The lockdown may have affected the economy badly, but it has been positive for the stock market over the past few months. Especially retail investors have made good amount of investments in the market during this period. The retail investors’ subscription to Happiest Mind’s IPO has been 70.94 times. Earlier in 2017, Astron Paper had been subscribed 73 times in retail, Religare Enterprises’ IPO in 2007 was 93.5 times and Avron Systems had 123 times retail subscription.
Thus, Happiest Mind has been the fourth highest retail subscription IPO in the last 13 years.
Increase in number of investors in lockdown
The number of retail investors in the stock market has increased rapidly since the lockdown. The number of demat accounts has increased by more than 3 million. According to analysts, most of the new investors have earned money by investing in small companies in the market due to sitting at home. Although it was a risky move, these new investors took risks and made significant investments. Investors have made good money in the 50 per cent boom in the market since March levels.
Religare Enterprises got subscribed 160 times
According to data from the stock exchange, in 2007, Religare Enterprises’ IPO was subscribed a total of 160 times. While Everon’s IPO received 131 times the subscription. Of the IPOs where retail investors have so far participated, Salasar Technology has 58 times, Ujjivan Small Finance Bank 49 times, CSB 44 times. Similarly, in the year 2018, Apollo Micro was subscribed 40 times and in 2008 Future Capital Holding was subscribed 55 times.
Retail subscription 47 times in BGR Energy
In 2007, retail investors invested 47 times in BGR Energy, 16 times more in Mundra Port in the same year. There have been three IPOs which have received more than 200 times response. The issue of Astron Paper was subscribed 241 times. Salasar Technology was subscribed 273 times, Apollo Micro 248 times. BGR Energy’s IPO was subscribed 119 times, Edelweiss Capital’s 119 times and Advanced Enzyme’s IPO 116 times.
In the last 12 years, there have been 15 IPOs which have received more than 100 times subscription. In this case, Happiest Mind is eighth in this case, which has got 150 times subscription.
IPO not yet accelerated this year
However, the IPO market is stagnating in this year. There have been some IPOs in recent times, but these are very few. In this year, only the IPO of SBI Card, Rosari Biotech, Root Mobile, Happiest Mind and Mind Space has come. In this, the Root IPO was subscribed 13 times. The year 2017 had been a good year for IPOs in recent years. It had a total of 36 IPOs. Through this, an amount of 68 thousand crores was raised.
More IPOs may come forward
After the launch of Root, Happiest, Mind Space IPO, companies can now line up in the IPO market in the coming days. According to an estimate, more than 30 companies have got SEBI approval. These companies were waiting for a good time. Now they are expected to come. Well, in this month, on September 21, CAMS is likely to launch an IPO of Rs 1,500 crore. If it succeeds, then UTI can also launch its own IPO for Rs 3,000 crore.
