2023's Top 10 IPOs with the Highest Returns in India

In this article, we'll delve into the top 10 IPOs of 2023 in India that have provided the highest returns to investors, as of September 21, 2023.

2023's Top 10 IPOs with the Highest Returns

1. Cyient DLM Limited

• Listing Day Gain/Loss: 58.77%
• Current Gain/Loss: 147.38%

Cyient DLM Limited, founded in 1991 by BVR Mohan Reddy, is a global engineering and technology solutions company with a presence in 38 countries and a workforce of over 15,000 people. The company was listed on the Bombay Stock Exchange in July 2023.

2. Utkarsh Small Finance Bank Limited

• Listing Day Gain/Loss: 91.76%
• Current Gain/Loss: 105.56%

Utkarsh Small Finance Bank Limited is a small finance bank headquartered in Varanasi, Uttar Pradesh. It was incorporated in 2009 and became publicly listed on the Bombay Stock Exchange in July 2023.

3. Vishnu Prakash R Punglia Limited

• Listing Day Gain/Loss: 47.4%
• Current Gain/Loss: 75.06%

Vishnu Prakash R Punglia Limited is a prominent manufacturer of high-quality automotive products. The company went public on the Bombay Stock Exchange in September 2023.

4. Divgi TorqTransfer Systems Limited

• Listing Day Gain/Loss: 2.57%
• Current Gain/Loss: 62.64%

Divgi TorqTransfer Systems Limited, established in 1964, is a leading manufacturer of vehicle engine components, including transmission, differential, driveshaft, axles, CV joints, and U-joints. The company was listed on the stock exchange in March 2023.

5. Netweb Technologies India Limited

• Listing Day Gain/Loss: 82.1%
• Current Gain/Loss: 62.1%

Netweb Technologies India Limited is a renowned provider of IT solutions and services. It made its stock market debut on the Bombay Stock Exchange in July 2023.

6. Mankind Pharma Limited

• Listing Day Gain/Loss: 31.86%
• Current Gain/Loss: 58.17%

Mankind Pharma Limited, a leading pharmaceutical company in India, was founded in 1995. It offers a wide range of medications and became publicly listed on the Bombay Stock Exchange in May 2023.

7. Sah Polymers Limited

• Listing Day Gain/Loss: 37.31%
• Current Gain/Loss: 52.46%

Sah Polymers Limited is among India's top manufacturers and exporters of PP woven products, serving international markets. The company went public on the Bombay Stock Exchange in January 2023.

8. SBFC Finance Limited

• Listing Day Gain/Loss: 61.77%
• Current Gain/Loss: 51.4%

SBFC Finance Private Limited, headquartered in Mumbai, is a modern financial services institution focusing on providing credit to small businesses and consumers. It was listed on the Bombay Stock Exchange in August 2023.

9. Senco Gold Limited

• Listing Day Gain/Loss: 27.74%
• Current Gain/Loss: 48.14%

Senco Gold and Diamonds, a jewelry brand with over 50 years of experience, is known for its traditional and contemporary jewelry pieces. Located in Kolkata, West Bengal, the company provides affordable jewelry with intricate designs. It was listed on the Bombay Stock Exchange in July 2023.

10. Jupiter Life Line Hospitals Limited

• Listing Day Gain/Loss: 46.29%
• Current Gain/Loss: 44.56%

Jupiter Hospital, founded in 2007, is a renowned healthcare institution with branches in Thane, Pune, and Indore, offering comprehensive healthcare services. It was listed on the Bombay Stock Exchange in September 2023.