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Out of 570 IPOs in last 5 years, only 5 have delivered over 100% gains on the day of listing

Out of 570 IPOs in last 5 years, only 5 have delivered over 100% gains on the day of listing

Out of 570 IPOs in last 5 years, only 5 have delivered over 100% gains on the day of listing
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By Mousumi Paul  Oct 16, 2019 7:31:36 AM IST (Updated)

Earlier this week we saw a stellar stock market debut by IRCTC. But this was just one of the very rare cases. In fact, except IRCTC, only four IPOs in the last 5 years have given more than 100 percent gains on the day of listing. Can you guess these?

Initial Public Offerings (IPOs) in 2019 have fared very well despite all the economic crisis cry and volatile equity markets. In fact, before IRCTC, there are 5 stellar examples of IPOs that have risen over 100 percent on the day of listing. In fact, out of 570 IPOs in the last 5 years, only 5 saw such gains.

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These 5 IPOs are IRCTC, Atron Paper, Avenue Supermarts, Salasar Techno Engineering and Fineotex Chemicals. Out of these 5, only Avenue Supermarts continues to be the ‘quality’ stock which has escalated 186.28 percent since its listing day.
FY17 was the most fruitful year for the IPOs as 3 out of the 5 above IPOs were introduced to the bourses that year. However, most of the IPOs in the last 5 years have turned into penny stocks.
Furthermore, out of 10 big IPOs in 2019, IndiaMART continued to be the flag-bearer of stellar returns followed by Neogen Chemicals. Since the listing date, IndiaMART has rallied 66 percent, while Neogen Chemicals has jumped 36 percent till date.
The public offers of Affle India and Metropolis Healthcare have delivered returns soaring up about 40 percent and 49 percent respectively. The only ones that failed to give positive returns are three companies i.e. MSTC, Sterling & Wilson and Xelpmoc Design and Tech.
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