Gujarat Peanuts IPO opened 20% below issue price, closing 16% below, despite strong demand.

Gujarat Peanuts and Agriculture Products Limited's BSE SME IPO opened at ₹64, 20% below its ₹80 issue price, falling further to ₹61.10 before rebounding to close at ₹67.20, leaving investors with a 16% notional loss. The ₹23.81 crore IPO, 7.95 times subscribed, saw strong retail and non-institutional interest. Despite improving profits and revenue growth, the stock’s weak debut highlights concerns over investor sentiment toward SME listings. Debt rose to ₹44.34 crore in FY24 before easing to ₹38.89 crore in FY25, while reserves grew to ₹12.02 crore.