“Yaar, should I apply for that IPO?”
If you got a rupee for every time you heard this question at family gatherings, while meeting up with long-lost friends or even among colleagues at work, you'd be reasonably well off.
But not as well off as most IPO investors themselves, as more debutante companies showed gains than losses, as on Dec. 15. 40 of India's newly listed companies this year saw their shares trading higher than their IPO price.
No doubt, it was a record year for initial public offerings, with 55 issues raising over 1.06 lakh crore up to Dec. 15. Marquee digital businesses such as Zomato, Paytm, Nykaa, Policybazaar made their debut alongside conventional players such as Paras Defence, Laxmi Organic, Macrotech, Latent View and others. Women founders, like Falguni Nayar of Nykaa, blazed a trail. And non-metro India also had its day on Dalal Street.
Which ones did you invest in and how has your IPO portfolio fared?
This special feature was designed by BloombergQuint's lead product designer Emmanuel Kolengaden.
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