2022 has seen 109 initial public offerings (IPO) listed to the Indian exchanges. With two months to go, we are already closing in on the 117 number - which was the total IPOs listed in 2021. In this week’s chart of the week, we take a look at the best performing IPOs listed in 2022.
The best performing IPO of the year is telecom company Steelman Telecom which has risen 135.3% since its listing. The IPO was listed on October 10 with an issue size of Rs 26 crore at an issue price of Rs 96 per share. The company offers support services and solutions to address the network requirements of the Telecom industry. The stock is currently trading at around Rs 225.
The second best performing IPO of 2022 is snack business Annapurna Swadisht, which has risen 129.7% since its listing on September 27. The issue size of the IPO was Rs 30.3 crore with an offer price of Rs 68 per share, and it has been trading at around Rs 155 since its listing. The IPO was 133.4x oversubscribed. The company is a manufacturer of snacks and food products like fryums, cakes, candies, namkeen, chips, and gohona bori.
Telecom equipment manufacturer Frog Cellsat comes third, with a 79.5% rise in price since its listing on October 13. The IPO debuted with an issue size of Rs 41.6 crore at an issue price of Rs 102 per share. The company manufactures telecom equipment like 2G/3G/4G multi-band digital RF repeaters, multi-band frequency shift repeaters, multi-band optical DAS systems, relative software, and accessories. The stock has been trading at around Rs 195, at a substantial premium to its issue price.
The fourth best performing IPO is electronics retailer Electronics Mart India, which has risen 60.9% since its listing. The IPO listed this month on October 17 with an issue size of Rs 500 crore at an issue price of Rs 59 per share. The company offers a range of products with a focus on large appliances, air conditioners, televisions, washing machines, refrigerators, and also mobiles and small appliances, IT and others. Last traded price of the IPO was Rs 93.
See the full list of most successful IPOs
