Companies raised ₹62,000 crore from IPO in 8 months: 5 IPOs gave more than 100% return this year, 15 gave returns between 50% and 90%

So far this year, 57 Initial Public Offerings (IPOs) have come. During this period, companies raised a total of Rs 62,000 crore from the primary market. Last year, i.e. in 2023, a total of 57 IPOs came during the entire year and companies raised Rs 49,400 crore from them.

At the same time, August 2024 has been the best month in terms of raising funds through IPO. During this period, a total of 10 IPOs opened for subscription and companies raised funds worth Rs 17,000 crore from this. So far in September (September 12), 7 IPOs have opened and companies have raised a total of Rs 9,205 crore from this.

15 IPOs gave returns between 50% and 90% Out of the IPOs listed this year, 5 have given a return of more than 100% of their IPO price. Whereas there were 15 IPOs whose returns were between 50% and 90%. Out of the 57 IPOs that came this year, only 7 IPOs had a return much less than the price. This also includes those IPOs whose subscription has been completed but their listing is pending.

Bajaj Housing Finance, the biggest IPO of the year The biggest IPO of this year in terms of bid value was that of Bajaj Housing Finance. Its IPO received bids of more than three lakh crore rupees, while the total subscription was 67 times.

After this, the IPOs with the highest bids have been of Ola Electric and Bharti Hexacom. Earlier, two big IPOs opened in terms of value in 2021 and 2022. This included Paytm’s IPO worth Rs 18,000 crore and LIC’s IPO in 2022 worth Rs 21,008 crore.

This year, 45 IPOs have given positive returns to shareholders. Of these, Jyoti CNC is the best performer, whose shares have risen more than three times their IPO price. Recently listed Unicommerce and Premier Energies are also included in this list, as they saw strong gains within a few days of listing.

Some of the IPOs that have delivered negative returns so far include Capital Small Finance Bank and Popular Vehicle. However, none of these IPOs have declined 50% or more from the listing price.

What is IPO?

When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.