A restaurant and hotel chain, a maker of decorative tubes and industrial pipes and a small and medium enterprise from (SME) in wind sector have emerged among the top five performers among the newly-listed stocks this calendar.
These SME stocks on BSE managed to beat BSE debutants in the general category by huge margins.
Data showed shares of Vidli Restaurants, run by Mumbai-based Kamat group, have climbed 700 per cent over offer price. At present, the scrip trades at Rs 96 apiece against an offer price of Rs 10 a share. The stock got listed on February 15 this calendar.
Umiya Tubes, which is engaged in manufacturing of stainless steel decorative tubes and industrial pipes, has surged 413.40 per cent to Rs 53.65 apiece over its April 1 offer price of Rs 10. The stock got listed on April 1.
KP Energy, a part of the Faruk Gulambhai Patel-founded KP Group, has seen its shares surge 154 per cent over the issue price of Rs 70. The scrip, which got listed on February 25, now trades at Rs 180-odd level.
Another top listings of 2016 included logistic firm Lancer Container Lines, whose scrip has risen 131 per cent over its issue price of Rs 12 since its listing on April 13.
Packaging firm Sysco Industries (not to be confused with US-based Cisco) has seen its stock rise 108 per cent so far. The scrip trades at around Rs 30 level over its issue price of Rs 10 apiece.
Stocks listed on BSE too had a dream run this calendar. But the gains were not as huge as the ones offered by some of these SMEs.
Listed on April 4, Infibeam Incorporation has doubled investor wealth so far. The stock trades at Rs 914, up 105 per cent from its issue price of Rs 432 apiece.
Shares of Ujjivan Financial Services, Advance Enzymes and Mahanagar Gas have surged between 43 per cent and 97 per cent (over issue price) so far since their listings.
Source: The Economic Times
