September 18, 2025
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IPOs are back in fashion and what better way to seek inspiration on what IPOs to apply for than to look at some issues that have become super-duper multibaggers in the recent past
IPOs are back in fashion and what better way to seek inspiration on what IPOs to apply for than to look at some issues that have become super-duper multibaggers in the recent past

Moneycontrol.com has a nice little compilation of 13 IPOs that have become super-duper multibaggers. Leading from the front is Yes Bank which has been a 9 bagger in 7 years. The returns from the other stocks is also astonishing. The best thing is that the fundamentals of these stocks are still intact and so it should not come as a surprise if these stocks give multibagger returns even from here.

IPO: Yes Bank
Listing Date: 07-12-2005
Offer Price: Rs 45
CMP (Dec 10): Rs 457.8
Gains made from issue (%): 917.33
Money made on Rs 10,000 investment: Rs 1,01,733

IPO: Page Industries
Listing Date: 3-16-2007
Offer Price: Rs 360
CMP (Dec 10): Rs 3,485.45
Gains made from issue (%): 868.18
Money made on Rs 10,000 investment: Rs 96,818

IPO: Jubilant Foodworks
Listing Date: 02-08-2010
Offer Price: Rs 145
CMP (Dec 10): Rs 1,333.25
Gains made from issue (%): 819.48
Money made on Rs 10,000 investment: 91,948

IPO: Kaveri Seed
Listing Date: 10-04-2007
Offer Price: Rs 170
CMP (Dec 10): Rs 1,365.055
Gains made from issue (%): 702.97
Money made on Rs 10,000 investment: Rs 80,297

IPO: Onelife Capital Adv
Listing Date: 10-17-2011
Offer Price: Rs 110
CMP (Dec 10): RS 786.5
Gains made from issue (%): 615
Money made on Rs 10,000 investment: 71,500

IPO: V-Guard Ind
Listing Date: 3-13-2008
Offer Price: Rs 82
CMP (Dec 10): Rs 539.95
Gains made from issue (%): 558.48
Money made on Rs 10,000 investment: Rs 65,848

IPO: Solar Ind
Listing Date: 04-03-2006
Offer Price: Rs 190
CMP (Dec 10): Rs 1,004.20
Gains made from issue (%): Rs 428.53
Money made on Rs 10,000 investment: Rs 52,853

IPO: Mah & Mah Fin
Listing Date: 3-17-2006
Offer Price: Rs 200
CMP (Dec 10): Rs 1,055.45
Gains made from issue (%): 427.73
Money made on Rs 10,000 investment: Rs 52,773

IPO: IDFC
Listing Date: 08-12-2005
Offer Price: Rs 34
CMP (Dec 10): Rs 172.6
Gains made from issue (%): 407.65
Money made on Rs 10,000 investment: Rs 50,765

IPO: Vivimed Labs
Listing Date: 8-17-2005
Offer Price: Rs 70
CMP (Dec 10): Rs 349.65
Gains made from issue (%): 399.50
Money made on Rs 10,000 investment: Rs 49,950

IPO: Dena Bank
Listing Date:2-23-2005
Offer Price: Rs 27
CMP (Dec 10): Rs 121.60
Gains made from issue (%): 350.37
Money made on Rs 10,000 investment: Rs 45,037

IPO: ICRA
Listing Date: 4-13-2007
Offer Price: Rs 330
CMP (Dec 10): Rs 1,413
Gains made from issue (%): 328
Money made on Rs 10,000 investment: Rs 42,830

IPO: Tribhovandas Bhimji Zaveri
Listing Date: 05-09-2012
Offer Price: Rs 120
CMP (Dec 10): 279.65
Gains made from issue (%): 133.04
Money made on Rs 10,000 investment: 23,321

Of course, this does not mean that you should dive in headlong into every IPO that comes your way. The number of IPOs that have flopped outnumbers the IPOs that have given multibagger returns (e.g. SKS Microfinance, Future Capital). So, discretion is always the better part of valour when applying for IPOs 🙂

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