The recent correction of the market has had an impact on the IPO market. There are many stocks, which entered the market at a premium, but their move changed in the fall.
IPO Market Return: From the year 2021 till now, shares of 66 companies have been listed in the market. Of these, 3 stocks were listed in 2022, while the rest were in 2021. Last year, when the country’s economy was in recovery mode after recovering from the COVID 19 epidemic, one after the other companies came up with their IPOs to take advantage of it. However, due to the Russia and Ukraine crisis in the year 2022, there is still silence in the primary market. The reason for this is that right now companies are afraid of weak listing. Anyway, the recent correction of the market has affected the IPO market. There are many such stocks, which entered the market at a significant premium, but their move changed in the fall of the market.
Tega Industries
The share of Tega Industries was listed on the stock market on 13 December 2021. The share price for the IPO was Rs 453. Whereas it was listed in the market at Rs 753 with a hefty premium. On the listing day, it closed at Rs 726 with a return of 60 per cent. Now the stock is trading at Rs 434. That is, the issue price has also come down.
FSN E-Co Nykaa
Trading started in the stock of FSN E-Co Nykaa on 10 November 2021. The share price for the IPO was Rs 1125. Whereas it was listed in the market at Rs.2001 with a high premium. On the listing day, the stock closed at Rs 2207 with a double return of 96 per cent i.e. in 1 day itself. Now the stock is trading at Rs 1378. That is, there has been a weakness of Rs 623 from the listing price.
Zomato
Trading started in Zomato’s stock on 23 July 2021. The company had kept the issue price of Rs 76 in the IPO. Whereas after listing at Rs 115, it closed at Rs 126 on listing day. That is, investors got 66 percent return in 1 day. Right now the share is at Rs 78, ie back close to the issue price.
Dodla Dairy
Trading in Dodla Dairy stock started on 28 June 2021. The company had kept the issue price of Rs 428 in the IPO. Whereas it closed at Rs 609 on listing day after listing at Rs 550. That is, investors got 42 percent return in 1 day. Right now the share is at Rs 418, that is, it has gone below the issue price.
Indigo Paints
The stock of Indigo Paints was listed on the stock market on 2 February 2021. The share price for the IPO was Rs 1490. Whereas it was listed in the market at Rs 2608 with a hefty premium. On the listing day, it closed at Rs 3119 with a return of 109 per cent. Now the stock is trading at Rs 1493. That is, it has come back close to the issue price.
Bectors Food
The share of Bectors Food was listed on the stock market on 24 December 2020. The share price for the IPO was Rs 288. Whereas it was listed in the market at Rs 501 with a heavy premium. On the listing day, it closed at Rs 596 with a return of 107 per cent. Now the stock is trading at Rs 306. That is, it came back to the price at which the first investors had invested.
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