The best performing IPOs of 2019

by RItmbarah Arora

While the year 2019 was a volatile one for the share market, it has been a great year for those who invested in Initial Public Offerings (IPOs), as most IPOs gave bumper returns post listing. Around 92% of stocks of the companies listed in 2019 have performed well, as they have been trading above the listing price. Here’s a quick review of the IPOs performance in the year 2019.

Xelpmoc Design & Tech IPO: Xelpmoc Design & Tech is a technology, analytics and design company. The subscription date for the IPO was between January 23-25, 2019 at a price band of Rs 62-66 per share. The total IPO size was Rs 23 crore with a minimum bid size of 200 shares. On the day of listing on February 4, 2019, the share opened at Rs 57, down 9.5% from the IPO price though the IPO was subscribed 2.7 times.
Chalet Hotels IPO: Part of the K. Raheja Corp, Chalet Hotels Limited (CHL) is an owner, developer and asset manager of high-end hotels in key metro cities in India. All the hotels of Chalet are branded with globally recognized brands such as JW Marriott, Westin, Four Points by Sheraton, etc. The subscription date for the IPO of Chalet Hotels was between January 29-31, 2019 with a price band of Rs 275-280 per share and a minimum lot size of 53 shares. The total IPO size was between Rs 1,628 – 1,641 crores. On the day of listing, February 7, the stock debuted at Rs 294 per share which is 5% up from IPO price.
Embassy Office Parks REIT IPO: Embassy Office Parks REIT operates as a real estate investment trust. Serving customers in India, the company acquires and develops commercial buildings, offices, IT parks and industrial areas. The subscription dare for the IPO of the company was between March 18-20, 2019 with a price band of Rs 299-300 per share and a minimum size lot of 800 units. Total IPO size was between Rs 3,873 – 3886 crores. On the day of listing, the stock opened at Rs 308 per unit and closed at Rs 314.67 per share, up by 4.89% from the IPO price.
Rail Vikas Nigam IPO: Rail Vikas Nigam Ltd is an organization associated with Indian Railways. Incorporated by Ministry of Railways, a Miniratna, the company builds engineering works and railway projects. The subscription dates for the IPO was between March 29 - April 3, 2019 at a price band of Rs 17-19 per share. Total IPO size was between Rs 430.8 – 481.5 crore with a minimum lot size of 780 shares. The listing was done on April 11, 2019 when the price of the share was Rs 19 per share and closing price of Rs 19.05, up by 0.3%. The IPO was subscribed 1.8 times on the final day of the bidding process. The present share price of the company is Rs 23.
Polycab IPO: Incorporated on January 10, 1996, Polycab is the largest manufacturer of wires and cables. With approximately 18% of the organized wires and cables industry and around 12% of the total wires and cables industry in India, the company is engaged in the manufacture of PVC insulated power cables, house wires, telephone cables, optical fibre cables, switch-board cables and quad cables. The subscription dates for the IPO was between April 5-9, 2019 with a price band of Rs 533-538 per share. Total IPO size was between Rs 1,337 – 1345.9 crores with a lot size of 27 shares. The listing of the stock was on April 16, 2019 when the share price went up by 17.7% at Rs 633 per share. The closing price was Rs 654.8 per share, up by 21.7%.
Metropolis Healthcare IPO: Metropolis Healthcare provides medical and laboratory services to patients worldwide. The company provides pathology testing, imaging, nuclear medicine, clinical traits and home healthcare services. The subscription dates for the IPO was between April 3-5, 2019 at a price band between Rs 877-880 per share. Total IPO size was Rs 1,200-1,204 crores with a minimum bid size of 17 shares. On the day of listing, the stock debuted at Rs 958 per share, up 8.9% from the IPO price.
Neogen Chemicals IPO: Incorporated on March 7, 1989, Neogen Chemicals is one of the leading manufacturers of bromine-based and lithium-based specialty chemicals. The company manufactured an aggregate of 198 products comprising 181 organic chemicals and 17 inorganic chemicals. The subscription dated for the IPO was between April 24-26, 2019 at a price band between Rs 212-215 per share. Total IPO size was between Rs 131.5-132.4 crores with a minimum lot size of 65 shares. On May 8, 2019, the day of listing, the stock price opened at Rs 251 per share and closed at Rs 263.6, up 22.6% from the IPO price.
IndiaMart InterMESH IPO: IndiaMart InterMESH is an e-commerce company which provides B2B, B2C and customer to customer sales services via web portal. The subscription date for the IPO of the company was between June 24-26, 2019 at a price band between Rs 970-973 per share. Total IPO size was between Rs 474 – 475.6 crores with a minimum bid size of 15 shares. On the day of listing on July 4, 2019, the stocks opened at Rs 1,180 per share and closed at Rs 1,301.9, up 33.8% from the IPO price. IndiaMart IPO was fully subscribed by the second day of bidding and oversubscribed by 36 times by the end of the final day.
Affle IPO: Founded in 2005, Affle is a global technology company with a proprietary consumer intelligence platform which delivers consumer engagement, acquisitions and transactions through relevant mobile advertising. The subscription date for the IPO was between July 29-31, 2019 at a price band of Rs 740-745 per share. Total IPO size was between Rs 456.5- 459 crores with a minimum lot size of 20 shares. On the day of listing, August 8, 2019, the share price opened at Rs 926 per share, up 24.3% from the IPO price. The IPO got subscribed 86 times on the final day of bidding process.
Spandana Sphoorty IPO: Incorporated in 2003, Spandana Sphoorty is a NBFC-Microfinance institution focusing on rural areas. The subscription date for the IPO was between August 5-7, 2019 at a price band of Rs 853-856 per share. The total IPO size was Rs 1,198-1,200.9 crore with a minimum lot size of 17 shares. On August 19, 2019, the day of listing, Spandana Sphoorty opened at Rs 825, down 3.6% from the IPO price.
Vishwaraj Sugar IPO: Incorporated in 1995, Vishwaraj Sugar Industries has an integrated sugar-based unit producing sugar, power spirits (including IML, industrial spirits and ethanol) and compost. The subscription date for the IPO was between September 30 - October 4, 2019 at a price band of Rs 55-60 per share. Total IPO size was between Rs 55-60 crore with a minimum bid size of 240 shares. On the listing day, October 15, 2019, the share price when up by 2% upon opening at Rs 61.2 per share. The shares were fully subscribed by the last day of the bidding.
IRCTC IPO: A subsidiary of Indian Railways, IRCTC handles catering, tourism and online ticketing operations. With around 5,50,000 to 6,00,000 bookings every day, it is the world’s second busiest and highest ticket booking platform. The subscription date for the IPO was between September 30 – October 3, 2019 at a price band of Rs 315-320 per share. Total IPO size was between Rs 627.9 – 637.9 crore with a minimum lot size of 40 shares. On the day of listing on October 14, 2019, the stocks showed a bumper opening. The opening price was Rs 626 and closing price Rs 727.7 which was up 134.8% from the IPO price. This was the biggest stock debut in the last two years, subscribed 112 times.
CSB Bank IPO: With a network of over 426 branches, CSB Bank is the oldest private bank. The bank offers a wide range of products and services including SME, retail and NRI customers. The subscription date for the IPO was between November 22-26, 2019 at a price band of Rs 193-195 per share. The total IPO size was Rs 405.7-409.7 crore with a minimum bis size of 75 shares. On December 4, the day of listing, the stock opened at Rs 275 per share and closed at Rs 300.4, up 54% from the IPO price. The IPO was fully subscribed on day 1 of the opening.
Ujjivan Small Finance Bank IPO: Under Section 22(1) of the Banking Regulation Act, 1949, Ujjivan Small Finance Bank is licensed to carry out small finance bank businesses. The bank received the status of ‘scheduled bank’ from the Reserve Bank of India in August 2017. The subscription date for the IPO was between December 2-4, 2019 with a price band of Rs 36-37 per share. Total IPO size was Rs 750 crore with a minimum lot size of 400 shares. On the say of listing on December 12, the stock opened at Rs 58.8 per share, up 58.8% from the IPO price. The IPO was subscribed more than 165 times and witnessed the highest subscription among the IPOs since January 2018.