Devyani International shares continued to rise on Tuesday, a day after the recent Dalal Street debutant began trading on stock exchanges with a strong premium. The Devyani stock price jumped as much as seven percent after listing at a premium of nearly 57 percent each on bourses BSE and NSE.
With its bumper market debut, Devyani - the biggest franchisee of Yum brands in India operating brands such as KFC and Pizza Hut under its banner - made it to the top 10 listings so far in 2021.
Devyani was eighth among the best stock market listings so far this year, followed by food delivery startup Zomato and agri-chemicals maker Heranba, whose shares debuted at premiums of 51 percent and 44 percent respectively over their issue prices, stock exchange data showed.
As of Tuesday, the best listing this year has been of GR Infraprojects, whose shares debuted at a premium of 103 percent - doubling investors' money on listing day. GR Infra, however, is not the only company that rewarded IPO participants with double returns on listing day.
Clean Science and Technology, and Tatva Chintan Pharma Chem are two other recent debutants that also nearly doubled investors' money on listing day. Clean Science gave a listing day gain of 98 percent, and Tatva Chintan 95 percent.
MTAR Technologies, Nazara Technologies, IndiGo Paints and Nureca were next in the ranking of best listings so far this year, data showed.
Here are the top 10 listings and how their IPOs fared:
| Company | Listing day premium over issue price | IPO subscription (No. of times) |
| GR Infraprojects Limited | 103% | 103 |
| Clean Science and Technology Limited | 98% | 93 |
| Tatva Chintan Pharma Chem Limited | 95% | 180 |
| MTAR Technologies Limited | 85% | 201 |
| Nazara Technologies Limited | 79% | 176 |
| Indigo Paints Limited | 75% | 117 |
| Nureca Limited | 59% | 40 |
| Devyani International Limited | 57% | 117 |
| Zomato Limited | 51% | 38 |
| Heranba Industries Limited | 44% | 83 |
Source: BSE data
On the other hand, Windlas Biotech saw the worst listing so far this year, with its shares debuting at a discount of 54 percent. Kalyan Jewellers, Macrotech Developers and Craftsman Automation were among the other debutants that began their journey at a discount to their issue price.
First Published: Aug 17, 2021 11:02 AM IST
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