IPO at Better Prices

IPOs available at Attractive Valuations 2020- Covid Effect

Coronavirus has hit markets badly, even some Good IPOs are not staying away from it and are now available at attractive prices and prices lower than their issue price at the time of IPO.

The last IPO was of SBI Card and was badly hit by Covid effect and was issued at around 13% discount to its issue price of Rs. 755 due to weak secondary market sentiment. The scrip ended the day at Rs. 678/- per share.

Sensex and Nifty has already lost their charm and have already lost around one third of their valuations when they were at their peak/high in Jan’20, now hovering around Rs. 8900 as on today.

Some IPOs of recent Times available at better valuation during Covid Period.

We have picked some attractively valued IPOs that are cheaper or looks attractive at current prices for long term investments:

IPO Name Issue Price Listed Close Current Price
(As on 19.05.20)
Current Gain/Loss
SBI Cards & Payments 755 683 537 -28.87%
Ujjivan Small Finance Bank 37 55.9 26.65 -27.97%
CSB Bank 195 300 113.4 -41.85%
IRCTC 320 728 1270 296.88%
Polycab 538 655 663 23.23%
ICICI Securities 520 445 364 -30.00%
Bandhan Bank 375 477 220 -41.33%
SBI Life Insurance 700 699 702 0.29%

As New startups and IPOs are restraining and deferring their IPO times due to COVID-19, investors can invest in phases in these IPOs for better returns and results.

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