Top 5 SME IPOs That Generated Highest Returns

There has been a lot of buzz that the Indian IPO markets went dry in the year 2013. Although this may be true for normal large cap IPOs, but there has been a lot of activity seen in SME IPOs.  This might have gone unnoticed to many investors about the humongous returns that the SME IPOs have generated. Just to give you a brief out of the total 12 SME IPOs that got listed in BSE SME in 2013, 11 have generated positive returns.

Here in this article we are presenting to you the top 5 SME IPOs which had generated highest returns in the last calendar year.

GCM Securities: Kolkata based GCM Securities, was incorporated as a limited company in the year 1995. The Company became a Corporate Member of National Stock Exchange of India Limited under the Capital Market Segment in October 1995, became Self Clearing Member under F & O Segment in 2006 and took membership of Bombay Stock Exchange Limited in 2010. It got listed in the last year and the issue price for the IPO was Rs 20. Since listing the stock price have appreciated by 1255% and is currently trading at Rs 271.

hpc Biosciences: hpc BIOSCIENCES offers cultivation, processing, and distribution of agriculture commodities in India. The company operates in one segment, Agriculture Operations. It cultivates various agricultural products, including wheat, paddy, sugar cane, pulses, fruits, vegetables, and flowers. The company hit the SME IPO space with a with a fixed price issue which stood at Rs 35. At present the stock is trading at Rs 146 resulting into a price appreciation of 317%.

Channel Nine Entertainment: Channel Nine Entertainment engages in the production, marketing, and distribution of television serials, television programmes, films, video films, corporate films, feature films, and documentaries in India. The company is also involved in the marketing of sports and entertainment events. In addition, it engages in the Website development and maintenance activities. In the year 2013, the company came out with its SME IPO at an issue price of Rs 25 per share. Since then, the company has given a return 262 per cent to trade at Rs 90.50 currently.

Samruddhi Realty: Samruddhi Realty, along with its subsidiaries, provides real estate development services in India. It develops and sells various residential projects. The company also provides living spaces, such as independent bungalows, villas, apartments, and townships for rental or for resale purposes. In addition, it offers customer relationship management services. The stock has generated a return of 200 per cent to trade at Rs 36 currently as against a issue price of Rs 12 for its sole SME IPO.

Ashapura Intimates Fashion: Ashapura Intimates Fashion is engaged in manufacturing and marketing of various kinds of garments. It is involved in designing, job contract manufacturing, branding, marketing, selling, and trading of intimate garments for men, women, boys, girls, and toddlers. The company offers loungewear, bridal night wear, honeymoon sets, and bathrobes under the Valentine and N-Line brands. The stock has generated a return of 142.25 per cent and is currently trading at Rs 97 as against the issue price of Rs 40 per share.