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These 4 IPOs In 2019 Doubled Investors Wealth


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 :

CompanyIssue Price (in Rs.)Market price (currently)Percentage Gain
IndiaMART Intermesh9732115117.4
Affle India7451501101.5
Polycab India53899885.5
Neogen Chemicals21534560.5
Ujjivan SFB375651.4
Metropolis Healthcare8801275.544.9
Spandana Sphoorty8561187.538.7
Rail Vikas Nigam1923.423.2
CSB Bank195232.519.2
Chalet Hotels280324.6515.9
Sterling & Wilson Solar780286.30Appx -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%.

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