Six IPOs That Made Investors Rich Overnight This Year

2016 has turned out to be a great year for investors who put money in initial public offers, as several issues have returned solid listing gains. It's no surprise that IPO activity in the first-half of 2016 jumped nearly 80 per cent to $1.04 billion. The domestic IPO market is on track for its best year in six. Here are six IPOs that made investors super-rich overnight:
Six IPOs That Made Investors Rich Overnight This Year
TeamLease Services IPO hit the markets in February to raise Rs 424 crore. The staffing firm's was subscribed 66 times. TeamLease Services shares closed 20 per cent higher on debut. Year-to-date, TeamLease Services shares are up 26 per cent.
Six IPOs That Made Investors Rich Overnight This Year
Equitas Holdings: The microfinance lender raised Rs 2,200 crore through its IPO, which was subscribed 17 times in April. Equitas Holdings made a strong debut, rising 23 per cent to Rs 147. Year-to-date, the stock is up 70 per cent.
Six IPOs That Made Investors Rich Overnight This Year
Thyrocare Technologies IPO hit markets in April to raise Rs 480 crore. The issue was subscribed 73.55 times and the stock made a spectacular debut in May, rising as much as 49 per cent. Thyrocare Technologies returned listing gains of 39 per cent and year-to-date the stock is up 37 per cent.
Six IPOs That Made Investors Rich Overnight This Year
Ujjivan Financial Services hit markets to raise around Rs 900 crore in April. The microfinance lender's IPO was subscribed nearly 41 times and it made a reasonable debut, with the stock rising as much as 16.5 per cent. Ujjivan returned listing gains of 10 per cent, but year-to-date the stock is up 108 per cent.
Six IPOs That Made Investors Rich Overnight This Year
Mahanagar Gas had mopped up Rs 1,040 crore through its IPO in June. The stock made a blockbuster debut, with its shares rising over 30 per cent. Mahanagar Gas returned listing gains of 23 per cent. Year-to-date, the stock is up 20 per cent.
Six IPOs That Made Investors Rich Overnight This Year
Quess Corp made a stellar debut, with shares in the staffing firm rising over 60 per cent on July 12. Quess Corp's IPO was oversubscribed 145 times, making it the most successful issue in the past nine years. The Bengaluru-based staffing firm had raised Rs 400 crore through its IPO. It returned listing gains of 59 per cent, though year-to-date gains are 52 per cent.

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