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The Baseline
30 Sep 2021
Chart of the week: Big IPO winners of FY22 (so far)

Investors are loving the initial public offering (IPO) season.  In FY22 so far, 22 companies across sectors like real estate, auto-components, specialty chemicals, and food tech have listed on public markets. 

Among these, only five companies' stock prices are trading at twice the issue price - Clean Science & Technology, GR Infraprojects, Macrotech Developers, Ami Organics, and Tatva Chintan Pharma Chem

Four companies listed at a discount to the issue price - CarTrade Tech, Windlas Biotech, Aptus Value Housing Finance, and Macrotech Developers. Of the companies that listed at a discount, only Macrotech Developers' stock managed to change course, while the rest are trading below their issue price.

With share sales from several big businesses lined up for the second half of FY22, IPO season is far from over.

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