IPO News: The first 6 months of 2024 have been very good for the primary market. 34 companies have been listed during this period. Some of which have given excellent returns to investors so far. In the first 6 months of this year, these companies raised Rs. 26,272 crore has been collected. However, this is less compared to the last 2 years. Because no big company’s IPO has come so far this year.
The company’s IPO is opening on July 3rd, the gray market has given the green light
Contents
These companies doubled their money
Out of total 34 companies listed in the stock market, 4 companies have doubled the money given to investors. These companies have returned more than 100 percent in the stock market since listing. These 4 companies are Jyoti CNC Automation, Exicom Telecom, TBO Tech and JNK India. Let us tell you that after the listing, the share price of Jyoti CNC has increased by 300 percent. The IPO was subscribed 40 times.
Share prices of Exicom Telecom, TBO Tech and JNK India have seen gains of 220 per cent, 107 per cent and 100 per cent respectively. Shares of Bharti Hexacom are also currently trading at 96 percent upside from the price band.
Up to ₹ 7 lakh return on ₹ 10 thousand investment, these companies will create a stir in 2024
73% of IPOs have given excellent returns
Share prices of BLS E Services and Let Revenues Technologies have increased by more than 60 percent. In all IPOs so far this year, 73 percent of companies’ shares are trading above the price band. However, there are 8 companies that investors betting on are at a loss.
The market is reaching new heights every day. Due to which the shares of listed companies have increased.