IPO 2024: This year 73% of IPOs earned money, got returns up to 187%, only 8 stocks in red mark

IPO Market Return in 2024 :The year 2024 is going well in terms of IPO market so far. Despite the election fervor and uncertainty this year, 30 new shares have been listed in the market in the first 5 months so far. Of the 30 new shares that have been listed, 22 i.e. about 73 percent have given positive returns (IPO Performance in 2024). There are only 8 IPOs which are trading weaker than the issue price. The highest return in IPO is 187 percent. On the other hand, the IPO which has caused the most loss has a decline of about 30 percent compared to the issue price.

8 IPOs gave more than 40% return

Out of the total 30 IPOs launched this year, 8 have given returns between 40% and 187%. While there are 14 other IPOs that have given positive returns and have strengthened by 20% from their issue price. The top performing IPO of this year is Jyoti CNC Automation, while the worst performance has been seen in Capital Small Finance Bank.

Jyoti CNC Automation Top Performer

Jyoti CNC Automation’s IPO is the first list of 2024 and is also the highest return giving IPO. So far, investors have got a return of 187 percent in this. The company’s stock is currently at Rs 951 as compared to its issue price of Rs 331.

These IPOs gave 40 to 90% returns

BLS E-Services: 89.44%
Exicom Telesystems: 80.39%
Bharti Hexacom: 74%
Vibhor Steel Tubes : 71.39%
JNK India : 55%
TBO Tech : 54%
Jana Small Finance Bank: 40%

Positive returns in these IPOs too

Juniper Hotels: 20.42%
Nova Agritech: 20.32%
Peanut Proteins : 19.50%
Medi Assist Healthcare Services: 17%
APJ Surrendra Park Hotels: 16.71%
Indegene : 14%
Platinum Industries: 13.86%
Go Digit General Insurance: 10.31%
Crystal Integrated Services: 8.85%
Aadhar Housing Finance : 6%
Office space solutions: 6%
Bharat Highway Infra: 5.27%
Amount Peripheral : 4.53%
JG Chemicals : 1.20%

These got negative returns

Capital Small Finance Bank: -29.79%
Popular Vehicles: -24.14%
GPT Healthcare: -20.67%
Gopal Snacks: -20.42%
Entero Healthcare Solutions: -18.51%
EPACK Durable : -18.20%
SRM Contractors : -16.19%
RK Swamy : -4.41%