Does March Signal the End of the IPO Frenzy?

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  • Stock Market News
Does March Signal the End of the IPO Frenzy?
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- 2020 was a good year to list for companies who wanted to raise money through an IPO. Almost all companies that listed from April 2020 gave good returns to their subscribers. However, 2021 was when the tide began to turn. Companies that IPO'ed couldn’t give 40-50% listing gains that was the norm in 2020. Worse, as the days passed, companies that debuted couldn’t hold on to their issue price levels either and fell below in several cases.

The week of March 22-26 saw five companies list and only one of them is currently trading over its issue price. Investing.com breaks up the three months of the New Year so far and takes a look at how the IPO stocks have fared:

JANUARY

  1. Antony Waste Handling Cell Pvt Ltd (NS: ANTO )

Date of Listing: January 1

Issue Price: Rs 315

Price on March 26: Rs 253.25

Percentage difference: Down 19.6%

 

  1. Indian Railway Finance Corp (NS: INID )

Date of Listing: January 29

Issue Price: Rs 26

Price on March 26: Rs 23

Percentage difference: Down 11.5%

 

FEBRUARY

  1. Indigo Paints Pvt Ltd (NS: INDG )

Date of Listing: February 2

Issue Price: Rs 1,490

Price on March 26: Rs 2,299.8

Percentage difference: Up 54.3%

 

  1. Home First Finance India Ltd (NS: HOME )

Date of Listing: February 3

Issue Price: Rs 518

Price on March 26: Rs 455.9

Percentage difference: Down 11.9%

 

  1. Stove Kraft Ltd (NS: STOE )

Date of Listing: February 5

Issue Price: Rs 385

Price on March 26: Rs 456

Percentage difference: Up 18.4%

 

  1. Brookfield India Real Estate Trust (NS: BROF )

Date of Listing: February 16

Issue Price: Rs 275

Price on March 26: Rs 223. 9

Percentage difference: Down 18.6%

 

  1. Nureca Ltd (NS: NURE )

Date of Listing: February 25

Issue Price: Rs 400

Price on March 26: Rs 603

Percentage difference: Up 50.75%

 

  1. Railtel Corp Of India Ltd (NS: RAIT )

Date of Listing: February 26

Issue Price: Rs 94

Price on March 26: Rs 127.4

Percentage difference: Up 35.5%

MARCH

1. Heranba Industries Ltd (NS: HERN )

Date of Listing: March 5

Issue Price: Rs 627

Price on March 26: Rs 630.7

Percentage difference: Up 0.6%

 

  1. Mtar Technologies Pvt Ltd (NS: MTAR )

Date of Listing: March 15

Issue Price: Rs 575

Price on March 26: Rs 1,017

Percentage difference: Up 63.8%

 

  1. Easy Trip Planners Pvt Ltd (NS: EASM )

Date of Listing: March 19

Issue Price: Rs 187

Price on March 26: Rs 215.5

Percentage difference: Up 15%

 

  1. Anupam Rasayan India Ltd (NS: ANUY )

Date of Listing: March 24

Issue Price: Rs 555

Price on March 26: Rs 493

Percentage difference: Down 11.1%

 

  1. Craftsman Automation Ltd (NS: CRAF )

Date of Listing: March 25

Issue Price: Rs 1,490

Price on March 26: Rs 1,496.25

Percentage difference: Up 0.4%

 

  1. Laxmi Organic Co Ltd (NS: LAXR )

Date of Listing: March 19

Issue Price: Rs 130

Price on March 26: Rs 187.6

Percentage difference: Up 44.3%

 

  1. Kalyan Jewellers India Pvt Ltd (NS: KALN )

Date of Listing: March 26

Issue Price: Rs 87

Price on March 26: Rs 75.2

Percentage difference: Down 13.5%

 

8. Suryoday Small Finance Bank

Date of Listing: March 26

Issue Price: Rs 305

Price on March 26: Rs 277.8

Percentage difference: Down 8.9%

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