The Year of The IPO!
As per Chinese Zodiac signs, 2021 was the year of the Ox.
But if you ask corporate India,, especially those that raised money this year, 2021 has been the year of the bull!
In 2021 there were 63 mainborad IPOs in India that raised a combined Rs 1.19 lakh crores from the public!
These are record high figures - both the number of companies raising money and the amount they raised.
Another interesting fact is that this is almost 2x the amount raised compared to the second highest year, which was Rs 68k crores in 2017,
And as we all now, issues by loss-making startups is probably the most talked-about thing amongst all these IPOs. And leading the way here was Paytm which was in fact India's largest ever public offering, raising Rs 18,300 crores.
Despite the bad name that IPOs sometimes get, in 2021, 40 of the 58 issues that have been listed so far gave a return of more than 10% on the opening day itself, and are also currently trading above their issue price. Sigachi Industries was the best performer, gaining 270% on its first day!
But what's next?
Don't despair fellow IPO enthusiast, for 2022 seems to have a lot in store as well. There are over 35 SEBI approved companies waiting for their turn in the markets. The most notable one being the LIC of India IPO!
There are also another 33 applications that are under review by SEBI to raise money, bringing the combined total for 2022 (so far) to Rs 1.10 lakh crores!