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IPO investors ride the bull run to strike gold in 2023

Water projects firm Vishnu Prakash R Punglia, the 20th company to launch its IPO in the current year, saw its shares closing at a 47 per cent gain over its issue price on Tuesday. Such a huge one-day pop is considered rare; however, it has become the norm this year. The average listing-day gain for these 20 IPOs in 2023 is 34 per cent, and their average gain to date stands at 46 per cent.
Vishnu Prakashr Punglia Pranjal Srivastava Dominic Xavier Rediff Utkarsh Small Finance Bank Equinomics Research Advisory Sah Polymers
Source: rediff.com

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