In a nutshell, 2021 has been a ‘blockbuster’ year for India’s primary market. With 63 companies making share market debut generated around Rs. 1.2 lakh crores. Among them, the likes of Paytm, Nykaa, and Zomato have been the most ‘talked-about’ public issues and accumulated a significant hype. Moreover, Paytm’s IPO broke all previous records in terms of issue size by gathering around Rs. 18,000 crores. However, not every big IPO delivered on its promise, and only 15 out 63 companies have turned out to be multi-baggers. They delivered up to 300% return to its stakeholders. Interestingly, 11 out of these 15 companies had a public issue in the range of Rs. 100 to Rs. 600 crores. Read on to know about the 5 IPOs that have been at the forefront of it.
Top 5 IPOs That Produced Returns of More Than 100%
Here is a list of 5 IPOs that have produced the most returns for their investors –
The initial public offering of this healthcare and wellness product distributor was worth Rs. 100 crores. It made its debut in February 2021 with a price band of Rs. 396 to Rs. 400 per share. After 3 days of subscription, the shares of Nureca were listed at Rs. 615 on NSE and Rs. 634.95 on BSE.
As of writing on 3 January 2022, the shares of this company are trading at Rs. 2,062.5 (NSE), which is a return of more than 300% after listing, and about 400% overall.
- Paras Defence and Space Technologies
Paras Defence made its Dalal Street debut in October at Rs. 469 on NSE and Rs. 475 on BSE. The issue price of this public issue was Rs. 165 – Rs. 175 per equity share. Moreover, the total value of this IPO was around Rs. 170 crores.
Since its listing in the public market, Paras Defence has performed well and produced steady returns for its investors.
As of writing on 3 January 2022, the share price of Paras Defence and Space Technologies is Rs. 738.35 (NSE).
- MTAR Technologies
MTAR Technologies, a well-known name in India’s precision engineering segment, hit the bourses in March 2021. The price band of this public offering was Rs. 547 to Rs. 575 per share, with a total IPO size of Rs. 596.41 crores. Post-listing, the shares of MTAR were listed at Rs. 1,050 on NSE and Rs. 1063.90 on BSE.
Currently, on 3 January 2022, the shares of MTAR Technologies are trading at Rs. 2,469.60 (NSE). Considering the price jump, MTAR Technologies is offering a return of nearly 150%, and its share prices are up by more than 4% compared to its initial upper price band of Rs. 575 per unit.
- Laxmi Organic Industry
The initial public offering of a speciality chemical manufacturer went live in March 2021. In the beginning, the price band of this IPO was Rs. 129 to Rs. 130 for every equity share. After 3 days of subscription, these shares received a listing price of Rs. 155.50 on NSE, and Rs. 156.20 on BSE.
On 3 January 2022, the shares of Laxmi Organic were trading at Rs. 440.75 per share, which is more than a 200% jump against its listing valuation, and the share prices are also up by more than 3% compared to its upper price band.
EaseMyTrip, online travel agencies made its debut in India’s primary market in March 2021. The price band of this public issue was Rs. 186 to Rs. 187 per share, and its listing price was Rs. 212.25 on NSE and Rs. 206 on BSE.
On 3 January 2022, the shares of EaseMyTrip were trading at Rs. 536.85, which is more than twice its listing price and about 3 times its issue price.
Apart from these five, other notable mentions here are –
- Latent View Analytics
- Clean Science and Technologies
- Barbeque Nation Hospitality
- Sigachi Industries
- GR Infraprojects
- Macrotech Developers
- Sona BLW Precision Forgings
- Stove Kraft Limited
- Tatva Chintan Pharma Chem Ltd.
- Nazara Technologies
2021 has been a memorable year for India’s share market that broke all the previous records. Keeping in line with this trend, market experts believe the 2022 calendar year will not disappoint either.
Frequently Asked Questions
- What is the timeline of LIC’s IPO?
There is no news available regarding LIC’s IPO dates as of now.
- What are some of the notable names waiting to make a share market debut in 2022?
Some of the notable companies waiting to go public in 2022 are LIC of India, Adani Wilmer, Emcure Pharma, Go airlines, and Northern Arc Capital.
- What is the latest update on OYO Hotels and Homes’ IPO?
There is no news on when this public issue of OYO Hotels and Homes as it has been plagued with controversies since the filing of DRHP.
Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.