Paras Defence And Nykaa To Paytm: The Best And Worst Performing IPO Stocks Of 2021
Money raised by Indian companies debuting on the bourses rose to a record this year, aided by abundant liquidity in the markets and growing confidence in the country’s economy following the Covid-19 pandemic.
As many 55 companies, excluding small and medium enterprises, have raised over Rs 1.06 lakh crore on the BSE this year, according to data provided by Prime Database. That’s greater than the previous high of Rs 98,984 crore raised by firms turning public in FY18.
Till September, India ranked 10 among the 12 most active-global exchanges by IPO deals, according to an EY report. The number of firms going public in the domestic market has only risen since then, including some of the nation's marquee internet startups including Nykaa, operated by FSN E-Commerce Ventures Ltd; Paytm, run by One97 Communications Ltd. and Policybazaar's parent PB Fintech Ltd.
That came as India's equity benchmarks scaled new records before volatility set in towards the year end. The BSE IPO index has gained 63% so far this year—nearly three times the Sensex.
Here's a snapshot of the year's IPOs.
Best And Worst Performers
Investors have made gains in 39 of the 55 IPO stocks as of Dec. 15. As many as 16 doubled their money. Paras Defense and Space Technologies Ltd. made the biggest gains, followed by MTAR Technologies Ltd. and Nureca Ltd.
Shares of Suryoday Small Finance Bank Ltd., CarTrade Tech Ltd. and Windlas Biotech Ltd. have fallen the most since listing.
Biggest And Smallest IPOs
The largest five IPOs contributed more than 41% of the total funds raised, whereas the top 10 accounted for 60%.
One97 Communications, which launched India's biggest IPO; Zomato Ltd.; and PB Fintech raised the maximum capital from the primary market this year.
Nureca, Sigachi Industries Ltd., and Exxaro Tiles Ltd. are among 2021's smallest initial share sales.
Listing Day Gainers And Losers
As many as 39 IPO stocks closed higher than the issue price on the day of market debut this year, with 10 ending the listing day with more than 10% gain. 16 stocks suffered listing-day losses.
Best: Sigachi Industries, Paras Defense & Space Technologies and Latent View Analytics Ltd. returned the highest listing day gains.
Worst: One97 Communications, Kalyan Jewellers India Ltd., and Windlas Biotech, however, suffered the biggest debut loss of the year.
Drop From Peak
Best: Anupam Rasayan India Ltd., Sona BLW Precision Forgings Ltd. and Devyani International Ltd. have declined the least from their peak after going public.
Worst: Suryoday Small Finance Bank Ltd., Paras Defence and Space Technologies Ltd. and CarTrade Tech Ltd. are the top three stocks that fell the most from their peak after listing.