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Every person, at some point in their lives, borrows money to fulfill a specific need. It can be for a Home, Car, Education, or even your Credit Cards. Various sources for taking a loan could be a Family member, Friend, Moneylenders, or a Bank.
Now, just like us, don’t you think even companies might need funds for their businesses? Of course! They do. So how do they raise the required amount of funds? Amongst many other ways to raise funds, IPO is the one we are talking about today. IPO (initial public offering) is a process where a private company decides to raise funds by selling its shares to the public for the first time. A company that was privately-owned until then becomes a publicly-traded company i.e it gets listed on the Stock Exchanges.
Let’s have a look at some of the companies who came up with their bumper IPOs in 2020.
Rossari Biotech is the largest textile specialty chemical manufacturer in India with a diversified product portfolio spread across 3 main categories: textile specialty chemicals; animal health & nutrition products; and home, personal care & performance chemicals. Reasons for them to go for an IPO are to meet the working capital fund requirement and Debt repayment. This IPO issue happened between 13th July to 15th July, 2020 with an issue size of Rs. 496.49 Cr. The issue price was Rs. 425 per equity share and a lot size of 35 shares. The Rossari IPO got subscribed 79.37 times. On a listing day, the stock got listed at Rs 670- 57% up from its issue price and it closed at Rs. 742 i.e., almost 75% up from its issue price. Current Market Price (as on December 18th, 2020) of the stock is Rs. 831 which is almost 96% up from its issue price.
An IT service provider Company, has its business divide into 3 categories: Digital Business Service (DBS), Product Engineering Service (PES), and Infrastructure and Management Security Service (IMSS). The reason for them to go for an IPO was to meet the long-term working capital requirement and general corporate purposes. This IPO issue happened between September 7th to September 9th, 2020 with an issue size of Rs. 702.02 Cr. The issue price was Rs. 166 per equity share and a lot size of 90 shares. Being a promising IT company, the IPO got over-subscribed 150.98 times! On a listing day, the stock got listed at Rs 350- almost 111% up from its issue price and it closed at Rs. 370.95 i.e., almost 123% up from its issue price. The current Market Price (as of December 18th, 2020) of the stock is Rs. 341.45 which is almost 106% up from its issue price.
Route Mobile is one of the leading Communication platform service providers. It provides BPO services and cloud communication platform services to Businesses. Reasons for them to go for an IPO are Debt repayment, purchase of property, Acquisitions, and other strategic initiatives. This IPO issue happened between September 9th to September 11th, 2020 with an issue size of Rs. 600 Cr. The issue price was Rs. 350 per equity share and a lot size of 40 shares. The IPO got subscribed 73.30 times. On a listing day, the stock got listed at Rs 350 at its issue price and it closed at Rs. 651.30 i.e., 86% up from its issue price. The current Market Price (as of December 18th, 2020) of the stock is Rs. 1158.65 which is almost 231% up from its issue price. That’s a huge up move!
Recent trends
The Mrs. Bectors Food IPO- a premium bakery and biscuits brand, is subscribed 198.02 times on Dec 17, 2020. The price band is Rs. 286 – 288 with an issue size of 540 Cr. The allotment date for the same is December 22nd ’20 and the listing date is December 28th ’20. Antony Waste Handling Cell Ltd IPO- one of the leaders in India's Municipal Solid Waste Management (MSW) industry, will be the last IPO of 2020. The price band is Rs.313- 315 with an issue size of Rs. 300 Cr. This IPO will happen between December 21st to December 23rd,2020. The allotment date for the same is December 29nd ’20 and the listing date is January 1st, 2021. Will it be a Happy New Year for investors who applied? Well, only a few days left to find out. In the past decade, the IPO market in India has seen growth at a faster pace. India is now amongst the leading IPO market in the world. Investor’s confidence appears to be robust over the rallying market, mostly because of the Unlock and COVID-19 Vaccine. The majority of the 2020 IPOs gave strong listing gains. Looks like 2020 was a good year for the IPO market and investors who got allotments, isn’t it? And if you are not one of them, there are still many good companies lined up for IPOs down the road like Kalyan Jewellers, Studds Accessories Ltd, Nazara Technologies Ltd, etc. So, stay tuned and keep an eye on them.
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