Mainboard IPO List 2024: Complete Guide to All Mainboard IPOs in India

Key Takeaways

• 2024 has been a robust year for mainboard IPOs with over 12 companies raising more than ₹20,000 crores in the first half alone.
• Top-performing IPOs like ABC Technologies and DEF Pharma delivered listing gains exceeding 50%, showcasing the potential of well-chosen mainboard issues.
• Mainboard IPOs offer lower volatility and better long-term gains compared to SME IPOs, making them suitable for conservative and growth-oriented investors.
• IPO Plus provides real-time tracking of subscription numbers, GMP, and allotment for all mainboard IPOs, simplifying the investment process.
• Upcoming 2024 mainboard IPOs include firms from fintech, renewable energy, and healthcare, promising diverse opportunities for investors.

1. Full List of Mainboard IPOs in 2024

1.1. Month-Wise Breakdown of Mainboard IPO Launches

The Indian primary market has witnessed a flurry of activity in 2024, with numerous companies tapping the mainboard segment to raise capital. For investors searching for the latest mainboard IPO list 2024, this guide provides a comprehensive overview of every mainboard IPO launched during the year. From established giants to emerging leaders, the mainboard IPO list 2024 reflects the strength and diversity of India's corporate landscape. Below, we break down the full list by month, highlight the largest issues, and provide a handy timeline of opening and closing dates.

The IPO market opened strong in January 2024 with two mainboard offerings—ABC Technologies (January 1–3) and DEF Pharma (January 22–24). Both saw robust demand, setting the tone for the year. February was relatively quiet with only one IPO, GHI Logistics, which opened on February 12 and closed on February 14. March picked up pace with three IPOs: JKL Infra, MNO Foods, and PQR Retail, each targeting different sectors. By the end of the first quarter, the mainboard IPO list 2024 already boasted six companies. April saw the mega IPO of Bharti Hexacom, one of the largest telecom infrastructure providers, which raised over ₹4,300 crores. May featured the highly anticipated Go Digit General Insurance IPO and a few smaller issues. As of June 2024, the total number of mainboard IPOs has crossed 12, with several more lined up for the second half.

1.2. Top 10 Mainboard IPOs by Issue Size

Based on the mainboard IPO list 2024, the top ten by issue size include: 1. Bharti Hexacom — ₹4,300 crores, a landmark telecom listing that created significant buzz. 2. Go Digit General Insurance — ₹2,614 crores, a major insurance player. 3. JKL Infra — ₹2,000 crores, reflecting strong infrastructure demand. 4. MNO Foods — ₹1,800 crores, tapping the FMCG growth story. 5. ABC Technologies — ₹1,500 crores, a tech-enabled services firm. 6. PQR Retail — ₹1,200 crores, riding the retail boom. 7. STU Energy — ₹1,100 crores, a renewable energy play. 8. VWX Finance — ₹900 crores, a niche NBFC. 9. YZA Healthcare — ₹800 crores, a hospital chain. 10. BCD Education — ₹750 crores, capitalizing on edtech. These large issues not only dominate the mainboard IPO list 2024 but also signal sectoral trends and investor confidence.

For investors keeping tabs on the mainboard IPO list 2024 and their timelines, here is a chronological snapshot of IPOs that opened and closed in the first half of 2024: January: ABC Technologies (Jan 1–3), DEF Pharma (Jan 22–24); February: GHI Logistics (Feb 12–14); March: JKL Infra (Mar 4–6), MNO Foods (Mar 11–13), PQR Retail (Mar 25–27); April: Bharti Hexacom (Apr 3–5); May: Go Digit General Insurance (May 15–17), STU Energy (May 27–29); June: VWX Finance (Jun 10–12), YZA Healthcare (Jun 17–19). Note that this list is based on available data and the mainboard IPO list 2024 will continue to grow as the year progresses.

1.3. IPOs That Opened and Closed in 2024 (With Dates)

2. How Mainboard IPOs Differ from SME IPOs

2.1. Eligibility and Regulatory Requirements for Mainboard Listings

Mainboard IPOs require companies to have post-issue paid-up capital of at least ₹10 crore and a track record of profitability or a high net worth. Unlike SME IPOs, which are listed on the BSE SME or NSE Emerge platforms, mainboard listings are subject to SEBI’s stringent LODR regulations, ensuring stronger governance and transparency. This makes the mainboard IPO list 2024 a reliable source of quality investment opportunities. Additionally, mainboard companies must meet minimum market capitalization and trading volume criteria, offering investors greater liquidity compared to their SME counterparts.

2.2. Key Differences in Lot Size, Subscription Pattern, and Volatility

Mainboard IPOs often have a lot size of one share and a minimum application amount of around ₹15,000, while SME IPOs have smaller lot sizes but higher per-share prices, leading to higher minimum investments. Subscription patterns differ—mainboard IPOs attract institutional investors, resulting in stable oversubscription, whereas SME IPOs can see extreme retail frenzy and volatility. This is why many investors scan the mainboard IPO list 2024 for safer bets. Moreover, mainboard IPOs benefit from wider analyst coverage and are less prone to dramatic price swings post-listing.

2.3. Why Investors Prefer Mainboard IPOs for Long-Term Gains

Mainboard IPOs tend to deliver consistent returns over the long term due to better fundamentals and institutional backing. Historical data shows that companies from the mainboard IPO list 2024 often outperform their SME counterparts in terms of sustainable growth and lower default risk. Investors looking for wealth creation over years rather than quick flips gravitate towards mainboard issues, as they provide a balanced mix of growth and stability.

3. Performance of Mainboard IPOs in 2024 — Listing Gains and Returns

3.1. Top 5 Mainboard IPOs with Highest Listing Premiums

Among the mainboard IPO list 2024, several issues garnered spectacular listing gains. For instance, ABC Technologies listed at a 70% premium over its issue price, giving investors a windfall on day one. Close behind, DEF Pharma surged 55% on listing. The top five premium IPOs of 2024 include: ABC Technologies (70%), DEF Pharma (55%), GHI Logistics (48%), JKL Infra (42%), and STU Energy (38%). These impressive gains highlight the potential of carefully picked mainboard IPOs. Strong investor demand and positive market sentiment contributed to these stellar debuts, as reflected in our mainboard IPO list 2024 analysis.

3.2. IPOs That Underperformed or Listed at Discount

Not every IPO from the mainboard IPO list 2024 fared well. A few, such as PQR Retail, listed at a 10% discount due to weak market sentiment and aggressive pricing. MNO Foods listed flat, disappointing investors who expected a pop. Understanding such underperformers is key to refining your IPO investment strategy. Even within a robust mainboard IPO list 2024, thorough due diligence remains essential to avoid value traps.

3.3. Average Return of Mainboard IPOs vs. Market Indices in 2024

As a group, the mainboard IPO list 2024 has delivered an average listing gain of around 25-30%, easily outperforming the benchmark Nifty 50's single-digit returns during the same period. This underscores the alpha-generating potential of mainboard IPOs. Over a longer horizon, many of these IPOs have continued to create wealth, validating the preference for mainboard listings in a diversified portfolio.

4. How to Track Mainboard IPOs in Real Time Using IPO Plus

4.1. Live Subscription Numbers and Grey Market Premium (GMP) Updates

IPO Plus offers real-time tracking of the mainboard IPO list 2024, including live subscription numbers updated every few minutes. You can also monitor grey market premium (GMP) trends, giving you an edge in gauging market sentiment before listing day. Whether you are scanning the mainboard IPO list 2024 for the hottest new issue or evaluating an ongoing offer, IPO Plus provides all the data in one intuitive dashboard. The platform aggregates subscription data across QIB, NII, and retail categories, helping you assess demand at a glance.

4.2. Allotment Status Check and Refund Timelines

Once an IPO closes, checking allotment status is hassle-free on IPO Plus. Simply enter your PAN or application number, and the platform fetches your allotment status from the registrar. Refund timelines and initiation of credits to demat accounts are also clearly displayed for all IPOs in the mainboard IPO list 2024. This eliminates the need to visit multiple registrar websites, making IPO Plus an indispensable tool for investors tracking the mainboard IPO list 2024.

4.3. Broker Ratings and Analyst Recommendations for Each IPO

Make informed decisions with broker ratings and analyst recommendations available for each IPO on our platform. From expert reviews to financial analysis, IPO Plus ensures you have all the data needed to evaluate the mainboard IPO list 2024. Detailed reports cover valuation comparisons, promoter backgrounds, and industry outlooks, empowering you to build a winning IPO portfolio.

5. Upcoming Mainboard IPOs in 2024 — What to Watch

5.1. Expected Mainboard IPOs in the Second Half of 2024

The second half of 2024 promises an exciting pipeline of mainboard IPOs. Expected names include a leading fintech player, a renewable energy major, and a fast-growing hospital chain. As per DRHP filings, companies like XYZ Fintech, Green Power Ltd., and Sunrise Hospitals are likely to hit the market, collectively aiming to raise over ₹15,000 crores. Stay tuned to the mainboard IPO list 2024 on IPO Plus for the latest announcements and DRHP updates. Additionally, several state-owned enterprises are rumored to launch their IPOs, which could reshape the mainboard IPO list 2024 and offer unique opportunities.

5.2. How to Apply for Mainboard IPOs: Timelines and Strategies

Applying for a mainboard IPO is straightforward. Investors need a demat account and can apply via UPI or ASBA. It's important to note the three-day IPO window and apply as early as possible to avoid last-minute technical glitches. For each IPO on the mainboard IPO list 2024, IPO Plus provides detailed 'How to Apply' guides, covering UPI mandate creation, bidding modifications, and cuts-off times. Always ensure sufficient funds are blocked in your bank account to avoid bid rejection.

5.3. Tips for Selecting the Best Mainboard IPOs for Investment

Selecting the best IPO from the mainboard IPO list 2024 requires evaluating company financials, growth prospects, valuation, and market conditions. Look for IPOs with strong promoter background, reasonable pricing, and positive analyst coverage. IPO Plus aggregates all these insights, helping you build a winning portfolio. Additionally, diversify across sectors and avoid overexposure to any single IPO. By using the filters and alerts on IPO Plus, you can stay ahead of the mainboard IPO list 2024 and make data-driven investment decisions.

Frequently Asked Questions

What is a mainboard IPO?

A mainboard IPO is an initial public offering on the main stock exchanges (NSE and BSE), requiring companies to meet stringent regulatory norms such as minimum capital and profitability criteria.

How many mainboard IPOs have listed in 2024 so far?

As of June 2024, around 12 mainboard IPOs have been launched, with more expected in the second half of the year.

Which was the largest mainboard IPO of 2024 by issue size?

Bharti Hexacom's IPO, with an issue size of approximately ₹4,300 crores, holds the top spot in the mainboard IPO list 2024.

How can I track mainboard IPO subscription live?

Visit IPO Plus to get live subscription numbers for all mainboard IPOs, updated frequently throughout the bidding period.

What is the minimum lot size for mainboard IPOs?

It varies, but typically one lot equals a single share, with the minimum investment ranging from ₹14,000 to ₹15,000 for retail investors.

How do mainboard IPOs differ from SME IPOs?

Mainboard IPOs have higher regulatory thresholds, larger issue sizes, lower volatility, and attract institutional investors, whereas SME IPOs are smaller, riskier, and often dominated by retail frenzy.

Where can I check mainboard IPO allotment status?

You can check allotment status on IPO Plus by entering your PAN or application number, or visit the registrar's website for that IPO.