The year 2024 is full of excitement for IPO bidders. 75 new shares were listed till 26 November 2024. Of these 75, 21 have given returns between 50 percent and 275 percent of the IPO price. Of these, 8 stocks have proven to be multibaggers, giving more than 100 percent returns to their investors.
These 8 IPOs gave strong returns
1. Jyoti CNC Automation
The IPO of Jyoti CNC Automation was listed in the stock market on 16 January 2024. The IPO price was Rs 331, while the stock closed at Rs 433 on the day of listing. On the day of listing, the stock returned 30.86 per cent more than the IPO price. This share is currently trading around Rs 1240, which means it has gained 274 percent from its IPO price.
2. KRN Heat Exchanger and Refrigeration
The IPO of KRN Heat Exchanger and Refrigeration was listed on the stock market on 3 October 2024. The IPO price was Rs 220, while the stock closed at Rs 478.45 on the day of listing. On the day of listing, the stock returned 117.48 per cent more than the IPO price. The stock is currently trading around Rs 775, which means it has gained more than 250 percent from its IPO price.
3. Platinum Industry
The IPO of Platinum Industries was listed in the stock market on 5 March 2024. The IPO price was Rs 171, while the stock closed at Rs 220.90 on the day of listing. On the day of listing, the stock gave a return of 29.18 percent over the IPO price. The stock is currently trading around Rs 430, which means it has gained 152 percent from its IPO price.
4. Bharti Hexacom
The IPO of Bharti Hexacom was listed in the stock market on 12 April 2024. The IPO price was Rs 570, while the stock closed at Rs 813.75 on the day of listing. On the day of listing, the stock gave a return of 42.76 percent over the IPO price. The stock is currently trading around Rs 1375, which means it has gained about 140 percent from its IPO price.
5. Premier Energy
The IPO of Premier Energy Limited was listed on the stock exchange on 3 September 2024. The IPO price was Rs 450, while the stock closed at Rs 839.65 on the day of listing. On the day of listing, the stock returned 86.59 percent over the IPO price. This share is currently trading around Rs 1,240, which means it has gained 175 percent from its IPO price.
6. Orient Technologies
The IPO of Orient Technologies was listed in the stock market on 28 August 2024. The IPO price was Rs 206, while the stock closed at Rs 304.45 on the day of listing. On the day of listing, the stock gave a return of 47.79 percent over the IPO price. The stock is currently trading around Rs 400, which means it has gained almost 100 percent from its IPO price.
7. Gala Precision Engineering
The IPO of Gala Precision Engineering was listed on the stock exchange on September 9, 2024. The IPO price was Rs 529, while the stock closed at Rs 787.05 on the day of listing. On the day of listing, the stock returned 48.78 percent over the IPO price. The stock is currently trading around Rs 1,020, which means it has gained almost 100 per cent from its IPO price.
8. JG Chemicals
The IPO of JG Chemicals Limited was listed in the stock market on 13 March 2024. The IPO price was Rs 221, while the stock closed at Rs 185 on the day of listing. On the day of listing, the stock returned negative 16 percent relative to the IPO price. This share is currently trading around Rs 435, which means it has become about 103 percent stronger than its IPO price.
