IPO Listing Gains in 2024
Final for 2024: every mainboard and SME IPO that listed in the year.
- IPOs listed
- 93
- ₹1.80 L Cr raised
- Median listing gain
- +15.94%
- average +28.17%
- Listed above issue
- 77.4%
- 72 above · 3 at · 18 below
- Trading below issue now
- 42
- 46.7% of 90 priced
- Median return since issue
- +4.69%
- 14 doubled · 13 halved
93 Mainboard IPOs listed on NSE and BSE in 2024. Across them, the average listing-day gain was +28.17% (median +15.94%), and 72 of the 93 IPOs with a listing price (77.4%) listed above their issue price.
42 of the 90 Mainboard IPOs with a current price (46.7%) traded below their issue price at the close of 4 Nov 2026, 29 of them after listing above it. The median return since issue is +4.69%; 14 have doubled or more and 13 have lost half or more.
Trading above issue: Mainboard IPOs listed in 2024
Showing 48 of 93 · latest listing 31 Dec 2024
| IPO | Listed | Issue price | Listing price | Listing gain | Current price | Since issue |
|---|---|---|---|---|---|---|
| Unimech Aerospace and Manufacturing | 31 Dec 2024 | ₹785.00 | ₹1,491.00 | +89.94% | ₹1,772.00 | +125.73% |
| Senores Pharmaceuticals | 30 Dec 2024 | ₹391.00 | ₹593.70 | +51.84% | ₹1,137.00 | +190.79% |
| Mamata Machinery | 27 Dec 2024 | ₹243.00 | ₹600.00 | +146.91% | ₹348.50 | +43.42% |
| Sanathan Textiles | 27 Dec 2024 | ₹321.00 | ₹419.10 | +30.56% | ₹537.65 | +67.49% |
| Transrail Lighting | 27 Dec 2024 | ₹432.00 | ₹585.15 | +35.45% | ₹454.20 | +5.14% |
| Inventurus Knowledge Solutions | 19 Dec 2024 | ₹1,329.00 | ₹1,856.00 | +39.65% | ₹1,750.40 | +31.71% |
| Sai Life Sciences | 18 Dec 2024 | ₹549.00 | ₹660.00 | +20.22% | ₹1,546.10 | +181.62% |
| Vishal Mega Mart | 18 Dec 2024 | ₹78.00 | ₹110.00 | +41.03% | ₹90.84 | +16.46% |
| Property Share Investment Trust- Propshare Platina | 10 Dec 2024 | ₹10,50,000.00 | ₹10,50,000.00 | 0.00% | ₹11,20,000.00 | +6.67% |
| Enviro Infra Engineers | 29 Nov 2024 | ₹148.00 | ₹218.00 | +47.30% | ₹179.55 | +21.32% |
| Zinka Logistics Solutions | 22 Nov 2024 | ₹273.00 | ₹279.05 | +2.22% | ₹534.85 | +95.92% |
| Niva Bupa Health Insurance Company | 14 Nov 2024 | ₹74.00 | ₹78.50 | +6.08% | ₹77.14 | +4.24% |
| ACME Solar Holdings | 13 Nov 2024 | ₹289.00 | ₹259.00 | −10.38% | ₹421.00 | +45.67% |
| Sagility India | 12 Nov 2024 | ₹30.00 | ₹31.06 | +3.53% | ₹43.59 | +45.30% |
| Waaree Energies | 28 Oct 2024 | ₹1,503.00 | ₹2,550.00 | +69.66% | ₹2,408.00 | +60.21% |
| Hyundai Motor India | 22 Oct 2024 | ₹1,960.00 | ₹1,931.00 | −1.48% | ₹2,063.00 | +5.26% |
| Garuda Construction and Engineering | 15 Oct 2024 | ₹95.00 | ₹103.20 | +8.63% | ₹155.15 | +63.32% |
| Diffusion Engineers | 4 Oct 2024 | ₹168.00 | ₹188.00 | +11.90% | ₹420.65 | +150.39% |
| KRN Heat Exchanger and Refrigeration | 3 Oct 2024 | ₹220.00 | ₹470.00 | +113.64% | ₹1,011.70 | +359.86% |
| Manba Finance | 30 Sep 2024 | ₹120.00 | ₹150.00 | +25.00% | ₹142.64 | +18.87% |
| Northern ARC Capital | 24 Sep 2024 | ₹263.00 | ₹351.00 | +33.46% | ₹277.25 | +5.42% |
| P N Gadgil Jewellers | 17 Sep 2024 | ₹480.00 | ₹834.00 | +73.75% | ₹581.60 | +21.17% |
| Bajaj Housing Finance | 16 Sep 2024 | ₹70.00 | ₹150.00 | +114.29% | ₹81.42 | +16.31% |
| Kross | 16 Sep 2024 | ₹240.00 | ₹240.00 | 0.00% | ₹287.05 | +19.60% |
| Gala Precision Engineering | 9 Sep 2024 | ₹529.00 | ₹750.00 | +41.78% | ₹1,126.70 | +112.99% |
| Premier Energies | 3 Sep 2024 | ₹450.00 | ₹991.00 | +120.22% | ₹904.00 | +100.89% |
| Orient Technologies | 28 Aug 2024 | ₹206.00 | ₹290.00 | +40.78% | ₹196.95 | +5.17% |
| Interarch Building Products | 26 Aug 2024 | ₹900.00 | ₹1,291.20 | +43.47% | ₹1,535.30 | +70.59% |
| Akums Drugs & Pharmaceuticals | 6 Aug 2024 | ₹679.00 | ₹725.00 | +6.77% | ₹751.50 | +10.68% |
| Sanstar | 26 Jul 2024 | ₹95.00 | ₹106.40 | +12.00% | ₹96.19 | +1.25% |
| Emcure Pharmaceuticals | 10 Jul 2024 | ₹1,008.00 | ₹1,325.05 | +31.45% | ₹2,160.40 | +114.33% |
| Allied Blenders & Distillers | 2 Jul 2024 | ₹281.00 | ₹318.10 | +13.20% | ₹697.50 | +148.22% |
| DEE Development Engineers | 26 Jun 2024 | ₹203.00 | ₹325.00 | +60.10% | ₹570.60 | +181.08% |
| Le Travenues Technology | 18 Jun 2024 | ₹93.00 | ₹135.00 | +45.16% | ₹144.65 | +55.54% |
| Kronox Lab Sciences | 10 Jun 2024 | ₹136.00 | ₹165.00 | +21.32% | ₹197.29 | +45.07% |
| Aadhar Housing Finance | 15 May 2024 | ₹315.00 | ₹314.30 | −0.22% | ₹431.20 | +36.89% |
| TBO Tek | 15 May 2024 | ₹920.00 | ₹1,380.00 | +50.00% | ₹1,526.30 | +65.90% |
| Indegene | 13 May 2024 | ₹452.00 | ₹659.70 | +45.95% | ₹617.10 | +36.53% |
| Vodafone Idea | 25 Apr 2024 | ₹11.00 | ₹12.00 | +9.09% | ₹12.55 | +14.09% |
| Bharti Hexacom | 12 Apr 2024 | ₹570.00 | ₹755.20 | +32.49% | ₹1,718.80 | +201.54% |
| SRM Contractors | 3 Apr 2024 | ₹210.00 | ₹225.00 | +7.14% | ₹379.25 | +80.60% |
| J.G.Chemicals | 13 Mar 2024 | ₹221.00 | ₹211.00 | −4.52% | ₹574.10 | +159.77% |
| Indus Infra Trust | 12 Mar 2024 | ₹100.00 | ₹101.00 | +1.00% | ₹133.15 | +33.03% |
| Exicom Tele-Systems | 5 Mar 2024 | ₹142.00 | ₹264.00 | +85.92% | ₹143.57 | +1.11% |
| Platinum Industries | 5 Mar 2024 | ₹171.00 | ₹228.00 | +33.33% | ₹218.03 | +27.50% |
| Entero Healthcare Solutions | 16 Feb 2024 | ₹1,258.00 | ₹1,245.00 | −1.03% | ₹1,665.00 | +32.35% |
| Rashi Peripherals | 14 Feb 2024 | ₹311.00 | ₹335.00 | +7.72% | ₹843.45 | +171.21% |
| Jyoti CNC Automation | 16 Jan 2024 | ₹331.00 | ₹372.00 | +12.39% | ₹1,034.95 | +212.67% |
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 2024 Mainboard IPOs listed
Listing-day gain of the 93 issues with a listing price, in fixed bands.
- −20% or worse 0 0.0%
- −20% to −10% 4 4.3%
- −10% to 0% 14 15.1%
- At issue price 3 3.2%
- 0% to 10% 16 17.2%
- 10% to 25% 17 18.3%
- 25% to 50% 23 24.7%
- 50% to 90% 9 9.7%
- 90% or more 7 7.5%
Listing gains by issue size
Total offer as disclosed.
| Issue size | IPOs | Median listing gain | Listed above issue | Now below issue |
|---|---|---|---|---|
| ₹50 Cr to ₹250 Cr | 16 | +25.00% | 100.0% | 8 of 16 |
| ₹250 Cr to ₹1,000 Cr | 42 | +17.93% | 66.7% | 22 of 39 |
| ₹1,000 Cr to ₹5,000 Cr | 27 | +11.69% | 85.2% | 8 of 27 |
| ₹5,000 Cr and over | 8 | +4.48% | 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: 93 listings, average +28.17%, median +15.94%, 77.4% above issue price. SME: 248 listings, average +56.91%, median +37.50%, 87.9% above issue price.
| Segment | Listed | Average gain | Median gain | Above / at / below issue | Above issue |
|---|---|---|---|---|---|
| Mainboard | 93 | +28.17% | +15.94% | 72 / 3 / 18 | 77.4% |
| SME | 248 | +56.91% | +37.50% | 217 / 9 / 21 | 87.9% |
| Mainboard | 93 | +28.17% | +15.94% | 72 / 3 / 18 | 77.4% |
Listing gains by month
By listing date. Averages cover issues with a recorded listing price.
| Month | Listed | Average gain | Median gain | Above issue |
|---|---|---|---|---|
| Jan 2024 | 4 | +14.51% | +11.82% | 3 of 4 |
| Feb 2024 | 9 | +37.80% | +7.72% | 6 of 9 |
| Mar 2024 | 9 | +17.54% | +1.00% | 5 of 9 |
| Apr 2024 | 4 | +24.53% | +20.79% | 4 of 4 |
| May 2024 | 5 | +22.39% | +12.86% | 4 of 5 |
| Jun 2024 | 5 | +33.31% | +35.23% | 5 of 5 |
| Jul 2024 | 5 | +22.02% | +15.94% | 5 of 5 |
| Aug 2024 | 8 | +33.30% | +29.71% | 7 of 8 |
| Sep 2024 | 13 | +36.48% | +25.00% | 10 of 13 |
| Oct 2024 | 7 | +26.91% | +8.63% | 4 of 7 |
| Nov 2024 | 8 | +6.32% | +3.43% | 6 of 8 |
| Dec 2024 | 16 | +37.33% | +33.01% | 13 of 16 |
Highest listing-day gains
| IPO | Listed | Issue price | Listing price | Listing gain |
|---|---|---|---|---|
| Vibhor Steel Tubes Mainboard | 20 Feb 2024 | ₹151.00 | ₹421.00 | +178.81% |
| Mamata Machinery Mainboard | 27 Dec 2024 | ₹243.00 | ₹600.00 | +146.91% |
| BLS E-Services Mainboard | 6 Feb 2024 | ₹135.00 | ₹309.00 | +128.89% |
| Premier Energies Mainboard | 3 Sep 2024 | ₹450.00 | ₹991.00 | +120.22% |
| Bajaj Housing Finance Mainboard | 16 Sep 2024 | ₹70.00 | ₹150.00 | +114.29% |
Lowest listing-day gains
| IPO | Listed | Issue price | Listing price | Listing gain |
|---|---|---|---|---|
| Gopal Snacks Mainboard | 14 Mar 2024 | ₹401.00 | ₹350.00 | −12.72% |
| R K Swamy Mainboard | 12 Mar 2024 | ₹288.00 | ₹252.00 | −12.50% |
| Godavari Biorefineries Mainboard | 30 Oct 2024 | ₹352.00 | ₹310.55 | −11.78% |
| ACME Solar Holdings Mainboard | 13 Nov 2024 | ₹289.00 | ₹259.00 | −10.38% |
| Afcons Infrastructure Mainboard | 4 Nov 2024 | ₹463.00 | ₹430.05 | −7.12% |
Highest return since issue
| IPO | Listed | Issue price | Current price | Since issue |
|---|---|---|---|---|
| KRN Heat Exchanger and Refrigeration Mainboard | 3 Oct 2024 | ₹220.00 | ₹1,011.70 | +359.86% |
| Jyoti CNC Automation Mainboard | 16 Jan 2024 | ₹331.00 | ₹1,034.95 | +212.67% |
| Bharti Hexacom Mainboard | 12 Apr 2024 | ₹570.00 | ₹1,718.80 | +201.54% |
| Senores Pharmaceuticals Mainboard | 30 Dec 2024 | ₹391.00 | ₹1,137.00 | +190.79% |
| Sai Life Sciences Mainboard | 18 Dec 2024 | ₹549.00 | ₹1,546.10 | +181.62% |
Lowest return since issue
| IPO | Listed | Issue price | Current price | Since issue |
|---|---|---|---|---|
| Shree Tirupati Balajee Agro Trading Co. Mainboard | 12 Sep 2024 | ₹83.00 | ₹18.77 | −77.39% |
| R K Swamy Mainboard | 12 Mar 2024 | ₹288.00 | ₹79.58 | −72.37% |
| Concord Enviro Systems Mainboard | 27 Dec 2024 | ₹701.00 | ₹225.10 | −67.89% |
| Popular Vehicles & Services Mainboard | 19 Mar 2024 | ₹295.00 | ₹95.00 | −67.80% |
| Ecos (India) Mobility & Hospitality Mainboard | 4 Sep 2024 | ₹334.00 | ₹113.02 | −66.16% |
Mainboard 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 2024 and 31 Dec 2024, 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 2024?
93 Mainboard IPOs listed on NSE and BSE in 2024. Across them, the average listing-day gain was +28.17% (median +15.94%), and 72 of the 93 IPOs with a listing price (77.4%) listed above their issue price.
How many 2024 IPOs are trading below their issue price?
42 of the 90 Mainboard IPOs with a current price (46.7%) traded below their issue price at the close of 4 Nov 2026, 29 of them after listing above it. The median return since issue is +4.69%; 14 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