The IPO (Initial Public Offering) market in India has seen an exciting surge in 2024, with investors enjoying substantial returns. Over 90 companies have raised more than ₹1.5 lakh crore through IPOs this year, making it one of the most lucrative periods for Indian investors. What stands out is that more than 60% of mainboard IPOs have proven to be a goldmine, offering exceptional profits to early investors.
The Top IPOs of 2024: Major Companies and Huge Profits
This year’s IPO market has witnessed some major players making waves, with many offering impressive returns. Here are a few highlights of the most successful IPOs:
Hyundai Motor India IPO
Hyundai’s ₹27,870 crore IPO took the Indian market by storm, making it one of the largest in Indian history. Although it debuted with a small 1.32% discount, the stock quickly gained momentum, reflecting investor confidence in Hyundai’s position in India’s booming automotive sector.
Swiggy IPO
Swiggy, the leading food delivery platform, raised ₹11,327 crore through its IPO. The company’s shares debuted with a 7.69% premium and have since surged by 26%, showing the market’s trust in Swiggy’s continued growth in the competitive food-tech industry.
NTPC Green Energy IPO
NTPC Green Energy’s ₹10,000 crore IPO turned out to be another big hit. The stock rose by 10% after listing, and the company’s market cap quickly crossed ₹1 trillion. This success reflects strong investor interest in green energy and renewable power, positioning NTPC as a leader in India’s clean energy future.
Smaller IPOs: Big Returns from the Underdogs
While the larger IPOs have made headlines, many smaller IPOs have also outperformed expectations. Here are a few that stood out in 2024:
Jyoti CNC Automation
Jyoti CNC Automation delivered one of the highest returns of the year—an incredible 315%. From an issue price of ₹331, the stock now trades at ₹1,368.65, showing that smaller companies can also yield significant profits.
KRN Heat Exchanger and Refrigeration
This lesser-known IPO exceeded expectations with a 232.73% return. Initially priced at ₹220, the stock now trades at ₹732, highlighting the potential for growth in specialized sectors like this one.
Premier Energies Limited
Premier Energies has also been a big winner, offering a 191.07% return. The stock rose from ₹450 to ₹1,309.80, showcasing the power of renewable energy stocks in India’s market.
Why 2024 is a Landmark Year for IPOs in India
2024 has proven to be an extraordinary year for IPOs, with over 60% of mainboard IPOs delivering outstanding returns. This success can be attributed to several factors, including India’s strong economic growth, increasing consumer demand, and a surge in sectors like technology, renewable energy, and manufacturing.
As more IPOs are expected in the coming months, investors have plenty of opportunities to explore emerging companies and high-growth sectors. The IPO market in India is flourishing, and 2024 could prove to be one of the most profitable years for investors seeking to capitalize on India’s dynamic economy.
Conclusion: A Bright Future for IPOs in 2024
The success of over 60% of mainboard IPOs in 2024 highlights a thriving and rewarding market. Whether you’re investing in established giants like Hyundai and Swiggy or looking at smaller, high-potential companies, India’s IPO market offers significant opportunities for growth.
Stay updated with the latest IPO trends and insights on MarketDarpan.com to make informed investment decisions and maximize your returns.
