If There will be nothing wrong if we say that the year 2024 is in the name of IPO. There were a lot of IPOs this year and most of them have given excellent returns to investors. There was a flood of SME IPOs this year. Indian companies have so far raised a record Rs 1.6 lakh crore through IPO in the year 2024. This also includes Hyundai Motor India’s Rs 27,870 crore IPO. This is the largest IPO in Indian history. Today we are going to tell you which are those top-10 IPOs of 2024, which performed well on their debut. These include both mainboard and SME IPOs.
Vibhor Steel Tubes Limited
Vibhor Steel Tubes debuted with a listing gain of 195.53%. It was introduced at ₹151 and closed at ₹446.25. The company had raised ₹72.17 crore from the IPO. This IPO was oversubscribed 320.05 times.
BLS E-Services Limited
This stock gave a profit of 171.11% to investors on the day of listing. Its shares closed at ₹366 compared to the issue price of ₹135. This IPO was oversubscribed 162.38 times. The company had raised Rs 310.91 crore from the IPO.
Bajaj Housing Finance Limited
Bajaj Housing Finance had given a profit of 135.71% on the listing day. Its shares closed at ₹165 on the listing day compared to the issue price of ₹70. It had received a total subscription of ₹4.42 lakh crore.
KRN Heat Exchanger & Refrigeration Limited
Shares of KRN Heat Exchanger and Refrigeration had given a profit of 117.63% on the day of listing. The share closed at ₹478.79 compared to the issue price of ₹220. The issue size here was ₹341.95 crore and this IPO was oversubscribed 213.41 times.
Unicommerce eSolutions Limited
Unicommerce eSolutions had given a profit of 94.52% at the issue price of ₹108. The share closed at ₹210 on the listing day. At the same time, the IPO was subscribed 168.35 times more.
One MobiKwik Systems Limited
MobiKwik had surged 90% from its issue price of ₹279 on its debut. This IPO was worth ₹572 crore.
Premier Energies Limited
Premier Energies had given a profit of 86.6% on listing. It closed at ₹839.90 on the listing day compared to the issue price of ₹450. This IPO was oversubscribed 75 times.
Le Travens Technology Limited
Shares of Le Traven Technology had closed at ₹165.72 on the listing day. This is a profit of 78.19% compared to the issue price of ₹93.
JNK India Limited
JNK India had given a profit of 67.36% on listing. It closed at ₹694.47 on the listing day. This IPO was oversubscribed 28.46 times.
P N Gadgil Jewelers Limited
P N Gadgil Jewelers was up 65.27% on debut. The share price closed at ₹793.30 on the listing day. This IPO was oversubscribed 59.41 times.
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