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.
Apart from Meera Industries, names such as Trident Textofab, Gautam Gems, and Share India have gained at least 100 percent between their listing date and March 26, 2018.
However, it’s not all that rosy. There are some names that have managed to erode investors’ wealth as well. A company like Nouritrans Exim has fallen around 74 percent between its listing date and Monday, in the current fiscal year.
Other major names that are a part of this list is Apollo Micro Systems, S Chand, Capacite Infraprojects, Matrimony.com, Reliance Nippon Life AMC, Shalby, SBI Life, and Khadim India.
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