IPO YearEnder 2024: There was a lot of ups and downs in the domestic market this year. There is still one more trading day left and on that day i.e. 31st December, only one company Unimech Aerospace’s shares are left to be listed. In such a situation, if we leave this aside and talk about the listing of IPOs in the entire year 2024, then this year is the best year in the mainboard after 2021. This year, five companies on the mainboard doubled or more the money of IPO investors on the day of listing.
In the year 2021, five companies – GR Infraprojects, Indigo Paints, Tatva Chintan Pharma Chem, Latent View Analytics and Paras Defense & Space Tech had more than doubled the money of IPO investors and one company – Sigachi Industries had more than tripled while in 2022 Not a single company could achieve such a feat. Last year in 2023, a company Tata Tech had increased the money of IPO investors by more than two and a half times on the first day.
Now if we add SMEs to this, then this year before the imposition of SEBI limit, the money of IPO investors has increased more than five times on the very first day i.e. on the day of listing. Here are such stocks which have doubled or more the money of IPOA investors on the day of listing in this year 2024.
This year these companies doubled their money on the day of listing
Shares of Vibhor Steel Tubes, which manufactures steel pipes and tubes and supplies them in the country and abroad, were listed at Rs 151 each in the domestic market on February 20 at a premium of about 181 per cent. At the end of the day, it closed at the upper circuit of Rs 442, that is, at the end of the first trading day, IPO investors made 193 percent profit. Currently it is at Rs 215.05. Its record high is Rs 442, which it touched on February 20 and last month on November 21, 2024, it came down to Rs 203.25, which is the record low after listing.
Shares of BLS e-Services were listed at Rs 135 on February 6 at a premium of about 129 per cent and at the end of the first day, IPO investors made 175 per cent profit as it closed at the upper circuit of Rs 370.75. Currently it is at Rs 201.55. It reached a record high of Rs 423 on February 7 and fell to a record low of Rs 198.10 after listing on October 25, 2024.
The shares of Mamta Machinery, which manufactures plastic bag and pouch making machines, were listed at a price of Rs 243 on December 27, at a gain of about 147 per cent. At the end of the day, it closed at the upper circuit of Rs 629.95, that is, IPO investors made 159.24 percent profit on the first day. At present it is at Rs 598.50 on BSE but in intra-day today on 30th December it had reached a record high of Rs 649 but on the same day it also touched the record low of Rs 598.50 after listing.
Bajaj Housing Finance, the housing company of Bajaj Group, had received record bids from investors. On September 17, its shares of Rs 70 were listed at a premium of about 114 per cent and at the end of the day closed at the upper circuit of Rs 164.99 i.e. about 136 per cent premium. Currently it is at Rs 128.25. It reached a record high of Rs 188.45 the next day of listing and a post-listing record low of Rs 124.95 a few days ago on December 24, 2024.
KRN Heat Exchanger and Refrigeration
Even in the collapsing market due to Israel-Iran war, shares of KRN Heat Exchange and Refrigeration worth Rs 220 were listed on October 3 at a premium of 118 per cent. On the day of listing, the share had closed at a price of Rs 478.45 i.e. a profit of 117.48 percent. After listing, it fell to a record low of Rs 402.40 on October 7, from which it recovered and reached a record high of Rs 876 on December 6, about two weeks ago.
These SME stocks raised money more than double on listing
Currently, only a maximum listing gain of 90 percent is available on the listing of SME IPO because as per SEBI guidelines, this maximum limit has been fixed from July 2024. In such a situation, after listing at 90 percent premium, if you add an upper circuit of 5 percent, then the money can almost double on the day of listing. However, earlier when there was no such limit, it had increased investors’ money by more than five times on the first day. Here are the details of such SME stocks, which have doubled or more the investors’ money this year.
| stock | listing date | issue price | Closing price on the day of listing | first day trading profit |
| Winsol Engineers | 14 May 2024 | ₹75 | ₹383.25 | 411% |
| Kay Cee Energy & Infra | 5 January 2024 | ₹54 | ₹239.4 | 343.33% |
| Medicamen Organics | 28 June 2024 | ₹34 | ₹144.7 | 325.59% |
| GP Eco Solutions | 24 June 2024 | ₹94 | ₹393.75 | 318.88% |
| Maxposure | 23 January 2024 | ₹33 | ₹137.75 | 317.42% |
| Divine Power Energy | 2 July 2024 | ₹40 | ₹152.3 | 280.75% |
| Purv Flexipack | 5 March 2024 | ₹71 | ₹247 | 247.89% |
| Indian Emulsifier | 22 May 2024 | ₹132 | ₹451.5 | 242.05% |
| Esconet Tech | 23 February 2024 | ₹84 | ₹275.5 | 227.98% |
| Shivalik Power Control | 1 July 2024 | ₹100 | ₹326.55 | 226.55% |
| Konstelec Engineers | 30 January 2024 | ₹70 | ₹220.5 | 215% |
| Owais Metal and Mineral Processing | 4 March 2024 | ₹87 | ₹262.5 | 201.72% |
| Alpex Solar | 15 February 2024 | ₹115 | ₹345.45 | 200.39% |
| Fonebox Retail | 2 February 2024 | ₹70 | ₹210 | 200% |
| HOAC Foods India | 24 May 2024 | ₹48 | ₹139.65 | 190.94% |
| TAC Infosec | 5 April 2024 | ₹106 | ₹304.5 | 187.26% |
| Energy-Mission Machineries | 16 May 2024 | ₹138 | ₹384.25 | 178.44% |
| Australian Premium Solar | 18 January 2024 | ₹54 | ₹147 | 172.22% |
| Refractory Shapes | 14 May 2024 | ₹31 | ₹78.75 | 154.03% |
| Thai Casting | 23 February 2024 | ₹77 | ₹195.15 | 153.44% |
| Diensten Tech | 3 July 2024 | ₹100 | ₹252 | 152% |
| Veritaas Advertising | 21 May 2024 | ₹114 | ₹261.25 | 129.17% |
| Docmode Health Health Tech | 2 February 2024 | ₹79 | ₹180.75 | 128.8% |
| TBI Corn | 7 June 2024 | ₹94 | ₹207.9 | 121.17% |
| Rulka Electricals | 24 May 2024 | ₹235 | ₹498.75 | 112.23% |
| Signoria Creation | 19 March 2024 | ₹65 | ₹137.55 | 111.62% |
| Addictive Learning Technology | 30 January 2024 | ₹140 | ₹294.5 | 110.36% |
| Ganesh Green Bharat | 12 July 2024 | ₹190 | ₹398 | 109.47% |
| Brace Port Logistics | 26 August 2024 | ₹80 | ₹167.55 | 109.44% |
| Creative Graphics Solutions | 9 April 2024 | ₹85 | ₹176.25 | 107.35% |
Year Ender 2024: This year was unmatched in the world of sports, from chess to T20 World Cup, the whole world acknowledged India’s iron.
