Nov 15, 2021
By: BI India BureauThe 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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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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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 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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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.
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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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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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Specialty chemical maker Tatva Chintan Pharma Chem was listed on July 29 at twice its IPO price.
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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.
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