2024 was a year of some crucial developments at Dalal Street. From ups and downs to milestones, this year had it all. Another crucial aspect that made this year colourful at equity markets was the long tranche of IPOs or Initial Public Offerings that were ‘on offer’ in 2024.
As the 24th year of the new millennium comes to a close, we take a look back at the big-ticket, blockbuster IPOs that came to pass in the new year.
Hyundai Motor India
At first, we have Hyundai Motors India, the Korean car company’s Indian arm that scaled the summit of the biggest IPO in the history of the Indian equity markets.
In the bargain, Hyundai, with a size of Rs 27,870.16 crore, surpassed the previous record holder, the Life Insurance Corporation of India or LIC, with had book-built issue of Rs 21,008 crore. The Hyundai IPO was listed on October 22. Ever since its listing, the company shares have declined by 5.01 per cent or Rs 92.40, taking the overall to Rs 1,751.35.
Swiggy Ltd
Up next we have Swiggy, the food delivery and quick service platform did not have a staggering book size like Hyundai or other companies this year. However, given its prominence as a new age tech company, that tapped into a brand new market, Swiggy’s debut at Dalal Street garnered a lot of attention. Swiggy had a book size of Rs 11,327.43 crore.
The company was listed on November 13. Ever since its listing, the company shares have seen an impressive 33.09 per cent or Rs 142.50 jump in its value, taking it to Rs 573.20 per share.
Ola Electric
Bhavish Aggarwal-led Ola Electric comes in next. The company, looking to revolutionise the EV two-wheeler market entered the IPO arena with a book built issues of Rs 6,145.56 crore. The company had a tumultuous year, after its listing on August.
It witnessed some major ups and downs. Ever since its listing, Ola Electric shares have seen 4.47 per cent or Rs 4.08 jump in its value. As the year comes to a close, the share price stood at Rs 95.28 per share.
Afcons Infrastructure
In next is a construction and infrastructure company, Afcons Infrastructure. The Shapoorji Pallonji group-owned company entered with issue size of Rs 5,430.00 crore.
The company was listed on November 4. Ever since its listing on November 4, the company shares have seen its value rise by 9.77 per cent or Rs 47.95. This has taken the overall of the company shares to Rs 538.80 per share.
Bajaj Housing Finance
In addition, we also have Bajaj Housing Finance Limited IPO from the conglomerate Bajaj Group. The company entered with and IPO size of Rs 6,560.00 crore.
The stock was listed on September 16. In these few months, the company has its overall decline by 23.01 per cent or Rs 37.68. This took the overall value of the company shares to Rs 126.05 per piece.
