Top 10 IPOs Of India

The table below shows the top 10 IPOs in India based on the highest market capitalization and 1-year return. Leading the list is NTPC Green Energy Ltd with a market cap of ₹1,19,755 crore and a 1-year return of 16.83%. Other strong performers include Bharti Hexacom Ltd, with an impressive 70.67% 1-year return, and Aadhar Housing Finance Ltd, which has seen a 32.17% return.

Introduction To Top 10 IPOs in 2024

NTPC Green Energy Ltd

NTPC Green Energy Ltd is a subsidiary of NTPC Ltd, India’s largest power utility. Established to focus on renewable energy, NTPC Green Energy specializes in the development, generation, and distribution of clean energy, including solar, wind, and hydroelectric power. The company plays a crucial role in NTPC’s transition towards sustainability, aiming to achieve a significant reduction in carbon emissions by increasing its renewable energy capacity. 

NTPC Green Energy is part of the broader NTPC Group’s efforts to diversify its energy portfolio and contribute to India’s renewable energy goals. It is expected to be a key player in India’s green energy revolution.

• Close Price ( ₹ ): 142.12
• Market Cap ( Cr ): 119755.0
• 1Y Return %: 16.83
• 6M Return %: 16.83
• 1M Return %: 15.51

Swiggy Ltd

Swiggy Ltd is one of India’s leading online food delivery platforms, founded in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini. Headquartered in Bengaluru, Swiggy connects customers with restaurants, offering a wide range of food delivery options. It has expanded beyond food delivery to include services like Swiggy Instamart (grocery delivery) and Swiggy Genie (pickup and drop services). 

The platform operates across numerous cities in India, leveraging technology and logistics networks to provide fast and reliable delivery. Swiggy has raised significant funding from investors like Naspers and SoftBank and is considered one of the key players in India’s food-tech industry.

• Close Price ( ₹ ): 493.70
• Market Cap ( Cr ): 112336.48
• 1Y Return %: 8.27
• 6M Return %: 8.27
• 1M Return %: 17.55
• % Away From 52W High: 4.72

Bharti Hexacom Ltd

Bharti Hexacom is a subsidiary of Bharti Airtel, one of India’s leading telecommunications companies. Bharti Hexacom operates primarily in the northeastern states of India and Rajasthan, offering mobile and internet services under the Airtel brand. 

As part of the broader Bharti Airtel group, Bharti Hexacom plays a crucial role in expanding Airtel’s reach in underserved and remote regions. In the context of telecommunication stocks, Bharti Airtel, including Bharti Hexacom, is one of the major players. 

• Close Price ( ₹ ): 1388.05
• Market Cap ( Cr ): 69402.5
• 1Y Return %: 70.67
• 6M Return %: 29.37
• 1M Return %: -2.16
• % Away From 52W High: 12.96

Vodafone Idea Ltd

Vodafone Idea Limited, an India-based telecommunications company, offers nationwide voice and data services on 2G, 3G, and 4G platforms. Its Vodafone Idea business division caters to global and Indian corporations, government entities, SMEs, and startups with communication solutions. 

The company provides voice, broadband, content, and digital services, along with entertainment offerings like sports content, IVR-based services, WAP games, and voice and SMS options such as caller tunes and expert advice. 

• Close Price ( ₹ ): 8.21
• Market Cap ( Cr ): 57223.55
• 1Y Return %: -37.57
• 6M Return %: -48.69
• 1M Return %: -1.66
• 5Y CAGR %: 3.09
• % Away From 52W High: 133.62

Go Digit General Insurance Ltd

Go Digit General Insurance Ltd is an Indian general insurance company that provides a wide range of insurance products, including health, motor, travel, and property insurance. Founded in 2017, the company is known for its customer-centric approach and use of technology to simplify the insurance process. 

Go Digit aims to make insurance easy, accessible, and affordable through its digital platform, offering fast policy issuance and claims settlement. The company has rapidly gained popularity, particularly among tech-savvy customers, and is backed by prominent investors like Fairfax India. 

• Close Price ( ₹ ): 348.30
• Market Cap ( Cr ): 32077.79
• 1Y Return %: 13.82
• 6M Return %: 15.68
• 1M Return %: 2.67  

Aadhar Housing Finance Ltd

Aadhar Housing Finance Ltd is a leading housing finance company in India, primarily focused on providing affordable home loans to low and middle-income segments. Established in 2010, the company offers a range of financial products, including home loans, construction loans, and loans against property, with a special emphasis on rural and semi-urban areas. 

Aadhar Housing Finance aims to promote homeownership in India by making housing finance accessible to a large section of the population. The company is known for its deep penetration in smaller cities and towns, leveraging its strong regional presence to serve customers in underserved markets.

• Close Price ( ₹ ): 435.45
• Market Cap ( Cr ): 18729.62
• 1Y Return %: 32.17
• 6M Return %: 25.17
• 1M Return %: -1.67
• % Away From 52W High: 18.68
• 5Y Avg Net Profit Margin %: 23.32

ACME Solar Holdings Ltd

ACME Solar Holdings Ltd is one of India’s largest and leading renewable energy companies, primarily focused on the development and operation of solar power projects. Founded in 2003, ACME Solar specializes in the generation of clean energy from solar power plants and aims to contribute significantly to India’s renewable energy targets. 

The company has a vast portfolio of solar power projects across various states in India and is involved in both utility-scale solar projects and distributed solar solutions. ACME Solar has played a key role in driving India’s transition towards sustainable energy, supporting the country’s goal of achieving 175 GW of renewable energy capacity by 2022.

• Close Price ( ₹ ): 280.90
• Market Cap ( Cr ): 16996.92
• 1Y Return %: 10.96
• 6M Return %: 10.96
• 1M Return %: 3.78

Sagility India Ltd

Sagility India Ltd is a leading provider of business process outsourcing (BPO) and technology solutions in India. The company specializes in offering a wide range of services, including customer support, finance and accounting outsourcing, and IT services, primarily targeting healthcare, insurance, and other industries. 

Sagility India focuses on delivering cost-effective, high-quality services with a strong emphasis on operational efficiency, leveraging automation, and advanced technologies like AI and data analytics. The company aims to help its clients improve business performance, reduce costs, and enhance customer satisfaction.

• Close Price ( ₹ ): 35.65
• Market Cap ( Cr ): 16688.94
• 1Y Return %: 21.59
• 6M Return %: 21.59
• 1M Return %: 17.87 
• % Away From 52W High: 5.95  

Niva Bupa Health Insurance Company Ltd

Niva Bupa Health Insurance Company Ltd is a prominent health insurance provider in India, formerly known as Max Bupa Health Insurance. A joint venture between Niva Bupa (an affiliate of the UK-based Bupa Group) and India’s True North, the company offers a range of health insurance products, including individual and family health plans, critical illness coverage, and top-up insurance plans. 

Niva Bupa focuses on delivering high-quality healthcare solutions with a customer-first approach, leveraging technology for seamless policy management, claims processing, and customer support.  

• Close Price ( ₹ ): 81.93
• Market Cap ( Cr ): 14968.83
• 1Y Return %: 10.69
• 6M Return %: 10.69
• 1M Return %: -4.80 
• % Away From 52W High: 3.50
• 5Y Avg Net Profit Margin %: -3.23 

Allied Blenders and Distillers Ltd

Allied Blenders and Distillers Ltd is one of India’s leading alcoholic beverage companies, best known for its flagship brand, Officer’s Choice whisky. The company specializes in the production, marketing, and distribution of a wide range of spirits, including whisky, rum, brandy, and vodka. 

With a strong market presence, especially in the Indian whisky segment, Allied Blenders and Distillers Ltd focuses on innovation, quality, and affordability. The company has expanded its reach both domestically and internationally, aiming to cater to diverse consumer preferences.

• Close Price ( ₹ ): 345.35
• Market Cap ( Cr ): 9659.79
• 1Y Return %: 8.63
• 6M Return %: 8.63
• 1M Return %: 5.37 
• % Away From 52W High: 7.83
• 5Y Avg Net Profit Margin %: 0.14 

What Is An IPO?

An Initial Public Offering (IPO) refers to the process through which a private company offers its shares to the public for the first time. This transition allows the company to raise capital from a wider array of investors, enhancing its financial resources.  

When a company goes public, it typically engages investment banks to help determine the share price and market the offering. The IPO serves as a crucial step for growth, providing funds for expansion, research, and development, while also increasing its visibility in the market.

Features Of Top IPOs Of India

The key features of top IPOs in India are marked by strong market capitalization, consistent financial growth, and robust business models. Companies with high market potential, excellent management, and a track record of profitability tend to perform well post-listing, offering investors solid returns.

1. Strong Market Capitalization
   Top IPOs in India typically have a large market capitalization, reflecting the financial stability and growth potential of the company. A higher market cap is indicative of investor confidence, making these IPOs attractive for long-term investments.
2. Solid Financial Performance
   Successful IPOs often come from companies with a history of stable revenue growth, profitability, and effective cost management. Strong financial performance assures investors of the company’s ability to generate consistent returns and manage market volatility.
3. Growth Potential and Sector Leadership
   Leading IPOs operate in fast-growing sectors like renewable energy, fintech, and e-commerce. These companies are expected to capitalize on emerging trends, expand market share, and achieve significant growth in the coming years, making them attractive investments.
4. Experienced Management Team
   An experienced management team is one of the most critical factors in the success of top IPOs. Companies with visionary leadership and strategic insights are better positioned to navigate market challenges, ensuring long-term success and investor returns.
5. Market Sentiment and Investor Interest
   High demand for an IPO, driven by market sentiment and investor enthusiasm, often leads to successful listings. A positive outlook in the economy and industry sector can drive higher subscription rates, boosting stock performance once listed.

Most Successful IPO In India Based on 6 Month Return

The table below shows the most successful IPO in India based on a 6-month returns.

Top IPOs Of India Based on 1M Return

The table below shows the top IPOs of India based on a 1-month return.

Factors To Consider When Investing In IPOs

The factors to consider when investing in IPOs, it’s crucial to evaluate factors like financial health, business model, and market conditions. A careful analysis of these elements can help identify companies with strong growth potential, reducing investment risks.

1. Company’s Financial Health
   Before investing in an IPO, assess the company’s financial stability, revenue growth, and profitability. A strong balance sheet with low debt and healthy cash flow indicates a company’s ability to weather market fluctuations and generate long-term returns.
2. Industry and Market Potential
   The potential growth of the industry in which the company operates plays a vital role. Invest in IPOs from sectors with strong growth prospects, such as technology, renewable energy, or healthcare, which can drive the company’s future success and stock value.
3. Management Team and Leadership
   A company’s leadership and management team significantly impact its long-term success. Experienced and skilled management can navigate challenges, drive innovation, and create value for investors. Research their track record before investing in an IPO to gauge the company’s leadership strength.
4. IPO Pricing and Valuation
   Evaluate the IPO’s pricing to ensure it offers value for money. Overpriced IPOs can result in poor performance after listing. Compare the IPO’s valuation with peers in the sector and its growth prospects to determine if it’s fairly priced.
5. Market Sentiment and Timing
   The overall market conditions and sentiment toward IPOs influence their performance. A strong, bullish market may favor IPOs, while a bearish or volatile market could negatively impact stock prices. Timing your investment based on market trends is crucial for success.

How To Invest In IPOs Of India?

Investing in IPOs in India involves a structured approach, starting with selecting a reliable stockbroker, understanding the company’s fundamentals, and applying through online or offline channels. A careful evaluation of IPOs can yield significant returns.

1. Open a Demat and Trading Account
   To invest in IPOs, open a Demat and trading account with a trusted broker like Alice Blue. Alice Blue offers a user-friendly platform and seamless application process for IPO investments, making it convenient for investors.
2. Research the Company and Its IPO
   Thoroughly research the company issuing the IPO, including its business model, financial health, industry prospects, and growth potential. This helps you assess the risk and reward potential before investing your money.
3. Understand the IPO Details
   Carefully review the IPO prospectus, which includes details like issue price, lot size, and financial projections. Compare the IPO’s pricing with competitors to ensure it’s fairly valued and aligns with your investment goals.
4. Apply Through ASBA or UPI
   Submit your IPO application via the Application Supported by Blocked Amount (ASBA) method, available through your bank, or use UPI for a seamless process. Alice Blue provides guidance for hassle-free IPO applications.
5. Track the Allotment and Listing
   Once the IPO application is submitted, monitor the allotment status and the stock’s listing on the exchange. Keep track of the company’s post-listing performance to decide whether to hold or sell your shares.

Impact of Government Policies on IPOs

Government policies play a crucial role in shaping the landscape of Initial Public Offerings (IPOs). Regulations regarding financial disclosures, tax incentives, and the overall economic environment can significantly influence a company’s decision to go public. Favorable policies can encourage more firms to enter the market, boosting the number of IPOs and increasing investor participation.  

Conversely, restrictive policies may deter companies from pursuing IPOs, leading to a decline in market activity. As such, the government’s stance on economic and regulatory matters can directly affect the health of the IPO market and investors’ confidence.

Advantages Of Investing in IPOs in India

The primary advantage of investing in IPOs is the potential for substantial returns, as investors can buy shares at an early stage of a company’s growth. With the right IPO, investors can capitalize on the company’s future success.

1. High Growth Potential
   Investing in IPOs allows you to buy shares in companies with significant growth potential. Early-stage companies, especially in sectors like technology and renewable energy, may see substantial appreciation in stock prices as they expand and capture market share.
2. Opportunity to Invest in Market Leaders
   IPOs provide a chance to invest in companies that could become market leaders. Many successful IPOs, such as those in technology or consumer goods, have grown into industry giants, delivering high returns for early investors.
3. Diversification of Investment Portfolio
   IPOs allow you to diversify your investment portfolio by gaining exposure to new sectors or high-potential industries. This helps balance risk while offering growth opportunities that are typically not available through established companies.
4. Early Access to Investment Opportunities
   By participating in IPOs, investors gain early access to new businesses before they become publicly traded. This early involvement can provide an opportunity to purchase shares at a lower price, often ahead of a potential price surge post-listing.
5. Potential for Long-Term Capital Gains
   Investing in successful IPOs can offer significant long-term capital gains. If the company performs well and grows over time, the stock price appreciates, providing early investors with substantial returns, especially in high-growth industries.

Risks Of Investing in IPOs in India

The main risk of investing in IPOs is the uncertainty associated with new companies entering the market. These companies may not yet have a proven track record, leading to higher volatility and the potential for losses.

1. High Volatility in Stock Price
   IPO stocks can experience significant price fluctuations post-listing, especially if market sentiment turns negative. Early investors may face volatile price movements, as new companies often lack the stability of established firms, leading to increased risk.
2. Limited Financial History
   Most IPOs come from companies with limited financial history or operating records. Without a proven track record, it can be difficult to accurately assess the company’s financial health, increasing the risk of underperformance or failure after listing.
3. Overvaluation Risks
   Some IPOs may be overpriced due to high market expectations or excessive hype. Investing in such IPOs can result in immediate losses once the market corrects, especially if the company fails to meet its projected growth targets.
4. Lack of Liquidity in the Early Stages
   Although IPOs are listed on the stock exchange, they may experience limited liquidity initially. This can make it harder to sell shares or exit your position at the desired price, especially in the early days of listing.
5. Regulatory and Market Risks
   IPO companies may face regulatory challenges or changes in government policies that affect their business operations. These factors, along with market downturns or economic slowdowns, can severely impact the company’s performance and stock price.

Who Should Invest in IPOs?

Investing in IPOs is ideal for individuals with a higher risk tolerance and long-term investment goals. Those who can handle market volatility and are willing to conduct thorough research to identify promising companies will benefit the most from IPO investments.

1. Risk-Tolerant Investors
   IPOs can be highly volatile, making them suitable for investors with a higher risk appetite. If you can handle price fluctuations and the possibility of short-term losses, IPOs may offer significant long-term rewards when the company succeeds.
2. Long-Term Investors
   Those looking to hold investments for the long term can benefit from IPOs, especially in high-growth industries like technology or renewable energy. Early-stage investments often yield substantial returns over time, provided the company continues to grow.
3. Investors with a Diversified Portfolio
   IPOs can be an excellent way to diversify your investment portfolio. If you already have a well-balanced mix of stocks, bonds, and other assets, IPOs can offer exposure to new industries, reducing overall portfolio risk.
4. Experienced and Research-Oriented Investors
   Investors who are comfortable conducting research and understanding a company’s financials, management, and market potential should consider IPOs. Careful analysis of an IPO’s prospectus and future growth potential is critical for making informed decisions.
5. Those Seeking Growth Opportunities
   IPOs are ideal for those looking for growth potential, particularly in emerging sectors. If you believe in the future prospects of a company, investing in its IPO at an early stage can yield significant gains as the business expands.

Top 10 IPO In India – FAQs

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.