Year Ender 2021: 5 IPOs that doubled investors money in a snap
2021 is unarguably the year of IPOs.
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:
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.