9 IPOs that gained over 100% against issue price in last one year

Avenue Supermarts, Shankara Building Products, CDSL, PSP Projects, Sheela Foam, Apex Frozen and Endurance Technologies have gained more than 100% against their respective issue price.

Avenue Supermarts, Shankara Building Products, Central Depository Services India (CDSL), PSP Projects, Sheela Foam, Apex Frozen and Endurance Technologies are among nine initial public offers (IPO) that have given healthy returns to the investors over the last one year.

The market prices of these nine newly-listed companies more than doubled, gaining up to 300% against their respective issue prices in the last one year.

Avenue Supermarts, which owns and operates D-Mart retail chain, hit a new high of Rs 1,245 on Wednesday in intra-day trade. At 11:37 AM; the stock was trading at Rs 1,233, appreciated by 312% against its issue price of Rs 299 per share.

Last month, Goldman Sachs said in a report that the retailer was well placed to benefit from the ongoing tax reform, with grocery market share shifting to the organised sector. “While Avenue Supermarts maintains low prices (with thin gross margins and light working capital), its CROCI (cash return in capital invested) remains better than global retail peers,” says Aditya Soman, analyst with Goldman Sachs. CLICK HERE TO READ FULL REPORT.

Shankara Building Products was trading at Rs 1,516, appreciated by 230% from its issue price of Rs 460 per share. Since July, the stock zoomed 87% from Rs 811, after the foreign portfolio investors (FPIs) increased their stake in the company in July-September (Q2FY18) quarter.

FPIs total holding in Shankara Building Products increased by 3.39 percentage points to 10.66% in Q2FY18. They hold 7.27% stake in the company at the end of June quarter (Q1FY18), according to the latest shareholding pattern with the stock exchanges.

PSP Projects too hit new high of Rs 466 on BSE in intra-day trade today. The construction & engineering company issued shares at price of Rs 210 per share, is currently trading 107% higher against its issue price of Rs 210 per share.

The company on Tuesday, after market hours said that it has been awarded main contract works at Surat Diamond Bourse, Khajod valued at Rs 1,575 crore.

COMPANY NAME	DATE OF LISTING	IPO PRICE(Rs)	LATEST PRICE(Rs)	% chg
AVENUE SUPER.	MAR 21,2017	299.00	1231.25	311.79
SHANKARA BUILD.	APR 05,2017	460.00	1516.00	229.57
MAJESTIC RESEARC	DEC 14,2016	114.00	324.10	184.30
SALASAR TECHNO	JUL 25,2017	108.00	282.95	161.99
CENTRAL DEP. SER	JUN 30,2017	149.00	388.50	160.74
ENDURANCE TECH.	OCT 19,2016	472.00	1098.75	132.79
APEX FROZEN	SEP 04,2017	175.00	405.00	131.43
PSP PROJECTS	MAY 29,2017	210.00	434.00	106.67
SHEELA FOAM	DEC 09,2016	730.00	1471.15	101.53
PNB HOUSING	NOV 07,2016	775.00	1507.30	94.49
AU SMALL FINANCE	JUL 10,2017	358.00	582.00	62.57
DIXON TECHNOLOG.	SEP 18,2017	1766.00	2713.85	53.67
CAPACIT'E INFRA.	SEP 25,2017	250.00	349.00	39.60
PRATAAP SNACKS	OCT 05,2017	938.00	1284.05	36.89
COCHIN SHIPYARD	AUG 11,2017	432.00	582.40	34.81
LAURUS LABS	DEC 19,2016	428.00	541.70	26.57
BSE	FEB 03,2017	806.00	1000.00	24.07
MUSIC BROADCAST	MAR 17,2017	333.00	397.00	19.22
TEJAS NETWORKS	JUN 27,2017	257.00	306.20	19.14
VARUN BEVERAGES	NOV 08,2016	445.00	516.75	16.12
ICICI LOMBARD	SEP 27,2017	661.00	685.75	3.74
MANAS PROPERTIES	MAR 30,2017	360.00	362.00	0.56
SBI LIFE INSURAN	OCT 03,2017	700.00	699.25	-0.11
ERIS LIFESCIENCE	JUN 29,2017	603.00	586.65	-2.71
SECURITY & INTEL	AUG 10,2017	815.00	783.10	-3.91
BHARAT ROAD	SEP 18,2017	205.00	181.60	-11.41
MATRIMONY.COM	SEP 21,2017	985.00	860.30	-12.66
GTPL HATHWAY	JUL 04,2017	170.00	147.00	-13.53
S CHAND & COMPAN	MAY 09,2017	670.00	476.55	-28.87
CL EDUCATE	MAR 31,2017	502.00	335.00	-33.27
List of IPO's have issue price of more than Rs 100 per share