Two of overly subscribed IPOs of Deepak Chemtex Limited and AMIC Forging Limited listed today 6th December, 2023 on the Bombay Stock Exchange (BSE) today. Both the IPOs were heavily subscribed with Deepak Chemtex being subscribed 403 times and AMIC Forging 289 times. Both the IPOs landed at the BSE with a premium of 90%.
Deepak Chemtex Limited, the colorants manufacturing company, listed at Rs 152 per share, a near 90% gain on the IPO price of Rs 80. The investors gained a 90% per lot amounting to Rs 1,16,200. The IPO’s lot size consisted of 1,600 shares at a price of Rs 80 making the minimum investment per lot of Rs 1,28,00. Meaning the investors made a profit of Rs 1,16,200 per lot when the Deepak Chemtex Limited was listed on BSE today.
AMIC Forging Limited too, has a similar listing at the BSE. The forged components manufacturing company had set a IPO price of Rs 126 per share with lot size being 1,000 shares, making the investment per lot to Rs 1,26,000. Upon its listing, AMIC Forging Limited listing price was Rs 239.40 per share, a 90% gain on the IPO price per share. This listing made a profit of Rs 1,13,400 per lot to the investors.
The bumper listings continue to keep investors’ interest keen with the SME IPOs and not just the mainline issues.
