While the year 2020 may have not been the best of year’s, it has been a magical one for those who backed IPO’s in the market. Some of the newly listed firms enjoyed unprecedented gains making it a year to remember for their backers. Here is a look at five issues that gained over 50 percent on the listing day itself: (Photo Courtesy: flickr.com)Burger King India: Starting with a fixed price band of Rs 59-60, the initial public offering of the quick-service restaurant chain was subscribed 1.8 times on the first day of the bidding process. The stock price rose as high as Rs 138.40 on December 14 before climbing further to about Rs 200. It has given up some gains since but still trades at around Rs 160.Happiest Minds: Having an issue price of Rs 166, the stock gained 123 percent to Rs 371 when it listed on September 17. It currently trades at Rs 323.Route Mobile: The Rs 600-crore initial public offer the cloud communications service provider, was fully subscribed on the first day and it gained 86 percent to Rs 651.10 against the issue price of Rs 350 as on September 21. That wasn’t enough. The stock continued to climb to as much as Rs 1,216, and now trades at Rs 1,070.Rossari Biotech: The biotech firms stock gained 75 percent on listing day to Rs 742.35 as against the issue price of Rs 425 as on July 23. The stock is now at Rs 830.(Representational image: John Cairns, University of Oxford via AP)Chemcon Speciality Chemicals: While starting at an issue price of just Rs 340, the stock gained 72 percent to Rs 584.80 as on October 1. It has, however, given back some gains at is close to around 408.
