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Worst-performing SME IPOs 2023

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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.

Top 10 SME IPO Losers in 2023 by listing loss

IPO symbol Listing Date IPO Price Listing Gain LTP
Saroja Pharma Industries IPOSAROJA13-09-202384.0065(-22.62%)-(-100.00%)
Indong Tea Company IPO54376921-02-20232620.8(-20.00%)23.15(-10.96%)
Yasons Chemex Care IPOYCCL03-08-202340.0032.00(-20.00%)28.45(-28.88%)
Cosmic CRF IPO54392830-06-2023314251.20(-20.00%)1012.90(222.58%)
Vivaa Tradecom IPO54400212-10-202351.0040.80(-20.00%)35.00(-31.37%)
Kundan Edifice IPOKEL26-09-202391.0075(-17.58%)194.5(113.74%)

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Amanaya Ventures IPO54380409-03-20232320.10(-12.61%)-(-100.00%)
Spectrum Talent Management IPOSPECTSTM22-06-2023173155(-10.40%)94.35(-45.46%)
ITCONS E-Solutions IPO54380613-03-20235146.99(-7.86%)60.00(17.65%)
Aatmaj Healthcare IPOAATMAJ30-06-20236056.00(-6.67%)37.45(-37.58%)

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