SEBI Chief UK Sinhaexpects the current financial year to be a record year for IPOs in India and Indian investors seem to be lapping up the new stocks on offer.
In today's chart ofthe day, we are comparing the average listing-day returns for companies, overthe last five years.
In financial year2012-13, only nine companies listed, and the average gains on listing daywere 3.5 percent.
Financial year 2014was a subdued year, both from the point of view of the number of IPOs and day one returns.
In financial year2015, seven companies got listed, while the average listing-day returnwas 15.5 percent.
Last fiscal saw thehighest number of IPOs. But the average listing day gain was just 6.6 percent.
In the current financial year, nine companies have listed in the first four months and on an average they have clocked listing day returns of 18.7 percent – the highest inthe five-year period.
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