Success Mantra in IPO Market 2024: Investors have earned a lot from the IPO market in the year 2024. So far this year, there have been 10 IPOs in which the overall return of investors has been 100 to 308 percent. After all, what was the basic mantra of getting such high returns this year or a successful IPO? If we look at the trend, the answer would be that small cap IPOs did wonders this year. Among the 10 highest returning IPOs, 8 were IPOs of small cap companies, whose issue size was between Rs 150 crore and Rs 1000 crore.
In the year 2024, small size IPOs like Diffusion Engineers, Gala Precision, Platinum Industries, Jyoti CNC, One Mobikwik and Enviro Infra Engineers filled the pockets of investors. Whereas big size IPOs like Swiggy, Bajaj Housing, Hyundai Motor India, Vishal Mega Mart and Sai Life Sciences lagged behind.
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One Mobikwik Systems
Overall Return: 118.33%
Listing Day Return: 89.25%
IPO size: Rs 572 crore
Current Market Cap: Rs 4732.26 crore
The IPO of One MobiKwik System was listed on 18 December 2024. It closed at Rs 528 on the listing day as against the IPO price of Rs 279. Whereas currently the share is trading at Rs 609.
Enviro Infra Engineers
Overall Return: 119.32%
Listing Day Return: 39.91%
IPO size: Rs 650.43 crore
Current market cap: Rs 5697.70 crore
The IPO of Enviro Infra Engineering was listed on 9 November 2024. It closed at Rs 207 on the listing day as against the IPO price of Rs 148. Whereas currently the share is trading at Rs 325.
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Diffusion Engineers
Overall Return: 102%
Listing day return: 21%
IPO size: Rs 158 crore
Current market cap: Rs 1268.56 crore
Diffusion Engineering’s IPO was listed on 4 October 2024. It closed at Rs 203 on the listing day as against the IPO price of Rs 168. Whereas currently the share is trading at Rs 339.
KRN Heat Exchanger and Refrigeration
Overall return: 226%
Listing day return: 118%
IPO size: Rs 342 crore
Current Market Cap: Rs 4463.47 crore
The IPO of KRN Heat Exchanger was listed on 3 October 2024. It closed at Rs 478.79 on the listing day as against the IPO price of Rs 220. Whereas currently the share is trading at Rs 718.
Gala Precision Engineering
Overall return: 117%
Listing day return: 43%
IPO size: Rs 168 crore
Current Market Cap: Rs 1454.33 crore
The IPO of Gala Precision Engineering was listed on 9 September 2024. It closed at Rs 757 on the listing day as against the IPO price of Rs 529. Whereas currently the share is trading at Rs 1147.85.
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Interarch Building Products
Overall Return: 106%
Listing day return: 33%
IPO size: Rs 600 crore
Current market cap: Rs 3090.29 crore
The IPO of Interarch Building Products was listed on 26 August 2024. It closed at Rs 1196 on the listing day as against the IPO price of Rs 900. Whereas currently the share is trading at Rs 1857.
Platinum Industries
Overall Return: 154%
Listing Day Return: 29.36%
IPO size: Rs 235 crore
Current market cap: Rs 2386 crore
The IPO of Platinum Industries was listed on 5 March 2024. It closed at Rs 221 on the listing day as against the IPO price of Rs 171. Whereas currently the share is trading at Rs 434.
Jyoti CNC Automation
Overall return: 308%
Listing day return: 31%
IPO size: Rs 1000 crore
Current Market Cap: Rs 30694 crore
Jyoti CNC Automation’s IPO was listed on 16 January 2024. It closed at Rs 434 on the listing day as against the IPO price of Rs 331. Whereas currently the share is trading at Rs 1350.
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2 other IPOs also gave more than 100% returns
Apart from this, the overall return of two other IPOs in the year 2024 is more than 100 percent. However, their size was more during the IPO. These include Premium Energies and Bharti Hexacom. ,
Premier Energies
Overall return: 193%
Listing day return: 87%
IPO size: Rs 2830 crore
Current market cap: Rs 59,466 crore
Premium Energies IPO was listed on 3 September 2024. It closed at Rs 840 on the listing day as against the IPO price of Rs 450. Whereas currently the share is trading at Rs 1319.
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Recruitment Hexacom
Overall return: 162%
Listing day return: 43%
IPO size: Rs 4275 crore
Current market cap: Rs 74,690 crore
Bharti Hexacom’s IPO was listed on 2 April 2024. It closed at Rs 813 on the listing day as against the IPO price of Rs 570. Whereas currently the share is trading at Rs 1494.
