Multibagger IPOs: It is raining initial public offerings (IPOs) on Dalal Street, with prominent names such as Tata Technologies, IREDA, Flair Writing Industries, and numerous others launching their public issues. Amid this spate of public offers, one may be curious to know how successful the recently-listed shares have been and how well they are performing today. In this article, ZeeBiz has listed six stocks that entered the secondary market in October and November of 2022 and have given multi-bagger returns till date.
Let’s take a look at these six companies’ share performance over a year.
Since its listing at Rs 775 apiece, the stock has risen over 221 per cent. From its issue price, the stock has surged over 324 per cent. Shares of Kaynes Technologies are currently trading at Rs 2,490 apiece. The company went public on November 22, 2022, opening at a premium of around 32 per cent on the BSE compared to the issue price of Rs 587. Later, it finished the first day with a 17.5 per cent gain at Rs 690.
Electronics Mart India Limited made a strong debut on the D-Street at Rs 89.4 apiece; since then, the stock has gained over 143 per cent. Meanwhile, the stock has surged over 269 per cent against its issue price of Rs 59 apiece. The stock is currently trading at Rs 218.2 apiece. The scrip had settled at Rs 84.45 on its listing day.
Medanta operator Global Health shares were listed on the exchanges on November 16, 2022, at Rs 398.2 apiece. The stock has gained over 124 per cent as against its listing price and over 165 per cent against its issue price of Rs 336. On the first day, the scrip ended at Rs 415.65, up 4.4 per cent.
Shares of Five Star Business Finance have gained as much as 78 per cent as compared to its listing price of Rs 449.95 apiece and have gained 69 per cent from its issue price of Rs 474 apiece. The stock is currently trading at Rs 806. On the listing day, the stock gained over 8 per cent to settle at Rs 489.5 apiece.
The company’s shares were listed on November 16, 2022, at Rs 321.15 apiece, and compared to the current market price, the stock has given over 70 per cent returns. The stock is currently trading at Rs 547.25 apiece. On the listing day, the stock closed over 1 per cent lower to settle at Rs 317.45 apiece.
Microfinance company Fusion Micro Finance Limited went public on November 15, 2022, and was listed at Rs 360.5 apiece on the BSE. Since then, the shares have rallied over 64 per cent compared to their listing price and 61 per cent as against their issuer price of Rs 368 apiece. The stock ended at Rs 324.9 apiece on the first day, down 9.9 per cent.
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