PHOTOS

Year Ender 2021: 5 IPOs that doubled investors money in a snap

New Delhi: With 63 companies making a public debut and a few more expected to list soon, 2021 can be unarguably seen as the year of initial public offerings (IPOs). Be it bullish market trends or call it herd-like behaviour, companies in India appear eager to be trading on domestic bourses.

However, a few IPOs brought much more success than others. A few were even able to double IPO investors money in a matter of a few days after listing at over 100% premium right on day 1.

Here’s the list of 5 such IPOs that more than doubled investors’ money on day 1 of listing on public exchanges:

Zee Media Bureau|

Updated:Dec 23, 2021, 05:12 PM IST

1/5

Paras Defence IPO

Shares of Paras Defence and Space Technologies made a stellar listing on October 1, as they listed with a premium of over 185% at Rs 498.75 against the issue price of Rs 175.

Holders of the stock even managed to get more than 4x returns from the stock which is currently trading at about Rs 697.30. The company is in the business of designing, developing, manufacturing, and testing a wide range of defence and space engineering products and solutions.

2/5

Latent View IPO

Latent View Analytics Limited's IPO was a big hit on Dalal Street, as shares traded at a 169 per cent premium to the offering price of Rs 197 per share at Rs 530 on BSE and NSE. The IPO made Latent View’s chairman Adugudi Viswanathan Venkatraman the latest Indian billionaire.

3/5

Nykaa IPO

2021 has been a topsy-turvy ride for Indian startups coming up with their IPOs. But Nykaa, it’s all roses. The e-commerce firm made a bumper listing on Dalal Street, as the shares listed with a gain of 96%, making investors richer in a matter of few days.

4/5

GR Infraprojects Ltd. IPO

IPO shares of GR Infraprojects Ltd. listed with a premium of about 105% at Rs 1700 against the issue price of Rs 837. Investors who had received shares against their offers saw their investment getting doubled in a few days.

5/5

Clean Science And Technology Ltd. IPO

Another IPO that doubled investment in 2021 was Clean Science And Technology’s initial offer. The IPO shares listed on Indian exchanges at Rs 1784 with a premium of about 98.3%. The issue price of the shares at the upper price range was Rs 900.