IPO Listing Gains in 2021
Final for 2021: every mainboard and SME IPO that listed in the year.
- IPOs listed
- 56
- ₹797 Cr raised
- Median listing gain
- +2.70%
- average +15.09%
- Listed above issue
- 76.8%
- 43 above · 3 at · 10 below
- Trading below issue now
- 16
- 32.7% of 49 priced
- Median return since issue
- +130.37%
- 29 doubled · 6 halved
56 SME IPOs listed on NSE and BSE in 2021. Across them, the average listing-day gain was +15.09% (median +2.70%), and 43 of the 56 IPOs with a listing price (76.8%) listed above their issue price.
16 of the 49 SME IPOs with a current price (32.7%) traded below their issue price at the close of 4 Nov 2026, 10 of them after listing above it. The median return since issue is +130.37%; 29 have doubled or more and 6 have lost half or more.
Trading above issue: SME IPOs listed in 2021
Showing 33 of 56 · latest listing 31 Dec 2021
| IPO | Listed | Issue price | Listing price | Listing gain | Current price | Since issue |
|---|---|---|---|---|---|---|
| Vivo Collaboration SME | 31 Dec 2021 | ₹82.00 | ₹355.10 | +333.05% | ₹164.75 | +100.91% |
| Clara Industries SME | 29 Dec 2021 | ₹43.00 | ₹43.20 | +0.47% | ₹31.44 | +265.58% |
| Foce India SME | 28 Dec 2021 | ₹225.00 | ₹225.00 | 0.00% | ₹575.00 | +513.33% |
| Eurobond SME | 24 Dec 2021 | ₹70.00 | ₹70.00 | 0.00% | ₹144.20 | +106.00% |
| Nupur Recyclers SME | 23 Dec 2021 | ₹60.00 | ₹74.00 | +23.33% | ₹170.09 | +835.50% |
| DMR Hydroengineering SME | 7 Dec 2021 | ₹21.00 | ₹25.00 | +19.05% | ₹33.50 | +314.76% |
| Suyog Gurbaxani Funicular Ropeways SME | 16 Nov 2021 | ₹45.00 | ₹45.45 | +1.00% | ₹82.00 | +82.22% |
| CWD Limited SME | 13 Oct 2021 | ₹180.00 | ₹180.90 | +0.50% | ₹255.55 | +609.86% |
| Destiny Logistics & Infra SME | 13 Oct 2021 | ₹20.00 | ₹20.70 | +3.50% | ₹95.65 | +378.25% |
| Dynamic Services & Security SME | 13 Oct 2021 | ₹51.00 | ₹53.00 | +3.92% | ₹119.40 | +134.12% |
| Bombay Metrics Supply Chain SME | 12 Oct 2021 | ₹93.00 | ₹98.30 | +5.70% | ₹45.55 | +291.83% |
| Promax Power SME | 12 Oct 2021 | ₹10.00 | ₹11.00 | +10.00% | ₹14.20 | +184.00% |
| Shri Venkatesh Refineries SME | 11 Oct 2021 | ₹40.00 | ₹42.00 | +5.00% | ₹728.90 | +3,544.50% |
| Jainam Ferro Alloys SME | 8 Oct 2021 | ₹70.00 | ₹73.00 | +4.29% | ₹173.00 | +147.14% |
| Markolines Traffic Controls SME | 27 Sep 2021 | ₹78.00 | ₹62.20 | −20.26% | ₹179.69 | +130.37% |
| Prevest Denpro SME | 27 Sep 2021 | ₹84.00 | ₹180.55 | +114.94% | ₹400.00 | +376.19% |
| BEW Engineering SME | 16 Sep 2021 | ₹58.00 | ₹127.60 | +120.00% | ₹43.15 | +197.59% |
| PlatinumOne Business Services SME | 16 Sep 2021 | ₹92.00 | ₹99.95 | +8.64% | ₹140.00 | +52.17% |
| Naapbooks SME | 15 Sep 2021 | ₹74.00 | ₹77.00 | +4.05% | ₹152.10 | +516.62% |
| Network People Services Technologies SME | 10 Aug 2021 | ₹80.00 | ₹83.95 | +4.94% | ₹1,732.10 | +6,395.38% |
| Rex Pipes and Cables SME | 10 Aug 2021 | ₹26.00 | ₹26.70 | +2.69% | ₹152.65 | +487.12% |
| Gretex Corporate Services SME | 9 Aug 2021 | ₹170.00 | ₹172.00 | +1.18% | ₹784.50 | +7,791.15% |
| Focus Business Solution SME | 13 Jul 2021 | ₹19.00 | ₹29.35 | +54.47% | ₹313.00 | +4,585.12% |
| Times Green Energy SME | 30 Jun 2021 | ₹61.00 | ₹61.40 | +0.66% | ₹64.01 | +109.87% |
| Rajeshwari Cans SME | 15 Apr 2021 | ₹20.00 | ₹20.75 | +3.75% | ₹15.48 | +54.80% |
| V-Marc India SME | 9 Apr 2021 | ₹39.00 | ₹46.50 | +19.23% | ₹324.85 | +732.95% |
| EKI Energy Services SME | 7 Apr 2021 | ₹102.00 | ₹140.00 | +37.25% | ₹74.76 | +193.18% |
| Siddhika Coatings SME | 7 Apr 2021 | ₹57.00 | ₹55.00 | −3.51% | ₹199.50 | +600.00% |
| NIKS Technology SME | 31 Mar 2021 | ₹201.00 | ₹202.10 | +0.55% | ₹405.85 | +101.92% |
| Knowledge Marine & Engineering Works | 22 Mar 2021 | ₹37.00 | ₹38.00 | +2.70% | ₹3,329.90 | +17,899.46% |
| Pavna Industries | 9 Mar 2021 | ₹165.00 | ₹165.60 | +0.36% | ₹12.63 | +53.09% |
| Party Cruisers SME | 5 Mar 2021 | ₹51.00 | ₹54.00 | +5.88% | ₹92.00 | +260.78% |
| MRP Agro SME | 18 Feb 2021 | ₹40.00 | ₹39.75 | −0.63% | ₹91.00 | +582.50% |
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 2021 SME IPOs listed
Listing-day gain of the 56 issues with a listing price, in fixed bands.
- −20% or worse 2 3.6%
- −20% to −10% 0 0.0%
- −10% to 0% 8 14.3%
- At issue price 3 5.4%
- 0% to 10% 32 57.1%
- 10% to 25% 5 8.9%
- 25% to 50% 1 1.8%
- 50% to 90% 2 3.6%
- 90% or more 3 5.4%
Listing gains by issue size
Total offer as disclosed.
| Issue size | IPOs | Median listing gain | Listed above issue | Now below issue |
|---|---|---|---|---|
| Under ₹50 Cr | 54 | +3.10% | 77.8% | 14 of 47 |
| ₹50 Cr to ₹250 Cr | 2 | −0.40% | 50.0% | 2 of 2 |
Listing gains and "listed above issue" cover issues with a listing price; "now below issue" and the return since issue cover issues with a current price.
Mainboard vs SME IPO listing gains
Mainboard: 66 listings, average +30.28%, median +11.19%, 69.7% above issue price. SME: 56 listings, average +15.09%, median +2.70%, 76.8% above issue price.
| Segment | Listed | Average gain | Median gain | Above / at / below issue | Above issue |
|---|---|---|---|---|---|
| Mainboard | 66 | +30.28% | +11.19% | 46 / 1 / 19 | 69.7% |
| SME | 56 | +15.09% | +2.70% | 43 / 3 / 10 | 76.8% |
| SME | 56 | +15.09% | +2.70% | 43 / 3 / 10 | 76.8% |
Listing gains by month
By listing date. Averages cover issues with a recorded listing price.
| Month | Listed | Average gain | Median gain | Above issue |
|---|---|---|---|---|
| Feb 2021 | 1 | −0.63% | −0.63% | 0 of 1 |
| Mar 2021 | 7 | +0.67% | +0.68% | 6 of 7 |
| Apr 2021 | 5 | +11.84% | +3.75% | 4 of 5 |
| May 2021 | 1 | +5.00% | +5.00% | 1 of 1 |
| Jun 2021 | 4 | −5.21% | −0.92% | 2 of 4 |
| Jul 2021 | 3 | +20.23% | +9.00% | 2 of 3 |
| Aug 2021 | 4 | +0.28% | +1.94% | 3 of 4 |
| Sep 2021 | 8 | +30.45% | +6.35% | 6 of 8 |
| Oct 2021 | 11 | +5.22% | +5.00% | 11 of 11 |
| Nov 2021 | 4 | +14.32% | +0.50% | 2 of 4 |
| Dec 2021 | 8 | +47.19% | +0.84% | 6 of 8 |
Highest listing-day gains
| IPO | Listed | Issue price | Listing price | Listing gain |
|---|---|---|---|---|
| Vivo Collaboration SME SME | 31 Dec 2021 | ₹82.00 | ₹355.10 | +333.05% |
| BEW Engineering SME SME | 16 Sep 2021 | ₹58.00 | ₹127.60 | +120.00% |
| Prevest Denpro SME SME | 27 Sep 2021 | ₹84.00 | ₹180.55 | +114.94% |
| Omnipotent Industries SME SME | 29 Nov 2021 | ₹63.00 | ₹99.00 | +57.14% |
| Focus Business Solution SME SME | 13 Jul 2021 | ₹19.00 | ₹29.35 | +54.47% |
Lowest listing-day gains
| IPO | Listed | Issue price | Listing price | Listing gain |
|---|---|---|---|---|
| Markolines Traffic Controls SME SME | 27 Sep 2021 | ₹78.00 | ₹62.20 | −20.26% |
| Abhishek Integrations SME SME | 21 Jun 2021 | ₹50.00 | ₹40.00 | −20.00% |
| DU Digital Technologies SME SME | 26 Aug 2021 | ₹65.00 | ₹60.00 | −7.69% |
| Ashapuri Gold Ornament SME | 17 Mar 2021 | ₹81.00 | ₹75.00 | −7.41% |
| Siddhika Coatings SME SME | 7 Apr 2021 | ₹57.00 | ₹55.00 | −3.51% |
Highest return since issue
| IPO | Listed | Issue price | Current price | Since issue |
|---|---|---|---|---|
| Knowledge Marine & Engineering Works SME | 22 Mar 2021 | ₹37.00 | ₹3,329.90 | +17,899.46% |
| Gretex Corporate Services SME SME | 9 Aug 2021 | ₹170.00 | ₹784.50 | +7,791.15% |
| Network People Services Technologies SME SME | 10 Aug 2021 | ₹80.00 | ₹1,732.10 | +6,395.38% |
| Focus Business Solution SME SME | 13 Jul 2021 | ₹19.00 | ₹313.00 | +4,585.12% |
| Shri Venkatesh Refineries SME SME | 11 Oct 2021 | ₹40.00 | ₹728.90 | +3,544.50% |
Lowest return since issue
| IPO | Listed | Issue price | Current price | Since issue |
|---|---|---|---|---|
| Omnipotent Industries SME SME | 29 Nov 2021 | ₹63.00 | ₹3.18 | −94.95% |
| Nidan Healthcare SME SME | 12 Nov 2021 | ₹125.00 | ₹12.80 | −89.76% |
| Samor Reality SME SME | 13 Oct 2021 | ₹62.00 | ₹16.47 | −73.44% |
| AA Plus Tradelink SME | 22 Jul 2021 | ₹18.00 | ₹0.72 | −60.00% |
| Quadpro ITES SME SME | 30 Sep 2021 | ₹20.00 | ₹4.00 | −60.00% |
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 2021 and 31 Dec 2021, 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 2021?
56 SME IPOs listed on NSE and BSE in 2021. Across them, the average listing-day gain was +15.09% (median +2.70%), and 43 of the 56 IPOs with a listing price (76.8%) listed above their issue price.
How many 2021 IPOs are trading below their issue price?
16 of the 49 SME IPOs with a current price (32.7%) traded below their issue price at the close of 4 Nov 2026, 10 of them after listing above it. The median return since issue is +130.37%; 29 have doubled or more and 6 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