Half of new listings in May in loss, including LIC stock; IPO market offer mixed bag to investors

Amid a buzzing IPO market, new stock listings in May provided a mixed bag of outcomes to investors. Half of the eight shares that debuted on Dalal Street final month ended up in losses, with the opposite half being flat to reasonably inexperienced, a report by Axis Capital confirmed. The losers included Life Insurance Corp of India (LIC), the biggest public difficulty ever to hit the Indian stock market, elevating Rs 20,557 crore. The pipeline of IPOs nonetheless stays robust with as many as 66 public points sitting with legitimate SEBI observations.

Stocks that listed in May

Campus Activewear was the primary company to record on the stock exchanges in May after its Rs 1,400 crore IPO, rising 22% on itemizing day. The shares of Campus Activewear added to their beneficial properties and closed May 26% above the problem value. 

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Rainbow Children’s Medicare was the second agency to make its debut in May, falling 7% on itemizing day itself. By the top of the month, shares of the company had been down 9% from the IPO value.

Life Insurance Corporation of India’s much-awaited difficulty was listed on May 17, and disenchanted investors with a 9% fall on debut. At the top of the month, LIC shares had been down 14% from the problem value. 

Prudent Corporate Advisory Services shares noticed a 5% premium itemizing on the bourses after its Rs 538 crore difficulty. However, by the top of the month, shares of the company had given up all beneficial properties and turned unfavourable with a loss of 7% over the IPO value. 

Delhivery was one other standard title that debuted on the stock alternate final month. Shares of the company rose 1% on itemizing and had been up 9% by the top of the month. 

Venus Pipes & Tubes shares entered the stock exchanges after the company’s Rs 165 crore IPO and rose 3% on the preliminary day of commerce. However, because the month progressed the stock slipped and ended the month just one% above the problem value. 

Paradeep Phosphates entered the bourses after its Rs 1,502 crore IPO and rose 4% on itemizing day. At the top of the month, nevertheless, the stock was buying and selling at par with the problem value. 

Ethos was the final stock to make its debut in May. The shares of Ethos fell 5% on itemizing and continued to fall, ensuing in an 8% drop from the IPO value by the top of the month. 

IPO pipeline stays robust

Axis Capital stated that 66 corporations are presently sitting with SEBI observations which can be nonetheless legitimate. These corporations can provide you with an IPO with out having to file recent papers with the market regulator. Some of the marquee names amongst these are Aadhaar Housing Finance Bikaji Foods International, TVS Supply Chain Solutions, Imagine Marketing (BoAt), FabIndia, Asianet Satellite Communications, Inox Green Energy, Capital Small Finance Bank, Sterlite Power Transmission, VLCC Healthcare, One Mobikwik Systems, and Go Airlines.

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