Best and Worst IPO of 2024: Among others, Swiggy Ltd., NTPC Green Energy Ltd., and Hyundai Motor India Ltd. this year opened BIG issues debut on both exchanges NSE and BSE with record Rs 1.64 lakh crore through 90 maiden initial public offerings.
In the meantime, the smaller companies were most successful whereas large-cap companies were listed negatively from their issue price.
Popular IPO Subscriptions
Vibhor Steel Tubes Ltd. was subscribed around 300 times to issue a value of Rs 72.2 crore, the highest bid IPO in 2024. Whereas Manba Financial Ltd. issued a value of Rs 151 crore, its IPO was subscribed 224 times.
Some of the other most subscribed IPOs are Gala Precision Engineering Ltd., KRN Heat Exchanger Ltd., and Unicommerce eSolutions Ltd. in 2024.
Also Read: Swiggy Share Price Target
Best and Worst IPO of 2024:Reports
Top Return Gainer
- Jyoti CNC Automation ( Return 309%): Jyoti CNC Automation is one of the most dominating stocks in 2024. The company’s share was listed on the exchanges on January 24 and delivered returns of 309 percent to shareholders.
The company has focused on expanding its presence in the country like the US market, with plans to set up technology centers. The aerospace segment contributes 43 percent of a total order book, the company’s order book worth Rs 4,289 crore.
- KRN Heat Exchangers (Return 224%): KRN Heat Exchangers listed with a gain of 117 percent and till now return of 224 percent to shareholders. The company has plans to expand its production capacity to 6x and is expected to reach full capacity in the next three years.
- Premier Energies (Return 86%): Premier Energies was listed at a premium of 86.6 percent and since listing, the share of Premier Energies surged 192 percent.
The company sees a huge opportunity to capitalise with segments for growth. With a strong order book, provides a strong presence for the future outlook.
Top Loser Stocks
- Popular Vehicles and Services ( Down 44%) :
- Capital Small Finance Bank ( Down 42%)
- Western Carriers (Down 35%)