The dozen firms to have listed following their IPOs have seen an average listing day gain of 49 per cent. IPO applicants have made money on all the deals, barring two, which saw modest declines on listing day.
Check out some of the stocks that will react on the basis of their numbers in the near term.
This correction has given a good entry for long-term investors. One should buy quality stocks and those with growth potential.
While small-caps have delivered higher returns than their large-cap peers, investors would do well to recognise the incremental risk of investing in these companies.
Of the 854 stocks that quoted less than Rs 20 on March 23, 2020 - when the Sensex hit more than a three-year low - 482 have doubled.
RailTel Corporation of India, Indigo Paints, Home First Finance Company, Indian Railway Finance Corporation, and Suryoday Small Finance Bank are among the companies looking to tap the market.
It took Nifty 25 sessions to cross 14,000 from 13,000-levels.
Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names.
So far this month, another $4.5 billion (Rs 33,000 crore) has flown into domestic stocks.
The so-called high networth individual portion saw 620x more demand than shares on offer.
'Investors should put their money in stocks where the margin of safety is high.'
Through the IPO, Burger King has raised Rs 450 crore, which will be used to rollout new outlets and retire debt.
Experts said banking is a play on the economy and the latest buying into this space is underpinned by hopes of a sharper-than-expected recovery in the economy.
Last week, govt sold shares worth Rs 220 crore in the open market without making a formal announcement. The deal came to light only this week.
Gland Pharma, promoted by China's Fosun, has extended its gains, is up 40 per cent since its listing.
The brokerage believes the economic growth cycle is not fully priced in. It has revised upwards the earnings per share (EPS) estimate for Sensex.
Sebi has said investment banks should direct investors to original sources such as stock exchanges, where data is publicly available.
More cos could join the likes of Burger King and Antony Waste in giving listing another shot.
Rakesh Jhunjhunwala has picked up a 1.29 per cent stake in Tata Motors. The September quarter shareholding pattern disclosed by the automaker showed Jhunjhunwala holding 40 million shares.
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