Multibagger SME IPOs: SME IPOs pack a punch on the returns front, as top stock zoomed 675 per cent!
In the year 2022, nearly 110 SME IPOs have raised about Rs 1995 crore. The biggest IPO had an issue size of Rs 76.28 crore
In the last one year, IPOs such as Adani Wilmar, Hariom Pipe Industries, Venus Pipes& Tubes, Veranda Learning Solutions and Vedant Fashion have given about 50 to 125 per cent returns since listing have grabbed eyeballs.
However, chances are high that you may have come across Rachana Infrastructure or Varanium Cloud- SME IPOs that have provided jaw dropping returns of over 600 per cent and turning multibagger in just a span of less than one-year.
In the year 2022, nearly 110 SME IPOs have raised about Rs 1995 crore. The biggest IPO had an issue size of Rs 76.28 crore which was Rachana Infrastructure Limited followed by Pace E-Commerce Ventures Limited IPO whose issue size was of about Rs 66.53 crore.
Though SME IPOs lack the huge numbers and marketing blitzkrieg of mainboard peers, they try to make it up with eye-popping returns if last one year data is anything to go by.
Here are the top 10 SME IPOs which have delivered the highest returns in the year 2022
|
Company Name
|
Listing Date
|
Issue Price (Rs)
|
Current Price at BSE (Rs)
|
Current Price at NSE (Rs)
|
Gain / Loss (%)
|
|
Rachana Infrastructure Limited
|
10-06-2022
|
135
|
|
1047.3
|
675.78
|
|
Varanium Cloud Limited
|
27-09-2022
|
122
|
|
943.8
|
673.61
|
|
Cool Caps Industries Limited
|
24-03-2022
|
38
|
|
284.35
|
648.29
|
|
Rhetan TMT Limited
|
05-09-2022
|
70
|
459.4
|
|
556.29
|
|
Jay Jalaram Technologies Ltd
|
08-09-2022
|
36
|
|
227.9
|
533.06
|
|
Empyrean Cashews Limited
|
31-03-2022
|
37
|
|
230.85
|
523.92
|
|
Containe Technologies Ltd
|
30-09-2022
|
15
|
91.5
|
|
510
|
|
Jayant Infratech Limited
|
13-07-2022
|
67
|
350.65
|
|
423.36
|
|
Concord Control Systems Limited
|
10-10-2022
|
55
|
218.5
|
|
297.27
|
|
Krishna Defence and Allied Industries Limited
|
06-04-2022
|
39
|
|
142
|
264.
|