2021 will go down in historical past because the 12 months of IPOs as 65 firms earned good-looking returns
The 12 months 2021 will certainly go down within the historical past of major markets as one of the profitable years for preliminary public gives (IPOs) in India as greater than Rs 1.30 lakh crores was lapped up by 65 firms in the course of the 12 months.
Regardless of the pandemic leaving a deep affect on the Indian financial system, particularly in the course of the first quarter of the present fiscal of 2021-22, the truth that so many firms got here out with public gives, confirmed that there’s sufficient cash available in the market and inventory markets in India haven’t been that a lot affected by the prevailing well being scare.
Proper from meals supply platforms to cosmetics corporations to healthcare entities, everyone earned their huge bucks from the first market exercise and due to this fact as 2021 involves an finish, we carry to you the highest 10 IPOs of the 12 months:
One 97 Communications (Paytm)
Digital funds platform Paytm’s mum or dad firm One 97 Communications managed to lift a humungous Rs 18,300 crore by way of its IPO, which turned out to be the largest-ever public concern within the nation.
It went on to interrupt the document of Rs 15,200 crore, which was set by the IPO of Coal India Restricted (CIL) again in 2010.
Regardless of getting subscribed 1.89 occasions, Paytm made a dismal debut on the bourses because it fell 27 per cent from its concern value (Rs 2,150 per share). Nevertheless dangerous its secondary market debut could have been, Paytm turned out to be a blockbuster within the major market at the very least.
Zomato
On-line meals supply platform Zomato got here out with what turned out to be India’s second-largest IPO of 2021.
It raised Rs 9,375 crore by way of the general public provide, which was subscribed 38.25 occasions.
Nevertheless in contrast to Paytm, Zomato made a formidable debut on the inventory market, itemizing at 53 per cent premium over its concern value.
PB Fintech
PB Fintech, the mum or dad firm of on-line insurance coverage aggregator Policybazaar and credit score comparability platform Paisabazaar, raised Rs 5,710 crore from the first market. It included a contemporary concern of fairness shares price Rs 3,750 crore and a suggestion of sale of Rs 1,960 crore by present shareholders.
PB Fintech’s IPO acquired subscribed 16.59 occasions. The corporate made its market debut at 17 per cent premium over its concern value.
Nykaa (FSN E-Commerce Ventures)
On-line magnificence platform Nykaa’s IPO was subscribed 82 occasions. The general public concern of FSN E-Commerce Ventures Restricted acquired over 200 crore bids in opposition to 2.64 crore shares on provide and raised Rs 5,352 crore from the difficulty. It consisted of a contemporary concern of Rs 630 crore and a suggestion on the market price Rs 4,722 crore. On the higher finish of the value band, one lot of 12 Nykaa shares within the IPO price Rs 13,500.
The Falguni Nayar-led firm additionally made a robust debut on the inventory market getting listed at 79 per cent premium over its concern value.
CE Data Methods (MapmyIndia)
The IPO of digital mapping firm CE Data Methods was subscribed 154.71 occasions. The Rs 1,040 crore provide acquired bids for over 108.98 crore (1,08,98,95,450) shares in opposition to the full concern measurement of over 70.44 lakh (70,44,762) shares.
Energy Grid Company of India
PowerGrid InvIT, was additionally among the many largest public problems with 2021, which garnered Rs 7,735 crore at a value of Rs 100 per unit. The provide was subscribed 4.83 occasions.
Latent View Analytics
World information and analytics firm Latent View Analytics’ IPO was subscribed 326.49 occasions, thus making it one of many main public problems with the 12 months.
The portion reserved for non-institutional buyers was subscribed 850.66 occasions and that of certified institutional consumers 145.48 occasions. Retail buyers had put in bids 119.44 occasions the portion put aside for them and workers’ portion was subscribed 3.87 occasions.
Tega Industries
The corporate’s IPO noticed a robust response from buyers because the Rs 619 crore concern was subscribed 219 occasions with all investor classes oversubscribing their portion of the difficulty.
Tega Industries is a number one producer of specialized ‘important to function’ and recurring consumable merchandise for the worldwide mineral beneficiation, mining and bulk solids dealing with trade. Globally, it’s the second largest producers of polymer-based mill liners.
Go Vogue
Go Vogue, the proprietor of girls’s put on model Go Colours, was additionally one of the profitable IPOs of the 12 months because it was subscribed 135.46 occasions. The portion put aside for non-institutional buyers was subscribed 262.08 occasions, and that of certified institutional buyers was subscribed 100.73 occasions, whereas retail buyers had put in bids 49.70 occasions the portion reserved for them.
MedPlus Well being
MedPlus Well being, India’s second-largest pharmacy retailer by way of the variety of shops and income, additionally got here out with its public concern, which turned out to be one of the profitable IPOs of the 12 months, thus meriting a point out on this checklist.
The Medplus Well being IPO was subscribed 52.59 occasions. It subscribed 5.24 occasions within the retail class, 111.90 occasions within the certified institutional consumers class and 85.33 occasions within the non institutional buyers class.
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