FY22, a mixed bag for IPO investors; 19 companies trading below issue price

Only half of the 52 firms that got listed managed to give Nifty-beating returns

The financial year 2021-22 was a year of mixed returns for those investing in initial public offerings (IPOs).

Only half of the 52 companies that were listed during the year managed to generate Nifty-beating returns; 19 are currently trading below their IPO price, while four are trading at a 50 per cent discount to the issue price.

The benchmark Nifty50 rose 19 per cent in FY22, after climbing 70 per cent in the preceding financial year. This up-move in the secondary market provided a fertile ground for IPOs and a record Rs 1.19 trillion was moped up.

Five stocks — Sigachi Industries, Paras