Best and worst performing IPOs of 2022

• The number of initial public offerings (IPO) in 2022 have halved from a year ago.
• 25 out of the 31 IPOs listed this year have delivered positive returns to subscribers.
• 2022 IPOs have delivered an average return on investment of 32% so far, with four stocks more than doubling investor wealth during the year.

The number of initial public offerings (IPOs) in 2022 have halved to 31 from 65 a year ago, but overall they have delivered a healthy average return of 32% to their subscribers.

So far in 2022, only 31 IPOs have been listed compared to 65 IPOs in 2021. Two IPOs – Dharmaj Crop Guard and Uniparts India are expected to list soon, while two new IPOs – Abans Holdings and Sula Vineyards, are expected to open later this month.

In total, companies have mopped up ₹58,346 crore in 2022 through IPOs, compared to ₹1.31 lakh crore last year. The average issue size of IPOs in 2022 has also come down to ₹1,844 crore, from ₹2,022 crore last year.

Interestingly, only five IPOs this year are trading below their issue price, while 25 have gained. One stock – Keystone Realtors – has delivered neither gains or losses. The Keystone Realtors IPO listed at a 2.6% premium on November 24.

Best performing IPOs of 2022

Adani Wilmar has emerged as the best performing IPO of 2022, delivering returns of 183% till date, compared to its issue price. The second-best performer, at a distant second, is Hariom Pipe Industries, with returns of 137%.

Overall, out of the 31 fresh listings on the stock exchanges this year, four stocks have managed to double the wealth of investors with returns of over 100%. A vast majority – 18 out of 31 stocks – have delivered double-digit returns over their issue prices. These returns range between 12-59%.

Here are the best performing IPOs of 2022

Note: Current market price as on December 7, 2022

Worst performing IPOs of 2022

Among the worst performing IPOs of 2022 is Life Insurance Corporation of India – the ₹21,000 crore IPO listed at a discount of 8.1% over the issue price. The state-owned insurer’s shares are now down 31% over the issue price.


Note: Current market price as on December 7, 2022

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