In FY 2023-24, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, marking a 19% increase from the Rs 52,116 crore raised by 37 IPOs in 2022-23. The IPO pipeline remains robust with 19 companies with SEBI approval planning to raise nearly Rs 25,000 crore, and another 37 companies seeking SEBI approval to raise about Rs 45,000 crore.
Indian Renewable Energy Development Agency (IREDA)| CMP Rs 149.75 | IREDA emerged as the top IPO performer in FY24. Listed in November 2023 at an issue price of Rs 32 per share, IREDA skyrocketed 88% on its listing day. From its issue price till date, the stock surged by 345%. The IPO got subscribed 38.8 times.
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Signature Global India| CMP Rs 1,346 | The company had hit the equity market in September 2023 and IPO price was set at Rs 385 per share. Despite a modest 19% increase on listing day, it has soared by over 244% from its issue price till date. The IPO got subscribed nearly 12.5 times.
Netweb Technologies India | CMP Rs 1,660| The stock surged nearly 236% since its July 2023 listing. IPO price was set at Rs 500 per share, gaining 82% on listing day, with the issue oversubscribed 90 times.
Motisons Jewellers| CMP Rs 171| The stock listed in December 2023 and issue price was set at Rs 55 per share, surged 84% on listing day, with the issue oversubscribed 173 times. From its issue price till date, it has risen by 206%.
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Cyient DLM | CMP Rs 704| The stock listed in July 2023, rising nearly 59% on listing day, with the issue subscribed 72 times. From its issue price it jumped 166% till date.
Azad Engineering | CMP Rs 1,348 | The stock listed in December 2023 and IPO price was set at Rs 534 per share, and the issue got subscribed 83 times. With a 30% surge on listing day, the stock rose 158% from its issue price.
Senco Gold | CMP Rs 809| The stock got listed in July 2023 and IPO price was set at Rs 317 per share, and the issue got subscribed 77.2 times. From its issue price till date, the stock surged nearly 148%. The stock was up 28% on listing day.
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Jyoti CNC Automation | CMP Rs 783 | The stock listed in January 2024 and IPO price was at Rs 331 per share, with the issue oversubscribed 40.49 times. The stock surged 31% on listing day. From its issue price it gained nearly 140% till date.
BLS E Services| CMP Rs 323 | The stock got listed in February 2024 and its IPO price was set at Rs 135 per share, with the IPO subscribed 162 times. The stock surged 174% on listing day. From issue price till date, the stock has since jumped over 137%.
Mankind Pharma | CMP Rs 2 359 | The stock jumped 32% on listing day. The stock was listed in May 2023 with an issue price at Rs 1,080 per share. The issue was subscribed 15.3 times. From its issue price till date, the stock surged 114%.
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