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IPO Bets Continue To Pay Off This Fiscal As Bikaji Foods, Global Health Rise On Debut

Of the 24 IPOs this fiscal, 17 stocks have returned gains since listing, while seven are in loss.

<div class="paragraphs"><p>The IPO market seen a strong upsurge this year. (Photo: iStockphoto)</p></div>
The IPO market seen a strong upsurge this year. (Photo: iStockphoto)

Bikaji Foods International Ltd. and Global Health Ltd. listed at a premium, continuing a good run for initial public offerings so far this fiscal.

Bikaji Foods was subscribed 26.7 times and and Global Health 9.58 times. They listed at a premium of 7% and 18.5%, respectively.

As many as 24 mainboard IPOs have raised Rs 46,300 crore in FY23 so far. Of these, 17 have returned gains since listing, while seven are in loss.