Easy Trip Planners, Macrotech Developers, Barbeque Nation among top 2021 IPOs that delivered up to 175% returns during the year

The parent company of online travel aggregator platform EaseMyTrip not only made a positive debut on the stock market on March 19, but rewarded investors with attractive returns of 175% in 2021.

The company operates the EaseMyTrip.com website and offers a range of travel-related products and services for end-to-end travel solutions.

At first the company announced its first dividend in April 2021 almost a month after its listing on the stock exchange. Later, the travel ticketing platform declared an interim dividend of 50% or ₹1 per equity share of the face value of ₹2 for the fiscal year 2022 that ends in March next year.

Adding to it, the company reported over 330% growth in its net profit and 164% in revenue in the September quarter.

In fact, the company hit $1 billion in market capitalisation on September 17. Also, it acquired business-to-business travel marketplace Traviate.

Mumbai-based real estate developer Macrotech Developers, formerly known as Lodha Developers, is one the largest real estate developers in India. It has a strong sales distribution network across India as well as in NRI markets i.e., the GCC countries, the UK, Singapore, and the US.

The stock has been in an upward trajectory since the company announced plans to raise capital. Another factor driving the stock price up is a report by Business Standard, which said that Lodha Developers is looking to enter the Bengaluru market to tap huge property demand in the so-called information technology (IT) city. It may invest ₹3,000 crore for growth in Mumbai Metropolitan Region (MMR) and Pune region as it aims to increase its annual sales bookings by almost three times to ₹20,000 crore by 2025-26.

The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develops commercial real estate.

Laxmi Organic Industries, the speciality chemicals manufacturer, which made a decent debut on the stock market with 21% listing gains has surged more than two times this year.

Some of the factors influencing the rally behind the stock is the firm’s dominance in the market. The company is among the largest manufacturers of India’s ethyl acetate market with a market share of 30%.

Ethyl acetate is a colourless liquid commonly used in glues, nail polish removers, and in the decaffeination process of tea and coffee.

Also the fact that the company posted robust earnings growth in the first quarter of FY21 added to the rally in the stock. It posted a 379% rise in consolidated net profit at ₹102 crore.

Although shares of the casual dining restaurant chain debuted on discount, it caught up to the rally later.

Investors seem to like the business model of Barbeque Nation, which continued with its operations in the second wave despite the nature of its business to serve customers in restaurants. June quarter during the second wave of the pandemic did impact its business but the impact was partially mitigated due to its continued rise in take-outs and online delivery.

Further, the casual dining restaurant chain plans to open up 20 outlets in the ongoing financial year and double down on its delivery business as well.

Barbeque Nation Hospitality owns and operates Barbeque Nation Restaurants, casual dining restaurant chains and International Barbeque Nation Restaurants.

Healthcare and wellness products distributor Nureca, which became a publicly listed company on February 25, made a strong listing on exchanges with 59% listing gains.

The company, incorporated in 2016, engages in the business of home healthcare and wellness products. It sells blood pressure monitors, pulse oximeters, thermometers, nebulisers, and self-monitoring glucose devices under the brand name Dr Trust.

The stock was in an upward trend since listing except the last one month from November 17 to December 16. The company’s stock has fallen 4% in the last one month as its net profit slipped 79% to ₹5.43 crore in the September quarter.

The automotive components maker has rallied continuously since its listing in June because of the boom in the electric vehicle space.

Reportedly, 41% of its revenue came from electric vehicles (EVs) in FY21. Sona Comstar is a supplier of highly engineered, mission critical automotive systems. It supplies components to original equipment manufacturers (OEM) of global auto giants like Ford Motors, Daimler and back home, to Tata Motors and Ashok Leyland, among others.

The company has nine manufacturing and assembly plants located across India, China, USA and Mexico – six of those are in India.

StoveKraft made a successful debut on exchanges with a 29% premium and has surged up to 118% since then.

The 15-year old kitchen appliance maker is best known for its brand Pigeon and Gilma. Reportedly, the company’s growth in the cooker and cookware segment is faster than industry majors -- TTK Prestige and Hawkins Cookers.

Further, Stove Kraft has also forayed into the home appliances and consumer LED segments.

Adding to the positive factors, this week ICRA reaffirmed, both the long-term and short-term credit rating of Stove Kraft and has revised the outlook to positive from stable.

MTAR Technologies made a blockbuster listing on exchanges in March with 85% premium.

The Hyderabad-based company has precision engineering capabilities to build nuclear and pressurised water reactors, aerospace engines, missile systems, aircraft components and many such other critical components and assemblies.

Followed by dazzling listing gains, the company impressed investors with strong profits. In the September quarter, it reported 37% on year growth in net profit at ₹19.05 crore.