5 IPO Stocks Of FY18 That Grew Investors’ Money By Over Double

Posted By:
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

    The IPO run up in the FY18 has been overwhelming and as per a Centrum Broking report as many as 34 IPOs concluded with a total fund raising volume of more than Rs. 77000 crore. Still 3 companies in the remaining few days of the ongoing FY are to list through the primary market route and include Midhani, ICICI Securities and Lemon Tree Hotels.

    In terms of returns and performance, on an average these IPOs have yielded positive returns to the tune of 39.2%. S Chand has been the biggest loser on the board with -37.1% return while some 26 IPOs have yielded positive returns post listing of the issue.

    Here is a list of 5 such IPO stocks that have more than doubled investors' wealth

    1. Shankara Building:

    Bengaluru-based retailer Shankara Building Products is the top performer with over 270% returns. The issue size of the IPO was Rs. 345 crore. The issue price of the offer was Rs. 460 while its current market price is Rs. 1722. The company made its debut on the exchange on April 5, 2017

    2. Apex Frozen Foods:

    The company dealing in aquaculture products planned to raise Rs. 152 crores from its IPO issue. The issue price of the offer was Rs. 175 which listed with 14% gains on the BSE at Rs. 199. The CMP of the stock is Rs. 641 which makes the gains for the investor of 266.3%.



    3. Salasar Technology Engineering Ltd:

    The company providing steel fabrication and infrastructure solutions received a huge response for the IPO issue. Rs. 36 crore issue of the company made its mark on the exchanges on July 25, 2017. The issue price of the offer was Rs. 108 while it listed with huge 139.95% gains on the BSE at Rs. 259.15. CMP of the stock is 323 which results in gains of 199%.

    4. Astron Paper and Board Mills:

    The kraft paper manufacturing company launched its IPO to raise Rs. 70 crore with an issue price of Rs. 50. The stock made stellar listing with gains of 141% while its CMP is Rs. 116.9 that means a huge return of 134%.

    5. PSP Projects Ltd:

    PSP Projects, a Gujarat based company engaged in construction came with an IPO offer for raising Rs. 207- Rs .212 crore. The issue price of the offer was Rs. 210 while its CMP is Rs. 466.5 which offers gains of 122%.



    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more