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IPO success stories: Top 3 stocks that clocked over 300% return in one year post listing on exchanges
The primary market has been abuzz with a flurry of initial public offers amid huge participation by retail investors and new-age businesses and start-ups lining up to float their own IPOs.
The primary market has been abuzz with a flurry of initial public offers amid huge participation by retail investors and new-age businesses and start-ups lining up to float their own IPOs. So far in 2021, as many as 52 new Initial Public Offerings have been introduced in the capital markets.
A majority of these IPOs have given handsome returns to investors and only 5 out of the total IPOs have generated negative returns, as per an IPO tracker report by brokerage Arihant Capital. Except for Car Trade Tech Ltd, Suryoday Small Finance Bank Ltd., Windlas Biotech Ltd, Krsnaa Diagnostics Ltd and Kalyan Jewellers India Ltd IPOs, all other IPOs have generated positive returns.
The same report has screened stocks that have been listed in the last five years and have clocked massive returns in one year.
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Riding high on the IPO wave, the S&P BSE SME IPO have clinched 716% in the last one year as on December 2, 2021, showed stock Edge, an app to analyse NSE, BSE data. Similarly, BSE IPO Index appreciated by 92.78% till December 2, as per the report.
The report puts Dixon Technologies, IRCTC, Affle (India) Ltd, Happiest Minds Technologies, Neogen chemicals, Route Mobile, Fine organic industries as winners, while the losers, as per the report, are the New India Assurance Co. Ltd, Varroc Engineering, Khadim India, Sterling and Wilson Solar Ltd and Spandana Sphoorty Financial Ltd.
However, in the same list, there are as many as 5 stocks that surged over 200 per cent in one year post listing. They are IRCTC, Happiest Minds technologies, Indian Energy Exchange Limited, HG Infra Engineering Ltd., Tejas Networks Ltd. Of the five, at least three shares gained over 300 per cent in just one year from the issue price. HG Infra Engineering Ltd, Tejas Networks Ltd and Happiest Minds technologies appreciated. Tejas Network IPO was the most successful of the lot.
Tejas Network IPO, which was listed on June 27, 2017, appreciated as much as 380 per cent, from its issue price of Rs 257 per share, in just one year.
HG Infra Engineering Ltd is next in the league of the IPOs to generate over 300 per cent in 12 months. Listed on March 9, 2018, the stock appreciated as much as 325 per cent in one year on its issue price of Rs 270.
Happiest Minds technologies stocks surged 304 per cent from its issue price of Rs 166 per share. The stocks of this tech and software company were listed on September 17, 2020.
IRCTC and Indian Energy Exchange Limited shares gained as much as 243 per cent and 267 per cent respectively in one year from their issue prices of Rs 64 per share and Rs 165 share apiece. Shares of IRCTC and Indian Energy Exchange Limited were listed on exchanges in October 2019 and October 2017 respectively.
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