In this financial year, out of the investors who have been allotted shares through IPO, 52% of the investors sold the shares on the day of listing and 20% of the investors sold the shares within a week of the listing. This information has been given by brokerage firm Motilal Oswal Financial Services Limited (MOFSL) in a report.
According to the report, 5.7 lakh retail investors subscribed to the IPO in the first 4 months of the current financial year. Whereas in the last financial year, 5.1 lakh applications were made for IPO. Not only this, a total of 36 IPOs came last year, while this year 17 IPOs have come in just 4 months. Two-thirds of the total IPO investors are from Gujarat, Rajasthan, and Maharashtra.
64% of the investors were those who had applied for at least 2 IPOs. The report said that about 52% of the investors to whom the shares were allotted, sold them on the day of listing. 20% of investors did this in the first week of listing. Experts say that this suggests that most IPO investors are looking at it as quick money. This year it will continue to be the preferred investment option.
On Tuesday, the shares of two companies had a weak opening in the stock markets. Aptus Value Housing Finance India shares were listed at Rs 329.95 on the first day of trading. This is 6.52% lower than the issue price of Rs 353. During trading, it went up to a high of Rs 354.6. Similarly, the stock of specialty chemical company Chemplast Sanmar had a weak start. The company's share was listed on BSE at Rs 525 with a loss of 2.95% as compared to the issue price of Rs 541.
IPOs of about 10 big companies are to come in the remaining months of 2021. These include Nykaa, Bajaj Energy, Aditya Birla Sun Life, Apeejay Surendra Park Hotels, and GoFirst (formerly GoAir). According to an estimate, the market value of the company is around Rs 34 lakh crore. The government has a 95% stake in it. The government can sell 10% of this stake. This will bring about Rs 80,000 crore to the government treasury.
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