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IPO market likely to remain hot in December as 3-4 public issues may hit the Street

If the expected IPOs launch in December, then the tally of number of IPOs could be similar to 2019 which had seen 16 main board IPOs.

November 27, 2020 / 10:06 AM IST

After the SBI Card IPO in early March, the primary market sentiment took a hit due to the outbreak of coronavirus and subsequent impact on economic activities and the secondary market.

Benchmark indices crashed 25 percent each in March from January highs.

Rossari Biotech, which tested the waters in the primary market with its IPO in July, had to cancel its press conference due to COVID implications. The public issue though received an overwhelming response from investors.

The public issues of Happiest Minds Technologies, Route Mobile and Mazagon Dock Shipbuilders also saw spiked interest from investors and gave handsome returns on listing.