IPOs outperform benchmark indices in FY17

15 out of 21 IPOs during the year have gone up more compared to Sensex

The BSE IPO index, a gauge for measuring the performance of newly listed companies, has gained 35 per cent so far in this financial year. In comparison, the benchmark Sensex has gone up 16 per cent during the same period. In other words, investors buying shares of new entrants have fared better than those relying on the blue-chip Sensex in the current financial year. 

Companies with at least a Rs 100 crore free-float market capitalisation are added to the BSE IPO index on the third day of the listing and remain part of the index for two years. The sharp