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News Topical, Digital Desk : The IPO market is witnessing continuous action, with companies launching and listing one after another. Investors are responding to these issues with a resounding response. However, the performance of newly listed stocks after listing has varied. Some companies are failing to live up to investors' expectations, while others are generating returns that exceed expectations. This week, three companies were listed on the same day, and the story of all three stocks so far is completely different. One is providing investors with bumper returns, while the other has maintained expectations. However, investors who invested in the third company's IPO have incurred losses.
Urban
Company's stock continues its upward momentum after listing. Despite market pressure, the e-commerce segment is experiencing strong gains. Today, the stock reached an intraday high of 182.4. The stock had a bumper listing on September 17th. The issue price was ₹103. This means the stock has surged 77% in just three days. Relief in GST rates and other tax rates is expected to boost the home services segment, which is reflecting on the stock's impact. Dev Accelerator, on the other hand, is facing a different story from Urban Company. It has been experiencing frequent lower circuits. The stock has fallen to a 5% lower circuit level today, reaching ₹58.1. The stock had a sluggish listing on September 17th. On listing day, the stock reached ₹64.05 against an issue price of ₹61, but this has been followed by a downtrend. Currently, the stock is down 4.7% from its issue price. This means investors who received shares in the IPO have incurred losses. Shringar House of Mangalsutra , a gems jewelry segment stock, is showing stability at higher levels compared to the other two stocks. On Friday, the stock gained more than half a percent to reach 192. The stock was listed on September 17th with a premium of 14 percent. The next day, it crossed the 194 level. After this, despite today's rise, the stock has not been able to recover its higher levels. However, in three days, the stock has currently returned 16% to its investors compared to the issue price of 165.
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