The year 2024 proved to be a milestone for the Indian IPO market. Over 300 IPOs this year – including both SME and mainboard – raised a total of Rs 1.8 lakh crore. This figure is the biggest record so far in the history of the Indian IPO market. Earlier, the IPO market had raised Rs 1.3 lakh crore in 2021. This year’s IPO provided great opportunities for investors to make profits with excellent listing gains.
IPOs giving highest listing gain
1. Vibhor Steel Tubes IPO
- Listing Premium: 195%
- Issue price: Rs 151
- Listing Price: Rs 446.25
- Current Trading Price: Rs 211.3
- Subscription: 320 times
This IPO gave tremendous returns to the investors. However, after the listing, the stock started trading lower from its high level.
2. BLS e-Services IPO
- Listing Premium: 170%
- Issue price: Rs 135
- Listing Price: Rs 365
- Current Trading Price: Rs 199.7
3. Mamta Machinery IPO
- Listing Premium: 159%
- Issue price: Rs 243
- Listing Price: Rs 630
- Current Trading Price: Rs 598.5
4. Bajaj Housing Finance IPO
- Issue price: Rs 70
- Listing Price: Rs 165
- Current Trading Price: Rs 127.55
Bajaj Housing Finance made a big entry but saw a decline after listing.
5. KRN Heat Exchanger IPO
- Listing Premium: 118%
- Issue price: Rs 478.79
- Current Trading Price: Rs 700.2
IPOs listed below the issue price
1. Deepak Builders and Engineers IPO
- Issue price: Rs 203
- Listing Price: Rs 161.95
- Current Trading Price: Rs 190.25
2. JG Chemicals IPO
- Issue price: Rs 221
- Listing Premium: -16%
- Current Trading Price: Rs 402.35
3. ACME Solar Holdings IPO
- Issue price: Rs 289
- Listing Premium: -12.4%
- Current Trading Price: Rs 232.05
4. Jana Small Finance Bank IPO
- Issue price: Rs 414
- Listing Price: Rs 368.15
- Current Trading Price: Rs 411.65
5. Epack Durables IPO
- Issue price: Rs 230
- Listing Price: Rs 207.6
- Current trading price: Rs 524.5 (128% more than issue price)
IPO market performance
In the year 2024, the IPO market not only broke records but also gave good returns and great opportunities to investors. However, some IPOs appeared to underperform upon their listing, but later showed improvement and achieved good growth.
The IPO market of 2024 was very special for investors and the same pace is expected to be maintained in 2025 also.
