
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Varyaa Creations IPO | 544168 | 30-04-2024 | 150.00 | 285.00(90.00%) | 141.20(-5.87%) |
V R Infraspace IPO | VR | 12-03-2024 | 85.00 | 90(5.88%) | 138.4(62.82%) |
Trust Fintech IPO | TRUST | 04-04-2024 | 101.00 | 143.25(41.83%) | 286.2(183.37%) |
Thaai Casting IPO | TCL | 23-02-2024 | 77.00 | 185.90(141.43%) | 199.95(159.68%) |