IPOs Under 100Rs for High Return in 2024

Investing in IPOs (Initial Public Offerings) under 100 Rs for high returns in 2024 can be a speculative strategy, as IPOs can be volatile and risky. 

However, if you're looking for potential opportunities, here are some steps you can take:

Research: Look for upcoming IPOs in 2024 that are priced under 100 Rs. 

You can find this information through financial news websites, IPO tracking websites, or through your stockbroker.

Company Background: Once you identify potential IPOs, research the background of the company.

Look into their business model, revenue, profitability, growth potential, industry trends, and competition. T

his will help you understand if the company has the potential for long-term success.

Prospectus Review: The IPO prospectus is a document provided by the company that outlines its business model,

financials, risks, and future plans. Review this document thoroughly to make an informed decision.

Market Conditions: Consider the overall market conditions. A bullish market can often be more favorable for IPOs.

Look at the broader economic trends, interest rates, and investor sentiment.

Financial Health: Check the financial health of the company. Look at metrics such as revenue growth, profit margins, debt levels, and cash flow. 

Companies with strong financials are usually better positioned for growth.

Management Team: Evaluate the management team. Experienced and credible management can steer the company in the right direction.

Allotment Process: Understand the allotment process for the IPO. Sometimes, oversubscribed IPOs can lead to a lottery system for allotment.

Risk Management: Since IPOs can be volatile, it's essential to manage your risk. Consider diversifying your portfolio and not investing a significant portion of your capital in a single IPO.