IPO Listing Gains in 2021
Final for 2021: every mainboard and SME IPO that listed in the year.
- IPOs listed
- 122
- 66 mainboard · 56 SME
- Median listing gain
- +4.73%
- average +23.31%
- Listed above issue
- 73.0%
- 89 above · 4 at · 29 below
- Trading below issue now
- 41
- 35.7% of 115 priced
- Median return since issue
- +87.11%
- 55 doubled · 13 halved
122 IPOs listed on NSE and BSE in 2021: 66 mainboard and 56 SME. Across them, the average listing-day gain was +23.31% (median +4.73%), and 89 of the 122 IPOs with a listing price (73.0%) listed above their issue price.
41 of the 115 IPOs with a current price (35.7%) traded below their issue price at the close of 4 Nov 2026, 27 of them after listing above it. The median return since issue is +87.11%; 55 have doubled or more and 13 have lost half or more.
Trading above issue: IPOs listed in 2021
Showing 74 of 122 · latest listing 31 Dec 2021
| IPO | Listed | Issue price | Listing price | Listing gain | Current price | Since issue |
|---|---|---|---|---|---|---|
| CMS Info Systems Mainboard | 31 Dec 2021 | ₹216.00 | ₹218.50 | +1.16% | ₹217.23 | +0.57% |
| Vivo Collaboration SME SME | 31 Dec 2021 | ₹82.00 | ₹355.10 | +333.05% | ₹164.75 | +100.91% |
| Clara Industries SME SME | 29 Dec 2021 | ₹43.00 | ₹43.20 | +0.47% | ₹31.44 | +265.58% |
| Foce India SME SME | 28 Dec 2021 | ₹225.00 | ₹225.00 | 0.00% | ₹575.00 | +513.33% |
| Supriya Lifescience Mainboard | 28 Dec 2021 | ₹274.00 | ₹425.00 | +55.11% | ₹859.90 | +213.83% |
| Data Patterns Mainboard | 24 Dec 2021 | ₹585.00 | ₹864.00 | +47.69% | ₹4,078.00 | +597.09% |
| Eurobond SME SME | 24 Dec 2021 | ₹70.00 | ₹70.00 | 0.00% | ₹144.20 | +106.00% |
| Nupur Recyclers SME SME | 23 Dec 2021 | ₹60.00 | ₹74.00 | +23.33% | ₹170.09 | +835.50% |
| Metro Brands Mainboard | 22 Dec 2021 | ₹500.00 | ₹436.00 | −12.80% | ₹854.90 | +70.98% |
| RateGain Mainboard | 17 Dec 2021 | ₹425.00 | ₹364.80 | −14.16% | ₹795.20 | +87.11% |
| Anand Rathi Mainboard | 14 Dec 2021 | ₹550.00 | ₹602.05 | +9.46% | ₹2,296.00 | +1,569.82% |
| Tega Industries Mainboard | 13 Dec 2021 | ₹453.00 | ₹753.00 | +66.23% | ₹1,814.70 | +300.60% |
| DMR Hydroengineering SME SME | 7 Dec 2021 | ₹21.00 | ₹25.00 | +19.05% | ₹33.50 | +314.76% |
| Suyog Gurbaxani Funicular Ropeways SME SME | 16 Nov 2021 | ₹45.00 | ₹45.45 | +1.00% | ₹82.00 | +82.22% |
| SJS Enterprises Mainboard | 15 Nov 2021 | ₹542.00 | ₹540.00 | −0.37% | ₹2,156.30 | +297.84% |
| Sigachi Industries Mainboard | 15 Nov 2021 | ₹163.00 | ₹575.00 | +252.76% | ₹28.10 | +72.39% |
| Nykaa Mainboard | 10 Nov 2021 | ₹1,125.00 | ₹2,001.00 | +77.87% | ₹355.50 | +89.60% |
| CWD Limited SME SME | 13 Oct 2021 | ₹180.00 | ₹180.90 | +0.50% | ₹255.55 | +609.86% |
| Destiny Logistics & Infra SME SME | 13 Oct 2021 | ₹20.00 | ₹20.70 | +3.50% | ₹95.65 | +378.25% |
| Dynamic Services & Security SME SME | 13 Oct 2021 | ₹51.00 | ₹53.00 | +3.92% | ₹119.40 | +134.12% |
| Bombay Metrics Supply Chain SME SME | 12 Oct 2021 | ₹93.00 | ₹98.30 | +5.70% | ₹45.55 | +291.83% |
| Promax Power SME SME | 12 Oct 2021 | ₹10.00 | ₹11.00 | +10.00% | ₹14.20 | +184.00% |
| Aditya Birla AMC Mainboard | 11 Oct 2021 | ₹712.00 | ₹712.00 | 0.00% | ₹855.20 | +20.11% |
| Shri Venkatesh Refineries SME SME | 11 Oct 2021 | ₹40.00 | ₹42.00 | +5.00% | ₹728.90 | +3,544.50% |
| Jainam Ferro Alloys SME SME | 8 Oct 2021 | ₹70.00 | ₹73.00 | +4.29% | ₹173.00 | +147.14% |
| Paras Defence and Space Technologies Mainboard | 1 Oct 2021 | ₹175.00 | ₹475.00 | +171.43% | ₹1,265.50 | +1,346.29% |
| Markolines Traffic Controls SME SME | 27 Sep 2021 | ₹78.00 | ₹62.20 | −20.26% | ₹179.69 | +130.37% |
| Prevest Denpro SME SME | 27 Sep 2021 | ₹84.00 | ₹180.55 | +114.94% | ₹400.00 | +376.19% |
| Sansera Engineering Mainboard | 24 Sep 2021 | ₹744.00 | ₹811.35 | +9.05% | ₹4,430.80 | +495.54% |
| BEW Engineering SME SME | 16 Sep 2021 | ₹58.00 | ₹127.60 | +120.00% | ₹43.15 | +197.59% |
| PlatinumOne Business Services SME SME | 16 Sep 2021 | ₹92.00 | ₹99.95 | +8.64% | ₹140.00 | +52.17% |
| Naapbooks SME SME | 15 Sep 2021 | ₹74.00 | ₹77.00 | +4.05% | ₹152.10 | +516.62% |
| Ami Organics Mainboard | 14 Sep 2021 | ₹610.00 | ₹902.00 | +47.87% | ₹3,777.30 | +1,138.46% |
| Vijaya Diagnostic Mainboard | 14 Sep 2021 | ₹531.00 | ₹542.30 | +2.13% | ₹1,424.60 | +168.29% |
| CarTrade Tech Mainboard | 20 Aug 2021 | ₹1,618.00 | ₹1,600.00 | −1.11% | ₹2,492.90 | +54.07% |
| Devyani International Mainboard | 16 Aug 2021 | ₹90.00 | ₹141.00 | +56.67% | ₹118.68 | +31.87% |
| Windlas Biotech Mainboard | 16 Aug 2021 | ₹460.00 | ₹439.00 | −4.57% | ₹873.45 | +89.88% |
| Network People Services Technologies SME SME | 10 Aug 2021 | ₹80.00 | ₹83.95 | +4.94% | ₹1,732.10 | +6,395.38% |
| Rex Pipes and Cables SME SME | 10 Aug 2021 | ₹26.00 | ₹26.70 | +2.69% | ₹152.65 | +487.12% |
| Gretex Corporate Services SME SME | 9 Aug 2021 | ₹170.00 | ₹172.00 | +1.18% | ₹784.50 | +7,791.15% |
| Rolex Rings Mainboard | 9 Aug 2021 | ₹900.00 | ₹1,249.00 | +38.78% | ₹188.82 | +109.80% |
| Glenmark Life Sciences Mainboard | 6 Aug 2021 | ₹720.00 | ₹751.10 | +4.32% | ₹1,520.70 | +111.21% |
| Tatva Chintan Pharma Mainboard | 29 Jul 2021 | ₹1,083.00 | ₹2,111.80 | +95.00% | ₹1,690.20 | +56.07% |
| Zomato Mainboard | 23 Jul 2021 | ₹76.00 | ₹115.00 | +51.32% | ₹344.50 | +353.29% |
| Focus Business Solution SME SME | 13 Jul 2021 | ₹19.00 | ₹29.35 | +54.47% | ₹313.00 | +4,585.12% |
| Times Green Energy SME SME | 30 Jun 2021 | ₹61.00 | ₹61.40 | +0.66% | ₹64.01 | +109.87% |
| Dodla Dairy Mainboard | 28 Jun 2021 | ₹428.00 | ₹528.00 | +23.36% | ₹985.95 | +130.36% |
| Krishna Institute of Medical Sciences Mainboard | 28 Jun 2021 | ₹825.00 | ₹1,008.90 | +22.29% | ₹740.55 | +348.82% |
| Shyam Metalics and Energy Mainboard | 24 Jun 2021 | ₹306.00 | ₹367.00 | +19.93% | ₹1,231.40 | +302.42% |
| Sona Comstar Mainboard | 24 Jun 2021 | ₹291.00 | ₹302.40 | +3.92% | ₹893.70 | +207.11% |
| Powergrid InvIT Mainboard | 14 May 2021 | ₹100.00 | ₹104.00 | +4.00% | ₹104.98 | +4.92% |
| Lodha Developers Mainboard | 19 Apr 2021 | ₹486.00 | ₹439.00 | −9.67% | ₹1,122.00 | +361.73% |
| Rajeshwari Cans SME SME | 15 Apr 2021 | ₹20.00 | ₹20.75 | +3.75% | ₹15.48 | +54.80% |
| V-Marc India SME SME | 9 Apr 2021 | ₹39.00 | ₹46.50 | +19.23% | ₹324.85 | +732.95% |
| Barbeque Nation Mainboard | 7 Apr 2021 | ₹500.00 | ₹492.00 | −1.60% | ₹546.40 | +9.28% |
| EKI Energy Services SME SME | 7 Apr 2021 | ₹102.00 | ₹140.00 | +37.25% | ₹74.76 | +193.18% |
| Siddhika Coatings SME SME | 7 Apr 2021 | ₹57.00 | ₹55.00 | −3.51% | ₹199.50 | +600.00% |
| NIKS Technology SME SME | 31 Mar 2021 | ₹201.00 | ₹202.10 | +0.55% | ₹405.85 | +101.92% |
| Nazara Technologies Mainboard | 30 Mar 2021 | ₹1,101.00 | ₹1,971.00 | +79.02% | ₹421.05 | +205.94% |
| Kalyan Jewellers Mainboard | 26 Mar 2021 | ₹87.00 | ₹73.90 | −15.06% | ₹529.05 | +508.10% |
| Craftsman Automation Mainboard | 25 Mar 2021 | ₹1,490.00 | ₹1,350.00 | −9.40% | ₹10,685.00 | +617.11% |
| Laxmi Organic Mainboard | 25 Mar 2021 | ₹130.00 | ₹156.20 | +20.15% | ₹161.98 | +24.60% |
| Anupam Rasayan Mainboard | 24 Mar 2021 | ₹555.00 | ₹534.70 | −3.66% | ₹1,145.40 | +106.38% |
| Knowledge Marine & Engineering Works SME | 22 Mar 2021 | ₹37.00 | ₹38.00 | +2.70% | ₹3,329.90 | +17,899.46% |
| Easy Trip Planners Mainboard | 19 Mar 2021 | ₹187.00 | ₹206.00 | +10.16% | ₹6.08 | +4.04% |
| MTAR Technologies Mainboard | 15 Mar 2021 | ₹575.00 | ₹1,063.90 | +85.03% | ₹6,036.50 | +949.83% |
| Pavna Industries SME | 9 Mar 2021 | ₹165.00 | ₹165.60 | +0.36% | ₹12.63 | +53.09% |
| Party Cruisers SME SME | 5 Mar 2021 | ₹51.00 | ₹54.00 | +5.88% | ₹92.00 | +260.78% |
| RailTel Mainboard | 26 Feb 2021 | ₹94.00 | ₹104.60 | +11.28% | ₹236.34 | +151.43% |
| MRP Agro SME SME | 18 Feb 2021 | ₹40.00 | ₹39.75 | −0.63% | ₹91.00 | +582.50% |
| Brookfield India Mainboard | 16 Feb 2021 | ₹275.00 | ₹275.05 | +0.02% | ₹319.44 | +16.28% |
| Stove Kraft Mainboard | 5 Feb 2021 | ₹385.00 | ₹467.00 | +21.30% | ₹826.85 | +114.77% |
| HFFC Limited Mainboard | 3 Feb 2021 | ₹518.00 | ₹612.15 | +18.18% | ₹1,082.30 | +108.94% |
| IRFC Mainboard | 29 Jan 2021 | ₹26.00 | ₹25.00 | −3.85% | ₹77.84 | +199.38% |
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 IPOs listed
Listing-day gain of the 122 issues with a listing price, in fixed bands.
- −20% or worse 3 2.5%
- −20% to −10% 4 3.3%
- −10% to 0% 22 18.0%
- At issue price 4 3.3%
- 0% to 10% 43 35.2%
- 10% to 25% 17 13.9%
- 25% to 50% 7 5.7%
- 50% to 90% 12 9.8%
- 90% or more 10 8.2%
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 | 7 | +16.42% | 85.7% | 5 of 7 |
| ₹250 Cr to ₹1,000 Cr | 27 | +21.62% | 74.1% | 7 of 27 |
| ₹1,000 Cr to ₹5,000 Cr | 26 | +3.23% | 61.5% | 11 of 26 |
| ₹5,000 Cr and over | 8 | +3.96% | 62.5% | 4 of 8 |
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% |
| All IPOs | 122 | +23.31% | +4.73% | 89 / 4 / 29 | 73.0% |
Listing gains by month
By listing date. Averages cover issues with a recorded listing price.
| Month | Listed | Average gain | Median gain | Above issue |
|---|---|---|---|---|
| Jan 2021 | 2 | +16.33% | +16.33% | 1 of 2 |
| Feb 2021 | 7 | +26.27% | +18.18% | 6 of 7 |
| Mar 2021 | 16 | +13.16% | +1.31% | 11 of 16 |
| Apr 2021 | 7 | +6.85% | +2.50% | 4 of 7 |
| May 2021 | 2 | +4.50% | +4.50% | 2 of 2 |
| Jun 2021 | 8 | +6.08% | +2.46% | 6 of 8 |
| Jul 2021 | 8 | +53.75% | +52.90% | 7 of 8 |
| Aug 2021 | 14 | +5.77% | +1.94% | 8 of 14 |
| Sep 2021 | 11 | +27.51% | +8.64% | 9 of 11 |
| Oct 2021 | 13 | +17.60% | +5.00% | 12 of 13 |
| Nov 2021 | 14 | +47.67% | +8.42% | 9 of 14 |
| Dec 2021 | 20 | +30.06% | +5.33% | 14 of 20 |
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% |
| Sigachi Industries Mainboard | 15 Nov 2021 | ₹163.00 | ₹575.00 | +252.76% |
| Paras Defence and Space Technologies Mainboard | 1 Oct 2021 | ₹175.00 | ₹475.00 | +171.43% |
| Latent View Analytics Mainboard | 23 Nov 2021 | ₹197.00 | ₹530.00 | +169.04% |
| BEW Engineering SME SME | 16 Sep 2021 | ₹58.00 | ₹127.60 | +120.00% |
Lowest listing-day gains
| IPO | Listed | Issue price | Listing price | Listing gain |
|---|---|---|---|---|
| Shriram Properties Mainboard | 20 Dec 2021 | ₹118.00 | ₹94.00 | −20.34% |
| 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% |
| Nuvoco Vistas Corporation Mainboard | 23 Aug 2021 | ₹570.00 | ₹471.00 | −17.37% |
| Kalyan Jewellers Mainboard | 26 Mar 2021 | ₹87.00 | ₹73.90 | −15.06% |
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% |
| Fino Payments Bank Mainboard | 12 Nov 2021 | ₹577.00 | ₹120.30 | −79.15% |
| Heranba Industries Limited Mainboard | 5 Mar 2021 | ₹627.00 | ₹152.17 | −75.73% |
| Samor Reality SME SME | 13 Oct 2021 | ₹62.00 | ₹16.47 | −73.44% |
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?
122 IPOs listed on NSE and BSE in 2021: 66 mainboard and 56 SME. Across them, the average listing-day gain was +23.31% (median +4.73%), and 89 of the 122 IPOs with a listing price (73.0%) listed above their issue price.
How many 2021 IPOs are trading below their issue price?
41 of the 115 IPOs with a current price (35.7%) traded below their issue price at the close of 4 Nov 2026, 27 of them after listing above it. The median return since issue is +87.11%; 55 have doubled or more and 13 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