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Renewable Energy

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For the IPO lovers, the FY24 has started with a great start. According to the stats, around 76 companies have Succeeded in raising $62,000 crores through IPO.&nbsp; 
So, out of all these <a href="https://coingape.com/glossary/ipo/">companies’ IPOs</a>, which one is the most successful and should be on your list?&nbsp; 
<h2 id="span-data-preserver-spaces-true-top-4-ipo-performers-for-2024-span">Top 4 IPO Performers For 2024</h2> 
This blog concludes with the top 4 IPO performers who have made a minimum of 100% return on their issue price. The list includes the Indian Renewable Energy Development Agency, Motisons Jewellers, Signature Global, and Netweb Technologies. The list also includes a social 5th addition share at the end as a bonus point.&nbsp; 
<h3 id="span-data-preserver-spaces-true-indian-renewable-energy-development-agency-ireda-span">Indian Renewable Energy Development Agency (IREDA)</h3> 
Indian renewable energy development has a record of loan growth, which has led to its profit growth and makes it our perfect candidate for 2024 IPO investment options.&nbsp; 
IREDA IPO had a 253% surge in the last four months, where the issue price was merely Rs 32, but it rose to a share price of Rs 175 per share.&nbsp; 
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As of now, it has a market cap of Rs 46.83 Trillion Crore. Today, the market opened at 182, and by far, the lowest&nbsp; share price came out to be around 170.85.&nbsp; 
<h3 id="span-data-preserver-spaces-true-signature-global-india-ltd-span">Signature Global (India) Ltd</h3> 
The signature price IPO price rose around 252%. It happened because of the government’s focus on housing and all. The initial issue price was around Rs 385 per share, and it rose to Rs 1,359.2 per share.&nbsp; 
It has a <a href="https://coingape.com/markets/5-crypto-to-buy-ready-hit-1b-market-cap/">market cap</a> of Rs 19.01 Trillion Crore, and the day opened with an initial value of 1,348.&nbsp; 
<h3 id="span-data-preserver-spaces-true-netweb-technologies-india-span">Netweb Technologies India</h3> 
The returns on this IPO came out to be 221%. The new IPO rose to Rs1,814.75 earlier, where the issue price was only about Rs 500 per share.&nbsp; 
Netweb’s market opened with a price of Rs 1,664 and has a market cap of Rs 9.36 Trillion Crore.&nbsp; 
<h3 id="span-data-preserver-spaces-true-motisons-jewellers-span">Motisons Jewellers</h3> 
Within a few months of Motisons Jewelers IPO listing in 2023, the IPO price had surged by 191%, and now it is worth around Rs 169.60. Motisons Jewellers had the issue price of Rs 55 only.&nbsp; 
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It has a market cap of Rs1. 64 Trillion crores and is currently trading at Rs 167. This year, the price range has been between Rs 88.85 to Rs 248.15.&nbsp; 
<h3 id="span-data-preserver-spaces-true-cyient-dlm-span">Cyient DLM</h3> 
Cyient DLM is a bonus IPO for the readers. It had a 171% return this year when the stock rose to Rs869.80 per share, where the issue price was only Rs 265.&nbsp; 
It has a market cap of Rs 5.58 Trillion Crore with the current value of Rs 703. For this year, the price range for Cyient DLM shares is between Rs 403 to Rs883.80.&nbsp; 
<h2 id="span-data-preserver-spaces-true-conclusion-span">Conclusion</h2> 
A few other IPO shares are next on this list, including Tata Technologies, Azad Engineering, and Concord Biotech, which has a 100% plus return in this FY24 session.&nbsp; 
Read More <a href="https://coingape.com/trending/ripple-ceo-brad-garlinghouses-crypto-prediction-for-2024/">Ripple CEO Brad Garlinghouse’s Crypto Prediction For 2024</a> 
The post <a href="https://coingape.com/trending/4-top-ipo-which-gives-more-than-100-profit/">4 Top IPO Which Gives More Than 100% Profit</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

4 Top IPO Which Gives More Than 100% Profit

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