2024 has been a year of IPOs. More than 300 IPOs – both SME and mainboard included – raised a whopping 1.8 lakh crore, an all-time high record. The last time Indian IPOs set a lifetime high by raising Rs 1.3 lakh crore in CY21. Here’s a of five mainboard IPOs that gave the highest and lowest gains on listing day. Read to know if you got the IPO allotment of any of these.

Vibhor Steel Tubes IPO

The company’s IPO saw a listing gain of more than 195%. The stock was listed at a price of Rs 446.25 on the exchanges compared to its issue price of Rs 151 but came off its highs to trade for Rs 211.3. The IPO got a total subscription of 320 times while the retailers booked the issue 201.52 times and employees 215.79. The NIIs commanded the subscription by booking 772.49 times.

BLS E-Services IPO

The IPO shares were listed at a premium of more than 170% on the exchanges to its issue price of Rs 135. The stock made its debut at a price of Rs 135. However, shares of BLS E-Services came down to Rs 199.7 afterwards.

Mamata Machinery IPO

The recently listed shares of Mamata Machinery are among the top five highest listing gains providers this calendar year. The IPO shares were listed at Rs 630, a premium of 159% to the issue price of Rs 243. The stock is trading for Rs 598.5, down 5% from its listing price. 

Bajaj Housing Finance IPO

India’s one of the biggest IPO shares was listed at Rs 165, a premium of 135.71% to the issue price of Rs 70. The company’s shares were trading at Rs 127.55, down 23% from the listing price. The green energy arm of NTPC raised a sum of Rs 6,560 crore.

KRN Heat Exhcnager IPO

The company’s shares gave a listing gain of 118%. The stocks of KRN Heat Exchanger were listed at a price of Rs 478.79 compared to its issue price of Rs 478.79. The shares of the company are trading for Rs 700.2 on the NSE. 

Top 5 IPOs listed at discount in 2024

Deepak Builders & Engineers in India IPO

Deepak Builders & Engineers in India was listed at a discount of more than 20%. It was listed at a price of Rs 161.95 against the issue price of Rs 203. However, the company’s stocks pared some losses and are trading at a level of Rs 190.25.

JG Chemicals IPO

The IPO of the company was listed at a discount of over 16% on the bourses, the IPO shares were listed at a price of Rs 184.8 a piece, compared to its issue price of Rs 221. However, changing the fait of its investors, the stocks are trading at a level of Rs 402.35, an upside of 82%. 

ACME Solar Holdings IPO

ACME Solar Holdings is the third IPO to make a lacklustre debut on the stock exchanges. The shares of the company were listed at a discount of 12.4% compared to its issue price of Rs 289. The stock closed its first day of trading at Rs 253.15. The stock has slid further to trade at Rs 232.05. 

Jana Small Finance Bank IPO

The small banking stock closed on the first day of trading at a discount of 11% on the exchanges, for Rs 368.15 compared to its issue price of Rs 414. The shares of Jana Small Finance Bank were trading at Rs 411.65, still below its issue price. 

EPACK Durables IPO

The IPO shares closed the first day’s trading at a discount of 10% to its price at Rs 207.6. The issue price was Rs 230. The company received a total of 16.79 times. The retail investors booked the issue 6.5 times. However, the patience paid off to investors as the stock was trading at Rs 524.5, a jump of 128% from the issue price.

Nevertheless, the year was supportive of IPOs. The next calendar year is also likely to see promising IPOs. “The year 2025 is likely to witness strong IPOs in the industrials, capital goods, and renewable energy sectors, as these are driving India’s growth story. Additionally, we might see promising IPOs from business solutions-based tech companies and pharma/biologics firms,” said Himani Shah, co-founder manager at Alchemy Capital Management.