Have you ever wondered what makes some IPOs steal the spotlight with bumper listings and rewarding rallies? As an investor, you might be eyeing some quick money on immediate gains. Newly listed stocks often deliver stellar performance right after their listings.
From record-breaking volumes to high short-term returns, these stocks present lucrative opportunities for investors. In this blog, we have listed five of the hottest IPOs of 2024 that took the stock market by storm.
5 Newly Listed Stocks that Delivered High Returns on Debut
Check out these new listed stocks that made investors richer immediately after their listing in recent months.
- Ola Electric Mobility
Ola Electric Mobility made its debut on August 9, just at the issue price of INR 76. However, it rallied 58% in just 3 days! It reached its all-time high on August 20, when the stock price reached INR 157.53.
Immediately after its debut, it soared 20% each for the first two days, which demonstrated the high enthusiasm of buyers. The morning session of August 9 witnessed 14 crore shares of the stock being traded, which reflected the strong appetite of investors.
- Mobikwik
One Mobikwik Systems stock rallied 115% in just two days after its debut. The stock showcased an electrifying listing, returning a premium of 58.51% over its issue price of INR 279. By its second session, the stock soared to INR 605, which already made it a multi-bagger.
The original price band of the stock was between INR 265 and INR 279, and it raised INR 572 crore from investors. As one of the most popular digital payment platforms, Mobikwik was oversubscribed 119.38 times.
- Inventurus Knowledge
Inventurus Knowledge hit the stock market on 18th December, with its shares recording a 43% premium over its issue price of INR 1,329. Listed at INR 1,900, it rewarded investors handsomely on debut.
The IPO was valued at INR 2,497.92 crore and witnessed an overwhelming demand. It was oversubscribed 52.68 times, with retail investors bidding 14.55 times. On the other hand, non-institutional investors and qualified institutional buyers subscribed 23.25 and 80.64 times, respectively.
- Environ Infra
Enviro Infra Engineers has seen impressive gains since the stock made its debut in the stock market on November 29. Investors gained nearly 50% over its issue price of INR 148. Since then, the stock has continued with its upward trajectory.
Environ Infra shares hit an all-time high on December 16, when it touched a record high of INR 318.90. Interestingly, the share was oversubscribed 89.90 times.
The strong trading volumes were evident from the fact that one crore shares changed hands within an hour!
- Bajaj Housing Finance
Bajaj Housing Finance is another stock that made a bumper debut in 2024. While the issue price was INR 70, it hit the D-street at INR 150 per share, marking an impressive 114% premium. Further, it rose to INR 165, which is around 136% higher than the issue price.
The GMP of this stock had hinted at significant listing gains, and Bajaj Housing Finance lived up to the speculations. It became the most traded stock on both the NSE and BSE, contributing to 9.4% of the overall trading value. With a market cap of INR 1.4 lakh crore, it is now the most valued housing finance company in India.
Conclusion
Whether you’re a long-term investor or simply participate in stock market trading for listing gains, you must have been lucky if any of these shares had been allotted to you. The stellar performances of the newly listed stocks reflect the growing confidence of investors in the market.
As the market continues to show resilience, the newly listed stocks deliver handsome returns to investors. If you’re on the market for the long term, monitor the stock performance and stay invested for the continued bull run.
