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IPO Listing Gains by Year

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303 IPOs listed on NSE and BSE in 2026 as of 5 Nov 2026: 116 mainboard and 187 SME. Across them, the average listing-day gain was +12.61% (median +2.96%), and 180 of the 301 IPOs with a listing price (59.8%) listed above their issue price.

135 of the 300 IPOs with a current price (45.0%) traded below their issue price at the close of 4 Nov 2026, 47 of them after listing above it. The median return since issue is +4.73%; 36 have doubled or more and 41 have lost half or more.

Listing gains, year by year

Every mainboard and SME IPO listed on NSE or BSE. Open a year for every issue, filters for mainboard and SME, and which IPOs trade below their issue price.

YearIPOsMedian gainAverage gainListed above issue
2026 YTD303+2.96%+12.61%59.8%
2025 377+3.52%+10.56%62.9%
2024 341+30.91%+49.05%85.0%
2023 240+14.46%+32.46%79.6%
2022 148+7.22%+23.95%75.7%
2021 122+4.73%+23.31%73.0%
2020 47+1.40%+13.73%63.8%
2019 65+1.39%+5.07%63.1%
2018 168+1.67%+4.38%67.7%

Frequently asked questions

How did IPOs perform on listing day in 2026?
303 IPOs listed on NSE and BSE in 2026 as of 5 Nov 2026: 116 mainboard and 187 SME. Across them, the average listing-day gain was +12.61% (median +2.96%), and 180 of the 301 IPOs with a listing price (59.8%) listed above their issue price.
How many 2026 IPOs are trading below their issue price?
135 of the 300 IPOs with a current price (45.0%) traded below their issue price at the close of 4 Nov 2026, 47 of them after listing above it. The median return since issue is +4.73%; 36 have doubled or more and 41 have lost half or more.
How is the listing-day gain calculated?
Listing-day gain is the listing price (the price at which the shares opened on their first trading day) over the final issue price. The current price is the latest close; the return since issue is adjusted for any split or bonus after listing.
Why do so many SME IPOs list at exactly +90% or −20%?
On listing day an SME issue opens through a pre-open call auction whose price may be at most 90% above the issue price (NSE from July 2024, BSE likewise) and, since 2025, at most 20% below it. Rows that opened exactly at a limit are marked "SME cap" or "SME floor".
What does the IPO listing-gains report cover?
Listing-day performance of Indian IPOs by year: average and median listing gain, how many listed above issue, mainboard against SME, and every issue's prices.
Is this investment advice?
Past listing-day performance says nothing about how a future IPO will list or trade. This is historical data, not investment advice and not a recommendation to apply for, buy or sell any security. Tapetide is not a SEBI-registered research analyst or investment adviser.