₹778 compared to the issue price of ₹587 apiece. Later, it finished the first day with a 17.5% gain at ₹690. The stock has experienced a one-way spike since its listing, and it is now up by 321% at ₹2,474 apiece as against its issue price.
The IPO received a strong response from investors, as it was subscribed to 34 times. Since its listing, the stock closed all the following 12 months in the green, with May 2023 standing as the best performer with a gain of 45%. Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of Electronics System Design and Manufacturing (ESDM) services.
Also Read: Six stocks listed in October are already multibaggers with gains of up to 340% from their issue prices; check full list Global Health shares were next on the list, which rewarded their shareholders handsomely. The company, which operates and manages hospitals under the Medanta brand, was listed on the exchanges on November 16, 2022, at a premium of 19% and closed 24% over its IPO price on the first day. Since its market debut, the stock has consistently displayed an upward trajectory, spiking to the current levels of ₹900 apiece, marking an extraordinary 169% increase over its IPO price of ₹336.
Also Read: Tata Technologies IPO: GMP remains steady. Price, lot size, other details Similarly, Bikaji Foods also delivered stellar returns to the shareholders. The shares were listed on the stock exchanges on November 16, 2022, after raising ₹881 crore through its initial public offering.Read more on livemint.com