Venus Pipes Adani Wilmar Easy Trip Metro Brands Became Multibagger Stocks After Seeing Muted Listing On Stock Exchanges MarketGyani.com
Multibagger IPO: Any investor invests in IPO in the hope of making big gains in a short period of time. Many IPOs came in the last month, some of which gave excellent returns to the investors on listing, while some IPOs fell below the issue price along with the listing. But there are many such IPOs in the market which gave meager returns on the day of listing on the stock exchange, but within a few months of listing, these shares became multibaggers.
Venus Pipes Venus Pipes had issued an IPO at a price of Rs 326 per share. The stock closed with a gain of only 7.9 per cent on the day of listing. But since the listing, this stock has become a multibagger. And now this share is trading at Rs 724, 122% above its issue price.
Adani Wilmar – Adani Wilmar has earned the biggest multibagger stock of 2022. However, on the day of listing, the stock was listed above the issue price of Rs 230 and the stock fell below the issue price as well. But after 11 months of listing, the stock has become a multibagger. Adani Wilmar’s stock has given 149 per cent return to the investors.
Easy Trip Travel tech company Easy Trip raised funds in IPO at Rs 187 per share. The IPO opened at Rs 182, below its issue price. There was a lackluster listing of the IPO. But this IPO has given multibagger returns to its investors since listing. The company has also given bonus shares twice and stock split has also happened. Easy Trip’s stock has given a multibagger return of 342 per cent since listing. The stock is trading at Rs 51.65 due to bonus and stock split.
Macrotech Developers Macrotech Developers also known as Lodha. Macrotech Developers came up with an IPO at an issue price of Rs 486 and the stock was listed with a decline of -4.7 per cent on the day of listing. But now the stock is trading at Rs 1074 with a jump of 121 per cent from its issue price.
Metro Brands Rakesh Jhunjhunwala, who was the big bull of the stock market, had disappointed the investors in the listing of Metro brand IPO. The share with an issue price of Rs 500 closed at Rs 493.55, down 1.29 per cent. But now the Metro Brands stock is trading at Rs 860, up 72 per cent from its issue price.
Vedant Fashions The IPO of Vedanta Fashions also disappointed the investors on the day of listing. The company had issued shares in the IPO at the rate of Rs.866. On the day of listing, the stock closed with a gain of only 7.95 per cent. But now this stock is trading around Rs 1298 with a jump of 50 per cent.