BEST PERFORMING IPO 2024

What is IPO ?

An IPO (Initial Public Offering) is the process by which a private company becomes publicly traded by offering its shares to the general public for the first time. This allows the company to raise capital from investors in exchange for equity.

Key Points About IPOs:

Purpose – Companies go public to raise funds for expansion, debt repayment, or other business needs.
Process – The company hires investment banks to underwrite the IPO, set the share price, and list the stock on an exchange (e.g., NSE, BSE).
Investors – Retail investors, institutional investors, and high-net-worth individuals (HNIs) can participate.
Pricing – IPOs can be fixed price or book-building, where the price is determined based on demand.
Listing Gains – If demand is high, the stock may list at a premium, allowing early investors to make quick profits.
Lock-in Period – Some investors (like promoters) have restrictions on selling shares immediately after the IPO.

TOP 5 PERFORMING IPO’S OF 2024

1.Australian Premium Solar (India) Ltd : – Australian Premium Solar (India) Limited, founded in 2013, manufactures solar panels and water pumps and provides EPC services. It operates a 600 MW Gujarat facility, expanding to 800 MW, with a presence in India, Australia, and the US. In FY23, 71.3% of revenue came from solar pump installations. The company plans to manufacture solar cells and grow its water pump segment to 30% of revenue by FY25. It raised ₹28 Cr via IPO for expansion. The stock hit a high of ₹670, low of ₹196, and is currently ₹418, backed by excellent quarterly results.

2.Alpex Solar Ltd : – ASL, one of North India’s largest PV module manufacturers, produces solar PV modules, power plants, aluminum frames, IPP, GH2, and AC/DC water pumps, while also handling EPC projects. The company trades in knitting needles, yarn, air purifiers, water pumps, and solar panels and has installed 15,000+ solar pumps. It completed an IPO of 64.80 lakh shares, raising ₹74.52 Cr, and got listed on NSE Emerge on Feb 15, 2024, at ₹335. The stock hit a high of ₹1132 and low of ₹235, showing strong quarterly growth.

3.Owais Metal and Mineral Processing Ltd : – OMMPL specializes in manufacturing and processing metals and minerals, including Manganese Ore, MC Manganese, Quartz, and Wood Charcoal, while also recycling rare earth minerals using in-house technology to extract tantalum, tin, and niobium. The company launched its IPO on March 4, 2024, with a market cap of ₹834 Cr, listing at ₹231 with 46% gains. The stock hit a high of ₹1569, low of ₹231, and currently trades at ₹681, backed by excellent results.

4.TAC Infosec Ltd : – TACIL provides risk-based vulnerability management, cybersecurity quantification, and penetration testing through a SaaS model for organizations globally. The company raised ₹29.99 Cr via IPO of 28.29 lakh shares and listed on NSE Emerge on April 5, 2024, at ₹304. The stock hit a high of ₹1700, low of ₹261, and currently trades at ₹1100, showing strong growth this year.

5.AWFIS Space Solutions Ltd : – Awfis Space Solutions Limited, a leading workspace solutions provider in India, offers flexible desks to customized office spaces for startups, SMEs, and large corporations. The company raised ₹599 Cr through its IPO, including a ₹128 Cr fresh issue, and got listed on May 30, 2024, at ₹421. Despite past losses, the company made an excellent comeback this year. The stock hit a high of ₹946, low of ₹371, and currently trades at ₹664.