As per the Global IPO report of Ernst & Young (EY), the year 2021 was the best year in terms of the amount raised for the Indian stock market in the last 20 years. The number of companies which raised funds increased 156% year on year basis to touch 110 figures in 2021, up from only 43 in 2020. Further, the proceeds marked a 314% growth to hit $ 16.94 billion from $ 4.09 billion in 2020.
Here we present three stocks with the most listing gains in 2021 and have a look at their performance to date.
Sigachi Industries ( Listing Gains – 288.96%)
Shares of Sigachi Industries hit bourses on November 15, 2021, and touched their high of ₹ 634 against a price range of ₹161-163 per share for the ₹125 crore offer. This resulted in multibagger listing gains of 288.96% for the scrip.
However, the Hyderabad-based manufacturer of Microcrystalline Cellulose (MCC) which has applications in the food and pharmaceutical industries has come down the ladder significantly. The stock closed at ₹281.95 on Thursday, though 72% above its upper band of the offer price but dismally 55.52% below its high of ₹ 634 respectively.
Paras Defence ( Listing Gains – 181.14%)
Paras Defence is 2nd in line with its bumper listing gains of 181.14%. The shares of defence electronics and space application products manufacturer recorded the high of ₹ 492.5 on its listing date of October 1 up from its allotment price of ₹ 175.
There was no looking back for the defence engineering company as the price ran up to clock its 52-week high of ₹ 1,258 within the same month, multibagger gains of 618.86% over its offer price.
The scrip has come down almost half since then and closed at ₹ 638.10 the previous day, still 264.57% above the upper band of the offer price.
Latent-View Analytics ( Listing Gains – 148%)
A leader partner in data and analytics to Fortune 500 companies, Latent View Analytics achieved multibagger listing gains of 148% with its day high of ₹488.75 on November 23. The stock kept sailing above and further hit ₹754.90 within a matter of two days, up 283.20% from its offer price of ₹ 197.
Most of its list gains and the subsequent surge in profits have been erased. The stock closed at ₹ 395 on its last trading session, though twice its offer price but significantly below its 52-week high and listing day high.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
