From Merritronix to Winsol Engineers: 73% of SME IPOs made listing gains since 2020. Here's what's changing now
SBI Funds Management reported a standalone profit of ₹873 crore for the June quarter, up 3.3% from last year. Despite weak market sentiment, retail investor confidence remained strong, with equity inflows driving QAAUM growth to ₹12.6 trillion, maintaining its largest asset manager status.
Advance Technoforge shares opened at ₹94 against the issue price of ₹95. After a weak opening, it extended losses, hitting a lower circuit of ₹89.30, down 6% from the issue price.
Propshop Events and Exhibitions IPO listing: The shares listed at 20% discount to the IPO price of ₹69 per share, opened at ₹55.20 apiece on NSE SME.
CXMT Corp's stock soared 500% on its first day on the Shanghai Stock Exchange, achieving a market capitalisation of 3.65 trillion yuan, surpassing ICBC. This leap underscores CXMT's importance in bolstering China's chip industry amid growing US semiconductor restrictions.