Wednesday, 28 March 2018

This little-known stock rose over 400% since its listing. Which other IPOs led the returns chart in FY18?

Several companies hitting the IPO Street ensured that the primary market had a busy financial year. Companies from trading, insurance, IT, construction, healthcare, and pharma names dominated the list of such companies.
FY18 is set to go down as the busiest financial year in the history of Indian IPOs in terms of volume raised. 38 IPOs have concluded with IPO fundraising volume of above Rs 77,000 crore so far this year, Centrum Broking said in a report.
While investors managed to make money in the equity market all through 2017, on a financial year basis too, bets on few good companies could have helped them earn good returns.
For instance, an investor in a stock such as Meera Industries, a textile major, would have grown their money by over 400 percent — 431.94 percent to be precise. The stock debuted on the bourses on May 15. Or take the case of major names such as Shankara Buildpro, Apex Frozen Foods, PSP Projects, HDFC Standard Life, ICICI Lombard, Cochin Shipyard and Prataap Snacks. The returns in these cases range between 6 percent and 270 percent.

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