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IPO listing: This robotics firm's shares jump 83% in exchange debut; 3 Indian stocks to watch | Returns, other details

Published by Mint · India 20 min ago
Check Indian stocks in the segment (AI Image for representational purpose)
Check Indian stocks in the segment (AI Image for representational purpose) · Mint

Detailed summary

Amicro Technology shares jumped nearly 83% in early Hong Kong trading, spotlighting robotics and automation. With Amicro's bumper listing, let's take a look at three small cap stocks in India with exposure to this emerging theme.

Chinese robotics platform Amicro Technology made a stellar debut on the Hong Kong Stock Exchange (HKEX) after raising a combined HK1.78billion(227 million) through its initial public offering (IPO). Amicro Tech's bumper listing has brought the spotlight back on the automation and robotics themes.

Shares of Amicro Technology surged 37.6% from the IPO price of HK$9.90, before rallying as much as 82.9% to an intraday high of HK$18.11 on Thursday. The sharp rally came after the company priced its 71.7 million shares at HK$9.9 apiece.

Amicro Technology’s shares surged as much as 82.9% in early Thursday trading session. With this, its market value stood at HK$6.7 billion. Amicro’s IPO listing coincided with the debut of memory product maker, Hoisin Electronics Co.’s shares. Hoisin began trading at HK 72.80, down 0.04% from its offer price of HK 72.83. The stock last traded at HK $ 72.89.

Founded in 2014, Amicro Technology has a specialisation in dedicated system-on-chip (SoC) semiconductors, sensors, algorithms, and full-stack software solutions for intelligent mobile robots.

With Amicro Technology's strong IPO debut drawing attention to the robotics and automation space, let's take a closer look at three small-cap Indian stocks that offer exposure to this emerging segment.

Shares of Affordable Robotic & Automation were trading 4.98% higher at ₹227.55 per share on BSE with a market capitalisation of ₹269.67 crore at 3 pm on Thursday. Its share price value has surged 36% in one month, 32% in six months, but has declined 3.48% in one year.

The Pune-headquartered firm is a trusted robotics and industrial automation company which delivers smart factory systems, warehouse automation solutions and turnkey engineering solutions. According to the Affordable Robotic & Automation filing, it is India's first listed robotics company, which provides turnkey industrial automation and robotics solutions.

Robotic inspection stations, automated assembly systems, warehouse robotics and automated…

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