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The Economic Times
The Economic Times
Debaroti Adhikary

Strong Returns! IPO market heats up with 25% average listing gains in two months

India

India's primary market has seen some strong market debuts recently, with the average listing-day gains for IPOs that opened since July standing at around 25%, after a muted primary market performance for more than a year.

The strong gains recorded in this quarter so far were led by Behari Lal Engineering, whose shares ended 76% higher on listing day.

It was followed by Indo MIM, which soared nearly 53% on debut day. Earlier this month, Shiprocket made a strong market debut, ending its first trading day around 48% higher.

Overall, 18 out of 22 stocks whose IPOs opened between July and August delivered positive returns on listing day, implying around 82% success rate for their investors.

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