8 out of 11 IPOs listed in 2019 have done well so far. What's the way ahead?

A majority of companies that made their debut in the secondary market in 2019 are trading above their respective issue prices.

However, the year has not been too kind on the broader markets. Slowing economy, US-China trade war and outflow of foreign funds have kept the market volatile. Nonetheless, companies that got listed in 2019 remained largely unscathed as only three out of 11 stocks are trading below their respective issue price.

As of September 6, MSTC, Sterling & Wilson Solar and Xelpmoc Design & Tech are down 32 percent, 28 percent and 5 percent against their issue prices, respectively, on the BSE.

IndiaMART  InterMESH is leading the pack of gainers, surging 49 percent so far, followed by Neogen Chemicals and Metropolis Healthcare that have risen 47 percent and 36 percent, respectively.