Top 10 performing SME IPOs of 2022 that delivered returns up to 716 per cent! Do you own any?

Empyrean Cashews is the best performing amongst all as it turned out to be an 8-bagger

The calendar year 2022 has been a topsy-turvy one so far as in the first half, the markets were gripped by several headwinds such as inflation, interest rate hikes, geopolitical issues, etc. which further hampered the confidence of the market participants. 

In comparison, the year 2021 was a bumper one for the Indian primary market with 63 companies, collectively raising Rs 1.2 lakh crore through initial public offerings (IPOs), the highest amount ever raised in a single calendar year.  

Nevertheless, the calendar year 2022 turned out to be a lukewarm one due to the above-mentioned concerns.   

The performance of the insurance behemoth - Life Insurance Corporation of India (LIC) is not hidden from anyone and many investors are still licking their wounds; however, the utter disappointment of Goliath (giant company IPO) of the market is taken care of by David (underdog).     

Herein, David is referred to as the SME IPOs. SME stands for small & medium enterprises and is considered to be the backbone of India’s growing economy.   

So, here is the list of the top 10 best-performing SME IPOs in India in the calendar year 2022: 

So, Empyrean Cashews is the best performing amongst all as it turned out to be an 8-bagger, followed by Globesecure Technologies, which has been a 5-bagger.  

You'd notice that all the stocks have been multibagger ">Multi-baggers in the above list and that too, in a short span of time! 

Let us know which of the above stocks you hold in your portfolio.