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On Monday, when Godrej Agrovet listed at a 35 per cent premium to its offer price and closed lower, it marked a familiar trend. Initial public offerings (IPOs), backed by the private equity (PE) investors have done well on the bourses this year, thanks to the bull run on the stock market.
Several PE-backed IPOs have made strong debuts and sustained their price (see table). These include IPOs of Warburg-backed AU Small Finance Bank (up 65 per cent over its issue price), Motilal Oswal-backed Dixon Technologies (up 50 per cent), Paragon Partners-backed Capacit’e Infraprojects (up 37 per cent) and
Several PE-backed IPOs have made strong debuts and sustained their price (see table). These include IPOs of Warburg-backed AU Small Finance Bank (up 65 per cent over its issue price), Motilal Oswal-backed Dixon Technologies (up 50 per cent), Paragon Partners-backed Capacit’e Infraprojects (up 37 per cent) and
