Whalesbook
Primary Market Mein Badi Girawat
Socho, abhi jo IPOs aa rahe hain, unka performance kaafi disappointing hai. Pichle saal matlab 2025 mein toh 10% ka average gain tha, aur usse pehle 2024 mein toh 30% aur 2023 mein 28.7% tak ka zabardast return mila tha. Par abhi toh scene hi alag hai.
Investors Ka Mood Kyun Kharab Hai?
Is baar 18 companies ne IPO laakar lagbhag ₹18,778 Crore raise kiye, par majority apne issue price se neeche hain. Iske peeche reasons hain global market ki uncertainties, foreign investors ka paisa nikalna, aur company valuations par sawaal. Poore equity market ka bhi bura haal hai, BSE Sensex aur Nifty 50 bhi saal mein 13% gir chuke hain, aur BSE IPO Index bhi 9% down hai.
Aisa Kya Hua Ki Returns Nahi Mil Rahe?
Anil Sharma, jo IPO Central ke co-founder hain, unka kehna hai ki IPOs toh bahut aa rahe hain par returns kam mil rahe hain. Iske reasons hain overpriced IPOs, geopolitical tensions, aur retail investors ke through chalne wale mutual funds ka IPOs ko support karna. Kuch IPOs toh apne peak price se 60% tak gir gaye hain!
Kuch Chamakdeele Stocks Bhi Hain
Lekin haan, kuch chamakdeele stocks bhi hain. Jaise ki sarkari company Bharat Coking Coal Ltd (BCCL), jo apne issue price se 40% upar trade kar rahi hai. Omnitech Engineering bhi pehle dip ke baad ab 20% se zyada upar aa gaya hai. GSP Crop Science around 15% aur SEDEMAC Mechatronics 12.5% gain de rahe hain. Sai Parenteral ne bhi thoda positive return diya hai.
Sabse Bada Loss Kisko Hua?
Wahi dusri taraf, Shree Ram Twistex toh is saal ka sabse bura performer nikla hai, 59% tak gir gaya hai. Innovision bhi 36% down hai. Aye Finance 30% ke kareeb, aur Clean Max Enviro 20% se zyada aur Amir Chand Jagdish Kumar 17% se zyada ka loss de chuke hain.
Ab Investors Fundamentals Dekh Rahe Hain
Ab investors ka dhyan sirf listing day gains par nahi hai. Woh ab company ke fundamentals aur long-term business models ko dekh rahe hain.
Paisa Toh Bahut Raise Hua Hai
Waise toh FY26 mein IPOs se total ₹1.79 lakh Crore raise hue hain 112 companies dwara, jo ki ek record hai. Par saal ke end mein thodi slowdown dikhi hai, jisse pata chalta hai ki log thoda cautious ho rahe hain.