Multibagger IPO: 2021 was a remarkable year for the public issuance segment because out of 63 initial public offerings (IPOs) listed on the Indian stock exchanges, 15 public offers turned out to be a multibagger IPO giving up to 300% return to its beneficiaries. . It is interesting to note that out of these 15 multi-bagger public offerings, 11 issues were small of ??100 to ??600 crores.
Here we list the top 5 multibagger IPOs of 2021:
1]Nureca: The public stake is worth ??The health and wellness products distribution company 100 crore hit primary markets in February with a price range of ??396 to ??400 per share. Nureca shares listed on ??634.95 on BSE and ??615 on the NSE and Nureca share price is today at ??1999 per share on NSE. Thus, the Nureca share price rose more than 300% after listing and returned around 400% to the grantees, with the upper price range of the public offering being ??400 each.
2]Paras Defense and space technologies: Defense and Space Technology stocks were listed on Indian Stock Exchanges on October 1, 2021 at ??475 on BSE and ??469 o0n NSE against its issue price of ??165 to ??175 per share. The public stake is worth ??170.78 crore has given its beneficiaries a stellar return since entering primary markets. The defense stock closed at ??744.50 levels per share on NSE. The stock came under selling pressure after hitting an all-time high of ??1,258.20 levels per share.
3]MTAR Technologies: The public issue of the first national player in precision mechanics arrived on the primary market in March 2021 in a price range of ??574 to ??575 per share. The public offer is worth ??596.41 crore open on BSE at ??1,063.90 and ??1,050 per share on NSE. MTAR Technologies share closing price at ??2,461 on NSE on Dec.31, 2021, about 150% higher than its listing price as its share price is nearly 4.28 times its upper price range of ??175 per share.
4]Laxmi organic industries: The specialty chemicals manufacturing company’s public offering reached primary markets in March 2021 in a price range of ??129 to ??130 per share. Laxmi Organic shares listed on ESB at ??156.20 while it is listed on NSE at ??155.50 levels per share. The Laxmi Organic share price today is ??431.25 per share on NSE, up approximately 200% from its quote price and approximately 3.30 times from its upper price range of ??130 per share.
5]Easy Trip Planners nor EaseMyTrip: The public issue of India’s second-largest online travel agency by gross revenue hit Indian primary markets in March 2021 in a price range of ??186 to ??187 per share. The public stake is worth ??510 crore listed on BSE at ??206 while listed on NSE at ??212.25 per share. The EaseMyTrip share price today is ??538.50, or approximately 2.60 times its quotation price while it is 2.90 times its issue price.
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