The IPO market in India has seen an amazing rise in the year 2024 where many companies have seen excellent performance right about when they were listed.
Here is an exhaustive list of top performing IPOs of the year, including listing date, issue price, last traded price, total gain, and overview of each company.
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IPO Market Overview in 2024
The IPO market has bounced back very strongly in 2024, with India leading global IPO volumes. Half of 2024 alone accounted for 25% of global IPO activity when more than 178 companies entered the stock market.
This is largely due to a strong trend of investor confidence and a good economic atmosphere, which many companies managed to reap high listing gains.
List of Top Performing IPOs
Using performance metrics such as listing gains and the last traded prices (LTP), here is a list of the 10 best IPOs in 2024:
1. Jyoti CNC Automation Ltd
- Listing Date: January 16, 2024
- Issue Price: ₹331
- Last Traded Price (LTP): ₹1,135.6
- Total Gain:08%
It is one of the biggest manufacturers in the country of CNC machines. Its maiden listing was marked by a strong Listing gain of 31%, as reflected in rigorous demand driven by impressive quarterly earnings, with higher revenue and net profit for the company.
2. Bharti Hexacom Ltd
- Listing Date: April 12, 2024
- Issue Price: ₹570
- LTP: ₹1,407
- Total Gain:84%
Bharti Hexacom’s stock saw a rise as the company concentrated on providing wireless services in low teledensity areas and was driven by growth of subscriber bases and improvements in average revenue per user (ARPU). Bharti Hexacom has been trying to shift more customers to higher data plans, enhancing growth potential.
3. Premier Energies Ltd
- Listing Date: September 3, 2024
- Issue Price: ₹450
- LTP: ₹1,047.4
- Total Gain:76%
Premier Energies is engaged in manufacturing solar cells and modules. The stock jumped significantly after listing day as huge orders and demand from the market for renewable energy sources were on a roller coaster ride under government initiatives.
4. Platinum Industries Ltd
- Listing Date: March 5, 2024
- Issue Price: ₹171
- LTP: ₹380.1
- Total Gain:28%
The company operates in the manufacturing sector where it has witnessed its stocks increase with the boosting demand for industrial products and effective management strategies that have placed it well in the market.
5. Exicom Tele-Systems Ltd
- Listing Date: March 5, 2024
- Issue Price: ₹142
- LTP: ₹308.6
- Total Gain:32%
Exicom is focusing on power systems and EV charging solutions. It reflects increasing confidence of Investors as the company is strategically placed in the continuously expanding electric vehicle market.
6. Bajaj Housing Finance Ltd
- Listing Date: September 16, 2024
- Issue Price: ₹70
- LTP: ₹150.6
- Total Gain:14%
It is another key player in housing finance stock, which has done well due to good loan growth as well as customer service enhancement that attracts new borrowers.
7. KRN Heat Exchanger Ltd
- Listing Date: October 3, 2024
- Issue Price: ₹220
- LTP: ₹452.21
- Total Gain:55%
KRN Heat Exchanger offers energy-saving solutions for industrial use. The company share has multiplied manifolds since it rides the wave of increasing demand for green technologies.
8. Unicommerce eSolutions Ltd
- Listing Date: August 13, 2024
- Issue Price: ₹108
- LTP: ₹205.47
- Total Gain:25%
Unicommerce offers e-commerce solutions that make the operations of online retail uncomplicated. The performance of the stock is a result of increased growth in India’s e-commerce market and efficient capturing of the market share by the company.
9. TBO Tek Ltd
- Listing Date: May 15, 2024
- Issue Price: ₹920
- LTP: ₹1,749.1
- Total Gain:12%
TBO Tek is a travel technology solution company and its stock has had an uptick as there has been much demand for digital solutions in the travel sector due to its rebounding after the pandemic.
10. Awfis Space Solutions Ltd
- Listing Date: May 30, 2024
- Issue Price: ₹383
- LTP: ₹672.05
- Total Gain:47%
Awfis provides flexible workspace solutions and an increasing trend towards remote work and co-working spaces have added quite a bit of stock appreciation.
Disclaimer: Last Traded Prices and gains are approximate and subject to market fluctuations. Investors should conduct their own research before making investment decisions.
Conclusion
IPO India scene for 2024 has been a display of great performances in varied sectors that include technology, renewable energy, construction, and finance.
Strong investor confidence through such top-performing IPOs indicates the dynamic characteristics of the Indian market. Incidentally, companies are doing everything new to innovate and expand in a way that matches the rising demands of consumers.
Investors seeking to invest could include these successful IPOs in their portfolio strategy while keeping abreast of trends within the market and risks associated with equity investment.
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