What are the best-performing IPOs in India?

India has witnessed several high-performing IPOs over the years, offering substantial returns to investors. The best-performing IPOs are those that have shown remarkable growth since their listing, either due to strong market demand, good company fundamentals, or investor confidence in the sector. Here’s a list of some of the best-performing IPOs in India:

1. Zomato IPO (2021)

- Issue Price: ₹76 per share
Listing Price: ₹116 per share
Current Price (As of 2024): ₹140-₹150 range

Zomato, one of the largest food delivery platforms in India, went public in 2021 and was one of the most talked-about IPOs in the country. The company received overwhelming demand from retail and institutional investors, and its stock performed well on listing day, making it a profitable investment for many. With the growing trend of online food delivery and strong brand recognition, Zomato continues to be a major player in the market.

2. Paytm IPO (2021)

- Issue Price: ₹2,150 per share
Listing Price: ₹1,950 per share
Current Price (As of 2024): ₹1,600-₹1,700 range

Paytm, India's largest digital payment platform, made its debut on the stock market in November 2021. Despite a slow start, the company has shown potential as the digital payment space in India continues to grow. Although the stock faced a tough start, investors remain optimistic about its long-term prospects in the fintech sector.

3. Nykaa IPO (2021)

- Issue Price: ₹1,125 per share
Listing Price: ₹2,018 per share
Current Price (As of 2024): ₹1,800-₹2,000 range

Nykaa, one of India's largest beauty and wellness e-commerce platforms, went public in 2021 and became an instant hit with investors. The company’s stock performed exceedingly well on the day of listing, and the business continues to expand as online shopping in India continues to grow. Nykaa has become one of the shining stars in the e-commerce space in India.

4. Adani Green Energy IPO (2017)

- Issue Price: ₹33 per share
Listing Price: ₹36 per share
Current Price (As of 2024): ₹1,200-₹1,300 range

Adani Green Energy, a company focusing on renewable energy generation, was listed in 2017. The stock has seen significant growth, especially with the increasing focus on clean energy and the renewable sector's potential. Investors who held onto the stock have seen massive returns, making it one of the best-performing IPOs in India.

5. SBI Cards & Payment Services IPO (2020)

- Issue Price: ₹755 per share
Listing Price: ₹658 per share
Current Price (As of 2024): ₹900-₹950 range

SBI Cards, the largest credit card issuer in India, went public in 2020. While the stock faced a decline on listing day, it has shown steady growth since then. The company’s strong market position in the Indian credit card industry, coupled with the growing adoption of digital payments, has led to an upward trajectory in the stock price.

6. Conclusion

These IPOs are just a few examples of companies that have provided excellent returns to their investors. While the performance of IPOs can vary, looking at the market demand, growth potential, and the company’s fundamentals can help investors make informed decisions. If you’re interested in getting involved in the stock market and taking part in future IPOs, opening a trading account is a great way to start your investment journey.