It's a green 2020 for IPOs: All 14 listings are trading above issue price

V Jayasankar, senior executive director and head of equity capital markets, Kotak Investment Banking, says the huge listing day pop is partly because of technical factors.

Calendar year 2020 (CY20) will go down as one of THE BEST for investors in Initial Public Offers (IPOs). Burger King India on Monday became the 14th company to get listed this year following a public issue. And, just four of the 14 stocks saw their price slip below the IPO price on listing day.

However, thanks to the buoyancy in the secondary market shares of all the 14 companies are currently trading above their issue price.

In terms of listing day performance, Burger King has toppled Happiest Minds Technologies with gains of 131 per cent. The latter saw its shares soar