IPO Performance in 2020

Nikita Bhoota Nikita Bhoota 15th December 2022 - 06:09 pm

The year 2020 has seen a fewer number of listings but witnessed a lot of participation on Dalal Street. Nearly 39 IPO got listed in the year 2020 (including SMEs). Some of the well-known IPO details are as follows:

Company Name	Open date	Close date	Listing Date	IPO Issue Size (Rs. Cr)
Route Mobile Ltd.	09-Sep-2020	11-Sep-2020	21-Sep-2020	608.70
Burger King India Ltd.	02-Dec-2020	04-Dec-2020	14-Dec-2020	810.00
Rossari Biotech Ltd.	13-Jul-2020	15-Jul-2020	23-Jul-2020	496.49
Happiest Minds Technologies Ltd.	07-Sep-2020	09-Sep-2020	17-Sep-2020	386.11
Mrs. Bectors Foods Specialities Ltd.	15-Dec-2020	17-Dec-2020	24-Dec-2020	544.35
Gland Pharma Ltd.	09-Nov-2020	11-Nov-2020	20-Nov-2020	4,535.68
Mazagon Dock Shipbuilders Ltd.	29-Sep-2020	01-Oct-2020	12-Oct-2020	443.69
Chemcon Speciality Chemicals Ltd.	21-Sep-2020	23-Sep-2020	01-Oct-2020	318.00
Computer Age Management Services Ltd.	21-Sep-2020	23-Sep-2020	01-Oct-2020	2,244.33
Likhitha Infrastructure Ltd.	29-Sep-2020	07-Oct-2020	15-Oct-2020	61.20
Equitas Small Finance Bank Ltd.	20-Oct-2020	22-Oct-2020	02-Nov-2020	382.31
SBI Cards And Payment Services Ltd.	02-Mar-2020	05-Mar-2020	16-Mar-2020	7,571.10
Angel Broking Ltd.	22-Sep-2020	24-Sep-2020	05-Oct-2020	421.38
UTI Asset Management Company Ltd.	29-Sep-2020	01-Oct-2020	12-Oct-2020	1,515.24

Source: Ace Equity

Many of the IPO’s have given splendid returns and have doubled the wealth of investors. While, some of them have been listed at discount where investors have lost their invested capital. Below mentioned are some of the well-known IPOs that either created wealth for the investors or were listed on the exchanges at a discounted price.

Company Name	Issue Price(Rs)	Listing Price(Rs)	Gain/Loss	Last Close(Rs)	Last Close/Listing Price Gain/Loss
Route Mobile Ltd.	350	708.00	102.3%	1,098.1	213.7%
Burger King India Ltd.	60	115.35	92.3%	175.5	192.4%
Rossari Biotech Ltd.	425	670.00	57.6%	939.3	121.0%
Happiest Minds Technologies Ltd.	166	351.00	111.4%	344.1	107.3%
Mrs. Bectors Foods Specialities Ltd.	288	501.00	74.0%	514.4	78.6%
Gland Pharma Ltd.	1,500	1701.00	13.4%	2,340.3	56.0%
Mazagon Dock Shipbuilders Ltd.	145	216.25	49.1%	218.2	50.4%
Chemcon Speciality Chemicals Ltd.	340	730.95	115.0%	500.3	47.1%
Computer Age Management Services Ltd.	1,230	1518.00	23.4%	1,805.5	46.8%
Likhitha Infrastructure Ltd.	120	130.10	8.4%	165.5	37.9%
Equitas Small Finance Bank Ltd.	33	31.00	-6.1%	37.7	14.1%
SBI Cards And Payment Services Ltd.	755	658.00	-12.8%	850.8	12.7%
Angel Broking Ltd.	306	275.00	-10.1%	337.8	10.4%
UTI Asset Management Company Ltd.	554	490.25	-11.5%	555.7	0.3%

Source: Ace Equity, Last close as on December 31,2020.

Companies belonging to the IT, food and beverages, BFSI sectors generally ruled the IPO calendar for the year. Companies generally go for IPOs for raising funds to expand their business or repay the debt. For the investors, it is an opportunity to invest in a business that may have growth opportunities in the future.

Outlook:

Going forward, 2021 could be a strong year for IPOs again. The spectacular performance of recent IPOs in the year 2020 in the secondary market augurs well for the pipeline in the coming months across a range of sectors. Thus, investors can keep aside some funds to invest in upcoming IPOs after studying their fundamentals to create huge wealth in the long-run.

Disclaimer: The above details are compiled from information available on public platforms. These are not buy or sell recommendations.