In a remarkable turn of events, six stocks listed in October are proving to be major success stories, showcasing impressive gains of up to 340% from their respective issue prices. Here’s the full list:
- Goyal Salt:
- Went public on October 11, 2023.
- Debut with a 242% premium, opening at ₹130 compared to the issue price of ₹38.
- Closed the first day with a 258% gain at ₹136.
- Currently up by a substantial 340.5% from the issue price.
- Extraordinary investor interest, with a subscription rate of 267 times.
- Vishnusurya Projects and Infra:
- Made a decent entry on October 10, 2023.
- Opened at ₹76.7 compared to the issue price of ₹73.
- Rallied 170.27% to ₹207.30 within 23 sessions.
- Currently trading 204.8% higher than its issue price.
- Engaged in mining, manufacturing of aggregates, and EPC projects.
- Newjaisa Technologies:
- Gained 200%, currently trading at ₹138.65 from the issue price of ₹47.
- Technology-driven, providing quality refurbished electronics at significant discounts.
- Vinyas Innovative Technologies:
- Successful entry on October 06, opening at ₹330 compared to the issue price of ₹165.
- Finished the first day at ₹346.5, over 110% higher than the IPO price.
- Currently trading 194% higher than its IPO price.
- Offers design, engineering, and electronics manufacturing services.
- E Factor Experiences:
- Strong debut, opening at a 53% premium at ₹115 compared to the issue price of ₹75.
- Closed its debut day with a gain of 61% at ₹120.8.
- Currently trading 128% higher than its IPO price of ₹171.
- Engaged in providing event experiences and services.
- Plaza Wires:
- Listed on October 13, 2023, raising ₹71.3 crore through the IPO.
- Received tremendous investor response, subscribed to 160.98 times.
- Great debut, opening at a 40.74% premium at ₹76 compared to the issue price of ₹54.
- Ended the first day with a 48.5% gain at ₹80.2.
- Currently trading with a gain of 115.2% over the IPO price of ₹54.
- Engaged in the manufacturing and selling of wires, LT aluminium cables, and electrical goods.
In summary, these October IPOs have delivered outstanding returns, with these six stocks leading the way in an impressive display of market success.
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