2024 has been a year of IPOs. More than 300 IPOs – both SME and mainboard included – raised a whopping 1.8 lakh crore, an all-time high record. The last time Indian IPOs set a lifetime high by raising Rs 1.3 lakh crore in CY21. Here’s a of five mainboard IPOs that gave the highest and lowest gains on listing day. Read to know if you got the IPO allotment of any of these.
Vibhor Steel Tubes IPO
The company’s IPO saw a listing gain of more than 195%. The stock was listed at a price of Rs 446.25 on the exchanges compared to its issue price of Rs 151 but came off its highs to trade for Rs 211.3. The IPO got a total subscription of 320 times while the retailers booked the issue 201.52 times and employees 215.79. The NIIs commanded the subscription by booking 772.49 times.
BLS E-Services IPO
The IPO shares were listed at a premium of more than 170% on the exchanges to its issue price of Rs 135. The stock made its debut at a price of Rs 135. However, shares of BLS E-Services came down to Rs 199.7 afterwards.
Mamata Machinery IPO
The recently listed shares of Mamata Machinery are among the top five highest listing gains providers this calendar year. The IPO shares were listed at Rs 630, a premium of 159% to the issue price of Rs 243. The stock is trading for Rs 598.5, down 5% from its listing price.
Bajaj Housing Finance IPO
India’s one of the biggest IPO shares was listed at Rs 165, a premium of 135.71% to the issue price of Rs 70. The company’s shares were trading at Rs 127.55, down 23% from the listing price. The green energy arm of NTPC raised a sum of Rs 6,560 crore.
KRN Heat Exhcnager IPO
The company’s shares gave a listing gain of 118%. The stocks of KRN Heat Exchanger were listed at a price of Rs 478.79 compared to its issue price of Rs 478.79. The shares of the company are trading for Rs 700.2 on the NSE.
Top 5 IPOs listed at discount in 2024
Deepak Builders & Engineers in India IPO
Deepak Builders & Engineers in India was listed at a discount of more than 20%.
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