Top 5 performing IPOs of CY24 which gave up to 300 per cent returns
IPO market is emerging strong similar to the bulls which are roaring on the D-Street. So, as the BSE SME IPO index has climbed over 100 per cent YTD, some of the IPO stocks have generated stupendous wealth for their investors.
Similar to the secondary market book, the IPO market is also hitting a new record. So far in the current calendar year. 37 companies across sectors have tapped the primary market to raise around Rs 32,000 crore. Further, with the continuation of policies after the elections, there are expectations that fundamentally strong companies will hit the Street and attract large amounts of capital.
So, here are the IPOs of 2024 that increased investors wealth by over 300 per cent. (Source: Trendlyne data)
Jyoti CNC Automation
The company from the industrial products sector made its stock market debut on January 16. The stock as against its IPO issue price of Rs 331 is trading at Rs 1352.9, implying gains of 309 per cent.
TBO Tek
Since listing on May 15, the travel and allied services firm stock has gained 103 per cent. The stock as against the IPO issue price of Rs 920 listed at a premium of 53 per cent.
JNK India
Again from the industrial products space, this company started trading on the country's exchanges on April 30. The stock as against the IPO issue price of Rs 415, last traded at a price of Rs 860.4, implying over 107 per cent gains
Exicom Tele-Systems
The heavy electrical equipment company made its stock market debut on March 5. And as against the IPO price of Rs 142, the stock last traded at Rs 430.6, implying gains of 203 per cent.
Bharti Hexacom
The telecom company since listing on April 12 this year has zoomed in price by as much as 104 per cent. The stock last traded at a price of Rs 1160.8 per share as against the IPO price of Rs 570.