Business Standard

Five of the six IPOs launched this year yielding returns of up to 21%

Market analysts said that price band of the offers as also the overall trend in market play key role in the success of isssue

IPO
Premium

Illustration: Ajay Mohanty

Press Trust of India New Delhi
A majority of the newly-listed companies are trading well above their issue price, giving investors returns of up to 21 per cent this year.

Since the start of 2019, as many as six companies have got listed on the bourses. Of this, five firms are trading above their issue price, fixed after their initial public offerings, as per an analysis of the performance of the new listings showed.

Among the new entrants, Rail Vikas Nigam Limited, which got listed on April 11, has seen the biggest rally in its scrip, which jumped 21.31 per cent from its initial public offer

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 29 2019 | 5:52 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com