Listing gains are adding to investors invested money and hence a frenzy in the IPO market is substantial. Experts in the domain suggest that never before in the history, IPOs were lined up in such huge number as are currently. There is traction not only in the count of companies' making their IPO way but also in the subscription interest - the latest example being the Zomato IPO.
Here we will have a look at all such IPOs that listed with 100% or more gains on the listing day:
1. Tatva Chintan Pharma IPO:
The specialty chemicals manufacturing company that issued an IPO to mobilize Rs. 500 crore as against the issue price of Rs. 1086, listed with gains of 95% at a price of Rs. 2111 per share on the listing and still gained further to a price of Rs. 2318.
The stock's day high and low price are Rs. 2534.2 and Rs. 2111, 85. The top high made during the day indicated a gain of 133%. The IPO of Tatva Chintan is the second most subscribed IPO for the CY 2021.
2. GR Infraprojects:
This is another real estate company that on listing doubled investors' wealth. The company on the NSE debuted at a price of Rs. 1715.85 per share as against the issue price of Rs. 837 per share. The company launched an IPO to mop up Rs. 936-crore. Last the scrip of GR Infraprojects traded at a price of Rs. 1760.
3. Happiest Minds:
The mid tier IT firm that made its listing last year made a robust listing at a premium of 111% percent against the issue price of Rs. 166. Prospects of the digital segment as well as strong fundamentals, management propelled the listing gains for the scrip. Listing price was at Rs. 351. As of last trade, the firm commands a market cap of Rs. 19,730 crore.
4. Clean Science:
The Maharashtra Pune-based fine chemical manufacturing and exporting company of India also nearly doubled investors' money on the listing day. The scrip listed at a premium of 98% at a price of Rs. 1784.4. The company's financials are robust in the segment. Others positives that drove listing gains include its ESG focus as well as diversified product line up.
5. Burger King:
This is a QSR company that also nearly doubled investors' money on the listing day by listing at a premium of 92%. The scrip listed in December 2020 at a price of Rs. 115.4 per share on BSE, up 92% from the issue price of Rs. 60 per share.
IPOs That Have Doubled Investors' Money On Listing
|Scrip||Issue price||Listing gains||Listing price||Last traded price as on July 29, 2021|
|Tatva Chintan||Rs. 1086||95%||Rs. 2111||Rs. 2275.55|
|GR Infraprojects||Rs. 837||105%||Rs. 1715.85||Rs. 1763.05|
|Happiest Minds||Rs. 166||111%||Rs. 351||Rs. 1356.55|
|Clean Science||Rs. 884.4||98%||Rs. 1784.4||Rs. 1625.45|
|Burger King||Rs. 60||92%||Rs. 115.4||Rs. 182.4|
Ideally though IPO listing gains in recent time as listed above can be overwhelming to the tune of 100% or even higher, none can with certainty ensure such high returns. The factors that determine listing gains for a scrip are intrinsic to the company as well as depend on the market momentum. Even a good company with sound fundamentals may see a weak listing owing to weak market momentum. And even if you make some mind boggling returns on the first day of the company hitting the Indian bourses and are not sure of its outlook going ahead, you may even book partial profits in the scrip.