IPO: 5 blockbuster IPOs of the year 2024, got 100 to 270% return in a range of 6 months

Blockbuster IPO :The year 2024 is going to be a superhit in terms of IPO market. Out of the total 40 IPOs launched this year, 5 have proved to be blockbusters for investors. In these, investors have got 100 percent to 270 percent returns within 2 to 6 months. In 2024, stocks of a total of 40 companies have been listed on BSE and NSE, out of which 32 have performed positively, only 8 shares are below the IPO price. Know about those 5 newly listed stocks which have become multibagger stocks for investors.

1. Jyoti CNC Automation IPO

Returns : 270%

The first IPO of the year 2024, Jyoti CNC Automation, was open from 9 January 2024 to 11 January 2024. The Gujarat-based auto company had fixed the price band for this at Rs 315-331 per share. The stock was listed on January 16 and it closed at Rs 433 that day, i.e. the listing gain was 31 per cent. At the same time, the share price is Rs 1225, which is 270 per cent of the IPO price. In this sense, the stock has given a return of 270 per cent.

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2. Exicom Tele-Systems IPO

Returns: 225%

The IPO of Exicom Tele-Systems, a company manufacturing chargers for electronic vehicles, was open for subscription from 27 February 2024 to 29 February 2024. The company had fixed the price band for the IPO at Rs 135-142 per share. The size of the IPO was Rs 430 crore.

Exicom Tele-Systems’ IPO closed at Rs 226 on listing day on March 5, i.e., the listing gain was 59 percent. Now, the stock is at Rs 462, which is 225 percent higher than the IPO price. This IPO was subscribed 133.56 times overall.

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3. Bharti Hexacom IPO

Returns: 100%

Bharti Hexacom Hexacom’s IPO was open from 3 to 5 April 2024. The price band for this was fixed at Rs 542 to Rs 570 per share. This stock closed at Rs 814 on the listing day on April 12. That is, the listing gain was 43 percent. Currently the stock is at Rs 1141. This is double the IPO price. In this sense, this stock has given an overall return of 100 percent. Bharti Hexacom’s IPO was subscribed 29.88 times overall.

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4. TBO TEK IPO

Returns: 95%

The IPO of travel distribution platform TBO Tech was subscribed from May 8, 2024 to May 10, 2024. The size of the IPO was Rs 1551 crore. While the company had fixed the price band of Rs 875-920 per share. TBO TEK’s IPO was subscribed 86.69 times overall.

TBO Tech’s stock closed at Rs 1405 on May 15 with a listing gain of 53 per cent. At present, the share price is Rs 1798, which is 95 per cent higher than the IPO price.

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5. Mukka Proteins IPO

Return : 93%

Mukka Proteins’ IPO was subscribed from 29 February to 4 March. The size of the IPO was Rs 224 crore. While the company had fixed the price band for it at Rs 26 to 28 per share. The IPO was readily accepted by the investors and it received an overall subscription of 1376 times.

Mukka Proteins stock closed at Rs 42 on the day of listing on March 7 and gave a return of 51 percent on the day of listing. Currently the stock is at Rs 54, which means the overall return is 93 percent.