year 2023 In 2017, Sensex and Nifty reached new highs and gained almost 20 percent. Due to this, the capital of stock market investors increased by more than Rs 82 lakh crore. Amid this bullish trend in the stock market, a total of 59 IPOs came in 2023. Of these, 55 have given an average return of 45 percent to investors. According to stock market data, the year 2023 proved to be a great year for IPO investors. This year, 59 companies were listed and gave an average return of more than 45 percent from the IPO price, raising Rs 54,000 crore. This means that more than two-thirds of the companies outperformed the stock market. Dalal Street has been in second place after China in terms of public issues.
Listed with an average increase of 26.3%
All 59 IPOs this year were listed with an average gain of about 26.3 percent. Till December 29, the returns on these IPOs were around 45 percent. Only four out of 59 IPOs were trading with losses on their IPO prices on December 29. 23 out of 59 IPOs have gained more than 50 per cent since listing and 9 of them have given returns more than double the IPO price.
IREDA performed best
The best performing IPO has been Indian Renewable Energy Development Agency Ltd. (IREDA). It gained 221.3 per cent from its IPO price of Rs 32 on listing day on November 29. IREDA has given a return of 204 percent till December 29. After this, Scient DLM gave 154.5 percent return on IPO price of Rs 265 and Netweb Technologies gave 140.7 percent return on IPO price of Rs 500.
Dalal Street ranks second after China
Tata Technologies is the second best performing company with a three-fold jump from its IPO price of Rs 500 on the day of listing. Even now the company’s shares are up more than 136 percent over the issue price. Realty company Signature Global has given a return of 128 percent at the issue price of Rs 385. On the other hand, this year in China, various companies have raised more than $60 billion through 240 IPOs. In such a situation, Dalal Street has been in second place after China in terms of public issues.
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