Avenue Supermarts continues to be the best bet in IPOs this year; see list
A total of 10 companies have finished their IPO issue in the six months of 2017 raising over Rs 6,500 crore.
- 10 companies finish their IPO issue so far raising Rs 6,500 crore
- Avenue Supermarts continue to gain
- One stock is trading lower than its issue price
Out of the ten companies listed on Indian stock markets so far, Avenue Supermarts continue to lead the charts by rising nearly 200% from its issue price. One out of eight listed so far is currently in negative territory.
Eight out of these ten are listed on stock exchanges with CL Educate and PSP Projects listing at a discount.
D-Mart owner Avenue Supermarts Limited (ASL) is the top performer by rising 180% so far.
Despite being listed at a discount of 5%, PSP Projects has managed to give returns of 51.19% to their investors compared to issue price.
It is CL Educate that after getting listed at a discount of 15.92%, its stock price has given negative return of 5.39% from its issue price.
Vish Dhingra, executive director, EY Global in a report said, "With positive macroeconomic factors, continuing regulatory and tax reforms and a robust investor and business sentiment, 2017 promises to be a healthy IPO year."