Dream run! Samvat 2079 IPOs have 90% success rate and 6 multibagger triumphs
primary market has been one of the shining lights in the investment arena this year with a bumper rush of public offers and healthy listing gains.
Six IPOs have turned multibaggers in Samvat 2079 with the highest return of over 300% by Kaynes Technology. The other offers which have delivered over 100% returns till date include Plaza Wires, Cyient DL, Global Health, Senco Gold and Utkarsh Small Finance Bank.
While Plaza Wires is up about 163% from its offer price, Cyient DLM and Global Health are each trading 140% higher.
Other notable mentions are the ideaForge and Netweb Technologies IPOs, whose shares doubled investors wealth on listing day.
However, enhanced market scrutiny meant that the stocks came under selling pressure post listing.
While Netweb is currently trading 59% above offer price, ideaforge suffered heavy losses after the debut to be sitting with just 17% gains.
Excluding the multibaggers, others were not too far behind in keeping investors happy. Out of the 55 issues that hit the Street this Samvat, there is about 90% strike rate with 49 of them currently trading above the offer price.
Only six IPOs — Uniparts India, Inox Green, Yatra Online, IRM Energy, Updater Services and Elin Electronics — have suffered the wrath of markets.
