Retail subscription in the latest two IPOs – Zomato and Tatva Chintan Pharma – is an evidence of their voracious appetite. Both the issues saw more than 32 lakh applications each, almost 5% of the total demat accounts in India. In the case of much-awaited Zomato, the retail category was lapped up within a couple of hours of the issue last week despite mixed commentary about its prospects.
The earlier two IPOs – Clean Science and GR Infraprojects – saw 23.5 lakh and 20 lakh applications, respectively, from retail investors. IPOs of 2021 such as Indigo Paints, RailTel Corporation, MTAR Technologies, Laxmi Organic and Nazara Technologies saw more than 20 lakh applications each from retail investors, a consistent trend that was never seen before.
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Mumbai: Investors who have put in money in companies making a debut on the stock market over the last one year and remained invested are likely to have made a small fortune. Data compiled by ETIG Database show that out of the 38 companies that have listed on the main exchanges in the last one year, 34, or nearly 90% of them, are trading above their final offer prices. Happiest Minds Technologies has gained close to 800% over its issue price.
Cloud communications service provider Route Mobile is the second-highest gainer rallying over 500% since listing in September. It is one of the two stocks which have seen more than 500% gain over issue price since listing in the last one year. Overall, 10 companies have gained over 100% from their IPO prices. Around half of these 38 companies have gained at least 50%.