How did the top 10 IPOs of 2020 perform?

2020 was a great year for IPO investors, despite the pandemic. Most IPOs performed well, with some even delivering big-bang 3 digit returns >219%.

With the corona virus outbreak, the IPO market was in trouble at the beginning of the year, but as bulls bounced back, the market quickly saw a slew of big names hitting the IPO market, which picked up in September and Octtober 2020. 16 firms managed to raise over ₹31,000 crore via IPO in 2020, as against 17 companies raising ₹17,433 crore in 2019. Companies such as Route Mobile, Mazgaon Docks, Happiest Minds Technologies, & Burger King India, among others, saw multifold oversubscriptions.

Here is a look at the performance of top 10 IPOs of 2020:

2021 is also likely to be strong for the IPO market considering there is a big line-up of IPOs from many of India’s tech unicorns like Zomato, PolicyBazaar, and Grofers. Even Indian Railway Finance Corporation Limited (IRFC) is planning its ₹4,600 crores IPO in 2021. Expected strong market conditions along with economic and earnings recovery can really be exciting times for the IPO market in the new year.

Arihant Team
The Arihant Team believes everyone deserves access to sophisticated financial advice. From day one, our mission has been to help make investing easier and accessible to every Indian. Our team of experts are curating informative and research-based article on this blog, to help make investing and managing your money easier for you!

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