IPO Market 2024 : The year 2024 is proving to be the year of IPOs. This year there are many such IPOs, which have proved to be no less than a lottery for investors. This can be gauged from the fact that among the new stocks that have been listed this year, there are 7 such, which are trading at double or triple the price (Multibagger Stocks) of their IPO price. These have given 100 percent to 262 percent returns. At the same time, there are 19 stocks, which have given returns between 50 percent to 95 percent. Only select stocks are trading in the negative zone. By the way, if you show some wisdom and follow the tips, then you too can earn better profits in the IPO party. These stocks proved to be multibaggers…
Bajaj Housing Finance
Return : 159%
The stock of Bajaj Housing Finance was listed on the stock market on 16 September 2024. It closed at Rs 165 on the listing day as against the IPO price of Rs 70. Currently it is above Rs 181. That is, it has gained 159% from the IPO price.
Premier Energies
Return : 147%
The stock of Premium Energies was listed on the stock market on 3 September 2024. It closed at Rs 839.65 on the listing day against the IPO price of Rs 450. At present, it is trading around Rs 1112.85. In this sense, it has strengthened by 147% from the IPO price.
Unicommerce eSolutions
Return : 113%
The stock of Unicommerce eSolution was listed on the stock market on 13 August 2024. It closed at Rs 210 on the listing day against the IPO price of Rs 108. At present, the stock is trading at Rs 230.50. In this way, it has given a return of 113 percent compared to the IPO price.
Bharti Hexacom Limited
Returns : 140%
Bharti Hexacom’s stock was listed on the stock market on 12 April 2024. It closed at Rs 814 on the listing day against the IPO price of Rs 570. At present, the stock is trading at Rs 1371. In this way, it has given 140 percent return as compared to the IPO price.
Platinum Industries
Return : 123%
The stock of Platinum Industries was listed on the stock market on March 5, 2024. It closed at Rs 221 on the listing day against the IPO price of Rs 171. At present, the stock is trading at Rs 382. In this way, it has given a return of 123 percent compared to the IPO price.
Tele Systems Limited
Return : 136%
The stock of Tele-Systems was listed on the stock market on 5 March 2024. It closed at Rs 226 on the listing day against the IPO price of Rs 142. At present, the stock is trading at Rs 335. In this way, it has given a return of 136 percent compared to the IPO price.
Jyoti CNC Automation
Return : 262%
The stock of Jyoti CNC Automation was listed on the stock market on 16 January 2024. It closed at Rs 433 on the listing day against the IPO price of Rs 331. At present, the stock is trading at Rs 1999. In this way, it has given a return of 262 percent compared to the IPO price.
These IPOs also give 50% to 95% returns
PN Gadgil Jewellers : 65%
ECOS (India) Mobility & Hospitality : 77%
Orient Technologies : 51%
Ola Electric Mobility : 55%
Sanstar Limited : 55%
Bansal Wire Industries : 67%
DEE Development Engineers: 58%
Technology Travel : 64%
Awfis Space Solutions : 89%
TBO Tech : 93%
Indegene Limited : 50.75%
JNK India : 65.33%
Mukka Proteins : 58%
Vibhor Steel Tubes : 69%
BLS E-Services : 85%
Nova AgriTech : 72%
EPACK Durable : 63%
Medi Assist Healthcare Services : 62%
JG Chemicals : 95%
How to get allotment in IPO
Avoid large bidding. Where IPOs are oversubscribed, submitting a large application may not necessarily get you an allotment. For oversubscribed IPOs, it is a prudent practice to opt for minimum bids in multiple accounts.
Subscribe to IPO on time. Do not wait till the last day for this. Applying late can lead to potential problems.
Include shares of the parent company in the portfolio. This strategy works when the parent company of the company bringing the IPO is already listed on the stock exchange and reserves a portion for its shareholders.