Shining IPO Market in 2024: Investors Enjoyed Higher Listing Gain

India has emerged as a global leader in Initial Public Offerings (IPOs) in 2024, with a record-breaking 178 companies debuting on the stock market. This surge has propelled India to the top position in terms of mainboard-listed companies, surpassing other countries with over 5,450 listings.

Strong Listing Gains Continue

The trend of robust IPO performance, which peaked in 2020, has persisted. Mainboard IPOs in 2024 have generated average gains of approximately 30%, outperforming the broader market. The BSE IPO Index has consistently outpaced the BSE 500, underscoring the appeal of newly listed companies.

SME IPOs Shine

Small and Medium-sized Enterprise (SME) IPOs have witnessed exceptional listing gains, driven by strong domestic demand and investor confidence. Numerous SME IPOs have delivered returns exceeding 50%, with several achieving multi-bagger status.

Top-Performing IPOs of 2024

Here are the top 5 best-performing IPOs of 2024:

1. Jyoti CNC Automation Ltd (JCAL): This leading manufacturer of CNC machines has seen a remarkable 253% surge since its listing, driven by strong financial performance and the growing demand for precision manufacturing equipment.
2. Bharti Hexacom: As a wholly-owned subsidiary of Bharti Airtel, Bharti Hexacom benefits from a strong parent company and operates in high-growth regions with low teledensity.
3. Premier Energies: This solar cell and module manufacturer has experienced a significant rally due to its strong order book, government support, and focus on backward integration.
4. Bajaj Housing Finance: Backed by the reputable Bajaj Group, this housing finance company has witnessed a surge in its stock price, driven by its strong financial performance, brand recognition, and growth prospects.
5. Exicom Tele-Systems: This company specialising in power systems and EV charging solutions has delivered impressive returns, fueled by its robust financial performance and growth in the EV charging market.

Conclusion

While these IPOs have shown exceptional performance, it’s important to approach IPO investments with caution. Past performance does not guarantee future results. Investors should conduct thorough research and consider factors such as the company’s fundamentals, industry trends, and overall market conditions before making investment decisions.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.