IPO Market 2020:
Today i.e. on October 1, Chemcon Specialty and Cams are listed in the stock market. This is the fourth listing since September. All the issues have received good response from the market. In the year 2020, due to fear of Corona virus, there is not much movement in the primary market, but now the IPO market is buzzing. In the hope of recovery in the economy, new companies are continuously entering the stock market. So far this year, 6 companies have been listed in the stock market. Talking about overall performance, the IPO market is going well this year for investors. Shares of all 6 companies are trading with an increase from the issue price. In this, investors have received 126 percent return from the issue price.
List of shares of these 6 companies
- SBI Card
- Rossari Biotech
- Happiest Minds
- Root mobile
- CAMS
- Chemcon Specialty Chemicals
CAMS, CAMCON IPO: Final Share Allotment, did you get it or not? Such taxes
Route Mobile: 126% return from the issue price
The share of Root Mobile was listed on the stock market on September 21. The issue was listed at a premium of 102 per cent. The price band for the issue was Rs 350, while the listing of the stock was done at Rs 708. However, that day the stock closed at Rs 651, up 86 per cent from the issue price. The current price of the share is Rs 794.40. In this sense, about 127 percent return has been received by the investors compared to the issue price.
Chemcon Specialty Chemicals strong entry to market, at 115% premium
Happiest Minds: 108% return from issue price
The share of Happiest Minds was listed on the stock market on 17 September. The issue was listed at a premium of 111 per cent. The price band for the issue was Rs 166, while the stock was listed at Rs 351. However, that day the stock closed at Rs 371, up 123 per cent from the issue price. The current price of the share is Rs. 346. In this sense, about 108 percent return has been received by the investors compared to the issue price.
SBI Cards: 12% return from issue price
SBI Cards IPO was also a popular IPO this year. The stock was listed on the market on 16 March. The issue price for this IPO of 10 thousand crores was fixed at Rs 755. But due to Corona virus, in this market decline, the IPO weakened by about 13 percent and was listed at Rs 658. On that day, the stock closed 9 per cent weaker than the issue price at Rs 683. But the current price of the stock is Rs 847, that is, about 12 percent more than the issue price.
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Rossari Biotech: 12% return from the issue price
The stock of Rossari Biotech was listed on the stock market on July 23. The issue was listed at a 58 percent premium. The price band for the issue was Rs 425, while the listing of the stock was at Rs 670. However, that day the stock closed at Rs 742, up 75 per cent from the issue price. The current price of the share is Rs 802. In this sense, about 89 percent of the returns have been received by the investors compared to the issue price.
Chemcon Specialty: Listed at 115% gain over the issue price
Today i.e. on October 1, the company that makes chemical company Chemcon Specialty Chemicals Limited has got a bumper listing in the stock market. The company’s stock was listed on BSE at a price of Rs 730.95. While the issue price for the IPO was Rs 340 per share. The company’s stock was listed at Rs 731 on the NSE. In the case of listing gains, Chemcon has also surpassed Happiest Minds and Route Mobile this year. However, in trading, shares are seen falling after listing. After the share listing, it reached a high of Rs 743.80. By 11 am, the stock had lost nearly 16.5 per cent at Rs 610.60.
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CAMS: Listed at 23% gain over issue price
On 1 October, Computer Edge Management Services i.e. CAMS has also been listed in the stock market. The company’s stock was listed at Rs 1518 on BSE. While the issue price for the IPO was Rs 1230 per share. After the listing, the stock reached a high of Rs 1550. However, it declined after some time. After listing in Cam’s stock, weakness is being seen. The stock is trading 6 percent weaker than the listing price at Rs 1423.95.
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Source: www.financialexpress.com
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