IPO Listing Gain 2020: Today on December 14, there has been a strong listing of the IPO of Burger King India. Burger King’s IPO was listed on BSE today with a 92 percent premium. The price band for the issue was Rs 60 and it was listed at Rs 115 on the BSE. On the NSE too, it was listed at Rs 112 with an 87 per cent premium. Investors who invested money in it got almost double returns on the listing itself. The craze of the IPO market in 2020 can be understood from the same fact that Burger King is at number four this year in terms of listing gains. There are 3 IPOs whose listings have been done at a premium of more than 100 percent.
Year 2020 very brilliant
The year 2020 is going great in terms of IPO market. This year, about 70 percent of IPOs have been listed, which are listed at a premium. So far this year, 12 IPOs have come, of which 8 have been listed in the stock market at a premium. The IPO of 10 of these companies came in September or after. Talking about this year, due to the lockdown, companies kept avoiding entering the market for a long time. But once the economy is back on track, companies are continuously launching IPOs. Companies are expected to raise about 30 thousand crores from this simple IPO.
Listing at up to 115% premium this year
The 12 companies whose IPOs have come out this year include SBI Card, Rosary Biotech, Root Mobile, Happiest Minds, CAMS, Chemcon Specialty, Angel Broking, UTI AMC, Mazgaon Dock, Equitas Bank, Gland Pharma and Burger King.
Top 5 performers on the listing
Chemcon Specialty: 115%
Issue Price: Rs 340, Listing: Rs 731
Happiest Minds: 111%
Issue Price: 166, Listing: Rs 351
Root Mobile: 102%
Issue Price: Rs 350, Listing: Rs 708
Burger King: 92%
Issue Price: Rs 60, Listing: Rs 115
Rosari Biotech: 58%
Issue Price: Rs 425, Listing: Rs 670
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The status of other IPOs
Mazgaon Post: 49%
Issue Price: Rs 145, Listing: Rs 216
Cams: 25%
Issue Price: Rs 1230, Listing: Rs 1535
Gland Pharma: 14%
Issue Price: 1500, Listing: Rs 1710
Equitas Holding: -6%
Issue Price: Rs 33, Listing: Rs 31
Angel Broking: -10%
Issue Price: Rs 306, Listing: Rs 275
UTI AMC: -12%
Issue Price: Rs 554, Listing: Rs 490
SBI Card: -13%
Issue Price: Rs 755, Listing: Rs 658
Source: www.financialexpress.com