number of mainboard IPOs in 2020 decreased just marginally as compared to that
in 2019, despite the pandemic that crashed the world’s global markets and
economy badly in the month of March this year. As compared to 16 mainboard IPOs
in 2019, which collectively raised around ₹ 12,362 crs, a total of 15 mainboard
IPOs raised around ₹ 26,639 crs in 2020, which is 2.15x more. In 2019, a total
of 47 IPOs were set to raise funds worth ₹ 51,000 crs, but the companies lapsed
their SEBI approval due to weakness in broader market. However, even 2020 was
not that great of a year for the companies. As a result, we didn’t see as many
IPOs as we expected during the year.
of 15 mainboard IPOs, 6 of them gave more than 50% listing gains, whereas, 4
IPOs gave negative listing gains. Chemcon gave the highest listing gains of
115%, followed by Happiest Minds Technologies Limited which gave 110.8%.Route
Mobile also gave more than 100% of listing gains.
2021, more mainboard IPOs are expected. However, if the new COVID-19 strain
spreads at a faster pace, it can hit the broader and domestic markets.