IPO Performance Tracker

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IPO Performance Tracker

Indian Equity markets have seen an issue of Rs 17,984.17 crore through IPO since the month of January 2021 till 10th March 2021. With the favourable market conditions and equity market reaching new high levels, it was the perfect time for the companies to roll out the IPOs.

Summary

In the IPO performance tracker  we have compared the current market price to the issue price for investors to track their IPO investments.Many fundamentally strong IPOs have made significantly strong listing gains like Indigo paints (109.31%), MTAR (88%), and many other IPOs have also given good gains in this euphoric market as can be seen in the table. Current market prices are also compared with offer price to calculate gains linked to market price and thus providing investors a more real picture of their investments.

Issuer Name Offer price (Upper Band) Listing Day Closing Price Listing Gain Current Market price as on 29th April 2021 Gains linked to market price Classification IPO launch date IPO Size
Indigo Paints 1490 3118.65 109.31% 2336.35 56.80% Top performing Jan 20- Jan 22 1176.00
MTAR Technologies 575 1082.25 88.22% 940.55 63.57% Top performing Mar 3- Mar 5 597.00
Nureca 400 666.65 66.66% 1273.10 218.28% Top performing Feb 15-Feb 17 100.00
Nazara Technologies 1101 1576.80 43.22% 1746.00 58.58% Top performing Mar 17- Mar 19 582.91
Heranba Industries 627 812.25 29.55% 700.35 11.70% Average Feb 23-Feb 25 625.00
RailTel 94 121.40 29.15% 122.00 29.79% Average Feb 16- Feb 18
Laxmi Organics 130 164.60 26.62% 209.80 61.38% Top Performing Mar 15- Mar 17 600.00
Barbeque Nation 500 590.40 18.08% 634.20 26.84% Average Mar 24- Mar 26 452.87
Stove Kraft 385 445.95 15.83% 465.40 20.88% Average Jan 25-Jan 28 412.63
Easy Trip Planners 187 208.30 11.39% 187.65 0.35% Laggard Mar 8-Mar10 510.00
Home First Finance  518 527.40 1.81% 478.55 -7.62% Laggard Jan 21-Jan 25 1153.72
Brookefield REIT 275 269.96 -1.83% 241.80 -12.07% Laggard Feb 3- Feb 5 3800.00
Craftsman Automation 1490 1433.00 -3.83% 1360.30 -8.70% Laggard Mar 15- Mar 17 823.70
IRFC 26 24.90 -4.23% 21.20 -18.46% Laggard Jan 18- Jan 20 4633.00
Anupam Rasayan 555 525.90 -5.24% 631.70 13.82% at par Mar 12- Mar 16 760.00
Suryoday SFB 305 276.20 -9.44% 249.90 -18.07% Laggard Mar 17- Mar 19 582.34
Kalyan Jewellers 87 75.30 -13.45% 61.20 -29.66% Laggard Mar 16- Mar 18 1175.00
Total 17984.17

It can be seen from the table that public offers with low or no listing gains are still trading at prices below their offer price. Hence the investors should invest in an IPO after analysing the company and its financial performance for a couple of years. They may also track the GMP (grey market premium ) prevailing in the market. However it is worth to note that strong  GMP do not guarantee strong listing gains. Check upcoming IPO list.

 

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About CA Priyanka Choudhary Jain 76 Articles
Chartered Accountant & an experienced credit analyst. She has worked with CRISIL as a Senior Credit Analyst on rating assignments including business & financial analysis in Corporates as well as the Public Finance Sector. Please mail your queries, feedback, and any suggestions to her on info.financepost@gmail.com

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