These 9 IPOs of FY22 provided investors with multibagger returns.

Huge investor interest and energy are returning to the IPO market. Here are 9 FY22 IPOs that gave investors returns of up to 260%.

  1. Veranda Education

Veranda’s IPO is now a multibagger stock with a return of 132% after listing gains of 15%. A learning solution provider with an estimated M-cap of Rs 1,900 crore, the business combines its many years of expertise with cutting-edge technology.

  1. Adani Wilmar

The shares of Adani Wilmar have rocketed from the IPO issue price of Rs 230 to Rs 698.75, representing multibagger gains of 203%. The Adani Group’s FMCG business is called Adani Wilmar. This business is the sixth in the Adani Group to list on a stock exchange.

  1. Data Patterns

The aerospace and defence stock, which debuted on the stock exchanges in December of last year, increased from its initial public offering (IPO) issue price of Rs. 555 to Rs. 1352, yielding gains of 144%. The business offers vertically integrated defence and aerospace electronics solutions for the domestic defence products market.

  1. Go fashion

The women’s apparel company that went public during the period under consideration doubled investors’ funds. The stock closed at Rs 1395 on November 2, 2022, up over 102% from the IPO issue price of Rs 690.

  1. Paras Defence

Again, the defence stock has soared by 260% from its IPO price of Rs 175 since its listing in October of last year. The business creates systems for military and space uses. Defense & Space Optics, Defense Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies are its five business segments.

  1. Devyani International

The QSR operator has gained more than 108% since its initial issue price of Rs 90, rising to Rs 187. The company has a market capitalization of Rs 22,000 crore and is a midcap stock.

  1. Rolex rings

The stock has increased by a staggering 122% from the IPO issue price of Rs 900. One of India’s top producers of forged and machined components is Rolex Rings, an organisation with its headquarters in Gujarat.

  1. Tatva Chintan

Since the pharmaceutical company’s stock was listed in July of last year, it has increased by almost 126%.

  1. Macrotech Developers

From its IPO price of Rs. 486, the real estate giant has increased by 103%. In Mumbai, Pune, and London, the company is involved in the development of residential and commercial real estate.

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