2024 has kept investors and primary market busy throughout the year. Vibhor Steel Tubes was the highest – bid IPO (initial public offering) in year 2024 as the issue worth Rs 72.2 crore approx was subscribed 300 times.
The activity in India’s IPO market remained bustling in 2024 with the domestic firms. The year 2024 saw some big issues that hits Dalal street with the likes of Swiggy Ltd., Hyundai Motor India Ltd., etc. Some of them were the smaller companies that enjoyed the success. Here we bring you the list of IPOs that performed worst in 2024.
Worst IPOs of 2024
The share price of Popular Vehicles and Services has declined about 44.6% . The company hit Dalal Street in March 2024 The share listed down at a discount of 6.4% . The company maintains its long – term growth guidance of 15-20 % , despite more muted growth expectations for the current fiscal year. Popular vehicles now exploring inorganic growth opportunities to expand in domestic as well as global market.
Capital Small Finance BANK listed down at a discount of 7.2% in February 2024and has since fallen 42% by the end od 2024. The ?523 crore IPO was subscribed foue times . The management is optimistic about achieving a loan book growth of over 22% during 2025 fiscal year . The bank is also confident in maintaining its credit costs within the range of 0.15 to 0.25%.
Western Carries shares’ have fallen 35% since it got listed in September 2025 . It listed down a 7.3% discount over IPO issue price. The company generates 80% of its revenues from long term consumers. It is now focusing on expanding its network and acquiring new customers to optimize further growth with expectation of reaching full potential. But it was proven one of the worst performing IPO in 20024.
