Year Ender 2021: 5 IPOs that doubled investors money in a snap

Shares of Paras Defence and Space Technologies made a stellar listing on October 1, as they listed with a premium of over 185% at Rs 498.75 against the issue price of Rs 175. 

Holders of the stock even managed to get more than 4x returns from the stock which is currently trading at about Rs 697.30. The company is in the business of designing, developing, manufacturing, and testing a wide range of defence and space engineering products and solutions.

Latent View Analytics Limited's IPO was a big hit on Dalal Street, as shares traded at a 169 per cent premium to the offering price of Rs 197 per share at Rs 530 on BSE and NSE. The IPO made Latent View’s chairman Adugudi Viswanathan Venkatraman the latest Indian billionaire. 

2021 has been a topsy-turvy ride for Indian startups coming up with their IPOs. But Nykaa, it’s all roses. The e-commerce firm made a bumper listing on Dalal Street, as the shares listed with a gain of 96%, making investors richer in a matter of few days. 

IPO shares of GR Infraprojects Ltd. listed with a premium of about 105% at Rs 1700 against the issue price of Rs 837. Investors who had received shares against their offers saw their investment getting doubled in a few days.

Another IPO that doubled investment in 2021 was Clean Science And Technology’s initial offer. The IPO shares listed on Indian exchanges at Rs 1784 with a premium of about 98.3%. The issue price of the shares at the upper price range was Rs 900.