IREDA To Tata Technologies: Here Are The Top 10 IPOs Of 2023

Let’s take a look at the top 10 IPOs of the 2023 calendar year based on their returns to the investors, as of December 15, 2023, on the BSE

The Indian stock market is looking set to end 2023 with cheers as the benchmark BSE Sensex crossed the record high 70,000-mark for the first time last week. Additionally, the strong performance of the initial public offerings (IPOs) launched this year has made the equity market a lucrative avenue and attracted new players to invest. 

Notably, the first half of the current fiscal year saw a record 31 IPOs, while the remaining six months of the 2023-24 fiscal year expect 28 issues to be launched, based on figures given by primedatabase in October 2023.  Not only has the stock market seen a frenzy of IPOs in the year, investors have also shown time and again their love for the issues with robust subscription numbers. As such, many IPOs have performed brilliantly in the year, with some giving returns of over 100 per cent to the investors.

Let's take a look at the top 10 IPOs of the 2023 calendar year based on their returns to the investors, as of December 15, 2023, on the BSE.

IREDA

The Indian Renewable Energy Development Agency Ltd, (IREDA) a government-run firm, listed in the stock market on November 29, 2023. The company's IPO was introduced at an issue price of Rs 32 apiece, while the current market price of the stock stood at Rs 108.19 per share, giving a return of 238 per cent for the investors, and becoming the best-performing IPO debuted this year so far.

Netweb Tech

Netweb Technologies India Ltd debuted in the stock market on July 27, 2023. The company opened its fresh issue for bidding at Rs 500 per share and was trading at Rs 1,289.05 apiece, giving the investors a robust return of more than 150 per cent. 

Tata Tech

Tata Technologies Ltd remained one of the most popular IPOs to debut in 2023. The firm listed in the stock market on November 30, 2023. The stock settled at Rs 1,242.25 on December 15, 2023, against the issue price of Rs 500, indicating a return of almost 150 per cent for the investors. 

Cyient DLM

Cyient DLM Ltd entered the stock market on July 10, 2023. The firm started accepting bids for the IPO at Rs 265 per share. As of December 15, 2023, the stock stood at Rs 651 apiece, translating into returns of 145.6 per cent for the investors. 

Senco Gold

Senco Gold Ltd debuted in the stock market on July 14, 2023. The firm opened its IPO for subscription at the issue price of Rs 317 per share and stood at Rs 749.35 apiece, as on Friday, giving a return of over 130 per cent for the investors. 

Name	Listing Date	Issue Price	Market Price	Returns
IREDA	November 29, 2023	Rs 32	Rs 108.19	238%
Netweb Tech	July 27, 2023	Rs 500	Rs 1,289.05	157.8%
Cyient DLM Ltd	July 10, 2023	Rs 265	Rs 651	145.6%
Tata Technologies	November 30, 2023	Rs 500	Rs 1,242.25	148.5%
Senco Gold	July 14, 2023	Rs 317	Rs 749.35	136.4%
Vishnu Prakash R Punglia	September 5, 2023	Rs 99	Rs 217.45	119.6%
EMS Limited	September 21, 2023	Rs 211	Rs 436.85	107%
Signatureglobal	September 27, 2023	Rs 385	Rs 796.15	106.8%
Utkarsh Small Finance Bank Ltd	July 21, 2023	Rs 25	Rs 51.39	105.5%
JSW Infrastructure	October 3, 2023	Rs 119	Rs 231.45	94.5%

Vishnu Prakash R Punglia

Vishnu Prakash R Punglia Ltd started accepting bids for the fresh issue at Rs 99 per share and listed in the stock market on September 5, 2023. As of December 15, 2023, the stock settled at Rs 217.45, indicating a return of nearly 120 per cent for the investors.

EMS Ltd

EMS Ltd marked its entry into the stock market on September 21, 2023. The company opened its IPO for subscription at the price of Rs 211 per share, and closed at Rs 436.85 apiece, giving returns of over 100 per cent for the investors. 

SignatureGlobal

Signatureglobal (India) Ltd debuted in the stock market on September 27, 2023, and was available for subscription at the issue price of Rs 385 per share. The company’s shares stood at Rs 796.15 apiece on Friday, giving a return of almost 107 per cent on the issue price.

Utkarsh Small Finance Bank Ltd

Utkarsh Small Finance Bank was another popular IPO in 2023 and made its entry into the stock market on July 21, 2023. The bank started accepting bids at the issue price of Rs 25 per share and closed trading on Friday at Rs 51.39 apiece, giving the investors a return of more than 105 per cent on the listing. 

JSW Infrastructure

JSW Infrastructure Ltd debuted in the stock market on October 3, 2023, and opened its issue for subscription at the issue price of Rs 119 per share. The firm’s shares settled at Rs 231.45 apiece on Friday, falling just short of giving a 100 per cent return to the investors.