Out of as many as 40 IPOs since January 1, 2012, a total of 24 IPOs have listed at a premium, while 13 issues got listed below their IPO price and three public issues were listed at their IPO price only.
With the highest premium of 62.8% on listing, Sharda Cropchem leads the chart followed by Snowman Logistics, which had got listed at 59.5% premium. Both these companies were listed in September 2014.
Apart from emerging as the third highest premium offering IPO, Quess Corp has become the most subscribed IPO in last 9 years. The Rs.400 crore IPO of the company was subscribed 147 times.
Market experts are of the view that 2016 is carrying the robust momentum which the primary market saw in 2015. Most of the companies floating IPOs in 2016 offered impressive premium on listing and offer significant return since listing. In the case of Quess Corp, the quality of the issuer, right pricing, upbeat market sentiment, etc., have played a big role to make it the best IPO in last 9 years in terms of subscription. Now this success will allow Quess Corp to focus on the fast‐growing integrated business services sector.
Some of the last few IPOs which saw stunning debut on the bourses include the likes of Thyrocare Technologies, Equitas Holdings, Alkem Lab among others. Below is the snapshot of top 10 IPOs that were listed with a bang:
|Top 10 IPOs with highest premium on listing|
|Company||Issue Price (Rs)||Listing Price (Rs)||Premium (%)|
|Dr. Lal Pathlabs||550||717||30.3|
Listing day woes
Contrary to the aforementioned IPOs that offered higher premiums on listing, the top three worst performers had got listed between 8-16% below their IPO prices. The table below shows how these companies had disappointed the investors temporarily at the time of listing but gave handsome returns later:
|Top 3 IPOs listed below their IPO prices|
|Company||Issue Price (Rs)||Listing Price (Rs)||Change (%)|
|Shree Pushkar Chem||65||60||-7.6|
|Monte Carlo Fashions||645||585||-9.3|
Shree Pushkar Chemicals and Manapasand Beverages have sharply bounced back and now offer a robust 93% and 96% return on their issue prices respectively.