Top 10 IPOs of 2024: Check listing day closing, gains for Vibhor Steel Tubes, Bajaj Housing Finance & more

In 2024, the primary market saw several notable IPOs that delivered impressive listing day gains, showcasing the health and vibrancy of the capital market. The capital market, divided into the primary and secondary segments, plays a crucial role in raising funds for companies and offering liquidity to investors. When companies raise funds through Initial Public Offers (IPOs), they gain access to public capital, increase credibility and receive greater publicity. A thriving IPO market reflects a robust economy and an active stock market.

Here's a look at Top 10 IPOs from 2024 and their performance on listing day, measured by the percentage gain from the offer price:

1. Vibhor Steel Tubes Limited

• Offer Price: Rs 151
• Listing Day Closing: Rs 442
• Listing Day Gain: 192.72%

2. BLS E-Services Limited

• Offer Price: Rs 135
• Listing Day Closing: Rs 370.75
• Listing Day Gain: 174.63%

3. Bajaj Housing Finance Limited

• Offer Price: Rs 70
• Listing Day Closing: Rs 164.99
• Listing Day Gain: 134.70%

4. KRN Heat Exchanger and Refrigeration Limited

• Offer Price: Rs 220
• Listing Day Closing: Rs 478.45
• Listing Day Gain: 117.48%

5. Unicommerce eSolutions Limited

• Offer Price: Rs 108
• Listing Day Closing: Rs 210.05
• Listing Day Gain: 94.49%

6. Premier Energies Limited

• Offer Price: Rs 450
• Listing Day Closing: Rs 839.65
• Listing Day Gain: 86.59%

7. Le Travenues Technology Ltd

• Offer Price: Rs 93
• Listing Day Closing: Rs 161.99
• Listing Day Gain: 74.18%

8. JNK INDIA LIMITED

• Offer Price: Rs 415
• Listing Day Closing: Rs 693.95
• Listing Day Gain: 67.22%

9. PN Gadgil Jewellers Limited

• Offer Price: Rs 480
• Listing Day Closing: Rs 792.90
• Listing Day Gain: 65.17%

10. DEE Development Engineers Limited

• Offer Price: Rs 203
• Listing Day Closing: Rs 335
• Listing Day Gain: 65.02%

These IPOs reflect the potential gains available in the primary market, where investors can participate in the growth of emerging and established businesses while contributing to capital formation and market stability.