Top 11 multibagger IPOs of 2024 that gave investors' up to 4 times return
The SME segment was particularly active, with 237 IPOs raising Rs 9,151 crore almost double the Rs 4,967 crore raised by 182 SME IPOs in 2023.
2024 has been a remarkable year for India’s IPO market, reflecting the growing strength of its capital markets. From January 1 to December 18 2024, a record-breaking 319 IPOs were launched across both the mainboard and SME segments, significantly surpassing the 243 IPOs in 2023. Together, these IPOs raised Rs 1.6 lakh crore, a sharp increase from Rs 58,827 crore last year.
On the mainboard, a total of 75 IPOs collectively raised over Rs 1.5 lakh crore, setting new benchmarks.
Top 11 multibagger IPOs of 2024: Jyoti CNC Automation
Top 11 multibagger IPOs of 2024: With an IPO size of Rs 1,000 crore, this industrial machinery company entered the listed space on January 16. The scrip as against the issue price of Rs 331 last settled at Rs 1,412.65, implying healthy gains of 326.8 per cent.
Top 11 multibagger IPOs of 2024: KRN Heat Exchanger and Refrigeration
Top 11 multibagger IPOs of 2024: Since its listing on October 3, the electrical components company stock has zoomed to Rs 759.5. This is a steep gains of over 245 per cent from the IPO issue price of Rs 220.