Polycab India, RVNL: 6 out of 7 IPOs listed in 2019 trade above issue price

These six companies are currently valued at Rs 6,272 crore, 19 per cent higher than the Rs 5,275 crore they collectively raised via IPOs

At a time when the mid-and small-cap counters are struggling to find their feet and the fund mobilisation via the initial public offer (IPO) route hit a four-year low in the first half of calendar year 2019 (H1CY19), stocks of six out of the seven companies that raised funds via the primary market route during this period have given a handsome return.

These stocks have beaten the benchmark index S&P BSE Sensex by gaining up to 61 per cent against their issue price. These six companies are currently valued at Rs 6,272 crore, 19 per cent higher than the Rs