Recent IPOs Performance 2021

Recent IPO

IPO
Last Updated: Sep 01, 2021, 08:20 PM IST

The first four months of the fiscal year FY22 saw collections of over Rs.26,000 crore via IPOs. August alone is expected to collect close to Rs.30,000 crore via IPOs. But the moot question is how have these IPOs of the recent past performed in the stock markets post listing and has their performance been linked to the oversubscription? Here is a quick look.

Performance of recent IPOs
 

Company

IPO Price

Listed on

Subscription

List day gain

Current Price

Total Gain

GR Infraprojects IPO

Rs.837

19-Jul

102.58X

108.70%

Rs.1,667.05

99.17%

Clean Science IPO

Rs.900

19-Jul

93.41X

76.13%

Rs.1,611.80

79.09%

Zomato Ltd IPO

Rs.76

23-Jul

38.25X

65.59%

Rs.137.55

80.99%

Tatva Chintan IPO

Rs.1,083

29-Jul

180.36X

113.32%

Rs.2,157.90

99.25%

Glenmark Life IPO

Rs.720

06-Aug

44.17X

3.92%

Rs.757.75

5.24%

Rolex Rings IPO

Rs.900

09-Aug

130.44X

29.62%

Rs.1,149.20

27.69%

 

If you look at the 6 IPOs that listed in the stock markets since the middle of July, two IPOs of GR Infrastructure and Tatva Chintan have doubled over their issue price. On the other hand, IPOs of Clean Science & Technology and Zomato have given returns of 80% since listing. 

The two most recent issues listed in August; Rolex Rings and Glenmark Life had a more tepid listing. While Rolex Rings trades with gains of 27.7% over its issue price, Glenmark Life is just about 5.24% above its issue price.

Has the listing performance got to do with the extent of subscription? The two top performers; GR Infra and Tatva Chintan did get subscribed well over 100 times. However, Rolex Rings with 130X subscription has given only 27.69% returns. Glenmark Life, which gave the lowest returns of 5.24% over issue price was subscribed just 44.17 times. 

However, Zomato with just 38.25 times subscription is trading 81% above its issue price. In short, the post listing performance appears to have less to do with the extent of subscription and more to do with the aggression with which the IPO was priced and the valuation room left on the table by the issuing companies. 

Spate of 8 IPOs on the threshold of listing

While the above 6 IPOs are already listed, there are 8 more IPOs queued up for listing. Four of these IPOs will list on Tuesday, 17 August while the other four IPOs will list in the week after that. Here is a quick rundown.
 

Company Name

Issue Closure

Listing Date

IPO Price

Subscription

Exxaro Tiles IPO

06-Aug

17-Aug

Rs.120

22.65X

Windlas Biotech IPO

06-Aug

17-Aug

Rs.460

22.44X

Krsnaa Diagnostics IPO

06-Aug

17-Aug

Rs.954

64.38X

Devyani International IPO

06-Aug

17-Aug

Rs.90

116.70X

CarTrade Tech IPO

11-Aug

23-Aug

Rs.1,585-1,618

20.29X

Nuvoco Vistas IPO

11-Aug

23-Aug

Rs.560-570

1.71X

Aptus Value Housing IPO

12-Aug

24-Aug

Rs.346-353

17.20X

Chemplast Sanmar IPO

12-Aug

24-Aug

Rs.530-541

2.17X

 

We are yet to see the listing performance of these 8 stocks. In the case of the first four stocks listing on 17th Aug, the final price has been discovered at the upper end of the IPO price band in all cases. However, in the case of the 4 IPOs slated to list in the week after next, the final price discovery is yet to be announced.

To sum it up, the IPO price action since July has been fairly mixed, albeit with a positive undertone. These latest 8 IPOs could hold the key to the enthusiasm and aggression of the other IPOs in the anvil.
 

Check:

1. Upcoming IPOs in 2021

2. Upcoming IPOs in August 2021

3. List of Forthcoming IPOs

Disclaimer

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