Sign In
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
During Samvat 2081, several companies entered the IPO market and were registered at the counter of Dalal Street. According to the data of Prime Database, out of 103 major companies that raised a total of Rs 1.75 trillion through public offers i.e. IPO in 2081, Stallion India Fluorochemicals, Zika Logistics Solutions, Quality Power Electrical Equipment, Aditya Infotech and Ather Energy became the biggest gainers for investors.
Tata Capital, LG Electronics, National Securities Depository (NSDL), Swiggy, Hexaware Technologies, HDB Financial Services, NTPC Green Energy and Vishal Mega Mart are some of the other Indian companies that debuted in Broker-Street in Samvat 2081. But in terms of returns, the winner was Stallion India Fluorochemicals.
On the performance chart, Stallion India's shares (CMP — ₹388.05) were 268.94 percent above the issue price of Rs 90 and 176.71 percent above the listing price of Rs 120.
This was followed by Zinka Logistics Solutions (Blackbuck). The shares (CMP — Rs 679.90) were up 149.05 percent from the issue price of Rs 273 and 143.68 percent above the listing price of Rs 279.05.
Quality Power Electrical Equipment came in second, with shares (CMP — Rs 1,010.30) up 137.72 percent from the issue price of Rs 425 and 133.86 percent above the listing price of Rs 432.05.
Aditya Infotech also gave great returns, with shares (CMP — Rs 1,359.65) up 101.43 percent from the issue price of Rs 675 and 33.59 percent above the listing price of Rs 1,018.
Ather Energy topped the list, whose shares (CMP- ₹623.80) were 94.33 percent above the issue price of Rs 321 and 91.32 percent above the listing price of Rs 326.05.
The momentum of the IPO reflects India's extensive effort to modernise its capital market and attract long-term foreign capital. India's securities market regulator last month changed the norms to make it easier for very large private companies to go public, while the central bank recently relaxed the rules for lending to investors participating in IPOs.
(Disclaimer: (This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold and crypto assets.))
