The 2024 Hurun India Rich List has welcomed several new entrants, all of whom have seen their wealth surge due to successful initial public offerings (IPOs) of their companies.
Leading the list this year is Gautam Adani and family, who experienced an astounding 95 per cent surge in wealth, totaling Rs 1,161,800 crore. Mukesh Ambani follows closely in second place with a wealth of Rs 1,014,700 crore.
Amit Saraf and Family Debut with Rs 3,600 Crore Wealth
Amit Saraf, 51, along with his family, made a significant entry into the list, amassing a wealth of Rs 3,600 crore. This financial milestone is largely attributed to the successful IPO of Juniper Hotels, a company focused on developing and owning luxury hotels across India.
Cello World Promoters Enter Rich List After IPO Success
Stationery giant Cello World made a strong debut in the stock market with a 28 per cent premium, leading to the inclusion of its promoters, Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod, both aged 57, on the Hurun India Rich List. Their individual wealth now stands at Rs 9,700 crore and Rs 6,800 crore, respectively.
Arun Kumar Gupta & Family Join List Following Bansal Wire's Stock Market Debut
Arun Kumar Gupta, 66, along with his family, has entered the 2024 Hurun India Rich List with a wealth of Rs 1,500 crore. Their financial success comes on the back of Bansal Wire’s strong stock market debut, where shares surged by 39 per cent. The company is a leading manufacturer and exporter of steel wires in India.
Stanley Lifestyles' IPO Boosts Sunil Suresh & Family's Wealth
Sunil Suresh, 58, and his family have made their debut on the Hurun India Rich List with a wealth of Rs 2,200 crore. This achievement is linked to the impressive market entry of Stanley Lifestyles, a key player in India’s furniture industry, whose shares debuted at a 34 per cent premium over the issue price of Rs 369 per share.
TBO TEK Founders Enter Rich List After Highly Successful IPO
Gaurav Bhatnagar, 45, and Ankush Nijhawan, 46, have secured their spots on the list with wealth of Rs 3,800 crore and Rs 2,400 crore, respectively. Their company, TBO TEK, a global travel distribution platform, witnessed a highly successful IPO, which was oversubscribed by 90 times.
Krishan Lalit Bansal & Family Debut on List After DEE Development Engineers' Strong Market Entry
Krishan Lalit Bansal, 69, and his family have entered the Hurun India Rich List with a wealth of Rs 1,700 crore. Their inclusion comes after DEE Development Engineers, a company specialising in process piping solutions, saw its shares debut with a 67 per cent premium over the IPO price.
Anant Nahata & Family Join Rich List Following Exicom Tele-Systems' IPO
Anant Nahata, 40, and his family have made it onto the Hurun India Rich List with a wealth of Rs 3,400 crore. This financial leap is credited to the remarkable IPO of Exicom Tele-Systems, a power management solutions provider, which saw its shares list at an impressive 86.6 per cent premium.
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