{"id":2758,"date":"2024-01-02T17:39:05","date_gmt":"2024-01-02T17:39:05","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?p=2758"},"modified":"2025-03-03T11:49:48","modified_gmt":"2025-03-03T11:49:48","slug":"performance-of-ipos-launched-in-2023","status":"publish","type":"post","link":"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/","title":{"rendered":"Performance Of IPOs Launched In 2023"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2023\/12\/Next-steps-rafiki-2.png\" alt=\"Top IPOs and their performance\" class=\"wp-image-2486\" style=\"aspect-ratio:1.3333333333333333;object-fit:cover;width:357px;height:auto\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2023\/12\/Next-steps-rafiki-2-1024x1024.png 1024w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2023\/12\/Next-steps-rafiki-2-300x300.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2023\/12\/Next-steps-rafiki-2-150x150.png 150w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2023\/12\/Next-steps-rafiki-2-768x768.png 768w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2023\/12\/Next-steps-rafiki-2-1536x1536.png 1536w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2023\/12\/Next-steps-rafiki-2.png 2000w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The Indian markets have performed exceptionally well in calendar year 2023. All major sectors are in green, and broader indices like Nifty 50 and Sensex gave more than 18% returns.&nbsp;<\/p>\n\n\n\n<p>There were 234 IPOs launched in calendar year 2023, 176 SME, and 58 mainboard IPOs. In this blog, we will uncover the top IPOs launched in 2023 by listing gains.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/#What_is_an_IPO\" title=\"What is an IPO?\">What is an IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/#Top_IPOs_of_2023\" title=\"Top IPOs of 2023\">Top IPOs of 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/#1_Tata_Technologies\" title=\"1. Tata Technologies\">1. Tata Technologies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/#2_Motisons_Jewellers\" title=\"2. Motisons Jewellers\">2. Motisons Jewellers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/#3_Netweb_Technologies\" title=\"3. Netweb Technologies\">3. Netweb Technologies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/#4_Ideaforge_Technology\" title=\"4. Ideaforge Technology\">4. Ideaforge Technology<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/#5_DOMS_Industries\" title=\"5. DOMS Industries\">5. DOMS Industries<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-what-is-an-ipo\"><span class=\"ez-toc-section\" id=\"What_is_an_IPO\"><\/span>What is an IPO?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you\u2019re not familiar, IPO stands for Initial Public Offering. When a company raises capital in the primary market by selling shares to the public, it is referred to as an IPO. An IPO is an imperative step in the growth of a business. Once listed on the Stock Exchanges (NSE &amp; BSE), the shares of a company can be easily bought and sold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-top-ipos-of-2023\"><span class=\"ez-toc-section\" id=\"Top_IPOs_of_2023\"><\/span>Top IPOs of 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/01\/buyingsellingstocks.psd-1.png\" alt=\"List of top IPOs\" class=\"wp-image-2891\" style=\"width:600px\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/01\/buyingsellingstocks.psd-1-1024x576.png 1024w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/01\/buyingsellingstocks.psd-1-300x169.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/01\/buyingsellingstocks.psd-1-768x432.png 768w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/01\/buyingsellingstocks.psd-1-1536x864.png 1536w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/01\/buyingsellingstocks.psd-1.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>As stated above, a total of 234 IPOs launched in 2023 out of which mainboard included 58 IPOs and SME included 176 IPOs.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Mainboard IPOs are for large companies with a post-issue paid-up capital of at least INR 10 crore, whereas SME IPOs are for small and medium enterprises with a post-issue paid-up capital of a minimum of INR 1 crore and a maximum of INR 25 crore.<\/p>\n\n\n\n<p><strong>Read Also: <\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/jg-chemicals-ipo-overview-key-details-financials-kpis-strengths-and-weaknesses\/\">JG Chemicals IPO:\u00a0Overview, Key Details, Financials, KPIs, Strengths, and Weaknesses<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-tata-technologies\"><span class=\"ez-toc-section\" id=\"1_Tata_Technologies\"><\/span>1. Tata Technologies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Tata Technologies IPO is a book-built issue of INR 3,042.51 crores. The issue was a complete offer for sale (OFS), i.e., the entire issue was sold by existing shareholders.<\/p>\n\n\n\n<p>Tata Technologies was founded in the year 1994. It is a leading Indian multinational product engineering company known for its expertise in the automotive, aerospace, and industrial heavy machinery sectors. The company was incorporated as \u2018Core Software Systems\u2019 in the year 1989 as the automotive design unit of Tata Motors with a major focus on car designing and development and was later renamed Tata Technologies in the year 2001.<\/p>\n\n\n\n<p><strong><em>Checkout our detailed case study on Tata Technologies: <\/em><\/strong><a href=\"https:\/\/wp-api.pocketful.in\/blog\/tata-technologies-case-study-business-model-and-marketing-strategy\/\">Tata Technologies Case Study: Business Model and Marketing Strategy<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-tata-technology-ipo-details\">Tata Technology IPO details<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO Date: 22 November 2023 to 24 November 2023<\/li>\n\n\n\n<li>Listing date: November 30, 2023<\/li>\n\n\n\n<li>Price Band: INR 475 \u2013 INR 500 per share<\/li>\n\n\n\n<li>No of shares offered: 60,850,278 shares<\/li>\n\n\n\n<li>Lot Size: 30<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-performance-analysis\">Performance Analysis<\/h3>\n\n\n\n<p>Tata Technologies shares were listed at a premium of 163% above the issue price. The opening price on the listing day was INR 1,200 per share. On the day of listing, the shares rallied 10% to close at INR 1313.<\/p>\n\n\n\n<p>The shares of Tata Technologies are currently trading at INR 1,180 and are down almost 10% from the listed price of INR 1,313.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-motisons-jewellers\"><span class=\"ez-toc-section\" id=\"2_Motisons_Jewellers\"><\/span>2. Motisons Jewellers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Motisons Jewellers IPO was a book-built issue of INR 151.09 Crore. The issue was a completely fresh issue of 2.75 Crore shares.<\/p>\n\n\n\n<p>It was established in the year 1997. The company sells gold, diamond, and other jewellery products with over three lakh designs. The flagship store &#8211; Motisons Tower is located in Jaipur. The latest branch of Motisons was opened in 2021, in Vaishali Nagar, Jaipur.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-motisons-jewellers-ipo-details\">Motisons Jewellers IPO Details<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO Date: December 18, 2023 to December 20, 2023<\/li>\n\n\n\n<li>Listing date: December 26, 2023<\/li>\n\n\n\n<li>Price Band: \u20b952 to \u20b955 per share<\/li>\n\n\n\n<li>No of shares offered: 25,829,700<\/li>\n\n\n\n<li>Lot Size: 250 Shares<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-performance-analysis-0\">Performance Analysis<\/h3>\n\n\n\n<p>Shares of Motisons Jewellers were listed at a premium of 84% above the issue price. The company&#8217;s opening price on the listing day was INR 109 per share. However, on the listing day, the shares closed at INR 104.<\/p>\n\n\n\n<p>As of 1 Jan 2024, the shares of Motisons Jewellers are trading around INR 103, which is close to the listing day&#8217;s price. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-netweb-technologies\"><span class=\"ez-toc-section\" id=\"3_Netweb_Technologies\"><\/span>3. Netweb Technologies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Netweb Technologies India IPO is a book-built issue of INR 631 crores. The issue was a combination of a fresh issue of 0.41 crore shares and an offer for sale of 0.85 crore shares.<\/p>\n\n\n\n<p>It is a producer of high-performance computing and data centre solutions. The company specialises in designing, developing, applying, and integrating HPC solutions for businesses and research organisations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-newteb-technologies-ipo-details\">Newteb Technologies IPO Details<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO Date: July 17, 2023 to July 19, 2023<\/li>\n\n\n\n<li>Listing date: July 27, 2023<\/li>\n\n\n\n<li>Price Band: \u20b9475 to \u20b9500 per share<\/li>\n\n\n\n<li>No shares offered: 12,620,000 shares.<\/li>\n\n\n\n<li>Lot Size: 30 Shares<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-performance-analysis-1\">Performance Analysis<\/h3>\n\n\n\n<p>Shares of Newteb Technologies India were listed at a premium of 82% above the issue price. The opening price price of the company on the listing day was INR 947 per share. However, on the listing day, the shares closed at a discount of nearly 4%, i.e., INR 910 after making a high of INR 953.<\/p>\n\n\n\n<p>The shares of Newteb Technologies India are currently trading around INR 1,187 and are up nearly 25% from the listed price of INR 910.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-ideaforge-technology\"><span class=\"ez-toc-section\" id=\"4_Ideaforge_Technology\"><\/span>4. Ideaforge Technology<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ideaforge Technology was a book-built issue of INR 567.29 Crore. The issue was the combination of a fresh issue of 0.36 crore shares and an offer for sale of 0.49 crore shares.<\/p>\n\n\n\n<p>The company was founded and incorporated in the year 2007. The company is involved in the business of manufacturing Unnamed Aircraft Systems (UAS), also called drones. Ideaforge is a market leader and holds approximately 50% market share in the manufacturing of drones. The major focus of the company is on security and surveillance products.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ideaforge-ipo-details\">Ideaforge IPO Details<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO Date: June 26, 2023 to June 30, 2023<\/li>\n\n\n\n<li>Listing date: July 7, 2023<\/li>\n\n\n\n<li>Price Band: \u20b9638 to \u20b9672 per share<\/li>\n\n\n\n<li>No of shares offered: 4,648,870 shares<\/li>\n\n\n\n<li>Lot Size: 22 Shares<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-performance-analysis-2\">Performance Analysis<\/h3>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/Mm-Q5bxWc_qf7hcD067YCat2E3Su4JMo37MRLB6tpLV0Mv4aIcL-_ConoMASdKxoyc2gQcINaKkmXXqAMJH-vBDzXuCDKzFuNLUcj6TpsBmO0AUibwPzGoJ7_jNo46633P1dLKtRv7rot8QFLMorWw\" alt=\"Performance Analysis\" style=\"aspect-ratio:1;object-fit:cover;width:281px;height:auto\" \/><\/figure>\n\n\n\n<p>Shares of Ideaforge were listed at a premium of 93% above the issue price. The opening price of the company on listing day was INR 1,300 per share. However, the share price closed at a discount of nearly 1%, i.e., INR 1,295 after making a high of INR 1,344.<\/p>\n\n\n\n<p>As of 1 Jan 2024, the shares of Ideaforge Technologies India are trading around INR 835 and are down nearly 35% from the listed price of INR 1,295.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-doms-industries\"><span class=\"ez-toc-section\" id=\"5_DOMS_Industries\"><\/span>5. DOMS Industries<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>DOMS IPO was a book-built issue of INR 1,200 crore. The issue was a combination of a fresh issue of 0.44 crore shares and an offer for sale of 1.08 crore.<\/p>\n\n\n\n<p>The company is a leading Indian manufacturer and supplier of stationery and art products. It was started in the year 2005, and since then the company has achieved significant growth and brand recognition. <\/p>\n\n\n\n<p>It offers a wide range of products such as drawing materials, gifting items, pens and geometrical instruments, paper materials, kits &amp; combos, etc. The company has a strong distribution network in over 45 countries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-doms-industries-ipo-details\">DOMS Industries IPO Details<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO Date: December 13, 2023 to December 15, 2023<\/li>\n\n\n\n<li>Listing date: December 20, 2023<\/li>\n\n\n\n<li>Price Band: \u20b9750 to \u20b9790 per share<\/li>\n\n\n\n<li>No shares offered: 15,126,581 shares<\/li>\n\n\n\n<li>Lot Size: 18 Shares<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-performance-analysis-3\">Performance Analysis<\/h3>\n\n\n\n<p>Shares of DOMS Industries were listed at a premium of 68% above the issue price. The opening price of the company on the listing day was INR 1,400 per share. However, the shares closed at a discount of nearly 5%, i.e., INR 1,326 after making a high of INR 1,434.<\/p>\n\n\n\n<p>As of 1 Jan 2024, the shares of DOMS Industries are currently trading around INR 1,250 and are down nearly 5% from the listed price of INR 1,326.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/Ce7xbf7en-5grqF0t23LERjqHkxhOWzieaqfDK_cqd8ViaAYysjTThoCGfDYnsDkLzlPp1gGXL7sTY9PWJ2sTonx5OjXEShREsUl7PDxoRfkTol3IENSVC5LKO8bSh5Me6RBcZIIvZmLzRv0q_XD1w\" alt=\"Performance Analysis\" style=\"width:326px;height:auto\" \/><\/figure>\n\n\n\n<p>Apart from the above-mentioned IPOs, several other IPOs saw a stellar debut on the stock exchange. The list of other IPOs is as follows:&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table aligncenter is-style-regular has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Company Name<\/th><th class=\"has-text-align-center\" data-align=\"center\">Type of IPO<\/th><th class=\"has-text-align-center\" data-align=\"center\">Listing Gain<br>(%)<\/th><th class=\"has-text-align-center\" data-align=\"center\">Listing Price <br> (INR)<\/th><th class=\"has-text-align-center\" data-align=\"center\">CMP (INR)*<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">GOYAL SALT<\/td><td class=\"has-text-align-center\" data-align=\"center\">SME IPO<\/td><td class=\"has-text-align-center\" data-align=\"center\">242%<\/td><td class=\"has-text-align-center\" data-align=\"center\">130<\/td><td class=\"has-text-align-center\" data-align=\"center\">153<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">BASILIC FLY STUDIO<\/td><td class=\"has-text-align-center\" data-align=\"center\">SME IPO<\/td><td class=\"has-text-align-center\" data-align=\"center\">179%<\/td><td class=\"has-text-align-center\" data-align=\"center\">271<\/td><td class=\"has-text-align-center\" data-align=\"center\">297<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">UTKARSH SMALL FINANCE BANK<\/td><td class=\"has-text-align-center\" data-align=\"center\">Mainboard <\/td><td class=\"has-text-align-center\" data-align=\"center\">92%<\/td><td class=\"has-text-align-center\" data-align=\"center\">40<\/td><td class=\"has-text-align-center\" data-align=\"center\">53<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">PLAZA WIRES<\/td><td class=\"has-text-align-center\" data-align=\"center\">SME IPO<\/td><td class=\"has-text-align-center\" data-align=\"center\">56%<\/td><td class=\"has-text-align-center\" data-align=\"center\">76<\/td><td class=\"has-text-align-center\" data-align=\"center\">100<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">IREDA<\/td><td class=\"has-text-align-center\" data-align=\"center\">Mainboard <\/td><td class=\"has-text-align-center\" data-align=\"center\">87%<\/td><td class=\"has-text-align-center\" data-align=\"center\">50<\/td><td class=\"has-text-align-center\" data-align=\"center\">104<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">         *<em>CMP as of 1 January 2024<\/em><\/figcaption><\/figure>\n\n\n\n<p><strong>Read Also: <\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/ipo-alert-capital-small-finance-bank\/\">IPO Alert \u2013 Capital Small Finance Bank<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The IPO market of 2023 in India was marked by high volatility and uncertainty. While the number of listings remained strong, the overall performance of the IPOs was mixed, with some companies exceeding expectations and others falling short. It is important to understand that thorough research is necessary before investing in any IPO.<\/p>\n\n\n\n<p><em><strong>Also, check out our blog if you are curious to invest in IPOs via mutual fund route : <\/strong><\/em><a href=\"https:\/\/wp-api.pocketful.in\/blog\/what-is-an-ipo-mutual-fund-should-you-invest\/\">What Is An IPO Mutual Fund? Should You Invest?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\"><strong>What is the full form of IPO<\/strong><\/h3><p class=\"saswp-faq-answer-text\">Initial Public Offering.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>What is the issue size limit of SME IPO?<\/strong><\/h3><p class=\"saswp-faq-answer-text\"> 1 Crore \u2013 25 Crore.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>Was Tata Technologies a mainboard IPO?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">Yes.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>How many IPOs launched in the year 2023?\u00a0<\/strong><\/h3><p class=\"saswp-faq-answer-text\">234.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>What is an Offer Document?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">Offer Document or Prospectus, carries information about the company business, background, experience of the management team, company\u2019s financial statements, etc.<\/p><\/ul><\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian markets have performed exceptionally well in calendar year 2023. All major sectors are in green, and broader indices like Nifty 50 and Sensex gave more than 18% returns.&nbsp; There were 234 IPOs launched in calendar year 2023, 176 SME, and 58 mainboard IPOs. In this blog, we will uncover the top IPOs launched [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2855,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"is_paper_insight":false,"paper_insight_image":0,"paper_insight_pdf":0,"paper_insight_ppt":0,"footnotes":""},"categories":[15,18],"tags":[],"class_list":["post-2758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","category-personal-finance"],"acf":{"freelancer":"Kavya Mehrotra"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Performance Of IPOs Launched In 2023 - Pocketful<\/title>\n<meta name=\"description\" content=\"A brief overview of some of the top-performing IPOs in 2023. 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Read more in our blog to explore performance of IPOs launched in 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wp-api.pocketful.in\/blog\/performance-of-ipos-launched-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Pocketful\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Pocketful.HQ\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-02T17:39:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-03T11:49:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wp-api.pocketful.in\/blog\/wp-content\/uploads\/2024\/01\/blogbanner-temp1.psd-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Farhan Ahmed\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Pocketful_HQ\" \/>\n<meta name=\"twitter:site\" content=\"@Pocketful_HQ\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Farhan Ahmed\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Performance Of IPOs Launched In 2023 - Pocketful","description":"A brief overview of some of the top-performing IPOs in 2023. 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