An ETIG analysis of the SME issues floated since the beginning of 2021 when the IPO rush began in this segment reveals that unlike the popular belief, majority of the listed SMEs failed to earn huge listing gains. On a one-year horizon, however, they were able to retain and even surpass their listing gains making a case for long-term holding period.
March sees 25 new listings on Dalal Street, with SMEs leading the pack. Owais Metal shines with a 368% increase, while Exicom Tele-Systems tops the mainline category with a 51.1% gain. Overall, a total of 76 companies have made their debut on Dalal Street in CY24 thus far.