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Top multibagger IPOs of 2023: IREDA, Tata Technologies to EMS, these 5 IPOs gave up to 240% return this year
As we are just a fortnight away from the new year 2024, it is very important to scrutinize your portfolio and the kind of return you have got from various asset investment. For an equity investor, year 2023 could be a remarkable year as al its indices are at record high and they have been touching new highs on a regular basis. Either it was secondary market or the primary market, a smart investor had ample oportunity to make money. Looking at the primary market, a total of 105 initial public offerings (IPOs) listed on BSE out of which 48 IPOs were main board IPOs. Out of these 105 IPOs, 90 IPOs are in green zone with respect to its issue prices. A micro scrutiny of the IPO performance in 2023 suggests that only 22 public issues listed at discounted price. Sp, seven public offers listed on BSE in the year 2023, listed at discounted price against their issue price but they recovered from the losses and came above their price band post-listing. So, from listing gain perspective, Indian IPOs had 79 per cent success rate in 2023. Among mainboard IPOs listed on BSE and NSE in 2023, only three out of 48 listed public issues are currently trading below their respective issue prices. Those three mainboard IPOs are Yatra Online, IRM Energy and Radiant Cash Management Services. Multibagger IPOs in 2023 Here we list out top mainboard IPOs that turned out a multibagger IPO for its allottees who remained invested in it till date: IREDA: Shares of Indian Renewable Energy Dev Agency Ltd are currently available at ₹108.30 on NSE. The public issue of this state-owned PSU was launched at ₹30-32 per equity share and the public issue listed on BSE and NSE at ₹50 apiece levels. So, IREDA shares delivered over 56 per cent listing gain to its allottees. However, if an allottee had remained invested till date, the absolute value of one's investment would have surged 3.40 times. This means, an allottee would have earned 240 per cent if it had remained invested in IREDA shares till date. Source - Mint
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