IPOs: Most IPOs in 2023 gain more than sensex

MUMBAI: In a year when key equity benchmarks scaled new highs and rallied nearly 20% making investors richer by about Rs 85 lakh crore, 55 of the 59 issues gave IPO investors handsome returns of 45% on average. In fact, 2023 turned out to be an outlier for primary market investors when 59 companies hit the street, raising Rs 54,000 crore, and returned over 45% more than the issue prices on average, according to exchange data.
This means that more than two-thirds of companies outperformed benchmark indices which rallied close to 20% in the year.The average listing gain for all the 59 IPOs is 26.3% and their average gain as of December 29 is 45%.