These 7 IPO Stocks Trading Near Their Issue Price

In the fast-paced world of initial public offerings (IPOs), where some listings soar and others sink, a calmer category exists, companies that debut and trade near their issue price. These non-volatile newcomers can be intriguing options for investors seeking stability, but understanding the reasons behind this muted performance is crucial before diving in.

Here are 7 recently listed IPOs trading near their offering price:

Medi Assist Healthcare Services Limited

After its listing on January 23, 2024, at Rs 465, Medi Assist saw a positive change of 9.57% over its issue price of Rs 418. Currently, its CMP stands at Rs 458. The company’s performance signals stability in its initial market reception, indicating investor confidence in its prospects within the healthcare services sector.

Incorporated in June 2002, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.

Bharat Highways Infrastructure Investment Trust InvIT

Listed on March 12, 2024, at Rs 101, Bharat Highways InvIT has shown a steady rise with its CMP reaching Rs 107, marking a 7% increase over its issue price of Rs 100. This suggests a favourable response from investors, potentially due to the trust’s strategic positioning within India’s infrastructure investment landscape.

Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India. The Trust is authorized to carry on the activities of an infrastructure investment trust under the SEBI InvIT Regulations.

Happy Forgings Limited

Happy Forgings, listed on December 27, 2023, at Rs 1001, currently trades at Rs 873, displaying a modest increase of 2.71% from its issue price of Rs 850. While the stock’s performance has been positive, it’s important to monitor whether it can maintain this momentum and sustain growth amidst market fluctuations.

Incorporated in July 1979, Happy Forgings Limited is an Indian manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components.

Rashi Peripherals Limited

Listed on February 14, 2024, at Rs 335, Rashi Peripherals’ current market price (CMP) of Rs 312 reflects a slight decline of 0.32% from its issue price of Rs 311. This indicates some volatility in the stock’s early trading, possibly influenced by factors specific to the company or broader market conditions.

Incorporated in 1989, Rashi Peripherals Limited is a company that distributes global technology brands in India. They specialize in products related to ICT or Information and Communication Technology. The company’s service offerings include value-added services such as pre-sales, technical support, marketing services, credit solutions, and warranty management services.

R K SWAMY Limited

Despite listing at Rs 252 on March 12, 2024, below its issue price of Rs 288, R K SWAMY Limited’s CMP has risen to Rs 271, albeit still below its issue price, marking a change of -5.90%. This suggests a cautious market sentiment towards the company, possibly driven by industry-specific challenges or investor skepticism.

Founded in 1973, R K Swamy Limited is engaged in the business of integrated marketing communications, customer data analysis, full-service market research, and syndicated studies.

Gopal Snacks Limited

With an issue price of Rs 401, Gopal Snacks debuted at Rs 350 on March 14, 2024. While its current market price (CMP) of Rs 375 shows a decrease of -6.48% from its issue price, it indicates some resilience as the stock recovers from its initial dip. Observing how the company navigates this early turbulence will be crucial in assessing its long-term potential.

Founded in 1999, Gopal Snacks Limited is an FMCG company that deals in ethnic and Western snacks, and other products in India and internationally.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.