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The SME segment will see Balaji Valve Components, Sameer Agro and Infra, AIK Pipes, Akanksha Power, HRH Next Services, Manoj Ceramic and Kay Cee Energy debut on the SME platforms of both the exchanges.
"We wish to inform you that Canara Bank has in principle approved to initiate the process of listing its Mutual Fund Subsidiary Canara Robeco Asset Management Company Ltd, in the Stock Exchanges by way of an Initial Public Offer (IPO)," the state-owned lender said in a notification to exchanges.
The brokerage's report on IPOs performance in 2023 also said that a few of these SME IPOs delivered better returns months after listing
Cyient DLM, listed on July 10, emerged as another significant gainer, witnessing a 149 per cent surge to Rs 660.20 from its issue price of Rs 265.
While a large pool of investors focused mainly on listing gains, several IPOs have given better returns ranging from 50% to 140% after the initial phase of listing. About 42 companies continue to hold or deliver better returns than their initial gains.