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The Baseline
28 Dec 2021
Chart of the Week: Macrotech Developers gains the most among 2021 IPOs

It was a busy year for investors looking to invest in companies that went public in 2021. The amount of money raised by new listings went as high as Rs 1.18 lakh crore. In total, 63 companies listed on the exchange this year as of December 27, 2021. Supriya Lifesciences and CMS Info Systems will list in the coming week.

Many new-age-tech and ‘platform’ companies raised money in 2021 from the primary market. One 97 Communications (Paytm) raised a towering Rs 18,300 crore through its IPO. Its performance on the bourses has however been volatile. Other tech companies with high issue sizes include Zomato, which raised Rs 9,375 crore, PB Fintech raised Rs 6,273 crore, FSN E-commerce (Nykaa) raised Rs 6,273 crore, and CarTrade Tech raised Rs 2,999 crore.

Among the 10 largest IPOs in 2021, real estate developer Macrotech Developers saw the biggest gains on the bourses since its listing date. The Nifty50 was stable and on a rising trend at the time of its listing, and the index continued to rise until the last week of November. Devyani International, Zomato, and Sona BLW Precision Forgings are also gaining ever since they were listed on the exchanges. Nuvoco Vistas Corporation, Aptus Value Housing Finance India, and Chemplast Sanmar are the stocks that picked up momentum after they listed at a discount to their issue price.

With many IPOs lined up in 2022 as well, investors will be hoping that the new year is a happy one.

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