Six out of seven IPOs in FY17 listed at a premium

Seven companies have been listed on Indian stock markets this year raising a collective Rs 7128 crore.

L&T Infotech, which got listed on July 21, last on the block has a feather to its cap. It is the only IPO that got listed at a discount this year.

The company lost over 6% on its debut and opened at Rs 666.60 on BSE Sensex. It had an issue price of Rs 710 per share. However, the shares quickly gained some ground and were trading at Rs 703.15 per share at 1300 hours. It is still nearly one percent under its issue price.

Here are how the other six IPOs of the year performed on their listing day:

Ujjivan Financial Services: Micro-finance Services major, was listed at Rs 232, at a premium of 10.47% from its issue price.

So far, the company has been a shiner.

Currently, it is trading at Rs. 412, registering around 96% profit within two months, the highest among other IPOs.  

Equitas Holdings Ltd: Financial Services provider, was among the top IPO this year raising Rs 2,177 crore.

The company listed at a premium of 33%, at Rs 146 from its issue price of Rs. 110.

Currently, the company is trading at Rs 175 per share.

Infibeam Inc: E-commerce Company Infibeam Incorporation was listed at 6% premium from its issue price.

Presently, the company is trading at Rs. 677.5per share, registering nearly 57% profit by far.

Parag Milk Foods: Dairy-based products manufacturer, on BSE got listed at Rs 217 per share, a premium of just 1.16% from its issue price.

The company reported net profit at Rs 16.09 crore for the quarter ended in March 2016 as against Rs 16.08 crore in the year-ago period.

The current price of a share is around Rs 330.65 per share, higher by 54% since its listing.

Mahanagar Gas Ltd: The sole distributer of (compressed natural gas) CNG and (piped natural gas) PNG in Mumbai.

On its first day of listing, the company made its debut at Rs 540, a 28% premium from its issue price.

At present, the share price of MGL is trading at Rs 509.4, a 21% increase in 3 weeks.

Quess Corp: Thomas Cook backed company, on its first day of listing on stock exchanges, debuted with a 57% premium over its issue price of Rs 317 per share. 

Within a week, the company has given around 56% profit, currently trading at Rs. 495.80.

Advanced Enzyme Technologies: This would be the eight IPO of the year. The bids will close on July 22, 2016. On the first day of its IPO, the company has been subscribed by 40%.