Since the year 2021, many big IPOs have hit the Indian stock market, right? From insurance giant LIC this year to Zomato, Nykaa and Paytm, many companies rolled out their much anticipated IPOs in the past year and a half or so. While some had a stellar market debut, some disappointed the investors on the listing day itself.?
So let's look back at some of the biggest and popular IPOs that hit the stock market since 2021, and how they have been performing at present.
After failing to launch the IPO as per the initial target of financial year 2021-22, i.e. by 31st March 2022, the government was able to make LIC go public in May 2022. The much anticipated mega IPO of the insurance giant, however, disappointed the investors to a large extent. Not only did it debut with around 8% discount on listing day of May 17th 2022, it even touched its all time low for the first time even before completing month of IPO listing. LIC shares had dropped its all time low on June 6th 2022 for the first time, hitting ?776.50 on NSE and ? 777.40 on BSE on that date, which was more than 18% down from its IPO issue price of ? 949.?
And even at present, LIC shares are still down around 5% in past 1 month, and hovering near the Rs 682 mark currently , which is around 20% down from IPO price.
Another popular stock that has disappointed the investors to a great extent, is Zomato. Recently in July last week, shares of Indian online food-delivery and restaurant platform Zomato plunged to their all time low after the expiry of the lock-up period for investors that had stakes in the company prior to its IPO. Following this, shares of Zomato dropped to Rs 40.55 on BSE on 27th July 2022, and to Rs 40.60 on NSE the same day. Currently, Zomato share price is hovering around the Rs 60 mark at present.?
Earlier, Zomato had a stellar debut on stock market on 23 July 2021, when its shares zoomed to open around the Rs 115 mark, i.e more than 50% higher than the issue price.
After a much anticipated IPO roll out on 18 November 2021, Paytm too has joined the list of stocks that have taken the beating and bled red. After fixing IPO issue price at Rs 2,150, Paytm shares had listed lower at Rs 1961 (on BSE) and Rs 1955 (on NSE) on its opening day of 18th November 2021, which has till now remained its all time high price.?
It has touched all time lows multiple times since then, with currently the all time low mark being hit on Rs 511 on 12th May 2022 (BSE) and Rs 510.05 on NSE the same day. At present, Paytm share price has been hovering around Rs 786 mark.
Besides Paytm, another company that went public with a much anticipated IPO in November 2021, was Nykaa. Nykaa shares made their stock market debut through listing on November 10th 2021. Unlike many stocks that disappointed on their IPO listing day, Nykaa (FSN E-Commerce Ventures Limited)was an outlier with a stellar market debut.The company's shares were listed at Rs 2,001 on BSE, indicating a hefty premium of 77.8% over its issue price of Rs 1,125. Whereas on NSE, the stock price was listed at Rs 2018, i.e. a premium of 79.3%, as per ET report.?
The stock price reached its all time high of Rs 2574 on BSE and Rs 2573.70 on NSE on 26th November 2021. Whereas it hit its all time low of Rs 1208.40 on BSE and Rs 1207.50 on NSE on 12th May 2022. Currently, the stock price is hovering around the Rs 1,400 mark.
Founded in 2011, Indian logistics and supply chain company Delhivery got listed on 24th May 2022.The shares listed at Rs 493 on BSE and Rs 495.2 on NSE, i.e. 1.2% and 1.7% higher than its issue price of Rs 487, respectively. Its shares recently hit their all time high last month, by reaching share price of Rs 708 on NSE and Rs 708.45 on BSE on 21st July 2022.?
Earlier, the shares had hit their all time low of Rs 456.35 on NSE and Rs 456.05 on BSE on 20th June 2022. Currently, the share price of Delhivery is hovering around Rs 555 mark.
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Rakesh Jhunjhunwala backed Indian multinational health insurance company Star Health and Allied Insurance had a relatively weaker market debut on 10 December 2021, as its shares got listed at Rs 845, whereas on BSE, the stock opened at Rs 848.80, indicating a discount of around 5-6% on both the stock exchanges.?
The stock price hit all time high of Rs 940 on the opening date itself, i.e. on 10 December 2021, whereas its all time low came last month on 1st July 2022, when its share price hit Rs 469.05 on BSE and NSE both. Currently its share price is hovering around the Rs 697 mark.
On 15th November 2021, PB Fintech, the operator of insurance platform Policybazaar and financial services portal Paisabazaar, made a strong debut on stock market. PB Fintech shares got listed with a premium of over 17% on both NSE and BSE, against its issue price of Rs 980.?
Recently last month, its shares hit all time low of Rs 455 on BSE (on 27th July 2022) and Rs 454.30 on NSE (on 28th July 2022). Earlier, PB Fintech¡¯s shares had hit their all time high soon after listing, touching Rs 1470 on BSE and NSE on 17th November 2021. Currently its shares are hovering around the Rs 570 mark.
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