Primary market investors have pocketed up to 130% returns in 2019

Out of 11 companies that got listed in 2019, nine have outrun the market by gaining more than 10 per cent against their respective issue price

Investment in equities via the primary market route in calendar year 2019 (CY19) has made investors rich at a time when the secondary markets have not yielded much return. As many as 82 per cent of the stocks that listed in 2019 are trading well above their issue price and have given a return of up to 130 per cent to investors.

In comparison, the benchmark S&P BSE Sensex has gained around 6 per cent during this period, while broader indices – S&P BSE Midcap and S&P BSE Midcap indices – have slipped 10 per cent and 13 per cent, respectively.

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