Will 2017 be a Record Year For IPOs?
IPO returns in FY17 highest in the last five fiscals.
SEBI Chief UK Sinha expects the current financial year to be a record year for IPOs in India and Indian investors seem to be lapping up the new stocks on offer.
In today’s chart of the day, we are comparing the average listing-day returns for companies, over the last five years.
In financial year 2012-13, only nine companies listed, and the average gains on listing day were 3.5 percent.
Financial year 2014 was a subdued year, both from the point of view of the number of IPOs and day one returns.
In financial year 2015, seven companies got listed, while the average listing-day return was 15.5 percent.
Last fiscal saw the highest number of IPOs. But the average listing day gain was just 6.6 percent.
In the current financial year, nine companies have listed in the first four months and on an average they have clocked listing day returns of 18.7 percent – the highest in the five-year period.