New Delhi, December 15: The Indian economy which was battered by the coronavirus outbreak and the subsequent global lockdown, managed to reroute itself on the path to rapid growth and recovery in 2021. In the second quarter of 2021-22, the Indian GDP grew at a rate of 8.4 percent while the first quarter of the current fiscal had recorded an astounding growth rate of 20. 1 percent. The Indian share markets, too, boomed with two major indices, Nifty and Sensex, scaling their record highs this year. BSE Sensex, which has been often dubbed as the barometer of economic growth, crossed 60,000-mark for the first time in September this year. NSE's Nifty also reached record highs in the current fiscal. Click here to know fundamentals of IPO Investment.

Favourable market condition and regained confidence of the investors in the undercurrent of efforts taken for economic recovery, provided a perfect launchpad for several IPOs. Many companies from different industries, including Paytm, Naykaa, Zomato, Burger King among others, went public and listed their shares for subscription. Some of the offerings witnessed bumper success in the market and put their chief investors in ranks with the richest in the country while others fell flat. IPOs to Watch Out For: From Ola To GoAir, Know More About These IPOs Set to Hit The Indian Market Soon.

Here Are 5 IPOs That Garnered Bumper Success In The Stock Markets:

Nykaa IPO: Nykaa, a beauty, wellness and fashion e-commerce company, debuted on the share markets in October this year. The shares of FSN E-Commerce Venture Limited, which is the parent company of Nykaa, opened at a premium of around 78 percent, i.e, at Rs 2,001 while it was originally offered within a price range of Rs 1,085 to Rs 1,125. The massive success of this outing elevated Falguni Nayar, Nykaa's founder, to one the richest self-made women billionaire in India.

Zomato IPO: Another e-commerce company that went public this year is Zomato. The food delivery giant had an impressive opening in the stock market. Its retail segment was fully subscribed in the first hour of opening itself. The IPO opened at a premium of around 52 per cent. Though its final offer price was Rs 76, the IPO opened at around Rs 116. The Rs 9,375 crore IPO consisted fresh issue of Rs 9,000 crore while Rs 375 crore was an offer for sale by Inside Edge.

Indigo Paints IPO: The Initial Public Offering of Indigo Paints also made a strong debut in the share market in February this year. The IPO got listed at a 75 per cent premium. The offering was issued at Rs 1,490 per share but got listed at Rs 2,607. On the opening day itself, the price surged by 20 per cent and closed at Rs 3,118. The IPO was subscribed around 117 times.

MTAR Technologies IPO:  MTAR Technologies' IPO debuted at a solid premium in the March this year. A precision engineering solutions company, MTAR Technologies fixed an issue price at Rs 575 but got listed at Rs 1063.9 on BSE at a premium of around 85 per cent. While on NSE, its offering debuted at Rs 1,050 at a premium of around 82 per cent over the issue price.

Happiest Minds Technologies IPO:  One of the biggest debut on the stock market this year was by Happiest Minds Technologies IPO. Its offering opened at a premium of more than 110 per cent on both the National and Bombay Stock Exchanges. The issue price per stock was fixed at Rs 166. However, it debuted at a whooping Rs 351 on BSE and on NSE at Rs 350.

With the stock markets at all time high in India, several other companies went public this year. Policybazaar, Paytm, Metro Brands, Supriya Lifesciences,  and Go Fashion among launched their IPOs in the current fiscal. With the country's economy gradually coming back on track, several others, including Ola, are planning to open their IPOs in the coming months of fiscal 2021-22.

(The above story first appeared on LatestLY on Dec 15, 2021 02:39 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website