Hyundai’s IPO will make history
These days there is an avalanche of IPOs in the stock market. Every day a new IPO comes onto the market and has a spectacular price on the stock market. But after a few days the stock starts to fall. A report has revealed the failure of the IPO. The report tells how major IPOs have disappointed investors. The IPOs of 18 of the top 30 companies listed on the stock market have failed. At the same time, there are 8 IPOs that are doing quite well and only 2 IPOs have given strong returns to investors.
Revealed in the report.
Wealth management firm Capitalmind Financial Services reported that 19 of the country’s top 30 IPOs have given negative returns compared to the CNX 500 index. Hyundai India’s initial public offering is open for subscription by investors and is said to be the largest initial public offering in the country. Even before this, 30 big IPOs had been listed in the country. But according to the report, eight of these large IPOs have given negative returns. Reliance Power, one of the high-profile IPOs, has given the highest negative returns to investors. This was the largest initial public offering of its time. The initial public offering of Reliance Power occurred in the year 2008 with an issue of Rs 450.
2 IPO gave huge profits
At the same time, among the top 10, there were only two IPOs that gave higher returns to investors. In this sense, Coal India shares have given double returns to investors in the last 14 years.
Apart from this, Zomato’s IPO has also delivered excellent returns to investors. After this, among the 30 big IPOs, Hindustan Aeronautics, Indian Railway Finance Corporation, Sona BLW Precision Forgings and ICICI Lombard have also given decent returns to investors.
According to the report, in terms of profitability, Bajaj Housing Finance, Bharti Hexacom and Brainbees (First Cry) have given good returns to investors.
