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Some strong 2024 IPOs see erosion in gains; others rebound after tepid debut

Money ControlMoney Control · 3m
Some strong 2024 IPOs see erosion in gains; others rebound after tepid debut

In 2024, the Indian stock market has seen a mix of performances from newly listed companies. While some IPOs had strong debuts, others initially listed at a discount but later rebounded significantly. For example, companies like Vibhor Steel Tubes and BLS E-Services saw impressive listing-day surges but have since given up a portion of those gains. On the other hand, stocks like JG Chemicals and Jana Small Finance Bank initially listed at discounts but have experienced a strong rally. The performance of IPOs depends on factors such as the business model, valuation, and market dynamics. Despite market volatility, solid post-listing performance and strong liquidity suggest a wave of IPOs is likely in the second half of 2024. However, some experts believe that many IPOs were overpriced.

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