As the Indian stock market is under selling pressure, IPOs (initial public offerings) of some companies from Gujarat have outperformed others, including the most sought-after LIC IPO. Some of the recently launched public issues like Tattva Chintan Pharma, Adani Wilmar, Amy Organics, Rolex Rings and Exxaro Tiles have given better returns than the much awaited IPOs that were recently listed on the Indian stock exchanges.
Here we are listing 5 companies in Gujarat whose IPOs have outperformed others:
1]Adani Wilmar IPO: The public issue was offered at the price band of 218 to 230 per equity share. The shares of Adani Wilmar had a similar listing as the listed stock. 221 more on BSE 227 on NSE. Although, adani wilmar share price Dreamed Post Listing As It Made a Life-Time High 878 per share, nearly 280 percent above the upper band of its issue price. Adani Wilmar share price is around today 645, which is about 180 per cent higher than its issue price. So, the public issue of this Gujarat based company has given returns of up to 280 per cent to its investors in about 4 months of the share listing.
2]Ami Organics IPO: Shares of Amy Organics opened in a dream in the Indian stock markets as it opened at a premium of over 50 per cent. Amy Organics Share listed on 902 more on BSE Against the issue price of 910 on NSE from 603 610 per equity share. Shares of Amy Organics hit all-time high after listing 1434.45 on NSE, which is about 135 higher than its upper price band 610. Ami Organics share price is up today 895 per share, nearly 46 percent above its upper price band.
3]Rolex Rings IPO: Shares of Rolex Rings have a strong opening 1249 more on BSE 1250 against its price band on NSE 880 to 900 per share. After listing, Rolex Rings’ stock price hit a lifetime high. After the listing of Rolex Rings shares at the level of 1624.60 on the NSE registered a rise of up to 80 percent. Rolex Rings share price today 1447, about 60 percent more than its issue price. So, the IPO of this Gujarat based company has given returns of up to 80 per cent to its allottees in about 10 months of its share listing.
4]Elements Chintan IPO: Shares of Tattva Chintan had a dream start at a premium of 95 per cent on India’s exchanges. Shares of Tattva Chintan opened on Wednesday on BSE at 2111.80 and 2111.85 against issue price on NSE 1083 per equity share. Post Listing, Tattva Chintan Share Price Hits Life-time High 2977.80 on the NSE, registering a rise of around 175 per cent. tattva chintan share price today 2215 per share, which is about 105 per cent higher than its issue price 1083 per share. Hence, shares of Tattva Chintan have given returns of up to 175 per cent post listing.
5]Exxaro Tiles IPO: Exxaro Tiles shares were offered on a price band from 118 120 per equity share. The issue had a positive listing 126 on BSE and NSE on 16 August 2021. However, the share price of Xaro Tiles hit a lifetime high. 172.70, up to 44 per cent delivery to the allottees after listing of shares. Exxaro Tiles share price today 110 per share.