Recently listed IPOs in 2024 showcase diverse performance trends, offering insights into market dynamics. Analyzing these IPOs helps investors assess returns, identify opportunities and understand how newly launched companies are faring in the competitive stock market environment.
| Company Name | ListingDate | Listing Open (₹) | Listing Close (₹) | Listing Gain |
| NTPC Green Energy IPO | 27 Nov 24 | 111.5 | 121.65 | 3.24% |
| Onyx Biotec IPO | 21 Nov 24 | 54.05 | 56.75 | -11.39% |
| Zinka Logistics Solutions IPO | 22 Nov 24 | 280.9 | 260.05 | 2.89% |
| Neelam Linens And Garments India IPO | 18 Nov 24 | 40.05 | 38.05 | 66.87% |
| Niva Bupa Health Insurance Company IPO | 14 Nov 24 | 78.14 | 74.02 | 5.59% |
| Swiggy IPO | 13 Nov 24 | 420 | 456 | 7.69% |
| ACME Solar Holdings IPO | 13 Nov 24 | 251 | 253.15 | -13.15% |
| Sagility India IPO | 12 Nov 24 | 31.06 | 29.32 | 3.53% |
| Afcons Infrastructure IPO | 04 Nov 24 | 426 | 474.2 | -7.99% |
| Usha Financial Services IPO | 31 Oct 24 | 164 | 155.85 | -2.38% |
Content:
What Is An IPO?
An IPO (Initial Public Offering) is a process where a privately owned company offers its shares to the public for the first time. By going public, the company raises capital, increases its visibility and allows investors to own a portion of the business.
The IPO process includes selecting underwriters, determining the share price and listing the company on a stock exchange. It provides the company with access to funds for expansion while giving investors an opportunity to buy shares in a newly public entity.
Recently Listed IPOs in 2024 in India – Overview
NTPC Green Energy IPO
Listed on 27 Nov 2024 at ₹108, NTPC Green Energy saw a positive listing with a 3.24% gain, opening at ₹111.5 and closing at ₹121.65. The current LTP stands at ₹124.84, reflecting a solid 11.96% gain.
NTPC Green Energy Ltd. is a subsidiary of NTPC Ltd., focusing on renewable energy projects, particularly solar and wind power. The company aims to accelerate India’s transition to green energy, contributing to the nation’s sustainable development goals. Its IPO will raise funds for expanding renewable energy infrastructure.
Onyx Biotec IPO
Onyx Biotec IPO was listed on 21 Nov 2024 at ₹61, but faced a decline, opening at ₹54.05 and closing at ₹56.75, resulting in an 11.39% loss. As of now, the LTP is ₹54.20, showing minimal recovery with just a 0.28% gain.
Onyx Biotec Limited, established in 2005, is a pharmaceutical company specializing in sterile water for injections and contract manufacturing of dry powder injections and syrups. With two manufacturing units in Solan, it serves clients like Hetero Healthcare, Mankind Pharma and Sun Pharma across domestic and international markets.
Zinka Logistics Solutions IPO
Listed on 22 Nov 2024 at ₹273, Zinka Logistics IPO opened at ₹280.9 but closed at ₹260.05, reflecting a 2.89% drop. Currently, the LTP is ₹271.10, showing a slight decrease of 3.49% compared to its listing price.
Zinka Logistics Solution Limited, founded in 2015, operates the BlackBuck app, a digital platform for truck operators. It provides services like payments, telematics, freight marketplace and vehicle financing. In FY 2024, the company processed a Gross Transaction Value (GTV) of ₹173,961.93 million.
Neelam Linens And Garments India IPO
Neelam Linens IPO, listed on 18 Nov 2024 at ₹24, surged significantly, closing at ₹38.05, a 66.87% gain. Currently, the LTP is ₹50.50, reflecting an impressive 26.09% gain from the listing price.
Neelam Linens and Garments (India) Ltd, established in 2010, manufactures and exports high-end home fashion products like bedsheets, towels and garments. Serving clients in the USA, Australia and India, it caters to discount retail outlets and engages in trading licenses for additional revenue.
Niva Bupa Health Insurance Company IPO
Listed on 14 Nov 2024 at ₹74, Niva Bupa’s IPO opened at ₹78.14 and closed at ₹74.02, marking a 5.59% gain. The LTP stands at ₹75.39, showing a slight decline of 3.52% from the listing price.
Niva Bupa Health Insurance Company Ltd, founded in 2008, is a joint venture between Bupa Group and Fettle Tone LLP. It offers comprehensive health insurance products, including retail policies for individuals and families, as well as group plans for employers and employees through its mobile app and website.
Swiggy IPO
Swiggy IPO, listed on 13 Nov 2024 at ₹390, opened at ₹420 and closed at ₹456, with a 7.69% gain. The current LTP is ₹470.75, reflecting a solid 12.08% increase from its issue price.
Swiggy is one of India’s largest food delivery platforms, offering fast and convenient food delivery services to millions of customers. With a broad market presence, Swiggy aims to strengthen its infrastructure, enhance technology and expand into new sectors. The IPO will fuel Swiggy’s next phase of growth.
ACME Solar Holdings IPO
ACME Solar Holdings IPO listed on 13 Nov 2024 at ₹289. Despite opening at ₹251 and closing at ₹253.15, it showed a -13.15% loss. The LTP currently stands at ₹274.30, marking a 9.28% gain from the listing price.
ACME Solar Holdings Ltd, established in 2015, is a leading Indian renewable energy producer specializing in solar and wind power. The company develops, operates and maintains large-scale projects, with a total operational capacity of 1,320 MW and an additional 2,380 MW under construction.
Sagility India IPO
Listed on 12 Nov 2024 at ₹30, Sagility India IPO opened at ₹31.06 and closed at ₹29.32, reflecting a 3.53% gain. The LTP is ₹37.02, showing a robust 19.19% growth since listing.
Sagility India Limited, formerly Berkmeer India Private Limited, provides healthcare-focused solutions to Payers (US health insurers) and Providers (hospitals, physicians and medical tech companies). The company offers services like claims administration, payment integrity, clinical management and revenue cycle management, supporting the operational needs of both sectors.
Afcons Infrastructure IPO
Afcons Infrastructure IPO listed on 4 Nov 2024 at ₹463, opening at ₹426 and closing at ₹474.2, showing a -7.99% loss. The LTP currently stands at ₹503.85, demonstrating an 18.27% gain since listing.
Afcons Infrastructure Ltd. is a prominent infrastructure development company specializing in engineering and construction projects across sectors like transport, energy and urban development. With a proven track record in large-scale projects, the IPO will raise capital for enhancing its operational capacity and pursuing new infrastructure ventures.
Usha Financial Services IPO
Usha Financial Services IPO listed on 31 Oct 2024 at ₹168, opening at ₹164 and closing at ₹155.85, marking a -2.38% decline. The LTP is ₹117.05, showing a significant 28.63% loss since its listing.
Usha Financial Services Ltd, founded in 1995, is a non-banking finance company offering lending solutions to NBFCs, corporates, MSMEs and women entrepreneurs. It provides EV financing and maintains an AUM of ₹30,695.76 lakhs, with a diversified revenue model through retail and wholesale lending.
Advantages of Investing in IPOs
The main advantages of investing in IPOs are the potential for high returns, early access to promising companies, diversification of investment portfolio and the opportunity to be part of a company’s growth journey.
- High Returns: IPOs offer early investment opportunities, often at attractive prices, with the potential for significant price appreciation once the company is listed and gains market confidence.
- Early Access to Promising Companies: Investing in an IPO allows you to buy shares before they are available to the general market, giving you a chance to benefit from a company’s early success.
- Portfolio Diversification: IPOs can provide an opportunity to diversify your investment portfolio, as many IPOs represent new and emerging sectors with high growth potential.
- Participation in Growth: By investing in an IPO, you become a shareholder in a company’s early stages, which means you can benefit from the company’s future growth and development over time.
Disadvantages of Investing in IPOs
The main disadvantages of investing in IPOs include high volatility, lack of historical data, overvaluation risks and the potential for underperformance after listing.
- High Volatility: IPO stocks can experience extreme price fluctuations in the early stages of trading, leading to significant risks for investors.
- Lack of Historical Data: New companies may not have an established track record, making it challenging to assess their long-term growth prospects and financial health.
- Overvaluation Risks: IPOs are often priced based on optimistic forecasts, which can lead to overvaluation, causing the stock price to fall once market realities set in.
- Underperformance After Listing: Some IPOs fail to meet expectations, resulting in underperformance after listing as investor enthusiasm wanes, leading to potential losses.
How to Invest in IPOs?
To invest in IPOs, follow these steps:
- Open a Demat and Trading Account: Choose a brokerage platform like Alice Blue.
- Research IPO Details: Review the company’s prospectus, pricing and performance.
- Place Your Bid: Log in to the brokerage account, select the IPO and bid as per your preferences.
- Monitor and Confirm Allocation: If allocated, your shares will be credited to your Demat account after listing.
Recently Listed IPO Performance – Quick Summary
- Recently listed IPOs in 2024 highlight diverse performance, helping investors assess returns and identify opportunities in the stock market.
- An IPO allows a privately owned company to offer shares to the public, raising capital for expansion while giving investors a chance to buy into the business.
- Investing in IPOs offers high returns, early access to promising companies, portfolio diversification and participation in a company’s growth and future success.
- Disadvantages of investing in IPOs include high volatility, lack of historical data, overvaluation risks and potential underperformance after listing, leading to investor losses.
- To invest in IPOs, open a Demat and trading account, research IPO details, place your bid and monitor for share allocation after listing.
Recently Listed IPO Performance in 2024 – FAQs
The Recently Listed IPOs #1 NTPC Green Energy IPO
The Recently Listed IPOs #2 Onyx Biotec IPO
The Recently Listed IPOs #3 Zinka Logistics Solutions IPO
The Recently Listed IPOs #4 Neelam Linens And Garments India IPO
The Recently Listed IPOs #5 Niva Bupa Health Insurance Company IPO
The listing price is the price at which an IPO’s shares are traded when the company is officially listed on the stock exchange. It is determined based on the offer price and market demand for the shares.
You can track an IPO’s performance through stock market platforms or brokerage services like Alice Blue. Monitoring stock prices, volume and news updates helps assess whether the stock is meeting investor expectations post-listing.
The IPO allotment process involves investors placing bids through a brokerage platform like Alice Blue. The company then allocates shares to successful bidders based on demand and the number of shares available, ensuring a fair distribution.
Even with strong subscriptions, IPOs may perform poorly due to overvaluation, lack of investor confidence, or external market conditions. Factors like industry risks and the company’s long-term prospects also affect post-listing performance.
The subscription rate indicates investor demand for an IPO. A higher subscription rate generally signals strong interest, but it doesn’t guarantee performance. High demand doesn’t always translate into positive long-term returns if market conditions aren’t favourable.
To monitor recently listed IPOs, you can use brokerage platforms like Alice Blue, financial news websites, or stock market apps that provide real-time data and performance tracking for newly listed companies.
Before buying shares of a newly listed IPO, consider the company’s financial health, industry prospects, valuation, subscription details and long-term growth potential. Additionally, review the stock’s market performance post-listing using platforms like Alice Blue for insights.
To invest in IPOs, open a Demat and Trading Account with a brokerage platform like Alice Blue, research the company’s offering, place your bid during the IPO period and track the allocation and performance once listed.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
