Most FY19 IPOs witnessed positive returns, say reports

The fiscal year 2018-19 was a subdued year for the equities and broader markets. However, about two-thirds of companies listed in the year witnessed a great year with positive returns, reported Business Standard. A total of 17 new listings have taken place since April 1, 2018, out of which 11 are trading above their issue price currently, noted the report. The best IPO performers are Aavas Financiers, Fine Organics and Lemon Tree Hotels, said the report.

Aavas Financiers has delivered 60 percent returns, Fine Organics has delivered 50 percent returns and Lemon Tree Hotels has delivered around 19 percent returns year-to-date (YTD).

Now, the worst performers amongst IPOs are Varroc Engineering, ICICI Securities and Indostar Capital. Varroc Engineering has delivered a de-growth of 37 percent along with ICICI Securities which reported a de-growth of 46 percent YTD.