Jyoti CNC Automation, Premier Energies, Exicom Tele-Systems among 6 IPOs that gave up tp 260% return to their investors
Multibagger IPOs of 2024: As the markets continued to trade strong, there has been strong fund raising by Indian companies through the public issue route.
As the primary market amid the record highs on the D-Street is seeing heightened fund raising through the public issue. Here's a quick take on public issues that have rewarded investors significantly in 2024.
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IPO bonanza in August
The persistent zest for IPOs and healthy subscription numbers highlights the increasing investor confidence in the Indian IPO market. As per our analysis, August witnessed IPO fundraising hitting a 27-month high, with 10 companies raising approximately Rs 17,047 crore—making it the busiest period for public offerings since May 2022, said Pantomath Capital Advisors.
Multibagger IPOs of 2024: Jyoti CNC Automatiom
The industrial products company made its market debut on January 16, 2024. As against the IPO price of Rs 331, the stock has scaled levels of Rs 1,192.3, implying exorbitant gains of 260 per cent.
Multibagger IPOs of 2024: Premier Energies
Into the electrical equipment space, the stock debuted on September 3 and with 74.4 times subscription trades at a premium of 148 per cent against the IPO price. The stock last traded at Rs 1,114 per share.
Multibagger IPOs of 2024: Exicom Tele-Systems
The heavy electrical equipment major entered the listed space on March 5 and as against the issue price of Rs 142 traded at Rs 351.3, implying gains of 147 per cent.
Multibagger IPOs of 2024: Platinum Industries
The speciality company entered the listed space on March 5 and now ever since its listing has given return of as much as 133 per cent. The stock as against its IPO issue price of Rs 171 last traded at Rs 397.9.
The issue garnered a total subscription of 99 times.
Multibagger IPOs of 2024: Bharti Hexacom
Bharti Hexacom shares which debuted on April 12 are trading significantly higher. In a span of just 5 months, the stock has galloped as much as 139 per cent against the issue price.
The IPO received a remarkable response with over 29 times subscription.
Unicommerce eSolutions
The software products company's shares listed on August 13 and since then are gaining ground. The stock has since its listing has gained 124 per cent,
The IPO huge subscription of over 168 times.