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Are Retail Investors Back in the IPO Game?
Dec 2, 2019


2019 has seen some of the most mindbogglingly profitable IPOs.

The top six IPOs of the year have given high double-digit and triple-digit returns so far - IRCTC (180%), IndiaMART InterMESH (121%), Affle India (105%), Neogen Chemicals (73%) and Polycab India (72%).

Now, besides spotting winning opportunities early on, there's one more reason I actively track IPOs - they offer great insights into the mood of the market.

So, I picked the six most successful IPOs of the year and checked the retail investor enthusiasm for them.

Obviously, all these IPOs were oversubscribed across investor categories. But the level of retail investor enthusiasm differed widely, depending on the overall market sentiments.

Clearly, IRCTC witnessed the highest number of bids for the retail category. Factoring in the discount of Rs 10 per share for the retail category, the total bids were worth a whopping Rs 3,242 crore. Over five times the entire IPO size!

Polycab India and the recent IPO of CSB Bank also received a strong thumbs-up from retail investors.

Does this hint that retail investors are coming back to the markets? Could we witness of flurry of IPOs in the coming months?

I'm going to keep a close watch and pick all the profitable IPOs for my readers at Insider.

Data Source: NSE, Equitymaster Research
*Total bid amount is calculated based on the total bids received for the category

This Chart Of The Day was published in The 5 Minute WrapUp - What Is the IPO Euphoria Signaling Us About the Markets?

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