IPO Listing Gains in 2018
Final for 2018: every mainboard and SME IPO that listed in the year.
- IPOs listed
- 144
- — raised
- Median listing gain
- +1.67%
- average +4.23%
- Listed above issue
- 70.6%
- 101 above · 12 at · 30 below
- Trading below issue now
- 30
- 34.9% of 86 priced
- Median return since issue
- +61.23%
- 36 doubled · 19 halved
144 SME IPOs listed on NSE and BSE in 2018. Across them, the average listing-day gain was +4.23% (median +1.67%), and 101 of the 143 IPOs with a listing price (70.6%) listed above their issue price.
30 of the 86 SME IPOs with a current price (34.9%) traded below their issue price at the close of 4 Nov 2026, 18 of them after listing above it. The median return since issue is +61.23%; 36 have doubled or more and 19 have lost half or more.
Trading below issue: SME IPOs listed in 2018
Showing 30 of 144 · latest listing 31 Dec 2018
| IPO | Listed | Issue price | Listing price | Listing gain | Current price | Since issue |
|---|---|---|---|---|---|---|
| Deccan Health Care | 31 Dec 2018 | ₹100.00 | ₹108.00 | +8.00% | ₹12.00 | −88.00% |
| Diksha Greens | 5 Dec 2018 | ₹30.00 | ₹36.20 | +20.67% | ₹1.46 | −95.13% |
| Shubhlaxmi Jewel Art | 4 Dec 2018 | ₹26.00 | ₹27.10 | +4.23% | ₹19.25 | −25.96% |
| Shree Krishna Infrastructure | 3 Dec 2018 | ₹13.00 | ₹12.35 | −5.00% | ₹8.74 | −32.77% |
| S.M. Gold | 19 Oct 2018 | ₹30.00 | ₹30.60 | +2.00% | ₹13.77 | −31.15% |
| Innovative Ideals and Services India | 5 Oct 2018 | ₹40.00 | ₹43.00 | +7.50% | ₹17.32 | −56.70% |
| Ahlada Engineers | 27 Sep 2018 | ₹150.00 | ₹141.00 | −6.00% | ₹36.28 | −75.81% |
| AKG Exim | 25 Sep 2018 | ₹31.00 | ₹32.25 | +4.03% | ₹9.15 | −52.77% |
| Add-Shop E-Retail | 10 Sep 2018 | ₹26.00 | ₹28.20 | +8.46% | ₹5.59 | −36.04% |
| Raconteur Global Resources | 31 Jul 2018 | ₹80.00 | ₹80.00 | 0.00% | ₹9.66 | −87.93% |
| Raw Edge Industrial Solutions | 18 Jul 2018 | ₹72.00 | ₹72.10 | +0.14% | ₹13.27 | −77.88% |
| Jakharia Fabric | 11 Jul 2018 | ₹180.00 | ₹181.35 | +0.75% | ₹56.00 | −6.67% |
| Waa Solar | 12 Jun 2018 | ₹161.00 | ₹158.00 | −1.86% | ₹41.00 | −49.07% |
| U. H. Zaveri | 22 May 2018 | ₹36.00 | ₹27.00 | −25.00% | ₹6.31 | −70.79% |
| Milestone Furniture | 21 May 2018 | ₹45.00 | ₹45.00 | 0.00% | ₹26.27 | −41.62% |
| Dhruv Consultancy Services | 10 May 2018 | ₹54.00 | ₹53.40 | −1.11% | ₹19.01 | −64.80% |
| Dr Lalchandani Labs | 9 May 2018 | ₹30.00 | ₹29.95 | −0.17% | ₹6.66 | −77.80% |
| Continental Seeds and Chemicals | 4 Apr 2018 | ₹26.00 | ₹26.00 | 0.00% | ₹9.85 | −24.23% |
| Benara Bearings & Pistons | 3 Apr 2018 | ₹63.00 | ₹64.00 | +1.59% | ₹9.25 | −85.32% |
| Uniinfo Telecom Services | 15 Mar 2018 | ₹55.00 | ₹56.00 | +1.82% | ₹10.58 | −80.76% |
| Angel Fibers | 6 Mar 2018 | ₹27.00 | ₹28.50 | +5.56% | ₹11.50 | −57.41% |
| Tasty Dairy Specialities | 21 Feb 2018 | ₹45.00 | ₹50.75 | +12.78% | ₹3.28 | −92.71% |
| Mohini Health & Hygiene | 16 Feb 2018 | ₹42.00 | ₹50.40 | +20.00% | ₹25.65 | −38.93% |
| A and M Jumbo Bags | 12 Feb 2018 | ₹65.00 | — | — | ₹9.65 | −80.21% |
| Gujarat Hy-Spin | 8 Feb 2018 | ₹10.00 | ₹10.35 | +3.50% | ₹9.87 | −1.30% |
| Gautam Gems | 7 Feb 2018 | ₹36.00 | ₹34.15 | −5.14% | ₹3.21 | −83.65% |
| Vasa Retail and Overseas | 6 Feb 2018 | ₹30.00 | ₹36.00 | +20.00% | ₹3.50 | −88.33% |
| Ashoka Metcast | 5 Feb 2018 | ₹20.00 | ₹16.00 | −20.00% | ₹14.13 | −29.35% |
| Silly Monks Entertainment | 18 Jan 2018 | ₹120.00 | ₹144.00 | +20.00% | ₹17.78 | −67.40% |
| Jhandewalas Foods | 12 Jan 2018 | ₹55.00 | ₹66.00 | +20.00% | ₹20.22 | −63.24% |
Listing price is the opening price on listing day. Current price is the latest close (4 Nov 2026); since issue is adjusted for any later split or bonus. Click a column to sort.
How 2018 SME IPOs listed
Listing-day gain of the 143 issues with a listing price, in fixed bands.
- −20% or worse 3 2.1%
- −20% to −10% 3 2.1%
- −10% to 0% 24 16.8%
- At issue price 12 8.4%
- 0% to 10% 77 53.8%
- 10% to 25% 19 13.3%
- 25% to 50% 4 2.8%
- 50% to 90% 1 0.7%
- 90% or more 0 0.0%
Mainboard vs SME IPO listing gains
Mainboard: 24 listings, average +5.26%, median +1.35%, 50.0% above issue price. SME: 144 listings, average +4.23%, median +1.67%, 70.6% above issue price.
| Segment | Listed | Average gain | Median gain | Above / at / below issue | Above issue |
|---|---|---|---|---|---|
| Mainboard | 24 | +5.26% | +1.35% | 12 / 1 / 11 | 50.0% |
| SME | 144 | +4.23% | +1.67% | 101 / 12 / 30 | 70.6% |
| SME | 144 | +4.23% | +1.67% | 101 / 12 / 30 | 70.6% |
Listing gains by month
By listing date. Averages cover issues with a recorded listing price.
| Month | Listed | Average gain | Median gain | Above issue |
|---|---|---|---|---|
| Jan 2018 | 8 | +12.49% | +20.00% | 6 of 8 |
| Feb 2018 | 18 | +4.08% | +2.00% | 9 of 17 |
| Mar 2018 | 15 | +1.19% | +1.32% | 10 of 15 |
| Apr 2018 | 21 | +4.33% | +1.25% | 14 of 21 |
| May 2018 | 13 | +3.15% | 0.00% | 6 of 13 |
| Jun 2018 | 13 | +5.30% | +4.75% | 10 of 13 |
| Jul 2018 | 9 | +1.19% | +0.61% | 8 of 9 |
| Aug 2018 | 5 | +0.76% | +0.43% | 3 of 5 |
| Sep 2018 | 12 | +2.58% | +2.20% | 7 of 12 |
| Oct 2018 | 23 | +6.12% | +2.22% | 22 of 23 |
| Dec 2018 | 7 | +4.42% | +2.56% | 6 of 7 |
Highest listing-day gains
| IPO | Listed | Issue price | Listing price | Listing gain |
|---|---|---|---|---|
| Sun Retail SME | 16 Oct 2018 | ₹23.00 | ₹36.00 | +56.52% |
| E2E Networks SME | 15 May 2018 | ₹57.00 | ₹85.00 | +49.12% |
| Mahickra Chemicals SME | 26 Apr 2018 | ₹25.00 | ₹35.00 | +40.00% |
| Rajnandini Metal SME | 8 Oct 2018 | ₹26.00 | ₹35.00 | +34.62% |
| Palm Jewels SME | 12 Jun 2018 | ₹30.00 | ₹37.50 | +25.00% |
Lowest listing-day gains
| IPO | Listed | Issue price | Listing price | Listing gain |
|---|---|---|---|---|
| U. H. Zaveri SME | 22 May 2018 | ₹36.00 | ₹27.00 | −25.00% |
| CRP Risk Management SME | 31 Jan 2018 | ₹60.00 | ₹48.00 | −20.00% |
| Ashoka Metcast SME | 5 Feb 2018 | ₹20.00 | ₹16.00 | −20.00% |
| Solex Energy SME | 5 Feb 2018 | ₹52.00 | ₹43.50 | −16.35% |
| Tara Chand Logistic Solutions SME | 23 Mar 2018 | ₹55.00 | ₹49.00 | −10.91% |
Highest return since issue
| IPO | Listed | Issue price | Current price | Since issue |
|---|---|---|---|---|
| Sky Gold SME | 3 Oct 2018 | ₹180.00 | ₹927.20 | +10,202.22% |
| Spectrum Electrical Industries SME | 1 Oct 2018 | ₹65.00 | ₹4,257.90 | +6,450.62% |
| Marine Electricals (India) SME | 11 Oct 2018 | ₹66.00 | ₹446.25 | +3,280.68% |
| Yasho Industries SME | 2 Apr 2018 | ₹100.00 | ₹3,310.00 | +3,210.00% |
| Shree Vasu Logistics SME | 4 Jun 2018 | ₹45.00 | ₹755.15 | +2,417.17% |
Lowest return since issue
| IPO | Listed | Issue price | Current price | Since issue |
|---|---|---|---|---|
| Diksha Greens SME | 5 Dec 2018 | ₹30.00 | ₹1.46 | −95.13% |
| Tasty Dairy Specialities SME | 21 Feb 2018 | ₹45.00 | ₹3.28 | −92.71% |
| Vasa Retail and Overseas SME | 6 Feb 2018 | ₹30.00 | ₹3.50 | −88.33% |
| Deccan Health Care SME | 31 Dec 2018 | ₹100.00 | ₹12.00 | −88.00% |
| Raconteur Global Resources SME | 31 Jul 2018 | ₹80.00 | ₹9.66 | −87.93% |
SME IPO listing gains, year by year
Listing-day figures for every year covered. The current year runs to date.
Methodology
- Covers every IPO whose shares were listed on NSE or BSE between 1 Jan 2018 and 31 Dec 2018, mainboard and SME, one row per issue. An issue listed on both exchanges counts once.
- 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.
- Averages, medians and the share above issue price cover issues with a recorded listing price; an issue without one is counted in the listings total but not in the averages.
- Mainboard and SME are the two exchange segments; together they make up the total. An issue withdrawn before listing (no shares allotted or traded) is not counted, even if a listing date had been announced.
- Issue size is the total offer in ₹ crore as disclosed. Subscription is the overall times subscribed at the close of bidding; it is recorded for issues from 2026.
- Trading below issue counts issues whose latest close, adjusted for any later split or bonus, is under the issue price. An issue with no close in the last 30 days (suspended, or migrated) has no current price and is left out of those counts.
Frequently asked questions
How did IPOs perform on listing day in 2018?
144 SME IPOs listed on NSE and BSE in 2018. Across them, the average listing-day gain was +4.23% (median +1.67%), and 101 of the 143 IPOs with a listing price (70.6%) listed above their issue price.
How many 2018 IPOs are trading below their issue price?
30 of the 86 SME IPOs with a current price (34.9%) traded below their issue price at the close of 4 Nov 2026, 18 of them after listing above it. The median return since issue is +61.23%; 36 have doubled or more and 19 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.
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.
By Sanjay Mehta, Research lead How we research these reports