In 2024, several Indian companies launched successful initial public offering (IPO), delivering substantial returns to investors. Here are some of the top-performing IPOs of the year:
1 ) Jyoti CNC Automation Limited
Jyoti CNC Automation Limited is listed on 16 Jan 2024. Issue price of the IPO was 331 and current market price of the company is 1162. Company is one of the world’s leading manufacturers of CNC machines. It’s the second largest CNC machine manufacturer in India and has a significant market market share globally. Jyoti CNC Automation Limited has a total manufacturing capacity of around 4,521 CNC machines. It can produce 4,400 machines annually in India and 121 machines annually in Strasbourg.
| Issue Price | 331 |
| Current Price | 1162 |
| Gain | 251% |
2 )KNR Heat Exchanger and Refrigeration Limited
KNR Heat Exchanger and Refrigeration Limited listed on 3 Oct 2024. Issue price of the IPO was 220 and current market price of the company is 710. Company is one of the leading manufacturer and exporter specializing in aluminum / copper fins and copper tubes heat exchangers, water, coils, condenser and evaporator coils.
| Issue Price | 220 |
| Current Price | 710 |
| Gain | 223% |
3 ) Orient Technologies Limited
Orient Technologies Limited is Listed on 28 Aug 2024. Issue price of the IPO was 206 and current market price of the company is 564. Company was incorporated in July 1997 and is headquartered in Mumbai, Maharashtra. They work with leading partners like Dell, Fortinet and Nutanix to design and innovate products. Their customers include banking institutions, pharma companies, manufacturers, and small and medium sized enterprises.
| Issue Price | 206 |
| Current Price | 564 |
| Gain | 173% |
4) Bharti Hexacom Limited
Bharti Hexacom Limited is listed on 12 April 2024. Issue price of the IPO was 570 and current market price of the company is 1402. Bharti Hexacom Limited is a communications solution provider offering consumer mobile services, fixed-line telephone and broadband service to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.
| Issue Price | 570 |
| Current Price | 1402 |
| Gain | 146% |
Disclaimer
All the information provided here is sourced from the official website of the respective companies and the National Stock Exchange (NSE). The data is based on the information available a of 13 January 2024.