Year Ender 2021: 5 new-age companies' IPO with strong listings; analyst gives outlook for next year

As many as 65 companies launched their Initial Public Offering (IPOs) in 2021 and raised over Rs 1.3 lakh cr from the primary markets. Out of these, 11 new-age companies launched their issues this year and raised over Rs 47,000 crore  

A more granular analysis reveals that 52 per cent of the Rs 47,000 cr that was raised by these new-age companies was from the Offer For Sale (OFS) while the remaining 48 per cent was through the issue of fresh shares. This translates into Rs 24,440 cr raised via OFS while Rs 22,560 cr was raised through the issue of fresh shares.   

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New-age companies’ IPO: 

1. Fino Payments Bank Limited 
2. One 97 Communications Limited (Paytm)  
3. MTAR Technologies Limited 
4. Nazara Technologies 
5. Easytrip Planners 
6. CE Info Sytems Limited (MapmyIndia) 
7. FSN E-commerce Ventures (Nykaa), 
8. Zomato Limited 
9. Cartrade Tech Limited 
10. PB Fintech Limited 
11. Rategain Travel Technologies Limited 

As we end the year, 5 companies were trading positively while the remaining six were trading below the issue price. Zee Business Research Analyst Varun Dubey brings this exclusive research. He brings companies that received tremendous investor responses and listings. top 5 companies. We also bring the outlook for these companies.   

HIT IPOs

Nazara Tech – Nazara Tech received the highest subscription at 176 per cent. It is also among companies that had the best listing on the exchanges only behind MTAR technologies. Nazara Tech has been the biggest hit and is trading above Rs 2300 on the NSE.  

The Rakesh Jhunjhunwala-backed company has returned over 600 per cent gains from the listing issue price of Rs 305. It was the most successful IPO of 2021, market expert Vikas Sethi said. Sethi is Managing Director of Sethi Finmart.  

The company has been increasing its growth by way of acquisitions, he said. The gaming company offers huge growth opportunities. The stock has corrected significantly from its highs of 3356. Buying on dips is recommended with a medium to long-term view. The price target is Rs 3000 with a 9-12 months view. 

MapMyIndia – While the company is old, it offers services in things of great utility. It offers map services and is in a very niche segment. The issue was subscribed 155 times at the time of IPO and the stock was listed at a premium of 51 per cent. It was in the backdrop of Foreign Institutional Investors (FIIs) pulling their money out from the domestic markets.  

Sethi called it an excellent company with a unique business model and high growth prospects. Buying on dips is recommended and at current levels as well. The price target is Rs 1750, he said. 

FSN E-commerce Ventures (Nykaa) was one of the most talked-about IPOs. It is one of the few new-age companies to be profitable. It was rewarded by investors and the issue was subscribed 82 times. The listing premium was 80 per cent.  Sethi said that the company was very strong and investors have the opportunity to earn from this counter. Buying is recommended with a price target of Rs 2750 and a 12-month view.  

PB Fintech is another company that received a good response. It was subscribed to 17 ties and was largely a fresh issue. Though it gave listing gains but could not sustain it. It was listed at a 17 per cent premium over the issue price of Rs 980.  

The holding company of Policy Bazaar had a strong listing and the price and the stock corrected from the highs of Rs 1470. It has a huge opportunity for growth considering the low penetration of insurance in India. He suggests buy on the decline for a price target of Rs 1500. The stock was trading at Rs 977 on the NSE. He has a 12-month view on this stock. 

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नए लिस्टेड #IPO पर खास पेशकश..

2021 में 11 न्यू एज कंपनियां लिस्ट
कौन रहीं बेस्ट और कौन फिसड्डी?
2022 के लिए किन पर करें भरोसा?
आगे मौका या निकलना है सही?

देखिए खास शो 'नए साल में IPO का हाल' @VarunDubey85 @davemansi145 https://t.co/T4aXpRtP4d

— Zee Business (@ZeeBusiness) December 27, 2021

Zomato – This was also one of the most hyped IPO issues. It was subscribed 38 times, though lower than the expectations. It was listed at a premium of 50 per cent over the issue price of Rs 76.  

Sethi said that the food delivery services company operates in India and 24 other countries. I have huge growth opportunities, despite being unprofitable today. The stock has corrected from highs from the highs of Rs 169. He puts a target of Rs 200 with a 1-year view. This stock was trading at Rs 132 today around 2:50 pm.