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These 4 IPOs In 2019 Doubled Investors Wealth

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Even as the equities market have been volatile for quite some time, investors who took the primary market route in the current year and invested in some of the good quality IPO issues managed to double their wealth. In the calendar year, 13 companies made their debut on the bourses and most of them are trading well above their issue price and some of them at one point even trebled investors' wealth with returns of more than 200% (IRCTC stock).

These 4 IPOs In 2019 Doubled Investors Wealth
 

In 2019, Sensex scaled higher by as much as 12% and during the same time S&P BSE IPO index rallied 35%. Of the total 13 companies that listed this year, eight have outperformed IPO index with returns over 38% in comparison to their respective issue prices.

So, here is the list of IPOs this year along with gains made as against issue price :

Company Issue Price (in Rs.) Market price (currently) Percentage Gain
IRCTC 320 867.05 171
IndiaMART Intermesh 973 2115 117.4
Affle India 745 1501 101.5
Polycab India 538 998 85.5
Neogen Chemicals 215 345 60.5
Ujjivan SFB 37 56 51.4
Metropolis Healthcare 880 1275.5 44.9
Spandana Sphoorty 856 1187.5 38.7
Rail Vikas Nigam 19 23.4 23.2
CSB Bank 195 232.5 19.2
Chalet Hotels 280 324.65 15.9
MSTC 120 129.10 7.6
Sterling & Wilson Solar 780 286.30 Appx -65%

CMP - price as on December 12 at 10:43 am on the BSE

So, from the list we can draw that investors in IRCTC, IndiaMart Intermesh, Polycab India and Affle (India) were able to double their investments in the IPO issue.

Through the initial offer, these 12 newly listed companies aggregated a total of Rs. 8362 crore and currently enjoy a valuation of Rs. 12,581 crore, higher by 50%.

GoodReturns.in

Story first published: Friday, December 13, 2019, 11:51 [IST]
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