Investors already made a killing in IPOs this year with returns of up to 180%. Check top 5 gainers
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Top Gainers
It's already been a good year for IPOs with robust listing gains. Out of the 15 companies that made their way to the bourses, only 4 companies opened in the negative while the rest brought cheer to investors. Here are the top 5 IPOs so far in 2024 that returned plenty on debut.
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Vibhor Steel
Vibhor Steel nearly tripled investors' wealth on the listing day with over 180% gain on debut. Despite some dip, the stock is still trading 107% over the IPO price.
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BLS E-Services
BLS E-Services listed with a massive gain of 175% on the exchanges and it will take some beating for other debutants to cross this feat this year. The stock is currently trading 155% over the IPO price.
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Exicom Tele Systems
Exicom Tele Systems made a decent debut on the exchanges with nearly 60% return on the first day. The stock is trading 50% above the issue price.
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Nova Agritech
The shares of Nova Agritech listed with a premium of 43% at the bourses. The stock further rallied post listing and is trading nearly 50% above the IPO price.
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Park Hotels
Park Hotels debuted with a premium of over 30% despite concerns around the pricing and the loss making status of the company. The stock is currently trading 35% over the issue price.