Top 10 IPOs of 2024 that gave listing gains of up to 320%. Check top performers
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Stellar Debuts
The strong bull market in CY24 enabled Indian firms to raise capital at higher valuations, with companies collectively raising a staggering Rs 3.5 lakh crore (USD 41bn) across 438 issuances. In CY24, IPOs raised Rs 1,62,800 crore (USD 19.5bn), boasting an impressive 31% weighted average listing premium, according to a report by domestic brokerage Nuvama. Here are the top 10 IPOs of 2024, which delivered listing premiums of up to 320%:
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Jyoti CNC Automation
With an issue size of Rs 1,000 crore, Jyoti CNC Automation was listed at a premium of 319%.
3/11
KRN Heat Exchanger & Refrigeration
With an issue size of Rs 300 crore, KRN Heat Exchanger & Refrigeration debuted at a premium of 278%.
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4/11
Premier Energies
Premier Energies, with an IPO size of Rs 2,800 crore, listed at a premium of 184%.
5/11
Platinum Industries
With an issue size of Rs 200 crore, Platinum Industries was listed at a premium of 156%.
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Bharti Hexacom
With an issue size of Rs 4,300 crore, Bharti Hexacom debuted at a premium of 144%.
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Awfis Space Solutions
Awfis Space Solutions, with an issue size of Rs 600 crore, was listed at a premium of 110%.
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Exicom Tele-Systems
Exicom Tele-Systems, with an IPO size of Rs 400 crore, debuted at a premium of 103%.
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Orient Technologies
Orient Technologies, with an issue size of Rs 200 crore, was listed at a premium of 103%.
10/11
J.G. Chemicals
With an issue size of Rs 300 crore, J.G. Chemicals was listed at a premium of 99%.
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Diffusion Engineers
Diffusion Engineers, with an issue size of Rs 200 crore, was listed at a premium of 99%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)