Vibhor Steel Tubes was the highest – bid IPO (initial public offering) in year 2024 as the issue worth ?72.2 crore (approx) was subscribed 300 times. Manba Finace was second highest which was subscribed 224 times. KRN heat exchanger, Gala Precision, Unicommerce eSolutions Ltd are some ot the other most subscrbed IPOs in 2024.
The activity in India’s IPO market remained bustling in 2024 with the domestic firms. Primary market kept investors busy in 2024. The year 2024 saw some big issues that hits Dalal street with the likes of Swiggy Ltd, Hyundai Motor India Ltd. Tata Technologies, etc. Some of them were the smaller companies that enjoyed the success. Here are top 3 best performing IPOs of 2024.
Best Gainers of 2024
JYOTI CNC Automation : The Jyoti CNC Automation was the most successful IPO of 2024. The shares debuted on the exchange in January and have given return of 309% . Its noted down the day gain of 31%. The size of raised IPO was about ?1,000 crore . The company has a strong order book totaling ? 4,289 crore and the aerospace sector contributing 43% in this value. The company is now focusing on expansion of its footprints in the US market . They had the plans to establish technology centers within the next year.
KRN Heat Exchangers : The company had noted down the day gain of approx. 117.5% over the IPO price and given the return of 224% in 2024. The ?342 crore IPO was subscribed . The company plans to increase its production capacity by ix time in 2025 .
Premier Energies : The Premier Energies is on the 3rd place in the list . Its listing day gain was 86.6% over the IPO price which raised ?2,830 crore . The company is well- positioned. Company covers 3,860 MW of solar projects providing strong visibility for the company’s future performance.
