5 IPOs that listed this week and how they performed

By Avni Raja
Published on | Nov 30, 2023

From Tata Tech to IREDA

This week saw the listing of 5 IPOs in the stock market. Here’s a look at how they performed.

Tata Technologies

Listed on Nov 30: First IPO from Tata group in nearly 20 years. Bumper listing at 140% premium over IPO price of ₹500.

Gandhar Oil Refinery

Listed on Nov 30: Shares listed at a 75% premium to its issue price of ₹169. The ₹500 crore IPO was subscribed 65 times.

Fedbank Financial Services

Listed on Nov 30: Listing 1.6% lower at ₹137, Fedbank saw a weak debut on Dalal street. The IPO was subscribed 2.24 times.

IREDA

Listed on Nov 29: Indian Renewable Energy Development Agency listed at a premium of 56% to its IPO price of ₹32. Most successful PSU listing in 10 yr.

Arrowhead Seperation Engineering

Listed on Nov 28: The IPO that was oversubscribed 94 times, listed at just a 7% premium at ₹250 against its issue price of ₹233.

Great week for the primary market

A flurry of primary market activity, with more IPOs lined up in the coming weeks as well.