First Overseas Capital: IPO Track Record
SME, almost all listed in 2023 (14 of 16). Half closed below the issue price on listing day, even though 10 of 16 opened above it.
Listed IPOs
16
1 mainboard, 15 SME
Amount raised
INR 642.60 crore
2023 to 2024
Median gain at open
+1.48%
listing day, vs issue price
Median gain at close
-0.14%
listing day, vs issue price
Opened above issue price
62.50%
share of listings
Closed below issue price
50%
on listing day
Median subscription
3.85x
total, final day
Vs same-year IPOs
-10.99
percentage points; median gap at open
Best listing: Ducol Organics (+43.53% at open, 19 January 2023). Weakest: Italian Edibles (-19.12% at open, 12 February 2024).
An IPO with several lead managers counts towards each of them.
Mainboard vs SME
| Segment | IPOs | Median gain at open | Median gain at close | Opened above issue | Closed below issue | Median subscription |
|---|---|---|---|---|---|---|
| Mainboard | 1 | +12.65% | +7.02% | 100% | 0% | 18.29x |
| SME | 15 | +0.45% | -0.56% | 60% | 53.33% | 3.76x |
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2024 | 2 | -9.56% | -10.04% | 0% | 75.94x |
| 2023 | 14 | +2.69% | +1.30% | 71.43% | 3.85x |
All 16 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Italian Edibles | 12 February 2024 | SME (NSE) | 68 | 26.66 | 149.05x | 55 | 57.75 | -19.12% | -15.07% |
| Sameera Agro | 1 January 2024 | SME (NSE) | 180 | 62.64 | 2.82x | 180 | 171 | 0% | -5% |
| Electro Force | 27 December 2023 | SME (NSE) | 93 | 80.68 | 3.95x | 100 | 105 | +7.53% | +12.90% |
| Shree OSFM E-Mobility | 21 December 2023 | SME (NSE) | 65 | 24.60 | 7.69x | 65 | 68.25 | 0% | +5% |
| Graphisads | 13 December 2023 | SME (NSE) | 111 | 53.41 | 3.62x | 111.50 | 105.95 | +0.45% | -4.55% |
| Shanthala FMCG | 3 November 2023 | SME (NSE) | 91 | 16.07 | 3.76x | 108 | 103.55 | +18.68% | +13.79% |
| Ondoor Concepts | 1 November 2023 | SME (NSE) | 208 | 31.18 | 5.25x | 214 | 203.40 | +2.88% | -2.21% |
| Pyramid Technoplast | 29 August 2023 | Mainboard | 166 | 153.05 | 18.29x | 187 | 177.65 | +12.65% | +7.02% |
| Synoptics Technologies | 13 July 2023 | SME (NSE) | 237 | 54.04 | 2.48x | 238 | 226.10 | +0.42% | -4.60% |
| Cell Point | 28 June 2023 | SME (NSE) | 100 | 50.34 | 5.76x | 100 | 95 | 0% | -5% |
| Kore Digital | 14 June 2023 | SME (NSE) | 180 | 18 | 39.46x | 180 | 179 | 0% | -0.56% |
| Nirman Agri | 28 March 2023 | SME (NSE) | 99 | 20.30 | 1.63x | 102 | 101.30 | +3.03% | +2.32% |
| SVJ Enterprises | 9 March 2023 | SME (BSE) | 36 | 6.12 | 1.42x | 38 | 36.10 | +5.56% | +0.28% |
| Amanaya Ventures | 9 March 2023 | SME (BSE) | 23 | 2.76 | 1.66x | 20.10 | 19.10 | -12.61% | -16.96% |
| Ducol Organics | 19 January 2023 | SME (NSE) | 78 | 31.51 | 40.19x | 111.95 | 117.50 | +43.53% | +50.64% |
| SVS Ventures | 12 January 2023 | SME (BSE) | 20 | 11.24 | 1.21x | 20.50 | 21.50 | +2.50% | +7.50% |