2021 will go down in history as the year of the IPO when 65 companies reap high profits
2021 is sure to go down in primary market history as one of the most successful years for Initial Public Offerings (IPOs) in India as over Rs 1.30 lakh crores was sold by 65 companies during the year.
Despite the pandemic leaving a profound impact on the Indian economy, especially in the first quarter of the current fiscal 2021-22, the fact that so many companies go public, shows that there is enough money on the stock market and the stock market. in India are not much affected by the widespread health fear.
Right from food delivery platforms for cosmetic companies to healthcare entities, everyone is making big bucks from primary market activity and so when 2021 is over, we I bring you the top 10 IPOs of the year:
One 97 Communications (Paytm)
Paytm’s parent company, One 97 Communications, digital payments platform, has raised Rs 18,300 crore through its IPO, which turned out to be the biggest public offering ever in country.
It went on to break the record of Rs 15,200 crore, set by the IPO of Coal India Limited (CIL) in 2010.
Despite being registered 1.89 times, Paytm had a dismal debut on the exchange seeing a 27% drop from the issue price (Rs 2,150 per share). However, its secondary market launch may have been bad, at least Paytm has become a blockbuster in the primary market.
Zomato
Online food delivery platform Zomato launches with second-biggest IPO in India in 2021.
It raised Rs 9,375 crore through public offering, registered 38.25 times.
However, unlike Paytm, Zomato has had an impressive debut on the stock market, listing at 53% above the issue price.
PB Fintech
PB Fintech, the parent company of online insurance aggregator Policybazaar and credit comparison platform Paisabazaar, has raised Rs 5,710 crore from the primary market. It includes a new share issue of Rs 3,750 crore and an offer to sell Rs 1,960 crore by existing shareholders.
PB Fintech’s IPO has been registered 16.59 times. The company goes to market at a price 17% higher than the issue price.
Nykaa (FSN E-Commerce Joint Venture)
Nykaa’s IPO online beauty platform has been registered 82 times. The public offering of FSN E-Commerce Ventures Limited received over 200 crore bid compared to 2.64 crore of shares offered for sale and raised Rs 5,352 crore from the issuance. It includes a new issue number of Rs 630 crore and a sale offer worth Rs 4,722 crore. At the bottom of the range, a batch of 12 Nykaa shares in the IPO is priced at Rs 13,500.
The company, led by Falguni Nayar, also had a strong debut on the stock market when it was listed at 79% above the issue price.
CE Information System (MapmyIndia)
The IPO of digital mapping company CE Info Systems has been registered 154.71 times. The offer of Rs 1,040 crore received a bid of more than 108.98 crore (1,08,98,95,450) shares against a total issue size of more than lakh 70.44 lakh (70,44,762) shares.
Power Grid Corporation of India
PowerGrid InvIT, which is also one of the biggest public issues of 2021, raked in Rs 7,735 crore at a price of Rs 100 per unit. Offer has been registered 4.83 times.
Potential View Analysis
The IPO of global data and analytics company Latent View Analytics was registered 326.49 times, thus becoming one of the major public issues of the year.
The section for non-institutional investors was registered 850.66 times and that of qualified institutional buyers 145.48 times. Retail investors bid 119.44 times their share, and employees’ share registered 3.87 times.
Tega Industries
The company’s IPO received a strong response from investors as the Rs 619 crore issue was registered 219 times with all categories of investors oversubscribing their share of the issue. .
Tega Industries is a leading manufacturer of specialized ‘operational-critical’ and recurring consumables for the global mining, extraction and bulk solids handling industry. Globally, it is the second largest producer of polymer mill liners.
Go fashion
Go Fashion, the owner of women’s clothing brand Go Colors, was also one of the most successful IPO brands of the year as it was registered 135.46 times. The section for non-institutional investors has been registered 262.08 times and that of qualified institutional investors has been registered 100.73 times, while retail investors have bid bid 49.70 times their share.
MedPlus Health
MedPlus Health, India’s second-largest pharmaceutical retailer in terms of stores and revenue, also launched a public offering, which turned out to be one of the most successful IPOs of the year, so it will mentioned in this list.
Medplus Health’s IPO has been registered 52.59 times. It registered 5.24 times in the retail category, 111.90 times in the qualified institutional buyer category and 85.33 times in the non-institutional investor category.
