Winners and losers of 2022's IPOs

When 2021 witnessed the highest number of IPOs in a decade, many thought it was a one-off. A glitch in the matrix. But 2022 has cemented that this barrage of IPOs is the new trend in the Indian markets. With over 36 IPOs listed so far, 2022 saw the second-highest number of IPOs in a decade.

So as the year comes to a close, we decided to look at the winners and losers in this year's IPO race.

The average subscription rate this year has been 16.4 times so far. Harsha Engineers had the highest subscription ratio at 74.7 times, while the recently opened Radiant Cash Management had the lowest subscription ratio at 0.5 times.

In terms of listing and post-listing gains, only five companies - Archean Chemical, Veranda Learning, Global Health, Campus Activewear, and Hariom Pipe - had both listing gain and post-listing gain of more than 10 per cent. And out of the 36 IPOs listed so far, 26 had listing gains; however, only 13 could sustain the rally and the rest recorded post-listing losses.

Here are the top five gainers and losers based on listing and post-listing gains.

Suggested read: 2022: The year of PSUs