From LIC To Adani Wilmar: Here Are The Best & Worst Performing IPOs Of 2022

After a record-breaking performance in 2021 that saw a whopping Rs 1.2 lakh crore raised through Indian IPOs, 2022 saw mixed results amid geopolitical tensions and global economic turmoil.

The IPO market in 2022 raised over Rs 57,000 crore as compared to the Rs 1.2 lakh crore raised by 63 companies in 2021, including big names such as Paytm, Zomato, and Nykaa.

Now that the new year 2023 is knocking on the door, let us look back at the best and worst performing IPOs of this year, as well as the performance of the biggest IPOs of 2022.

Worst Performing IPOs Of 2022

In 2022, IPOs such as LIC, Delhivery, and AGS Transact Technologies were the worst performers since their listings, as per an ET report.

For the year 2022, omnichannel payment solution provider AGS Transact Technologies was the worst-performing IPO with an over 60% negative return to date.

web screenshot

Delhivery (down 37%), Inox Green Energy (down 19%), LIC (down 21%), and Abans Holdings (down 10%) stood on the list of the worst-performing IPOs in the calendar year 2022.

Also Read: 20 Must Know Terms Before Investing In Any Company's IPO

Best Performing IPOs Of 2022

On the brighter side, some stocks have been trading well above their issue price. Stocks such as Venus Pipes & Tubes and Adani Wilmar turned out to be multi-baggers, surging 100% and 131%, respectively, year to date in 2022.

Adani Wilmar, which was listed in January, remained the top-performing IPO for the year 2022, with a return of more than 130% since the listing this year to date.

web screenshot

Other than Adani Wilmar, Hariom Pipe Industries (up 53%), Venus Pipes & Tubes (up 100%), Veranda Learning Solutions (up 83%), and Vedant Fashion (up 44%) were the other top performing IPOs of 2022.

With respect to the listing day performance, as per the report, DCX Systems gave the highest return of 49.18%, followed by Harsha Engineers at 47.24% and Hariom Pipe Industries at 46.86% on the day of listing.

Also Read: Tata Group Backed Bigbasket Eyes IPO By 2025

Performance Of The Biggest IPOs Of 2022

Undoubtedly, insurance giant LIC (Life Insurance Corporation of India) had the biggest IPO, with a Rs 21,000 crore issue size. However, right from the day of listing, it did not live up to investors' expectations and left them disappointed, as the stock hit all-time lows multiple times since listing in May and is currently trading over 21% down.

web screenshot

As per the report, Delhivery (Rs 5,235 crore), Adani Wilmar (Rs 3,600 crore), Vedant Fashion (Rs 3,150 crore), and Global Health (Rs 2,206 crore) were the other big IPOs of 2022.

Also Read: Unclaimed Money With LIC Is Higher Than Budget Of 4 Indian Ministry Budgets & 2 Gaganyaan Missions

For the latest and interesting financial news, keep reading Indiatimes Worth. Click here