Year Ender 2024: Top 10 best performing IPOs gives multibagger returns with up to 276% gains

Top IPOs in India in 2024: The Indian stock market in 2024 has been a year to remember, marked by the remarkable performance of IPOs (Initial Public Offerings). From established industry giants to promising new ventures, the year showcased a diverse range of companies making their debut on the stock exchange.

This year, over 300 companies debuted on Dalal Street so far, a notable jump from the 238 IPO listings in 2023. Among the 75 mainboard IPOs, 48 have delivered exceptional returns to investors. Let¡¯s delve into some of the top-performing IPOs of 2024 that made waves in the market.

Let's take a closer look at the top stocks in 2024, focusing on the best-performing IPOs in 2024 that have delivered extraordinary returns to investors. Let¡¯s dive into some of the standout performers.

1. Jyoti CNC Automation Limited

Jyoti CNC Automation made its debut on January 16, following its IPO subscription from January 9 to January 11.

Performance Highlights:

- Issue price: Rs 331 per share

- Current price: Rs 1,245 per share on BSE as of Friday, November 29

- Overall gain: 276% (Approx)

The stock was initially listed with a premium of 12.4% on the BSE at Rs 372 per share. On the NSE, it opened at Rs 370 per share, marking an 11.78% gain. Currently, it trades at 234.39% higher than its listing price.

2. KRN Heat Exchanger and Refrigeration Limited

KRN Heat Exchanger¡¯s IPO was open from September 25 to 27, and the stock was listed on October 3.

Performance Highlights:

- Issue price: Rs 220 per share

- Current price: Rs 782 per share

- Overall gain: 255% (Approx)

It made an impressive debut with a listing price of Rs 470 per share on the BSE, offering a premium of 113.64%. On the NSE, it listed at Rs 480, achieving a 118.18% gain.

3. Premier Energies Limited

Premier Energies¡¯ IPO, open from August 27 to 29, saw the stock list on September 3.

Performance Highlights:

- Issue price: Rs 450 per share

- Current price: Rs 1,225.80 per share

- Overall gain: 172% (Approx)

It debuted at Rs 991 per share on the BSE, offering a 120.22% premium, and Rs 990 on the NSE, with a 120% gain. The stock now trades 23.69% higher than its listing price.

4. Platinum Industries Limited

Platinum Industries shares were listed on March 5, following the IPO subscription.

Performance Highlights:

- Issue price: Rs 171 per share

- Current price: Rs 428 per share

- Overall gain: 150% (Approx)

The stock opened at Rs 228 on the BSE, a 33% premium, and Rs 225 on the NSE, with a 31% gain. It has since risen by 88%.

5. Bharti Hexacom Limited

Bharti Hexacom, a subsidiary of Bharti Airtel, entered the market on April 12.

Performance Highlights:

- Issue price: Rs 570 per share

- Current price: Rs 1,376 per share

- Overall gain: 141% (Approx)

The stock opened at Rs 755.2 on the BSE, gaining 32.4%. On the NSE, it debuted at Rs 755, matching the BSE premium. Investors have seen an 82.25% return since its listing.

6. JG Chemicals Limited

JG Chemicals was listed on March 13, following its IPO from March 5 to 7.

Performance Highlights:

- Issue price: Rs 221 per share

- Current price: Rs 436.25 per share

- Overall gain: 97% (Approx)

Although the stock was initially listed at a discount (Rs 211 on the BSE and Rs 209 on the NSE), it has surged by 106% from its listing price.

7. Gala Precision Engineering Limited

Gala Precision Engineering¡¯s IPO opened from September 2 to 4, and the stock was listed on September 9.

Performance Highlights:

- Issue price: Rs 529 per share

- Current price: Rs 1,009 per share

- Overall gain: 90% (Approx)

The stock listed at Rs 750 on the BSE, offering a 41.8% premium, and Rs 721.1 on the NSE, a 36.3% gain. It is now 34% higher than its listing price.

8. Exicom Tele-Systems Limited

Exicom Tele-Systems debuted on March 5 after its IPO ran from February 27 to 29.

Performance Highlights:

- Issue price: Rs 142 per share

- Current price: Rs 277.45 per share

- Overall gain: 95% (Approx)

The stock opened at Rs 264 on the BSE with an 85.9% premium and Rs 265 on the NSE with an 86.61% gain. It currently trades 4.75% higher than its listing price.

9. Bajaj Housing Finance Limited

Bajaj Housing Finance was listed on September 16 after its IPO from September 9 to 11.

Performance Highlights:

- Issue price: Rs 70 per share

- Current price: Rs 135.90 per share

- Overall gain: 94% (Approx)

The stock debuted with a 114.29% premium at Rs 150 per share but is now trading 9.34% below its listing price.

10. Orient Technologies Limited

Orient Technologies went public on August 28 after its IPO closed on August 23.

Performance Highlights:

- Issue price: Rs 206 per share

- Current price: Rs 398.45 per share

- Overall gain: 93% (Approx)

It listed at Rs 288 on the NSE with a 39.8% premium and Rs 290 on the BSE with a 40.77% gain. It has gained 38.35% since listing.

(Please note: Current prices above listed are as of Friday, November 29)

The year 2024 has been a standout for IPOs, with many stocks delivering impressive returns. From Jyoti CNC Automation to Orient Technologies, these IPOs have shown the potential to generate wealth for investors. As we move into 2025, keeping an eye on such opportunities will be crucial for smart investing.

This list of top stocks in 2024, including the best-performing IPOs in 2024, serves as a testament to the growing interest in India¡¯s financial markets.

(Disclaimer: The information provided above is for general knowledge and educational purposes only. It does not constitute financial advice. Readers are encouraged to conduct their own research or consult a financial expert before making investment decisions. Past performance of IPOs does not guarantee future results. Investments in the stock market are subject to risks, including potential loss of capital.)