2021. has a record year for Initial Public Offering (IPO) As companies, especially new-age technology startups, sought to take advantage of a rising market share. The bullish trend in the stock markets stimulated the interest of retail investors in the initial share sale. Some bets worked effectively, some kept the pace while some didn’t.
Shares of MTAR Technologies made a great debut in March 2021 and the stock has risen over 291% from its issue price 575. Shares of Paras Defense have risen over 285% from the issue price, followed by Neureca which is up 247% from its issue price, Lakshmi Organics (230%), Easy Trip (175%), Clean Science (167%) , Macrotech Developers (153%), Latent View Analytics (151%), Tattva Chintan 131% while Nazar Tech is up 103% from its IPO issue price.
Meanwhile, the much-awaited IPOs of Zomato and Nykaa, which got listed at an exciting premium, are trading at 56% and 85% higher than their issue price, respectively.
Primary issue market hits an all-time high with 63 corporates 1,18,704 crore through main-board IPOs so far in 2021, which is almost 4.5 times higher than 26,613 crores raised through 15 issues in 2020 and almost double the previous best 68,827 crore in 2017, according to a report by Prime Database.
There is also a strong pipeline for IPOs in 2022 and momentum is expected in the new year as well. At present, 35 companies have secured the market regulator’s approval for their IPOs next year, which is broadly proposed to be increased 50,000 crores as per Prime Database.
Another 33 companies, which are awaiting regulatory approval, are planning to raise funds near 60,000 crores. LIC’s much-awaited IPO is also expected to launch next year.
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