Sigachi broke Paras Defence’s record⁠—these are the five IPOs that doubled investors’ money on listing in 2021

Nov 15, 2021

By: Bhakti Makwana

Sigachi broke Paras Defence’s record ⁠of best listing in 2021

The week of the year’s biggest initial public offerings (IPO) has also been the week of the best listing of 2021 so far.

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Sigachi Industries

Hyderabad-based Sigachi Industries more than tripled investor’s wealth on listing, breaking the record Paras Defence which also listed with gains of over 2.5 times.

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IPOs in 2021

So far in 2021, 69 IPOs have been listed on the BSE exchange but very few have touched 100 percent premium mark on the listing day.

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Clean Science and Technology

Clean Science and Technology listed on July 19 at double the issue price. The stock has gone on to add another 27 percent since then.

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Clean Science and Technology

Ashika Broking expects the stock Clean Science to hit ₹2,590 in the next one year while JM Financial sets the target price for the stock at ₹2,195.

Credit: Flourish-chart

G R Infraprojects

On the same day as Clean Science, G R Infraprojects listed with gains of 105 percent. The road construction company has added 20 percent since then.

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G R Infraprojects

IIFL expects GR Infra to hit ₹2,285 in the next one year, while HDFC Securities says the stock may go up to ₹2,372

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Tatva Chintan Pharma Chem

Specialty chemical maker Tatva Chintan Pharma Chem was listed on July 29 at twice its IPO price.

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Tatva Chinta Pharma Chem

In the last over three months, the stock has surged 27 percent and crossed the 12-month target price of ₹2,650 projected by analysts at JM Financial.

Credit: Flourish-chart

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