India has emerged as a global leader in Initial Public Offerings (IPOs) in 2024, with a record-breaking 178 companies debuting on the stock market. This surge has propelled India to the top position in terms of mainboard-listed companies, surpassing other countries with over 5,450 listings.
The trend of robust IPO performance, which peaked in 2020, has persisted. Mainboard IPOs in 2024 have generated average gains of approximately 30%, outperforming the broader market. The BSE IPO Index has consistently outpaced the BSE 500, underscoring the appeal of newly listed companies.
Small and Medium-sized Enterprise (SME) IPOs have witnessed exceptional listing gains, driven by strong domestic demand and investor confidence. Numerous SME IPOs have delivered returns exceeding 50%, with several achieving multi-bagger status.
Here are the top 5 best-performing IPOs of 2024:
While these IPOs have shown exceptional performance, it’s important to approach IPO investments with caution. Past performance does not guarantee future results. Investors should conduct thorough research and consider factors such as the company’s fundamentals, industry trends, and overall market conditions before making investment decisions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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