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.