the year 2009 - best performing IPO's share market buying selling of good shares

The year 2009 turned out to be very good for Indian share market, especially emerging markets like India, after the worst ever 2008. Domestic markets gained over 75% this year outperforming global markets by wide margin. Global stocks registered a rise of over 20% during 2009. The rise in domestic market was supported by huge FII inflows, encouraging economic and earnings data and stable government at the centre.

However, the year was not so lucky for the primary markets which saw a lackluster response to most of the initial public offerings (IPOs). This was mainly due to over pricing of few issues especially related to power sector and subsequent poor performance of such companies on the bourses on listing day.

Following are some of the companies have provided good returns despite above mentioned odds

Edserv Softsystems Limited
Chennai-based Edserv Softsystems (Edserv), a web-learning, IT consulting and resource deployment company, is a star performer among companies which were listed in 2009. Edserv, a Smallcap company having market capitalization of Rs 2.70 billion, has delivered handsome returns of 3.75 times to investors since its listing on March 2, 2009. It issued shares at Rs 60 in February 2009. It settled at Rs 224.95 a share on December 23, 2009.

Thinksoft Global Services
Thinksoft Global Services (Thinksoft), engaged in software testing for banking, financial services and insurance sector, is another star performer among companies which were listed in 2009. Thinksoft, a Smallcap company having market capitalization of Rs 2.66 billion, has delivered excellent returns of 2.45 times to investors since its listing on October 26, 2009. It issued shares at Rs 125 in October 2009. It was last traded at Rs 306.15 on December 23, 2009.

Mahindra Holidays & Resorts India
Mahindra Holidays & Resorts India, a part of the Mahindra Group and one of the leading players in the hospitality industry with market capitalization of Rs 38.6 billion, has delivered returns of 52.80% to investors since its listing on July 16, 2009. It issued shares at Rs 300 in June 2009. It was last traded at Rs 458.4 on December 23, 2009.

Jindal Cotex Ltd
Jindal Cotex, engaged in the manufacturing of acrylic, polyester, and polyester- viscose, polyester cotton, combed and carded yarns, has provided returns of 31.27% to investors since its listing on September 22, 2009. Jindal Cotex, a Smallcap company having market capitalization of Rs 2.46 billion, was last traded at Rs 98.45 on December 23, 2009. It issued shares at Rs 75 in September 2009.

Cox and Kings India
Cox and Kings India, a travel and tour operator having market capitalization of Rs 27.4 billion, has delivered returns of 29.11% to investors since its listing on December 11, 2009. It issued shares at Rs 330 in November 2009. It was last traded at Rs 426.05 on December 23, 2009.

Oil India
Oil India, a public sector undertaking (PSU) engaged in oil exploration having market capitalization of Rs 299.3 billion, has provided returns of 18.55% to investors since its listing on September 30, 2009. It issued shares at Rs 1,050 in Septembers 2009. It was last traded at Rs 1,244.75 on December 23, 2009.