Jhunjhunwala backed IPOs in 2021: This year IPOs of some companies also came in which the name of Big Bull Rakesh Jhunjhunwala was also associated, due to which the attraction of investors towards them increased.
Jhunjhunwala backed IPOs in 2021: This year was great for IPO investors and this year Paytm brought the biggest IPO ever, then for the first time in the country, startup company Zomato brought IPO. This year IPOs of some companies also came in which the name of the legendary investor Rakesh Jhunjhunwala, who is called Warren Buffet of India, was also associated, due to which the attraction of investors towards them increased.
This year, Nazara Technologies, Star Health and Allied Insurance Company and Metro Brands were the only companies in which Big Bull Jhunjhunwala has a stake and their IPO came this year. In these companies, only the view gave excellent returns to IPO investors. Shares of 85 companies have been listed on the BSE this year, out of which 61 got gains on the day of listing, while the remaining IPO investors suffered losses on the day of listing.
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Nazara Technologies
- The IPO of online gaming company Nazara Technologies was open for subscription between March 17-19.
- This issue was subscribed 175.46 times.
- Its price band was fixed at Rs 1100-1101 per share and when it was listed on March 30, IPO investors got a gain of 43.22 per cent on the day of listing. The stock is currently trading at a premium of 102.5 per cent over the issue price.
- Rakesh Jhunjhunwala holds 10.82 percent stake in this company.
- When its IPO came, it was advised to subscribe by most of the market experts as the gaming industry in the country is growing rapidly and the view is being seen as a platform from where strategic acquisitions can be made in the gaming ecosystem. .
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Star Health
- The IPO of Star Health, one of the country’s largest health insurance companies in the private sector, was open for subscription between November 30 and December 2.
- Despite the name of Big Bull being associated with this issue, it could not even be fully subscribed. The issue was subscribed just 0.79 times.
- The price band for this issue was fixed at Rs 870-900 per share and on the day of listing on December 10, investors got a gain of just 0.76 per cent. As of now, the basic capital of this IPO investors has also come down because its price is now at a discount of 11.14 percent.
- Jhunjhunwala has 14 per cent stake in this company and his wife Rekha Jhunjhunwala has 3.26 per cent stake.
- The valuation of this IPO was termed as expensive by some brokerage firms and some brokerage firms advised to subscribe for the long term.
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Metro Brands
- The IPO of the leading footwear retail company Metro Brands was open for subscription from 10-14 December.
- When the name of veteran investor Rakesh Jhunjhunwala was associated with this company, the attraction of investors had increased but it could not get subscription like view. It got 3.64 times subscriptions.
- The price band for this issue was fixed at Rs 485-500 per share and when its shares were listed on December 22, investors were disappointed.
- IPO investors’ capital declined by 1.29 per cent on the day of listing.
- According to the RHP (Red Herring Prospectus) filed by Metro Brands, Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala holds 4.91-4.91 per cent or 14.73 per cent stake as a trustee of three family trusts.
- Experts had mixed opinions regarding this IPO but are positive about the company’s growth due to the company’s wide range of brands and products.
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