IPO Listing Gains in 2018
Final for 2018: every mainboard and SME IPO that listed in the year.
- IPOs listed
- 168
- 24 mainboard · 144 SME
- Median listing gain
- +1.67%
- average +4.38%
- Listed above issue
- 67.7%
- 113 above · 13 at · 41 below
- Trading below issue now
- 33
- 31.7% of 104 priced
- Median return since issue
- +75.21%
- 47 doubled · 21 halved
168 IPOs listed on NSE and BSE in 2018: 24 mainboard and 144 SME. Across them, the average listing-day gain was +4.38% (median +1.67%), and 113 of the 167 IPOs with a listing price (67.7%) listed above their issue price.
33 of the 104 IPOs with a current price (31.7%) traded below their issue price at the close of 4 Nov 2026, 21 of them after listing above it. The median return since issue is +75.21%; 47 have doubled or more and 21 have lost half or more.
Trading below issue: IPOs listed in 2018
Showing 33 of 168 · latest listing 31 Dec 2018
| IPO | Listed | Issue price | Listing price | Listing gain | Current price | Since issue |
|---|---|---|---|---|---|---|
| Deccan Health Care SME | 31 Dec 2018 | ₹100.00 | ₹108.00 | +8.00% | ₹12.00 | −88.00% |
| Diksha Greens SME | 5 Dec 2018 | ₹30.00 | ₹36.20 | +20.67% | ₹1.46 | −95.13% |
| Shubhlaxmi Jewel Art SME | 4 Dec 2018 | ₹26.00 | ₹27.10 | +4.23% | ₹19.25 | −25.96% |
| Shree Krishna Infrastructure SME | 3 Dec 2018 | ₹13.00 | ₹12.35 | −5.00% | ₹8.74 | −32.77% |
| S.M. Gold SME | 19 Oct 2018 | ₹30.00 | ₹30.60 | +2.00% | ₹13.77 | −31.15% |
| Innovative Ideals and Services India SME | 5 Oct 2018 | ₹40.00 | ₹43.00 | +7.50% | ₹17.32 | −56.70% |
| Ahlada Engineers SME | 27 Sep 2018 | ₹150.00 | ₹141.00 | −6.00% | ₹36.28 | −75.81% |
| AKG Exim SME | 25 Sep 2018 | ₹31.00 | ₹32.25 | +4.03% | ₹9.15 | −52.77% |
| Add-Shop E-Retail SME | 10 Sep 2018 | ₹26.00 | ₹28.20 | +8.46% | ₹5.59 | −36.04% |
| Raconteur Global Resources SME | 31 Jul 2018 | ₹80.00 | ₹80.00 | 0.00% | ₹9.66 | −87.93% |
| Raw Edge Industrial Solutions SME | 18 Jul 2018 | ₹72.00 | ₹72.10 | +0.14% | ₹13.27 | −77.88% |
| Jakharia Fabric SME | 11 Jul 2018 | ₹180.00 | ₹181.35 | +0.75% | ₹56.00 | −6.67% |
| Varroc Engineering Mainboard | 6 Jul 2018 | ₹967.00 | ₹1,032.00 | +6.72% | ₹779.15 | −19.43% |
| Waa Solar SME | 12 Jun 2018 | ₹161.00 | ₹158.00 | −1.86% | ₹41.00 | −49.07% |
| U. H. Zaveri SME | 22 May 2018 | ₹36.00 | ₹27.00 | −25.00% | ₹6.31 | −70.79% |
| Indostar Capital Finance Mainboard | 21 May 2018 | ₹572.00 | ₹600.00 | +4.90% | ₹190.77 | −66.65% |
| Milestone Furniture SME | 21 May 2018 | ₹45.00 | ₹45.00 | 0.00% | ₹26.27 | −41.62% |
| Dhruv Consultancy Services SME | 10 May 2018 | ₹54.00 | ₹53.40 | −1.11% | ₹19.01 | −64.80% |
| Dr Lalchandani Labs SME | 9 May 2018 | ₹30.00 | ₹29.95 | −0.17% | ₹6.66 | −77.80% |
| Continental Seeds and Chemicals SME | 4 Apr 2018 | ₹26.00 | ₹26.00 | 0.00% | ₹9.85 | −24.23% |
| Benara Bearings & Pistons SME | 3 Apr 2018 | ₹63.00 | ₹64.00 | +1.59% | ₹9.25 | −85.32% |
| Bandhan Bank Mainboard | 27 Mar 2018 | ₹375.00 | ₹485.00 | +29.33% | ₹157.86 | −57.90% |
| Uniinfo Telecom Services SME | 15 Mar 2018 | ₹55.00 | ₹56.00 | +1.82% | ₹10.58 | −80.76% |
| Angel Fibers SME | 6 Mar 2018 | ₹27.00 | ₹28.50 | +5.56% | ₹11.50 | −57.41% |
| Tasty Dairy Specialities SME | 21 Feb 2018 | ₹45.00 | ₹50.75 | +12.78% | ₹3.28 | −92.71% |
| Mohini Health & Hygiene SME | 16 Feb 2018 | ₹42.00 | ₹50.40 | +20.00% | ₹25.65 | −38.93% |
| A and M Jumbo Bags SME | 12 Feb 2018 | ₹65.00 | — | — | ₹9.65 | −80.21% |
| Gujarat Hy-Spin SME | 8 Feb 2018 | ₹10.00 | ₹10.35 | +3.50% | ₹9.87 | −1.30% |
| Gautam Gems SME | 7 Feb 2018 | ₹36.00 | ₹34.15 | −5.14% | ₹3.21 | −83.65% |
| Vasa Retail and Overseas SME | 6 Feb 2018 | ₹30.00 | ₹36.00 | +20.00% | ₹3.50 | −88.33% |
| Ashoka Metcast SME | 5 Feb 2018 | ₹20.00 | ₹16.00 | −20.00% | ₹14.13 | −29.35% |
| Silly Monks Entertainment SME | 18 Jan 2018 | ₹120.00 | ₹144.00 | +20.00% | ₹17.78 | −67.40% |
| Jhandewalas Foods SME | 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 IPOs listed
Listing-day gain of the 167 issues with a listing price, in fixed bands.
- −20% or worse 4 2.4%
- −20% to −10% 7 4.2%
- −10% to 0% 30 18.0%
- At issue price 13 7.8%
- 0% to 10% 84 50.3%
- 10% to 25% 20 12.0%
- 25% to 50% 6 3.6%
- 50% to 90% 3 1.8%
- 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% |
| All IPOs | 168 | +4.38% | +1.67% | 113 / 13 / 41 | 67.7% |
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 | 11 | +19.49% | +20.00% | 9 of 11 |
| Feb 2018 | 20 | +3.57% | +2.00% | 10 of 19 |
| Mar 2018 | 19 | +1.45% | +0.21% | 11 of 19 |
| Apr 2018 | 26 | +2.31% | +1.16% | 16 of 26 |
| May 2018 | 14 | +3.28% | +0.32% | 7 of 14 |
| Jun 2018 | 13 | +5.30% | +4.75% | 10 of 13 |
| Jul 2018 | 13 | +1.85% | +0.75% | 11 of 13 |
| Aug 2018 | 7 | +7.59% | +0.43% | 4 of 7 |
| Sep 2018 | 13 | +1.33% | +0.37% | 7 of 13 |
| Oct 2018 | 25 | +4.85% | +2.00% | 22 of 25 |
| Dec 2018 | 7 | +4.42% | +2.56% | 6 of 7 |
Highest listing-day gains
| IPO | Listed | Issue price | Listing price | Listing gain |
|---|---|---|---|---|
| Apollo Micro Systems Mainboard | 22 Jan 2018 | ₹275.00 | ₹478.00 | +73.82% |
| HDFC Asset Management Company Mainboard | 6 Aug 2018 | ₹1,100.00 | ₹1,739.00 | +58.09% |
| 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% |
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% |
| Karda Constructions Mainboard | 2 Apr 2018 | ₹180.00 | ₹136.00 | −24.44% |
| 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% |
| ICICI Securities Mainboard | 4 Apr 2018 | ₹520.00 | ₹431.10 | −17.10% |
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% |
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?
168 IPOs listed on NSE and BSE in 2018: 24 mainboard and 144 SME. Across them, the average listing-day gain was +4.38% (median +1.67%), and 113 of the 167 IPOs with a listing price (67.7%) listed above their issue price.
How many 2018 IPOs are trading below their issue price?
33 of the 104 IPOs with a current price (31.7%) traded below their issue price at the close of 4 Nov 2026, 21 of them after listing above it. The median return since issue is +75.21%; 47 have doubled or more and 21 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