Paras Defence, Space Technologies best performing IPOs this year


New Delhi, Dec 20 | The portfolio of 2021 IPOs would have given a return in excess of 35 per cent, with 39 out of the 53 IPOs generating positive returns till the end of November.

The best performer has been Paras Defence and Space Technologies, generating a return of 316 per cent till now, closely followed by MTAR technologies, which has generated return of 315 per cent, says Mohit Ralhan, Managing Partner & Chief Investment Officer of TIW Private Equity.

2021 has been a watershed year for IPOs in India. Till the end of November, 53 IPOs have raised close to $ 5 billion, making it the best year for mobilizing funds through IPOs.

It also indicates the increasing confidence of investors – institutions, HNIs and retail alike – in the growth story of India.

While the IPOs in technology and digital industries were the largest and most talked about, there was an extremely healthy sector spread that included healthcare, speciality chemicals, manufacturing, agrochemicals, consumer, financial services and infrastructure among others.

“A lot has been written on the negative returns generated by Paytm’s IPO, but it just reminds the fact that investors need to always keep their guards on. The large size of Paytm’s IPO coupled with a complex business model and high valuation metrics dampened the performance post listing. In spite of this, the IPO story of India races ahead and the IPOs which were launched after Paytm, such as Go Fashion and Tega Industries proved to be extremely successful,” Ralhan said.

This augurs well for 2022, which is expected to be even bigger with the likes of LIC, Ola, Byju’s and Delhivery expected to take the IPO route, Ralhan said.

India is home to 79 unicorns and 2021 alone gave birth to 42 unicorns.

India is the third-largest startup hub in the world and has developed a strong ecosystem of entrepreneurs and venture capital investors, supported by favourable government policies, which will continue to feed into India’s accelerating IPO boom, he added.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India



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