Top Gainers in the Unlisted Market of 2024

30 December 2024

The unlisted sector has emerged as an exciting segment of the financial markets, providing investors with opportunities to be part of the growth firms prior to their public listings. In recent years, this sector has experienced considerable activity, propelled by an increase in private equity investments, venture capital funding, and strategic buyouts.

The Primex 40 Index, which tracks the performance of the top 40 unlisted companies across different sectors, attained an impressive 49% return in 2024, significantly exceeding the 20% growth noted by the Nifty 500 Multicap 50:25:25 index.

Investors have progressively shifted their attention to the unlisted segment, acknowledging its potential for delivering exceptional returns relative to conventional investment options.

• Companies like Inox Leasing and Finance gained significant market recognition, realizing an impressive 17X return, whereas companies such as Goa Shipyard and Hindustan Engineering demonstrated noteworthy growth with returns of 9X and 5.5X, respectively.
  
  
• The unlisted market in 2024 saw substantial growth, as companies delivered outstanding returns, greatly exceeding those of the listed equity market. Prominent players consist of Axles India, which jumped by 220%, Orbis Financial Services (211%), Manjushree Technopack (210%), and Utkarsh CoreInvest (114%).
  

Unlisted investments have emerged as a route for astute investors to engage in early-stage or niche growth opportunities. As companies prioritize expanding operations, diversifying revenue sources, and enhancing profitability, the unlisted market is rapidly being acknowledged as a high-yield, high-potential investment category. As we conclude 2024, these success narratives emphasize the vital importance of unlisted shares in influencing the future of India’s investment landscape.