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.
IANS
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.
Reuters
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.
ETMarkets.com
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.
Also Read: Gathiya maker Gopal Snacks’ IPO opens for subscription. Should you bid?
Agencies
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.
Agencies
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.
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