Nikhil Kamat, Co-Founder of Zerodha and CIO of True Beacon, is known for frequently sharing data related to investment, personal finance and other sectors on his Twitter handle. Nikhil Kamat recently shared some important data related to IPO on his Twitter handle, which shows how the 20 biggest IPOs between 2010 and 2021 have performed.
In these figures given through graphical representation, data related to Coal India, SBI Cards & Payments and the recently launched Zomato’s block buster IPO have been given.
Kamat has tweeted these figures with the caption -Should one buy into IPOs. These figures show that Coal India, General Insurance, IRFC, Bandhan Bank, Hindustan Aeronautics (HAL), PNB Housing Finance are the companies which have given negative returns till August 2021 while SBI Card, HDFC Life, InterGlobe Aviation (IndiGo ), Gland Pharma have been some of the companies that have given positive returns to the investors so far.
Shares of Zomato, a loss-making food delivery company with moderate potential for profit, were listed in the market in July. So far, this stock has seen a rise of more than 70 percent since the listing.
There have been 270 IPOs since 2010, out of which almost half of the companies have given negative returns. So far this year, $8.8 billion has been raised through IPO. This figure has exceeded the figure of money raised from IPO in the last 3 years. However, this is only the month of August of 2021. According to a Bloomberg report, if everything continues like this, then in 2021 the figure of fund raising from IPO can reach $11.8 billion at all-time.
The performance of the recent Jomato IPO has given a fillip to the market. The newly listed Indian stocks are outperforming the benchmark index (Sensex-Nifty). The newly listed stocks are giving 40 per cent higher returns than the Nifty, considering that the year 2021 can prove to be the year of IPO.
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