In 2024, India’s IPO landscape witnessed remarkable activity, with several companies making significant market debuts. Here are the top 10 most successful IPOs of the year, highlighting their performance and current stock prices:
1. Vibhor Steel Tubes Limited: Specializing in steel pipe and tube manufacturing, Vibhor Steel Tubes launched its IPO with an issue price of ₹151. The stock listed at ₹425, marking a 181.46% gain. As of December 27, 2024, the stock trades at ₹214.13, reflecting a 41.81% increase from the issue price. 
2. Mamata Machinery Limited: A leading packaging machinery manufacturer, Mamata Machinery’s IPO was priced at ₹243. The shares debuted at ₹600, yielding a 146.91% listing gain. The current stock price is not available.
3. Premier Energies Limited: Operating in the renewable energy sector, Premier Energies offered its IPO at ₹450 per share. The stock listed at ₹990, achieving a 120% gain, and currently trades at ₹1,285.95, representing a 185.77% increase from the issue price.
4. KRN Heat Exchanger Limited: Specializing in heat exchanger manufacturing, KRN Heat Exchanger’s IPO was priced at ₹220. The shares listed at ₹480, a 118.18% gain, and have since risen to ₹704.20, indicating a 220.09% increase from the issue price.
5. One Mobikwik Systems Limited: A prominent digital payment service provider, Mobikwik’s IPO was priced at ₹279. The stock debuted at ₹627.80, marking a 125.02% gain. The current stock price is not available.
6. FirstCry (Brainbees Solutions Limited): As India’s largest baby products retailer, FirstCry’s IPO was priced at ₹465. The shares opened at ₹651, a 40% increase, and surged to ₹707.80, reflecting a 52% gain on the debut day. The current stock price is not available.
7. Hyundai Motor India Limited: Marking the largest IPO in India’s history at ₹27,870 crore, Hyundai Motor India’s shares were offered at ₹1,960. The stock listed at ₹1,934, a 1.33% decrease, and declined further by 6% on the debut day. The current stock price is not available.
8. Ola Electric Mobility: A leading electric vehicle manufacturer, Ola Electric’s IPO was priced at ₹1,000. The shares listed at ₹1,420, a 42% gain, and have maintained strong performance since. The current stock price is not available.
9. Unicommerce eSolutions Limited: An e-commerce supply chain solutions provider, Unicommerce’s IPO was oversubscribed by 168.35 times. The stock achieved a 94.49% listing day gain. The current stock price is not available.
10. Rajputana Biodiesel Limited: Engaged in biodiesel production, Rajputana Biodiesel’s IPO was priced at ₹138.31. The shares listed at ₹309.80, marking a 138.31% gain. The current stock price is not available.
These IPOs highlight the dynamic nature of India’s capital markets in 2024, offering diverse investment opportunities across various sectors. Investors are advised to conduct thorough research and consider market volatility when making investment decisions.
With inputs from agencies
Image Source: Multiple agencies
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