The year 2024 has turned out to be a rewarding one for IPO investors in India. A mix of well-established businesses and promising new-age companies entered the stock market, offering a range of investment opportunities. While some IPOs delivered explosive listing gains, others offered steady and reliable returns.
In this article, we’ll explore the best performing IPOs 2024 India has witnessed, highlighting the top gainers, market sentiment, and sector-wise impact.
Why 2024 Became a Strong Year for IPOs
Several factors have made 2024 an active and profitable year for IPOs:
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Surge in domestic liquidity and retail participation
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Improved macroeconomic indicators
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Positive quarterly results from key sectors
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Renewed foreign investor interest
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Government initiatives supporting startups and manufacturing
The 2024 IPO list has displayed a wide sectoral spread, including tech, healthcare, FMCG, and green energy.
Top 10 Best Performing IPOs 2024 India
Here’s a snapshot of the top gainers among IPOs in India this year:
| Rank | Company Name | Listing Date | Issue Price (₹) | Listing Gain (%) | Current Return (%) |
|---|---|---|---|---|---|
| 1 | Tata Technologies | Jan 2024 | 500 | 100% | 130% |
| 2 | Honasa Consumer (Mamaearth) | Feb 2024 | 324 | 38% | 70% |
| 3 | Motisons Jewellers | Mar 2024 | 55 | 98% | 120% |
| 4 | IKIO Lighting | Apr 2024 | 285 | 37% | 65% |
| 5 | Blue Jet Healthcare | Jan 2024 | 346 | 10% | 40% |
| 6 | Inox India | Mar 2024 | 880 | 40% | 58% |
| 7 | Juniper Hotels | Feb 2024 | 360 | 20% | 45% |
| 8 | Mukka Proteins | Apr 2024 | 30 | 50% | 72% |
| 9 | Apeejay Surrendra Park Hotels | Feb 2024 | 155 | 25% | 35% |
| 10 | DOMS Industries | Jan 2024 | 750 | 76% | 95% |
These IPOs stood out for their strong financial performance, credible promoters, and growth prospects, contributing to their exceptional returns.
Sectors That Dominated the IPO Scene in 2024
The 2024 IPO list reveals some clear sectoral trends that have attracted investor attention:
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Technology and Digital Services – Led by scalable platforms and innovation
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Healthcare and Pharma – Driven by exports and post-pandemic resilience
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Consumer Goods and Retail – Backed by India’s strong consumption story
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Green Energy and Infrastructure – Riding on sustainability and policy support
These sectors were home to several entries among the best performing IPOs 2024 India has delivered.
What Made These IPOs the Top Gainers?
Top-performing IPOs this year had several factors in common:
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Well-defined business models with growth visibility
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Reasonable valuations during IPO pricing
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Sound financial track records and profitability
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High investor confidence and market buzz
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Presence of marquee anchor investors
Such traits helped investors identify winners early and benefit from long-term gains.
Tips for Investors Eyeing Upcoming IPOs
If you’re considering investing in the next set of IPOs this year, here are a few pointers:
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Research thoroughly – Analyze the company’s financials and industry trends
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Assess valuation – Don’t overpay for hype or sentiment
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Understand risks – IPO investing is not risk-free
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Watch GMP cautiously – Use grey market premium as a reference, not a rule
Tracking the best performing IPOs 2024 India can offer a valuable learning curve for both new and experienced investors.
FAQs
Q1. Which IPO delivered the highest returns in India in 2024?
Tata Technologies emerged as the top gainer with a return of over 130% post-listing, making it the best-performing IPO so far in 2024.
Q2. How can I find the complete 2024 IPO list?
You can visit financial portals like NSE India, BSE India, Moneycontrol, or brokerage websites such as Zerodha or Groww to access the full IPO list and performance data.
Q3. Are all IPOs in 2024 profitable?
No. While many IPOs have delivered good returns, not all have been successful. It’s important to evaluate each IPO based on business fundamentals and market positioning.
Q4. Which sectors are expected to lead in the remaining IPOs of 2024?
Sectors such as renewable energy, tech, consumer goods, and infrastructure are expected to dominate the second half of the 2024 IPO list.
Final Thoughts
The IPO market in 2024 has seen a solid performance with many entries into the top gainers club. With the right approach, research, and timing, investors have the potential to earn attractive returns. Studying the best performing IPOs 2024 India continues to offer valuable insights into investor sentiment and market trends.
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Sachin is a dedicated writer specializing in education, career, and recruitment topics, delivering clear and actionable insights to empower readers.