Among recent IPOs, Zomato saw the highest participation from MFs

By Ravi Samalad |  12-10-21 | 
 
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About the Author
Ravi Samalad is Assistant Manager - Editoral for Morningstar.in.

It’s raining Initial Public Offering (IPOs). In 2020, 13 firms went public. In 2021 so far, as many as 42 companies have come out with IPOs. As the market continues to scale new high, many firms are in the race to go public in the coming months. The market is eagerly waiting for IPOs of Life Insurance Company and Paytm, which are expected to see huge interest from investors.

We looked at IPOs which got listed since July 2021 to see how many MFs participated in these IPOs. Fund houses have so far actively participated in many of these IPOs barring a few.

Among the recently listed IPOs, Zomato was held by the highest number of funds at 123. These 123 schemes collectively held 34.55 crore shares which were worth Rs 4,650 crore as on August 2021. The Zomato stock was issued at Rs 76 at the upper price band and it listed at Rs 116, a gain of 52.63%. Investors who got the shares during IPO have made 79% gain as of October 11, 2021.

The second widely held IPO were Chemplast and G R Infraprojects. Both these stocks are held by 46 schemes each. The third widely held (41 schemes) IPO was Clean Science.

The least held IPO was Glenmark Life Science. The stock was held by 2 schemes which are Quant Active Fund and Quant Small Cap Fund as of August 2021. Similarly, Exxaro Tiles was held by three schemes: Quant Multi Asset Fund, Quant Active Fund and Quant Small Cap Fund.

Participation of mutual funds in recently listed IPOs

You can check the ownership of stocks by mutual funds using Stock Search tool on our website.

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