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)
|SBI Cards & Payments||755||683||537||-28.87%|
|Ujjivan Small Finance Bank||37||55.9||26.65||-27.97%|
|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.