KRN Heat Exchanger to Gala Precision Engineering: 5 recent listed stocks trading above issue price; check key details

Stock markets are trading in the negative this year with the benchmark NIFTY50 slipping below 23,000 and BSE SENSEX hovering around 76,000. FPI selling, weak financial results in the third quarter of the current fiscal and global uncertainties over the Trump tariff issue have induced a major correction in the stock markets.

In 2024, Indian stock markets gave returns of around 10% despite heavy selling towards the end of the year.

Losses in the secondary market also have also impacted the primary markets. After a record fundraise through initial public offerings (IPOs) in 2024, issuers are a little tense in 2025 due to the ongoing corrective phase.

However, several IPOs listed in 2024 and 2025 so far have beaten the pensive mood of the markets giving positive returns to the investors. A few newly listed mainboard IPO shares have rallied as much as 260% over the issue price so far.

Top performing newly listed stocks

KRN Heat Exchanger and Refrigeration

Shares of KRN Heat Exchanger settled at ₹793.5 apiece, down 5.59%, on the NSE on Friday.

Jyoti CNC Automation

Shares of Jyoti CNC Automation were listed on the NSE at a premium of 12%, over the issue price, at ₹370 on the NSE on January 16, 2024.

Bharti Hexacom (142%)

The telecom subsidiary of Bharti Airtel has given returns of more than 133.43% so far over its issue price. The stock was listed on the NSE at a premium of 32.45% at ₹755 apiece, on April 12, 2024, compared to the issue price of ₹570.

The stock closed 2.56% lower at ₹1,330.6 apiece on the NSE on Friday, marking a 133.43% gain over the IPO price. The stock has rallied 76.23% since listing.

Gala Precision Engineering Ltd

As the latest closing price, the stock has advanced 74.12% from its issue price of ₹529. The stock has also gained nearly 28% compared to its listing price.

Shares of Gala Precision Engineering were listed at a premium of 36.31% over the issue price on the NSE at ₹721.1 per piece on September 9, 2024.

TBO Tek Ltd

The stock settled 4.17% lower at ₹1,550 apiece, down 4.17%, on the NSE on Friday. The last closing price of the stock marks a gain of 68.47% from the issue price of ₹920 apiece. Shares of the online travel bookings platform have surged nearly 9% so far since listing at a premium of 55% at ₹1426 apiece on the NSE on May 15, 2024.

Newly listed SME IPOs give returns up to 940%

The small and medium enterprise IPOs have also not disappointed the investors. Amid the ongoing downward momentum in the secondary market, several recently listed SME stocks have given multifold returns to investors. TAC Infosec Limited has emerged as the top-performing company among the SME IPO listing in 2024 with its shares rising 940% so far over the issue price. The top 5 performing SME IPOs have gained up to 700% over their issue price so far. These stocks include Australian Premium Solar (India) Ltd, Owais Metal and Mineral Processing Ltd, Afcom Holdings Ltd, Alpex Solar Ltd and Ztech India Ltd.