Tanushree JaiswalJNK India IPO Allotment Status
by
Tanushree Jaiswal
26/04/2024
IPO
Nikita Bhoota
15th December 2022
IPO Performance in 2020
The year 2020 has seen a fewer number of listings but witnessed a lot of participation on Dalal Street. Nearly 39 IPO got listed in the year 2020 (including SMEs). Some of the well-known IPO details are as follows:
|
Company Name |
Open date |
Close date |
Listing Date |
IPO Issue Size (Rs. Cr) |
|
Route Mobile Ltd. |
09-Sep-2020 |
11-Sep-2020 |
21-Sep-2020 |
608.70 |
|
Burger King India Ltd. |
02-Dec-2020 |
04-Dec-2020 |
14-Dec-2020 |
810.00 |
|
Rossari Biotech Ltd. |
13-Jul-2020 |
15-Jul-2020 |
23-Jul-2020 |
496.49 |
|
Happiest Minds Technologies Ltd. |
07-Sep-2020 |
09-Sep-2020 |
17-Sep-2020 |
386.11 |
|
Mrs. Bectors Foods Specialities Ltd. |
15-Dec-2020 |
17-Dec-2020 |
24-Dec-2020 |
544.35 |
|
Gland Pharma Ltd. |
09-Nov-2020 |
11-Nov-2020 |
20-Nov-2020 |
4,535.68 |
|
Mazagon Dock Shipbuilders Ltd. |
29-Sep-2020 |
01-Oct-2020 |
12-Oct-2020 |
443.69 |
|
Chemcon Speciality Chemicals Ltd. |
21-Sep-2020 |
23-Sep-2020 |
01-Oct-2020 |
318.00 |
|
Computer Age Management Services Ltd. |
21-Sep-2020 |
23-Sep-2020 |
01-Oct-2020 |
2,244.33 |
|
Likhitha Infrastructure Ltd. |
29-Sep-2020 |
07-Oct-2020 |
15-Oct-2020 |
61.20 |
|
Equitas Small Finance Bank Ltd. |
20-Oct-2020 |
22-Oct-2020 |
02-Nov-2020 |
382.31 |
|
SBI Cards And Payment Services Ltd. |
02-Mar-2020 |
05-Mar-2020 |
16-Mar-2020 |
7,571.10 |
|
Angel Broking Ltd. |
22-Sep-2020 |
24-Sep-2020 |
05-Oct-2020 |
421.38 |
|
UTI Asset Management Company Ltd. |
29-Sep-2020 |
01-Oct-2020 |
12-Oct-2020 |
1,515.24 |
Source: Ace Equity
Many of the IPO’s have given splendid returns and have doubled the wealth of investors. While, some of them have been listed at discount where investors have lost their invested capital. Below mentioned are some of the well-known IPOs that either created wealth for the investors or were listed on the exchanges at a discounted price.
|
Company Name |
Issue Price(Rs) |
Listing Price(Rs) |
Gain/Loss |
Last Close(Rs) |
Last Close/Listing Price Gain/Loss |
|
Route Mobile Ltd. |
350 |
708.00 |
102.3% |
1,098.1 |
213.7% |
|
Burger King India Ltd. |
60 |
115.35 |
92.3% |
175.5 |
192.4% |
|
Rossari Biotech Ltd. |
425 |
670.00 |
57.6% |
939.3 |
121.0% |
|
Happiest Minds Technologies Ltd. |
166 |
351.00 |
111.4% |
344.1 |
107.3% |
|
Mrs. Bectors Foods Specialities Ltd. |
288 |
501.00 |
74.0% |
514.4 |
78.6% |
|
Gland Pharma Ltd. |
1,500 |
1701.00 |
13.4% |
2,340.3 |
56.0% |
|
Mazagon Dock Shipbuilders Ltd. |
145 |
216.25 |
49.1% |
218.2 |
50.4% |
|
Chemcon Speciality Chemicals Ltd. |
340 |
730.95 |
115.0% |
500.3 |
47.1% |
|
Computer Age Management Services Ltd. |
1,230 |
1518.00 |
23.4% |
1,805.5 |
46.8% |
|
Likhitha Infrastructure Ltd. |
120 |
130.10 |
8.4% |
165.5 |
37.9% |
|
Equitas Small Finance Bank Ltd. |
33 |
31.00 |
-6.1% |
37.7 |
14.1% |
|
SBI Cards And Payment Services Ltd. |
755 |
658.00 |
-12.8% |
850.8 |
12.7% |
|
Angel Broking Ltd. |
306 |
275.00 |
-10.1% |
337.8 |
10.4% |
|
UTI Asset Management Company Ltd. |
554 |
490.25 |
-11.5% |
555.7 |
0.3% |
Source: Ace Equity, Last close as on December 31,2020.
Companies belonging to the IT, food and beverages, BFSI sectors generally ruled the IPO calendar for the year. Companies generally go for IPOs for raising funds to expand their business or repay the debt. For the investors, it is an opportunity to invest in a business that may have growth opportunities in the future.
Outlook:
Going forward, 2021 could be a strong year for IPOs again. The spectacular performance of recent IPOs in the year 2020 in the secondary market augurs well for the pipeline in the coming months across a range of sectors. Thus, investors can keep aside some funds to invest in upcoming IPOs after studying their fundamentals to create huge wealth in the long-run.
Disclaimer: The above details are compiled from information available on public platforms. These are not buy or sell recommendations.
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