The Initial public issue (IPO) of the Indian Railway Catering and Tourism Corporation (IRCTC) has become one of the most talked about IPOs till date. On the first day of this IPO, investors have earned a profit of 129 per cent. That is, if 1 lakh was invested in it, then till the close of business on Monday evening, its amount reached to 2.29 lakh rupees. Let us know which are the most discussed IPOs in terms of listing so far including IRCTC.
1. IPO of IRCTC
Public companies IRCTC are performing well on the second day of the listing. During the trading on Tuesday, its share price reached Rs 734. At the end of the business, its stock was valued at Rs 713. On Monday, the IPO of IRCTC was listed at Rs 644 per share, while its price band was Rs 315-320. In this way, its listing was at a premium of 103 percent. During the trading, its stock value reached Rs 743.80.
It closed at Rs 728.60 till Monday evening, which is 13 percent more than the listing price. IRCTC's IPO was also highly successful in the sense that IRCTC had targeted to raise Rs 645 crore from this IPO and got bids for 112 times more shares than required. Therefore, it was already expected that its listing would be at a very high price. Applications were sought for 2.01 crore shares through the IPO, but the application for 225.39 crore shares had already been done.
2. Salasar Techno Engineering
The IPO of Salasar Techno Engineering, a company providing steel fabrication and infrastructure solutions, came in July 2017. Its issue price was Rs 108, but it was listed 140 per cent higher at Rs 259. Its IPO also received tremendous response and received 273 times more bids than required. After this, however, the company's shares did not perform well. Now its share price has come down to around Rs 97.
3. Astron Paper & Board Mill Limited
The IPO of Kraft Paper making company Astron Paper & Board Mill came in December 2017. Its IPO also achieved tremendous success on the listing day. The issue price of its IPO was only Rs 50 per share, but it was listed at Rs 114 at a premium of 130 per cent. This IPO was taken up by investors and it was subscribed 243 times. The performance of its shares has been doing well since the listing and is currently hovering around Rs 99.
4. Avenue Supermarts
The IPO of Avenue Supermarts, which came in the year 2017, was also very successful on the listing day. In March 2017, its shares were listed at more than double the fixed price. The application for IPO shares of this company owned by Radhakrishna Damani was received 106 times more. This company operates a superstore under the name of D-Marts. The listing of its shares was 114 percent higher than the fixed price of Rs 299 per share at Rs 604. The performance of its shares also went well after the listing and it is currently running around Rs 1861.
5. Career Point Ltd
The shares of Career Point Infosystems were listed in November 2011. The issue price of its shares was Rs 310, but it was listed at 72 per cent premium ie Rs 461 per share. On the first day of trading, it reached a height of Rs 560. However, later its shares did not perform well. Right now, its share price on BSE is running around Rs 85 only.
