Mainboard IPOs Raised ~ ₹26,640 Crores in 2020
Total number of mainboard IPOs in 2020 decreased just marginally as compared to that in 2019, despite the pandemic that crashed the world’s global markets and economy badly in the month of March this year. As compared to 16 mainboard IPOs in 2019, which collectively raised around ₹ 12,362 crs, a total of 15 mainboard IPOs raised around ₹ 26,639 crs in 2020, which is 2.15x more. In 2019, a total of 47 IPOs were set to raise funds worth ₹ 51,000 crs, but the companies lapsed their SEBI approval due to weakness in broader market. However, even 2020 was not that great of a year for the companies. As a result, we didn’t see as many IPOs as we expected during the year.
Out of 15 mainboard IPOs, 6 of them gave more than 50% listing gains, whereas, 4 IPOs gave negative listing gains. Chemcon gave the highest listing gains of 115%, followed by Happiest Minds Technologies Limited which gave 110.8%.Route Mobile also gave more than 100% of listing gains.
In 2021, more mainboard IPOs are expected. However, if the new COVID-19 strain spreads at a faster pace, it can hit the broader and domestic markets.
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