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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 |
---|---|---|---|---|---|
Ramdevbaba Solvent IPO | RBS | 23-04-2024 | 85.00 | 112.00(31.76%) | 99.7(17.29%) |
Yash Optics & Lens IPO | YASHOPTICS | 08-04-2024 | 81.00 | 90.00(11.11%) | 99.05(22.28%) |
Maxposure IPO | MAXPOSURE | 23-01-2024 | 33.00 | 145(339.39%) | 98(196.97%) |
Amkay Products IPO | 544169 | 08-05-2024 | 55.00 | 104.50(90.00%) | 98.55(79.18%) |
Chatha Foods IPO | 544151 | 27-03-2024 | 56.00 | 73.00(30.36%) | 98.50(75.89%) |
Kaushalya Logistics IPO | KLL | 08-01-2024 | 75.00 | 100(33.33%) | 96.35(28.47%) |
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Akanksha Power and Infrastructure IPO | AKANKSHA | 03-01-2024 | 55.00 | 62(12.73%) | 92(67.27%) |
Aspire & Innovative IPO | ASPIRE | 03-04-2024 | 54.00 | 56.50(4.63%) | 92.7(71.67%) |
Slone Infosystems IPO | SLONE | 10-05-2024 | 79.00 | 118.50(50.00%) | 91.8(16.20%) |
Sai Swami Metals & Alloys IPO | 544170 | 08-05-2024 | 60.00 | 114.00(90.00%) | 88.01(46.68%) |