As the ‘year of IPOs’ ends, here is the list of winners & losers
ET Bureau|
Updated: Dec 25, 2017, 08.28 AM IST
By Ranjit Shinde and Jaikishan Yadav
With as many as 163 IPOs, the year 2017 will go down as the year of IPOs. This was the largest number of IPOs launched in a single year in the past 20 years, shows data from Prime Database. In addition, the amount of ₹ 75,859 crore raised through IPOs in 2017, according to the data compiled by the ET Intelligence Group, was not only the highest ever but also larger than ₹56,896 crore that was collected between 2011 and 2016 cumulatively.
Of the total number of IPOs, nearly half — 75 to be precise — were able to beat the 31% return of the broader benchmark, Nifty 50, while 42 IPOs failed to earn returns over their respective offer prices. A majority of the IPOs were of smaller issue size of under ₹100 crore. There were 36 IPOs that raised more than ₹100 crore each from the primary market. In this sample, Apex Frozen Foods was the biggest gainer.
The stock of shrimp manufacturer has risen by nearly five times since the listing on September 4. Shankara Building Products and Avenue Supermarts were next in the pecking order. On the other end of the spectrum, CL Educate was the biggest loser. The company, which offers educational products and services has lost nearly 43% since its listing on March 31.
With as many as 163 IPOs, the year 2017 will go down as the year of IPOs. This was the largest number of IPOs launched in a single year in the past 20 years, shows data from Prime Database. In addition, the amount of ₹ 75,859 crore raised through IPOs in 2017, according to the data compiled by the ET Intelligence Group, was not only the highest ever but also larger than ₹56,896 crore that was collected between 2011 and 2016 cumulatively.
Of the total number of IPOs, nearly half — 75 to be precise — were able to beat the 31% return of the broader benchmark, Nifty 50, while 42 IPOs failed to earn returns over their respective offer prices. A majority of the IPOs were of smaller issue size of under ₹100 crore. There were 36 IPOs that raised more than ₹100 crore each from the primary market. In this sample, Apex Frozen Foods was the biggest gainer.
The stock of shrimp manufacturer has risen by nearly five times since the listing on September 4. Shankara Building Products and Avenue Supermarts were next in the pecking order. On the other end of the spectrum, CL Educate was the biggest loser. The company, which offers educational products and services has lost nearly 43% since its listing on March 31.
