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Know which IPO did the success within the yr 2019! – IPO market not superb for buyers in 2019 falls 49 p.c in as evaluate to 2017 | Enterprise – Information in Hindi – jj
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Know which IPO did the success within the yr 2019! – IPO market not superb for buyers in 2019 falls 49 p.c in as evaluate to 2017 | Enterprise – Information in Hindi

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new Delhi. Companies have raised Rs 12,362 crore through Initial Public Offer (IPO) in the country this year i.e. 2019. At the same time, in the previous year i.e. 2018, 30,959 crore rupees were raised through IPO. It has been 60 percent less than the previous year. However, during this period a 28 percent increase in the amount received through OFS and eligible institutional planning was recorded. According to Prime Database data, 24 IPOs came in 2018 while only 16 IPOs came in 2019. Prime Database Group managing director Pranav Haldia said the total capital raised through sales offerings (OFS) and eligible institutional planning rose 28 percent to Rs 81,174 crore in 2018 from Rs 63,651 crore in 2018. But it is 49 percent lower than the all-time high of Rs 1,60,032 crore in 2017.

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The average size of all IPOs is Rs 773 crore.

The biggest IPO in the year 2019 was Sterling & Wilson Solar worth Rs 2,850 crore. The average size of the IPO during the year was Rs 773 crore. During the year, only seven IPOs were subscribed more than 10 times. An IPO was subscribed more than three percent. The remaining IPOs received subscription of one to three percent.While the IPO of IRCTC received 109 times applications, the IPO of Ujjivan Samal Finance Bank received applications up to 100 times. CSB Bank was subscribed 48 times, Effal 48 times, Polycab 36 times, Neogene Chemicals 29 times and Indimart Intermesh IPO 20 times.

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IRCTC IPO most successful

If we talk about the number of IPOs listed in the stock market during the year, then 2019 was good in this respect. Seven of these gave good returns of more than 10 percent to investors after 15 IPOs were listed during this period. This assessment is based on the closing price of the first day of listing of these IPOs. IRCTC, the unit of the Railway Ministry, gave up to 128 percent on the first day. After this, the share of CSB Bank was 54 percent higher than its issue price.

Ujjivan's stock was up 51 percent, India My Intmesh's share price was 34 percent and Neogen Chemicals' share price was 23 percent above its issue price on the first day of listing.

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During the year 2019, there were only two IPOs which were running below their issue price while the remaining 13 stocks were running at a high price ranging from 21 to 170 percent from the issue price. This assessment has been done as on December 23.

SBI Life and HDFC Life get so much money

The case of OFS where promoters sold their shares in the market. The amount raised from this was Rs 25,811 crore in 2018, while in 2019 it reached Rs 25,811 crore. In this, Rs 5,871 crore was raised from the government's stake sale. The highest amount of Rs 5,358 crore was received from selling its stake in Axis Bank. The parent company received Rs 3,524 crore from selling stake in SBI Life and Rs 3,366 crore from its parent company from selling stake in HDFC Life.

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