IPO Stocks: 5 Recent Listings More Than Double From Issue Price; ESDS Software Leads Gains

The primary market has continued to see strong post-listing action, with several recent IPOs delivering sharp gains over their issue prices. Five stocks- ESDS Software Solutions, IndoMIM, Technocraft Ventures, Milky Mist Dairy Foods and Xtranet Technologies have more than doubled from their respective IPO prices.

ESDS Software Solutions has delivered the biggest gain among the five stocks, rising around 270% from its issue price. IndoMIM follows with a 166% gain, while Technocraft Ventures, Milky Mist Dairy Foods and Xtranet Technologies have also gained more than 120% each from their IPO prices.

The strong moves have come shortly after the companies made their stock market debuts, with some stocks extending their listing-day gains significantly in subsequent sessions.

ESDS Software Solutions

Cloud infrastructure and data centre company ESDS Software Solutions has been the biggest gainer among the recent IPO listings, with the stock rising around 270% from its issue price of ₹429.

The shares were trading at around ₹1,586.35, compared with the IPO price of ₹429. ESDS listed on September 4 at a premium of more than 76% over its issue price and extended its gains after listing.

The company provides cloud GPU, data centre and related infrastructure services. The sharp rise in the stock has taken its market price substantially above both the IPO price and its listing level.

Indo-MIM

Indo-MIM shares have gained around 166% from the IPO price of ₹485, with the stock trading at approximately ₹1,288.40.

The company listed on July 30 at a premium of nearly 45% over its issue price. The stock continued to gain after listing, taking its return from the IPO price to more than 160%.

IndoMIM operates in the metal injection moulding space and supplies precision-engineered components across sectors.

Technocraft Ventures

Technocraft Ventures has risen around 132% from its IPO price of ₹212. The shares were trading at approximately ₹492.35.

The company made its stock market debut on August 14 at a premium of more than 34% over the issue price.

The stock's subsequent gains have taken it well above the level at which it was offered to investors in the IPO.

**Milky Mist Dairy Foods **

Milky Mist Dairy Foods has gained around 127% from its ₹140 IPO price and was trading at approximately ₹318.

The company listed on August 18, opening nearly 18% above its issue price. The stock then moved higher in the sessions following its debut.

Milky Mist operates in the dairy products segment, with its portfolio including products such as milk, curd, paneer, cheese and other dairy products.

Xtranet Technologies

Xtranet Technologies has gained around 124% from its IPO price of ₹127, with the stock trading at approximately ₹285.

The IT and digital infrastructure company listed on July 30 at a premium of around 7% over its issue price. The subsequent rally has taken the stock more than two times above the level at which it was offered in the IPO.

Xtranet Technologies operates in the information technology and digital infrastructure space.

Top Performing IPO Stocks: Issue Price Vs Current Price

The sharp gains in these five stocks stand out against their IPO prices, with each stock having more than doubled since the issue.

While the five stocks remain substantially above their issue prices, their recent trading performance has been mixed. ESDS Software Solution has faced selling pressure, while Xtranet Technologies and Milky Mist Dairy Foods have also declined in recent sessions. Technocraft Ventures and IndoMIM, meanwhile, have continued to trade higher.

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