Top 10 IPOs of 2024: Companies with Highest Listing Day Gains

Top 10 IPOs of 2024: Indian companies have raised a record ₹1.6 lakh crore from their Initial Public Offerings (IPOs) in 2024 so far.

While these include the likes of Hyundai Motor India’s ₹27,870 crore IPO, India’s biggest ever, one would wonder which were the IPOs that made the most on listing day in an IPO market with a mix of small, medium, and large IPOs.

Here are the top 10 IPOs of 2024 in order of the most gains made on listing day.

1. Vibhor Steel Tubes Ltd

Vibhor Steel Tubes debuted with a 195.53% listing gain. It was offered at ₹151 but ended up closing at ₹446.25.

It raised ₹72.17 crore, getting oversubscribed 320.05 times.

2. BLS E-Services Ltd

BLS E-Services rose 171.11% on the day, and closed at ₹366, against the offer price of ₹135.

Oversubscribed 162.38 times, raised 310.91 crore.

3. Bajaj Housing Finance Ltd

Bajaj Housing Finance listed with 135.71% gains. Closed at ₹165, against issue price of ₹70.

It received a total collection of ₹4.42 lakh crore on the day it listed on September 16, 2024.

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4. KRN Heat Exchanger and Refrigeration Ltd

KRN Heat Exchanger and Refrigeration listed with 117.63% gains. Closed at ₹478.79, against offer price of ₹220.

Issue size ₹341.95 crore, oversubscribed 213.41 times.

5. Unicommerce eSolutions Ltd

Unicommerce eSolutions listed with 94.52% gains from the issue price of ₹108. Closed at ₹210, oversubscribed 168.35 times.

6. One Mobikwik Systems Ltd

Mobikwik surged by 90% on debut from the issue price of ₹279, with the total IPO being worth ₹572 crore.

7. Premier Energies Ltd

Premier Energies listed with 86.6% gains, closed at ₹839.90 against issue price of ₹450.

Total subscription ₹2.12 lakh crore, oversubscribed 75 times.

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8. Le Travenues Technology Ltd

Le Travenues Technology closed at ₹165.72, up 78.19% from the issue price of ₹93.

Total IPO ₹740 crore, oversubscribed 98.10 times.

9. JNK India Ltd

JNK India listed with 67.36% gains. Closed at ₹694.47 against issue price of ₹415.

Issue oversubscribed 28.46 times, size ₹649.47 crore.

10. P N Gadgil Jewellers Ltd

P N Gadgil Jewellers listed with 65.27% gains. Closed at ₹793.30 against issue price of ₹480.

Issue oversubscribed 59.41 times, raised ₹1,100 crore.

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