Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
5 Best IPOs Of 2020 Based On Listing Gains
Initial Public Offers (IPOs) or public issues by Indian companies that were shunned amid market chaos in March this year attracted immense investor interest as the indices gained momentum and wiped off all the Covid 19 led losses. Also, some of them made spectacular listing gains despite the pandemic. Here are the top IPOs of 2020 which provided over 50% gains on market debut:
1. Chemcon Speciality: 115% Premium
The Rs. 318 crore speciality chemicals opened its issue between September 21 and September 23. On the first bidding day itself, the issue received strong investor interest and was subscribed over 5 times. The stock made its stock market debut on October 1 at Rs. 731, a premium of 115% in comparison to the issue price of Rs. 340. But later in the day, it closed at a price of Rs. 584.8 per share on the NSE. Currently, the stock quotes at around Rs. 407.
2. Happiest Minds Technologies -111% Premium
The Rs. 702 crore IPO by mid-scale IT company was opened between September 7 and September 9. In comparison to its issue price of Rs. 166, on the listing day i.e. September 17, the stock made its debut at a price of Rs. 351, a 111% premium.
3. Route Mobile- 105% Premium
The Rs. 600 crore IPO offering by mobile technology firm opened on September 9, 2020 and was fully subscribed on the first bidding day. On the listing day i.e. September 21, the stock debuted at a premium of 102% at Rs. 708 in comparison to its issue price of Rs. 350 on the BSE. While on the NSE, it debuted at Rs 717, a 104.86 per cent premium.
The stock since then has climbed to a high of Rs. 1275 on the NSE while lasts quote at Rs. 1069.75 per share.
4. Burger King India- 92.25% Premium
The Rs. 810 crore IPO by the quick service restaurant (QSR) firm which was opened from December 2- December 4, 2020 was subscribed 156.6 times on strong branding as well as attractive valuations. On the listing day- December 14, the stock debuted at a price of Rs. 115.35 on BSE, a premium of 92.25 percent over the issue price of Rs. 60. On the same day, it made a high of Rs. 138.4 and has so far climbed to Rs. 219.15. It has given up gains since then but still trades at around Rs. 158.
5. Rossari Biotech- 58% Premium
The specialty chemicals company floated its Rs. 496 crore IPO on July 13, 2020 and its stock debuted on July 23. On the BSE, the scrip got listed at a premium of 58% i.e. at a price of Rs. 670 as against its issue price of Rs. 425. And made a high of Rs. 803 on the listing day. The stock currently quotes at Rs. 830 per share on the BSE.
GoodReturns.in
