As per the report, Adani Wilmar which was listed in January this year gave returns of 15.30 percent on listing day and returns of 155.59 percent this year. It was followed by Venus Pipes, which rose 128.53 percent in 2022 while Hariom Pipe Industries gave a post-listing return of 112.58 percent and Veranda Learning has given returns of 93.80 percent, informed the report.
As regards to listing day performance, DCX Systems rose the most on listing day, up 49.18 followed by Harsha Engineers at 47.24 percent and Hariom Pipe Industries with 46.86 percent returns on listing day.
Pranav Haldea, Managing Director, Prime Database said that all IPOs that could get the required subscription are successful. Even if an IPO is subscribed 1 time, it shows that there was enough demand for the IPO at that price. Haldea said that post the IPO, they are like any listed company and their performance depends on the economy, sector and company performance.
Keyur Majmudar, Managing Partner at Bay Capital said that compared to last year, IPO exuberance has been rightly tempered in 2022. Many IPOs scheduled at the start of the year were pushed deeper into the year owing to the macro scenario and geopolitical factors. Despite the challenges, investors continued to look at reasonably priced IPOs, and quite a few IPOs since the middle of the year received a good response. Investor appetite, while being suitable for certain types of businesses, was largely tempered for internet-based and digital-first companies.