The bulk packaging solutions provider raised Rs 66.30 crore by issuing 1.02 crore shares via the public issue.
Sah Polymers offers customised bulk packaging solutions to companies catering to several industries including agro pesticides, cement, chemical, fertilizer, food products, ceramic, and steel.
Radiant Cash Management Services opened higher at Rs 103 against the issue price of Rs 94.
Much lower-than-expected response to its IPO caused the maximum pain to the listing performance, though equity market volatility can be another reason.
Elin Electronics traded with a volume of 6.75 lakh shares on the BSE and 80.19 lakh shares on the NSE.
Experts feel that investors should hold on to their shares with a mid-to-long-term perspective as they believe there is immense potential in the EMS industry in India.
Between December 20-22, Elin’s public issue was subscribed 3.09 times, with qualified institutional buyers (QIBs) putting in applications for 4.51 times the allotted quota
This was the fifth weak debut this month. Landmark Cars, Abans Holdings, Sula Vineyards, and Uniparts India — all closed significantly lower on their first day out.
KFin stock price largely discounted all positives. Hence, analysts advised to hold the shares for long term citing asset-light business model, bright prospects, diverse products portfolio, and being a proxy play to mutual fund industry growth in India.
KFin Technologies provides services and solutions to asset managers and corporate issuers has raised Rs 1,500 crore via public issue which was entirely an offer for sale by promoter General Atlantic Singapore Fund Pte Ltd.
The stock hit an intraday low of Rs 218.40 in the afternoon and stuck there till the closing. It hit a 20 percent lower circuit on the NSE, while on the BSE, too, it closed at a 20 percent lower circuit of Rs 216.
Sula Vineyards was the third listing in December 2022, after Dharmaj Crop Guard, and Uniparts India.
Dharmaj Crop Guard traded with a volume of 1.3 crore shares on the NSE, and 9.47 lakh shares on the BSE.
Analysts suggest staying invested in the company for long-term returns.
On its debut, Keystone Realtors traded with 4.16 lakh shares on the India's oldest stock exchange, and 58.63 lakh shares on the NSE.
Inox Green Energy Services traded with volume of 4 crore shares on the NSE, and 33.99 lakh shares on the BSE.
Healthy order-book, diversified portfolio, business model consisting of applications across several industries, strong customer base, and positive market conditions supported the stock price.
The non-banking finance company traded with volume of 1.39 crore equity shares on the NSE and 6.39 lakh shares on the BSE.
More than 2.21 crore Archean shares traded hands on the NSE and 11.19 lakh on the BSE
Bikaji Foods traded with a volume of 20.96 lakh shares on the BSE and 2.74 crore shares on the National Stock Exchange
The volume was very high given its first day on the bourses. It traded with a volume of 4.93 crore equity shares on the NSE and 22.55 lakh shares on the BSE.
In terms of price performance, Global Health performed better than Bikaji Foods, rising as much as 27 percent to a day's high of Rs 425 after opening at Rs 398.15 against its initial public offering (IPO) price of Rs 336 apiece.
DCX Systems traded with volume of 21.19 lakh shares on the BSE, and 3.62 crore shares on the NSE.
The Rs 500 crore public issue had received stellar response from investors and was subscribed nearly 70 times, led by institutional and retail buyers. The huge demand was also a driver for gains on the listing day.
Analysts were largely expecting either a flat or subdued listing due to muted response to its initial public offering which was subscribed 2.01 times last week.