5 IPOs Of 2023 That Had A Muted Stock Market Debut

The IPO response this year was buoyed by strong listing performance of several companies. However, there were a couple of IPOs that did not meet much expectation this year. As 2023 is going to end in just few days, here's looking at 5 IPOs that had a tepid or lukewarm stock market listing.

Shares of Muthoot Microfin IPO made its stock market debut on 26 December 2023. Making a very lukewarm market debut, the stock of Muthoot Microfin listed at Rs 275.30, at a discount of 5.40 percent on NSE and Rs 278, at a discount of 4.46 percent on BSE. The price band for the issue was fixed at Rs 277 to Rs 291 per share.

Shares of City gas distribution company, IRM Energy IPO made its stock market debut on 26 October 2023. Making a very tepid market debut, the stock of IRM Energy listed at Rs 479, at a discount of 5.15 percent on BSE and Rs 477.25, at a discount of 5.50 percent on NSE. The price band for the issue was fixed at Rs 480-505 per share.

Shares of Integrated Facilities Management company, Updater Services IPO made its stock market debut on 04 October 2023. Making a very slow market debut, the stock of Updater Services listed at Rs 299.90, i.e. at a discount of 0.03 percent on BSE and Rs 285, at a discount of 5 percent on NSE. The price band for the issue was fixed at Rs 280 to Rs 300 per share.

Shares of Indian Electronic Manufacturing Services (EMS) company, Avalon Technologies IPO made its stock market debut on 24 August 2023. Making a very lukewarm market debut, the stock of Avalon Technologies listed at Rs 431 apiece, marking a discount of 1.1 per cent to the issue price. The price band for the issue was fixed at Rs 415-436 per share.

Shares of Karnataka-based road construction company Udayshivakumar Infra IPO made its stock market debut on 3rd April 2023. Making a muted market debut, the stock of Udayshivakumar Infra listed at Rs 35 per share on BSE, the upper end of the price range of its IPO. The price band for the issue was fixed at Rs 33-35 per share.