.png){kind=logo}
In the fast-paced world of investing, initial public offerings (IPOs) present a unique opportunity for investors to capitalize on the growth potential of emerging companies. While IPOs under Rs. 100 may seem modest in price, they often carry significant potential for high returns. In this article, we delve into five IPOs under Rs. 100 that have shown promising performance in 2024, shedding light on their current status, price movements, and potential for growth.
Last Traded Price (LTP): Rs. 87.3
Change (%): 164.55
Volume: 48,000
Issue Price (Rs): Rs. 33
List Date: January 23, 2024
Maxposure Ltd, with its substantial change percentage of 164.55, has garnered attention among investors. Despite its humble issue price of Rs. 33, the stock has shown remarkable growth since its listing on January 23, 2024. The robust volume indicates investor confidence in the company's growth prospects, making it an intriguing option for those seeking high returns at an affordable entry point.
LTP: Rs. 95.8
Change (%): 21.27
Volume: 38,400
Issue Price (Rs): Rs. 79
List Date: February 27, 2024
Zenith Drugs Ltd has exhibited steady growth since its listing on February 27, 2024. With a change percentage of 21.27, the stock has demonstrated resilience in the market. Despite its issue price of Rs. 79, investors have shown confidence in Zenith Drugs, driving its price upward. The consistent trading volume underscores sustained investor interest in the company's prospects.
LTP: Rs. 100
Change (%): 33.33
Volume: 115,200
Issue Price (Rs): Rs. 75
List Date: January 08, 2024
Kaushalya Logistics Ltd has witnessed a remarkable change percentage of 33.33 since its listing on January 08, 2024. With a current price of Rs. 100, surpassing its issue price of Rs. 75, the stock has offered investors substantial returns within a short span. The significant trading volume further underscores investor confidence in Kaushalya Logistics' growth trajectory.
LTP: Rs. 114
Change (%): 22.58
Volume: 25,200
Issue Price (Rs): Rs. 93
List Date: December 27, 2023
Electro Force (India) Ltd has showcased commendable growth since its listing on December 27, 2023. With a change percentage of 22.58, the stock has outperformed expectations, offering investors substantial returns. Despite its issue price of Rs. 93, the stock's current price of Rs. 114 reflects positive market sentiment and strong investor demand.
LTP: Rs. 102
Change (%): 14.61
Volume: 32,000
Issue Price (Rs): Rs. 89
List Date: January 02, 2024
Aik Pipes & Polymers Ltd has demonstrated steady growth since its listing on January 02, 2024. With a change percentage of 14.61, the stock has offered investors consistent returns. Despite its issue price of Rs. 89, the stock's current price of Rs. 102 highlights its potential for growth and value creation.
In conclusion, IPOs under Rs. 100 present investors with an attractive opportunity to capitalize on the growth potential of emerging companies. While these stocks may seem modestly priced, their performance in 2024 underscores their potential for high returns. However, investors should conduct thorough research and due diligence before investing in any IPO, considering factors such as industry trends, financial performance, and growth prospects. As always, prudent investment decisions are key to maximizing returns and mitigating risks in the dynamic world of the stock market.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
