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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 – 2023, 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 2023 that were listed with losses on the SME exchange.
IPO | symbol | Listing Date | IPO Price | Listing Gain | LTP |
---|---|---|---|---|---|
Saroja Pharma Industries IPO | SAROJA | 13-09-2023 | 84.00 | 65(-22.62%) | -(-100.00%) |
Indong Tea Company IPO | 543769 | 21-02-2023 | 26 | 20.8(-20.00%) | 23.15(-10.96%) |
Yasons Chemex Care IPO | YCCL | 03-08-2023 | 40.00 | 32.00(-20.00%) | 28.45(-28.88%) |
Cosmic CRF IPO | 543928 | 30-06-2023 | 314 | 251.20(-20.00%) | 1012.90(222.58%) |
Vivaa Tradecom IPO | 544002 | 12-10-2023 | 51.00 | 40.80(-20.00%) | 35.00(-31.37%) |
Kundan Edifice IPO | KEL | 26-09-2023 | 91.00 | 75(-17.58%) | 194.5(113.74%) |
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Amanaya Ventures IPO | 543804 | 09-03-2023 | 23 | 20.10(-12.61%) | -(-100.00%) |
Spectrum Talent Management IPO | SPECTSTM | 22-06-2023 | 173 | 155(-10.40%) | 94.35(-45.46%) |
ITCONS E-Solutions IPO | 543806 | 13-03-2023 | 51 | 46.99(-7.86%) | 60.00(17.65%) |
Aatmaj Healthcare IPO | AATMAJ | 30-06-2023 | 60 | 56.00(-6.67%) | 37.45(-37.58%) |