On New Year’s, many new companies are entering the market with their IPOs (Initial Public Offerings).
Recently, a lot of companies opened their IPOs, and more big companies are planning to do the same soon.
Two companies, New Swan Multitech and Australian Premium Solar, recently had their IPOs and got listed.
Investors made good profits, especially in New Swan Multitech, where they earned a lot on the first day.
The New Swan Multitech IPO started at Rs 125.40 with a 90 percent premium.
Australian Premium Solar’s IPO was listed at Rs 140, higher than its price band of Rs 54.
Investors gained over 159 percent on the first day. Both companies’ shares have seen an increase since their listing.
These IPOs started on January 11. Australian Premium Solar and New Swan Multitech are both SME IPOs.
The opportunity to invest in Australian Premium Solar’s Rs 28.08 crore IPO was available until January 15, with a price band of Rs 51 to Rs 54.
Similarly, New Swan Multitech’s IPO, with a size of Rs 33.11 crore, had a bidding period until January 15, and its price band was set at Rs 62 to Rs 66. Each lot for New Swan Multitech included 2000 shares.
