2021 will go down in history as the year of IPOs as 65 companies earned great returns
The year 2021 will surely go down as one of the most successful years for Initial Public Offering (IPO) in India in the history of primary markets as over Rs 1.30 lakh crore was availed by 65 companies during the year.
Despite the pandemic leaving a deep impact on the Indian economy, especially during the first quarter of the current fiscal year 2021-22, the fact that so many companies came out with public offers shows that the market and stock markets There is enough money. Not that much has been affected by the health scare prevailing in India.
From food delivery platforms to cosmetics firms to healthcare organizations, everyone makes their big bucks from primary market activity and so as 2021 comes to an end, we bring you the top 10 IPOs of the year:
One97 Communications (Paytm)
One 97 Communications, the parent company of digital payments platform Paytm, managed to raise Rs 18,300 crore through its IPO, becoming the biggest public issue ever in the country.
This broke the Rs 15,200 crore record that was set by the IPO of Coal India Limited (CIL) in 2010.
Despite being subscribed 1.89 times, Paytm made a disappointing start in the stock markets as it fell 27 per cent from its issue price (Rs 2,150 per share). No matter how bad its secondary market debut, Paytm turned out to be a blockbuster, at least in the primary market.
zomato
Online food delivery platform Zomato brought India’s second largest IPO in 2021.
It raised Rs 9,375 crore through a public offer, which was subscribed 38.25 times.
However unlike Paytm, Zomato made an impressive debut in the stock market, listing at a 53 per cent premium to its issue price.
PB Fintech
PB Fintech, parent company of online insurance aggregator PolicyBazaar and credit comparison platform Paisabazaar, raised Rs 5,710 crore from the primary market. This included a fresh issue of equity shares worth Rs 3,750 crore and an offer for sale by existing shareholders for Rs 1,960 crore.
PB Fintech’s IPO subscribed 16.59 times. The company entered the market at a premium of 17 per cent over its issue price.
Nykaa (FSN E-Commerce Ventures)
Online beauty platform Nykaa’s IPO was subscribed 82 times. The public issue of FSN E-Commerce Ventures Limited received over 200 crore bids against 2.64 crore shares and raised Rs 5,352 crore from the issue. This included a fresh issue of Rs 630 crore and an offer for sale worth Rs 4,722 crore. At the upper end of the price band, one of the 12 Nykaa shares in the IPO is priced at Rs 13,500.
The Falguni Nair-led company also made a strong debut in the stock market and got listed at a premium of 79 per cent over its issue price.
CE Info Systems (Mapmyindia)
The IPO of digital mapping company CE Info Systems was subscribed 154.71 times. Bids were received for 108.98 crore (1,08,98,95,450) shares in an offer of Rs 1,040 crore, while the total issue size was over 70.44 lakh (70,44,762).
Power Grid Corporation of India
POWERGRID InvIT was also one of the biggest public offerings of 2021, raising Rs 7,735 crore at a price of Rs 100 per unit. The offer was subscribed 4.83 times.
Incognito View Analytics
The IPO of Latent View Analytics, a global data and analytics company, was subscribed 326.49 times, thus making it one of the major public issues of the year.
The portion reserved for non-institutional investors was subscribed 850.66 times and qualified institutional buyers 145.48 times. Retail investors had bid 119.44 times the earmarked share for them and employees’ share was subscribed 3.87 times.
Tega Industries
The company’s IPO received a good response from investors as the Rs 619 crore issue was subscribed 219 times, with all investor categories oversubscribing their share of the issue.
Tega Industries is a leading manufacturer of distinctive ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry. Globally, it is the second largest producer of polymer-based mill liners.
go fashion
Go Fashion, the owner of women’s clothing brand Go Colors, also had one of the most successful IPOs of the year as it was subscribed 135.46 times. The portion set aside for non-institutional investors was subscribed 262.08 times, and 100.73 times for eligible institutional investors, while retail investors bid 49.70 times of the portion reserved for them.
Medplus Health
MedPlus Health, India’s second largest pharmacy retailer in terms of number of stores and revenue, also came out with its public offering, which turned out to be one of the most successful IPOs of the year, thus worthy of a mention in the list.
Medplus Health’s IPO was subscribed 52.59 times. It subscribed 5.24 times in the retail category, 111.90 times in the qualified institutional buyers category and 85.33 times in the non-institutional investors category.
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