How IPOs have done till now in 2020: Anil Singhvi reveals top performers and duds

In 2020, many companies brought Initial Public Offerings (IPO) to raise money from the markets and some of the public issues were blockbusters while others did not generate as much. Many did okay. In chat with Zee Business Managing Editor Anil Singhvi, Research Analyst Ashish Chaturvedi brings a detailed report on the top performers and the duds.  

Chaturvedi said that in 2020, 10 companies got listed. Among the ones are Mazagon Dock Shipbuilders and UTI Asset Management Company (UTI AMC) who got listed on Monday. 

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इस साल शेयर बाजार में अब तक लिस्ट हुईं 10 कंपनियां...

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The returns were doubled in four such IPOs out of the 10 listings this year, he said. There are three stocks which are currently trading at the price above the listing price. Two stocks have been listed below the offer price, he added. If UTI AMC is include the number will become three. 

He said that Angel Broking is the only stock where the investors have seen losses since the time of listing. Even Zee Business had advised investors to avoid this IPO for investment or listing gains. This stock is currently trading down by 10 per cent from the listing price. 

Most other stocks are currently doing okay, Chaturvedi said.      

Meanwhile, Computer Age Management Services (CAMS) is trading up by over 8 per cent against the listing price. Chemcon Speciality Chemicals Ltd (Chemcon) is trading up by over 43 per cent from the listing price. This IPO was not only subscribed well, but also listed at a 72 per cent premium, he further said.  

Mazagon Dock had the highest subscription among its peers. This stock was subscribed by 157 times. This listing of this stock was good, though the stock is now trading slightly down, he said. 

Route Mobile and Happiest Minds stocks were listed at a premium of over 86 per cent and 123 per cent and these two stocks have hold on to their gains.  

Mindspace REIT and Rosari Biotech are also trading above the listing price. 

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Though SBI Cards got listed at a 9 per cent discount, this stock has shed listing losses and is now trading up by over 12 per cent from the listing price.