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From SBI Cards To Burger King, These Were The Biggest IPOs Of 2020

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From SBI Cards To Burger King, These Were The Biggest IPOs Of 2020

Calendar 12 months 2020 noticed the market debut of 13 corporations, beginning SBI Cards and Payment Services in March. The nation’s IPO market slowly gained momentum following a lukewarm response to the itemizing of the bank card arm of the nation’s largest financial institution. Mazagon Dock Shipbuilders’ IPO, in September, was subscribed greater than 157 instances the shares on supply, making it the most effective public supply of the 12 months. In phrases of IPO subscription, Mazagon was adopted by the IPOs of Burger King India and Happiest Minds Technologies, which had been subscribed nearly 157 instances and 151 instances respectively.

In phrases of itemizing positive aspects, Chemcon Speciality Chemicals, Happiest Minds and Route Mobile had been the most effective, with shares greater than doubling of their market debuts.   

Here’s a recap of how India’s IPO market has fared to this point this 12 months:

SBI Cards and Payment Services (Issue Price: Rs 750-755)

IPO Subscription: 26.54 instances

Listing: 12.45% low cost

Rossari Biotech (Issue Price: Rs 423-425)

IPO Subscription: 79.37 instances

Listing: 57.47% premium

Happiest Minds Technologies (Issue Price: Rs 165-166)

IPO Subscription: 150.98 instances

Listing: 110.84% premium

Route Mobile (Issue Price: Rs 345-350)

IPO Subscription: 73.30 instances

Listing: 104.86% premium

Chemcon Speciality Chemicals (Issue Price: Rs 338-340)

IPO Subscription: 149.30 instances

Listing: 115% premium

Computer Age Management Services (Issue Price: Rs 1,229-1,230)

IPO Subscription: 46.99 instances

Listing: 23.41% premium

Angel Broking (Issue Price: Rs 305-306)

IPO Subscription: 3.94 instances

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Listing: 10.13% low cost

Mazagon Dock Shipbuilders (Issue Price: Rs 135-145)

IPO Subscription: 157.41 instances

Listing: 48.21% premium

UTI Asset Management Company (Issue Price: Rs 552-554)

IPO Subscription: 2.31 instances

Listing: 9.75% low cost

Likhitha Infrastructure (Issue Price: Rs 116-120)

IPO Subscription: 9.51 instances

Listing: 8.33% premium

Equitas Small Finance Bank (Issue Price: Rs 32-33)

IPO Subscription: 1.95 instances

Listing: 5.76% low cost

Gland Pharma (Issue Price: Rs 1,490-1,500)

IPO Subscription: 2.06 instances

Listing: 14% premium

Burger King India (Issue Prize: Rs 59-60)

IPO Subscription: 156.65 instances

Listing: 92.25% premium 

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