In 2024, India’s IPO market witnessed a record-breaking surge, with over 300 IPOs launched across both SME and Mainboard segments. Reports indicate that Mainboard IPOs raised over Rs 1.6 lakh crore, while SME IPOs gathered Rs 8,753 crore.
Listed below is the performance of 5 such IPOs that were recently listed
Hyundai Motor India Ltd
Hyundai Motor India Limited, a subsidiary of the Hyundai Motor Group is the world’s third-largest auto original equipment manufacturer by passenger vehicle sales. According to the latest available data, the company recorded yearly sales of 6 lakh units, contributing 14.61 percent to the parent company’s global sales.
In October 2024, Hyundai Motor India Limited came up with a book-built issue of Rs 27,870 crores. The issue price was set at Rs 1,960 per share. The shares listed at Rs 1,931 on NSE, reflecting a slight decrease from the issue price.
The stock rose 2 percent from its listing price to a 52-week high of Rs 1,968 on Oct 22, 2024. It is currently trading at Rs 1,729.50, marking a discount of 12 percent.
Swiggy Ltd
Swiggy Limited is a digital platform that enables users to search, order, and pay for food, groceries, and household essentials through a single app. It operates across five key segments: food delivery, quick commerce, out-of-home dining, B2B supply chain solutions, and platform innovations like Swiggy Genie and Swiggy Minis.
In November 2024, Swiggy Limited came up with a book-built issue of Rs 11,327 crores. The issue price was set at Rs 390 per share. The shares listed at Rs 412 on NSE, reflecting a 5 percent gain.
The stock rose 50 percent from its listing price to a 52-week high of Rs 617 on Dec 23, 2024. It is currently trading at Rs 344, marking a discount of 44 percent.
Bajaj Housing Finance Ltd
Bajaj Housing Finance is a non-deposit-taking Housing Finance Company that has been offering mortgage loans since the financial year 2018. As a subsidiary of the Bajaj Group, a diversified conglomerate with interests in multiple sectors, the company provides tailored financial solutions for individuals and businesses regarding residential and commercial properties.
In September 2024, Bajaj Housing Finance Limited came up with a book-built issue of Rs 6,560 crores. The issue price was set at Rs 70 per share. The shares listed at Rs 150 on NSE, reflecting a stellar 114 percent increase from the issue price.
The stock rose 25 percent from its listing price to a 52-week high of Rs 188.50 on Sep 18, 2024. It is currently trading at Rs 108.75, marking a discount of 42 percent
Premier Energies Limited
Premier Energies Limited specializes in manufacturing integrated solar cells and panels. Its product range includes solar cells, modules (monofacial and bifacial), EPC solutions, and O&M services.The company operates five manufacturing units, all located in Hyderabad, Telangana, India.
At the end of August 2024, Premier Energies Ltd came up with a book-built issue of Rs 2,830 crores. The issue price was set at Rs 450 per share. The shares listed at Rs 991 on NSE, reflecting a massive 120 percent increase from the issue price.
The stock rose 40 percent from its listing price to a 52-week high of Rs 1,387 on Dec 17, 2024. It is currently trading at Rs 873.05, marking a discount of 37 percent
Waaree Energies Ltd
Waaree Energies Ltd is a leading Indian manufacturer of solar PV modules with a total installed capacity of 13.3 GW. The company’s product portfolio includes multicrystalline and monocrystalline modules, as well as TopCon modules.
In September 2024, Waaree Energies Ltd came up with a book-built issue of Rs 4,321 crores. The issue price was set at Rs 1,503 per share. The shares listed at Rs 2,550 on NSE, reflecting a stellar 70 percent increase from the issue price.
The stock rose 47 percent from its listing price to a 52-week high of Rs 3,740.75 on Nov 6, 2024. It is currently trading at Rs 2,159, marking a discount of 42 percent.
Written by Shwetha Sairam
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