Sigachi broke Paras Defence’s record—these are the five IPOs that doubled investors’ money on listing in 2021
Nov 15, 2021
Credit: BCCL
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.
Credit: BCCL
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.
Credit: BCCL
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
Credit: Flourish chart
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