scorecardresearch8 IPOs list at 100% premium to issue price between FY20-FY22 till date

8 IPOs list at 100% premium to issue price between FY20-FY22 till date

Updated: 23 Mar 2022, 10:59 AM IST
TL;DR.

IPOs listed in FY21 fared much better on the listing day versus the ones listed in FY20 and FY22 till date, a study by KPMG highlighted. Four of the 26 companies were listed at a premium in excess of 100 percent in FY21, compared to 1 in FY20 and 3 in the first 9 months of FY22. Let's take a look:

IRCTC: The stock listed at a 101 percent premium at  <span class='webrupee'>₹</span>644 per share from its issue price of  <span class='webrupee'>₹</span>320. It was listed on October 14, 2019, and was one of the biggest listings of FY20. After its listing, the stock rose over 98 percent to its new high of  <span class='webrupee'>₹</span>1,278 in October 2021 but it has tanked around 40 percent since then to currently trade around  <span class='webrupee'>₹</span>765.

IRCTC: The stock listed at a 101 percent premium at 644 per share from its issue price of 320. It was listed on October 14, 2019, and was one of the biggest listings of FY20. After its listing, the stock rose over 98 percent to its new high of 1,278 in October 2021 but it has tanked around 40 percent since then to currently trade around 765.

Happiest Minds: The stock listed at an 111 percent premium at  <span class='webrupee'>₹</span>351 from its issue price of  <span class='webrupee'>₹</span>166. It was listed on September 17, 2020. The stock surged 350 percent from its listing price to hit its new high of  <span class='webrupee'>₹</span>1,581 in July 2021. However, amid weak overall market sentiment, it has shed 28 percent since then to currently trade around  <span class='webrupee'>₹</span>1,136.

Happiest Minds: The stock listed at an 111 percent premium at 351 from its issue price of 166. It was listed on September 17, 2020. The stock surged 350 percent from its listing price to hit its new high of 1,581 in July 2021. However, amid weak overall market sentiment, it has shed 28 percent since then to currently trade around 1,136.

Route Mobile: The stock listed at 102 percent premium at  <span class='webrupee'>₹</span>708 per share as against its issue price of  <span class='webrupee'>₹</span>350. It was listed on September 21, 2020. The stock rallied over 237 percent since listing to hit its new high of  <span class='webrupee'>₹</span>2,388 in October 2021. But It has fallen around 35 percent since its peak to currently trade around 1,560.

Route Mobile: The stock listed at 102 percent premium at 708 per share as against its issue price of 350. It was listed on September 21, 2020. The stock rallied over 237 percent since listing to hit its new high of 2,388 in October 2021. But It has fallen around 35 percent since its peak to currently trade around 1,560.

Chemcon Specialty: The stock listed at an 115 percent premium at  <span class='webrupee'>₹</span>731 to its issue price of  <span class='webrupee'>₹</span>340. It was listed on October 1, 2020. Despite the stellar listing, the stock has crashed and is currently trading around 63 percent lower from its listing price at  <span class='webrupee'>₹</span>276, which is also below its issue price.

Chemcon Specialty: The stock listed at an 115 percent premium at 731 to its issue price of 340. It was listed on October 1, 2020. Despite the stellar listing, the stock has crashed and is currently trading around 63 percent lower from its listing price at 276, which is also below its issue price.

Indigo Paints: The stock listed at 109 percent premium at  <span class='webrupee'>₹</span>3,118 from its issue price of  <span class='webrupee'>₹</span>1,490. It was listed on February 2, 2021. The stock is currently trading 49 percent lower form its listing price at  <span class='webrupee'>₹</span>1,587.

Indigo Paints: The stock listed at 109 percent premium at 3,118 from its issue price of 1,490. It was listed on February 2, 2021. The stock is currently trading 49 percent lower form its listing price at 1,587.

GR Infra: The stock was listed at  <span class='webrupee'>₹</span>1700, up 103 percent from its issue price of  <span class='webrupee'>₹</span>837. It was listed on July 19, 2021. The stock then rose 34 percent from its listing price to hit its new high of  <span class='webrupee'>₹</span>2,277 but has since fallen 37 percent to currently trade around  <span class='webrupee'>₹</span>1,443.

GR Infra: The stock was listed at 1700, up 103 percent from its issue price of 837. It was listed on July 19, 2021. The stock then rose 34 percent from its listing price to hit its new high of 2,277 but has since fallen 37 percent to currently trade around 1,443.

Paras Defence: The stock was listed at a whopping 171 percent premium at  <span class='webrupee'>₹</span>475 versus its issue price of  <span class='webrupee'>₹</span>175. It was listed on October 1 2021. After listing, the stock surged 168 percent to its newh igh of  <span class='webrupee'>₹</span>1,272, hit in October 2021, however, the recent weakness in markets has led it to fall nearly 52 percent from its peak.

Paras Defence: The stock was listed at a whopping 171 percent premium at 475 versus its issue price of 175. It was listed on October 1 2021. After listing, the stock surged 168 percent to its newh igh of 1,272, hit in October 2021, however, the recent weakness in markets has led it to fall nearly 52 percent from its peak.

Sigachi Industries: The stock was listed at  <span class='webrupee'>₹</span>575, up 270 percent from its issue price of  <span class='webrupee'>₹</span>163. It was listed on November 15, 2021. Since listing it has risen 13 percent to its new high of  <span class='webrupee'>₹</span>648 in November 2021 but has cracked 53 percent to currently trade at  <span class='webrupee'>₹</span>300.

Sigachi Industries: The stock was listed at 575, up 270 percent from its issue price of 163. It was listed on November 15, 2021. Since listing it has risen 13 percent to its new high of 648 in November 2021 but has cracked 53 percent to currently trade at 300.

First Published: 23 Mar 2022, 10:59 AM IST