How the IPO Market Fared in 2020

  • Investing.com
  • Stock Market News
How the IPO Market Fared in 2020
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- As Antony Waste Handling Cell Ltd (NS: ANTONY ) makes its debut on Indian indices today, the first day of 2021, let’s take a look at how 2020 treated companies that listed on markets.

SBI (NS: SBI ) Cards and Payment Services Ltd (NS: SBIC ) was the first IPO that came out in March with a price band of Rs 750- Rs 755. It ended 2020 At Rs 850.9, up 12.7%.

There was a gap of over three months, thanks to the pandemic before Rossari Biotech Ltd (NS: ROSB ) came out with a price band of Rs 423- Rs 425. It closed 2020 at Rs 936, up over 120%.

Next up, also in July, was Mindspace Business Parks Reits (NS: MINS ) at Rs 274- Rs 275. It closed at Rs 320.81, up 16.65%.

September saw eight companies launch their IPOs as there were clear signs of recovery in the economy:

  1. Happiest Minds Technologies Ltd (NS: HAPP ), price band of Rs 165 – Rs 166, closed at Rs 343.65, up 107%.
  2. Route Mobile (NS: ROUT ), price band of Rs 345 – Rs 350, closed at Rs 1,099, up 214%.
  3. Chemcon Speciality Chemicals Ltd (NS: CHEO ), price band of Rs 338 – Rs 340, closed at Rs 498.9, up 46.7%.
  4. Computer Age Management Services Lt (NS: COMU ), price band of Rs 1,229- Rs 1,230, closed at Rs 1,818, up almost 48%.
  5. Angel Broking Ltd (NS: ANGB ), price band of Rs 305 – Rs 306, closed at Rs 338, up 10.45%.
  6. Uti Asset Management Co Ltd (NS: UTIA ), price band of Rs 552 – Rs 554, closed at Rs 556, up less than 0.36%.
  7. Likhitha Infrastructure Ltd (NS: LIKI ), price band of Rs 117 – Rs 120, closed at Rs 164.15, up 36.7%.
  8. Mazagon Dock Shipbuilders Ltd (NS: MAZG ), price band of Rs 135 – Rs 145, closed at Rs 218.1, up 46.7%.

October saw a breather with just Equitas Holdings Ltd (NS: EQHL ) listing on the indices. With a price band of Rs 32 – Rs 33, it closed at Rs 68, up 106%.

November saw Gland Pharma Ltd (NS: GLAD ) debut on the markets. It had a price band of Rs 1,490 – Rs 1,500. It closed at Rs 2,338, up almost 56%.

December saw Burger King India Ltd (NS: BURG ) list with a price band of Rs 59 – Rs 60. It closed at Rs 175.4, up 192%.

There are a slew of IPOs lined up for 2021. Will IPOs be able to continue their momentum in the New Year? Only time will tell.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles