IPO Performance in 2020

IPO Performance in 2020
IPO
by Nikita Bhoota 06/05/2020

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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