71% IPOs of 2022 at premium; will retail investor euphoria sustain in 2023?

Adani Wilmar, Venus Pipes & Tubes, Hariom Pipe Industries and Veranda Learning Solutions are the top multi-bagger debutants that delivered 109-135 per cent returns in 2022

After a tepid 2022 that saw 32 companies raise around Rs 55,000 crore from the primary markets, calendar year 2023 is likely to be relatively better.

Around 55 companies have received market regulator Securities and Exchange Board of India’s (SEBI) approval to raise about Rs 84,000 crore via IPOs, data from Prime database shows. These include Aadhar Housing Finance, TVS Supply Chain Solutions and Macleods Pharmaceuticals, which have proposed to raise between Rs 5,000-7,300 crore.

That apart, around two dozen IPO applications, including SoftBank Group’s Oyo Hotels and Tata Play are currently with Sebi, as per reports.