Monday, Aug 10, 2020 | Last Update : 11:48 AM IST

139th Day Of Lockdown

Maharashtra51533235171017757 Tamil Nadu2969012386384927 Andhra Pradesh2278601387122036 Karnataka178087939083198 Delhi1454271305874111 Uttar Pradesh122609726502069 West Bengal95554671202059 Bihar7972051315429 Telangana7949555999627 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3433121832109 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland27819048 Arunachal Pradesh215514823 Chandigarh151590425 Meghalaya10624906 Sikkim8664971 Mizoram6082980
  Business   Market  30 Dec 2016  IPO mart got a big boost

IPO mart got a big boost

THE ASIAN AGE.
Published : Dec 30, 2016, 1:04 am IST
Updated : Dec 30, 2016, 5:46 am IST

Out of 27 companies that had tapped the IPO market in 2016, 19 companies are still trading with hefty premiums to their issue price.

The stock prices would ultimately reflect the fundamentals of the company and the sectors in which they operate.
 The stock prices would ultimately reflect the fundamentals of the company and the sectors in which they operate.

Mumbai: Amidst high bout of volatility in the secondary market, the primary market has turned out be a major money spinner for investors as more than 70 per cent of IPOs listed in 2016 has generated impressive returns for shareholders.

Out of 27 companies that had tapped the IPO market in 2016, 19 companies are still trading with hefty premiums to their issue price. While three IPOs have rewarded investors with over 100 per cent return till date, another nine companies have given a return in the range of 20-80 per cent.

 

While the IPO from Infibeam Incorporation listed in April is the biggest wealth maximiser this year with a whopping gain of over 172 per cent, public offers from Advanced Enzymes and Quess Corp also exceeded street expectation by gaining 119 per cent and 104.02 per cent respectively.  “The stock prices would ultimately reflect the fundamentals of the company and the sectors in which they operate. Some of these companies have reported impressive quarterly numbers, which is getting reflected in their stock performance,” said Pranav Haldea, managing director, PRIME Database.

Tags: ipo, shareholders, quess corp