Compared to the 65 IPOs in 2021, only 31 have been listed so far in 2022. Four stocks out of the 31 new listings in total, doubled the wealth of investors with gains of more than 100%.

Droneacharya Aerial Innovations made a remarkable initial public offering on 23 December. The company's shares opened at Rs 102 with a premium of over 88% compared to its issue price of Rs 54 per share on the ESB SME platform on the day it opened. It then touched its intraday high of Rs 107.10 in a breathtaking performance.

Electronics Mart India went public on 17 October. It was listed on the stock exchange with a staggering increase of 52%. On ESB, the opening price of the IPO of Rs 50 clore was Rs 89.40. In addition, compared with the issue price of 153 rupees when it first traded on April 13, Hariom Pipe Industries' shares increased by about 51%. It recorded an increase of 39.86% compared to the issue price, then jumped 46.86% to close at Rs 224.70.

In short, Droneacharya Aerial Innovations, Electronics Mart India, Hariom Pipe Industries, DCX Systems, Harsha Engineers International Limited, Syrma SGS Technology Limited are ranked among the most successful IPOs. While the least efficient are: Fusion Micro Finance, Inox Green Energy Services, Sula Vineyards and Uniparts India Limited.