Newly listed stocks in 2024: Top 10 best performing mainboard IPOs give up to 275% return

Indian primary markets have witnessed a stellar year in 2024 so far. The year saw several mainboard issues garnering significant investor interest. Household names such as Swiggy, Hyundai Motor India, Bajaj Housing Finance, FirstCry and Ola Electric Mobility, among others, generated a lot of buzz.

The total number of companies that have made their D-Street debut so far in 2024 has surpassed 300, a stark increase compared to the 238 IPO listings seen in 2023.

As many as 48 out of the 75 mainboard IPOs have given stellar returns to investors. Here’s a look at the top-performing shares from the mainboard which have recently made their debut:

Jyoti CNC Automation Limited

The stock is currently trading 275.81% higher than its issue price of ₹331 per share.

Jyoti CNC Automation IPO was open for subscription from January 9 to January 11. The shares of the company made their D-street debut on January 16 on the NSE and BSE.

The stock listed on the BSE with a premium of 12.4% at ₹372 a share. The stock was listed at ₹370 apiece on the NSE with a listing gain of 11.78% compared to its issue price of ₹331 per share. Currently, the stock is trading 234.39% higher than its listing price.

KRN Heat Exchanger and Refrigeration Limited

The stock is currently trading 253.18% higher from its issue price of ₹220 per share.

KRN Heat Exchanger and Refrigeration IPO was open for subscription from September 25 to September 27. The shares of the company listed on the stock exchanges on October 3.

The stock was listed on the BSE with a premium of 113.64% at ₹470 apiece. The stock was listed at ₹480 apiece on the NSE with a listing gain of 118.18% compared to its issue price of ₹220 per share. Currently, the stock is trading 61.87% higher than its listing price.

Premier Energies Limited

The stock has rallied 175.86% higher from its issue price of ₹450 per share.

Premier Energies IPO was open from August 27-29. Shares of the company were listed on the NSE and BSE on September 3.

The stock listed on the BSE with a premium of 120.22% at ₹991 apiece and at ₹990 apiece on the NSE, at a premium of 120%, compared to its issue price of ₹450 per share.

Currently, the stock is trading 25.26% higher than its listing price.

Platinum Industries Limited

The stock is currently trading 152.63% higher from its issue price of ₹171 per share.

Platinum Industries shares have rallied 92% since listing on March 5.

The stock listed on the BSE with a premium of 33% at ₹228 apiece. The stock was listed at ₹225 apiece on the NSE with a listing gain of 31% compared to its issue price of ₹171 per share.

Bharti Hexacom Limited

The stock is currently trading 141.93% higher from its issue price of ₹570 per share.

Bharti Hexacom shares were listed on the stock exchanges on April 12 after the IPO subscription closed on April 5. The Bharti Airtel subsidiary has given 82.64% return so far since listing.

The stock listed on the BSE with a premium of 32.4% at ₹755.2 apiece. The stock was listed at ₹755 apiece on the NSE with a listing gain of 32.4% compared to its issue price of ₹570 per share.

JG Chemicals Limited

The stock is currently trading 96.69% higher from its issue price of ₹221 per share.

JG Chemicals IPO was open from March 5-7 and the stock was listed on the BSE and BSE on March 13.

Shares of the company were listed on the BSE at a discount of 4.5% at ₹211 apiece and at ₹209 apiece on the NSE, down 5.4% from the issue price of ₹221 per piece. Currently, the stock has gained 108% from the listing price.

Gala Precision Engineering Limited

The stock is currently trading 92.24% higher from its issue price of ₹529 per share.

Gala Precision Engineering IPO was open from September 2-4 and the stock was listed on the NSE and BSE on September 9.

The stock was listed on the BSE at a premium of 41.8% at ₹750 apiece and at ₹721.1 apiece, up 36.3%, on the NSE compared to its issue price of ₹529.

Currently, the stock is trading 41.03% higher than its listing price.

Exicom Tele-Systems Limited

The stock is currently trading 95.49% higher from its issue price of ₹142 per share.

Exicom Tele-Systems made its debut on the NSE and BSE on March 5. The IPO was open for bidding from February 27-29.

The stock was listed on the BSE with a premium of 85.9% at ₹264 apiece, while it opened on the NSE at ₹265 apiece, up 86.61%, compared to its issue price of ₹142 per share.

Currently, the stock is trading 4.75% higher than its listing price.

Bajaj Housing Finance Limited

The Bajaj Group company has given a 94.25% return to investors compared to its issue price of ₹70 per share.

Bajaj Housing Finance IPO was open from September 9-11 and the company made the market debut on September 16.

The stock was listed on the NSE and BSE with a premium of 114.29% at ₹150 apiece compared to its issue price of ₹70 per share. The stock is currently trading 9.34% below its listing price.

Orient Technologies Limited

The stock is currently trading 93.42% higher from its issue price of ₹206 per share.

Orient Technologies IPO closed on August 23 and the company made the market debut on August 28.

The stock listed on the NSE with a premium of 39.8% at ₹288 apiece compared to its issue price of ₹206 per share. The stock listed at ₹290 apiece on the BSE with a listing gain of 40.77%. Currently, the stock is trading 38.35% higher than its listing price.