IPO market: Biggest winners and losers of 2021

Top wealth creator IPOs of 2021:  

It has been a stellar year for the Indian IPO market as about 58 IPOs debuted on the exchange as of December 20. This number has never been achieved in the history of the Indian stock market before. Strong retail participation and good market conditions attracted more IPOs in 2021. The stellar season of IPO is evident from the fact that about 39 companies were listed at a premium value over their issue price.   

One 97 Communications or Paytm was the biggest IPO ever to be launched on the exchange during this year. A lot of popular companies like Nykaa, Zomato, Devyani International, and Policy Bazar applied for the IPO in view of benefitting from good retail participation.  

So, we bring you the top winners and losers of the IPO market of 2021:  

The best listing gain has been registered by Sigachi Industries, which gained about 250 per cent premium over its issue price. The next in line were Go Fashion, Nykaa, and Nazara Technologies, which opened at a premium of over 70 per cent over its issue price.  

However, some had a dismal debut on the exchange as they were listed at discount to their issue price. The list included Shriram Properties, Rategain Travel Technologies, Paytm and Metro Brands, which discounted over 10 per cent each on the issue price.  

Analysing the IPO performance since their debut, we find that Sigachi Industries, Clean Science, and  Tatva Chintan Pharmaceuticals have recorded a stellar performance since their blockbuster IPO opening.   

There were disappointments on the course too as Windlas Biotech, Paytm, Fino Payments lost over 30 per cent since their debut.  

With LIC IPO hitting the market in 2022, we look forward to the same enthusiasm from the IPO market and expect more companies to be listed on the exchange.