46 IPOs and counting: Market gives a thumbs-up to most of them

Over the last year and a half, the stock market has been consistently making new highs, unfazed by a slowing economy, weak earnings, geopolitical tensions and foreign fund outflows. That has had many unlisted companies making a beeline for the initial public offering (IPO) market.
The IPO fever seems far from over given the increasing number of applications received by SEBI almost every other day.
We analyzed the performance of 45 IPOs between January 1, 2016 and August 31, 2017 to figure out the broad trend. Share prices as on October 10, 2017 have been taken into account to calculate the gains and losses. 

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