Year ender 2023: 5 IPOs that disappointed Dalal Street

By Editorji News Desk
Published on | Jan 08, 2024

IPOs in 2023

Active IPO market saw highs and lows. Despite many new offerings, some key IPOs failed to align with investor sentiment. Let's take a look

Udayshivakumar Infra

Udayshivakumar Infra's tepid NSE debut at ₹30, a 14% discount from its ₹35 issue price. As of Dec 27, trading at ₹39 per share

Avalon Technologies

Avalon Tech debuted at ₹431, which was 1% lower than its issue price. However, as of Dec 27, it's trading around ₹565 a share

IRM Energy

IRM Energy made a tepid market debut at ₹477, 6% lower than its ₹505 IPO price. However, as of Dec 27, trading at ₹551 per share

Updater Services Ltd

Updater Services also disappointed investors by opening at ₹285, 5% lower than its ₹300 IPO price. However, as of Dec 27, trading at ₹350 per share

Yatra Online

Yatra Online's IPO faced hurdles with a ₹126 debut, 10% lower than its ₹142 issue price. But as of Dec 27, trading at ₹137 per share