IPO Listing Gains in 2024
Final for 2024: every mainboard and SME IPO that listed in the year.
- IPOs listed
- 341
- 93 mainboard · 248 SME
- Median listing gain
- +30.91%
- average +49.05%
- Listed above issue
- 85.0%
- 289 above · 12 at · 39 below
- Trading below issue now
- 185
- 55.2% of 335 priced
- Median return since issue
- −9.80%
- 61 doubled · 84 halved
341 IPOs listed on NSE and BSE in 2024: 93 mainboard and 248 SME. Across them, the average listing-day gain was +49.05% (median +30.91%), and 289 of the 340 IPOs with a listing price (85.0%) listed above their issue price.
185 of the 335 IPOs with a current price (55.2%) traded below their issue price at the close of 4 Nov 2026, 148 of them after listing above it. The median return since issue is −9.80%; 61 have doubled or more and 84 have lost half or more.
Trading below issue: IPOs listed in 2024
Showing 185 of 341 · latest listing 31 Dec 2024
| IPO | Listed | Issue price | Listing price | Listing gain | Current price | Since issue |
|---|---|---|---|---|---|---|
| Carraro India Mainboard | 30 Dec 2024 | ₹704.00 | ₹660.00 | −6.25% | ₹492.80 | −30.00% |
| Ventive Hospitality Mainboard | 30 Dec 2024 | ₹643.00 | ₹718.15 | +11.69% | ₹525.50 | −18.27% |
| Concord Enviro Systems Mainboard | 27 Dec 2024 | ₹701.00 | ₹832.00 | +18.69% | ₹225.10 | −67.89% |
| Dam Capital Advisors Mainboard | 27 Dec 2024 | ₹283.00 | ₹392.90 | +38.83% | ₹139.26 | −50.79% |
| Newmalayalam Steel SME | 27 Dec 2024 | ₹90.00 | ₹90.00 | 0.00% | ₹21.50 | −76.11% |
| Identical Brains Studios SME | 26 Dec 2024 | ₹54.00 | ₹95.00 | +75.93% | ₹16.60 | −69.26% |
| Nacdac Infrastructure SME | 24 Dec 2024 | ₹35.00 | ₹66.50 | SME cap +90.00% | ₹22.80 | −34.86% |
| International Gemmological Institute Mainboard | 20 Dec 2024 | ₹417.00 | ₹504.85 | +21.07% | ₹402.00 | −3.60% |
| One Mobikwik Systems Mainboard | 18 Dec 2024 | ₹279.00 | ₹442.25 | +58.51% | ₹215.61 | −22.72% |
| Supreme Facility Management SME | 18 Dec 2024 | ₹76.00 | ₹75.00 | −1.32% | ₹18.90 | −75.13% |
| Jungle Camps India SME | 17 Dec 2024 | ₹72.00 | ₹136.80 | SME cap +90.00% | ₹38.71 | −46.24% |
| Toss The Coin SME | 17 Dec 2024 | ₹182.00 | ₹345.80 | SME cap +90.00% | ₹172.40 | −5.27% |
| Dhanlaxmi Crop Science SME | 16 Dec 2024 | ₹55.00 | ₹104.50 | SME cap +90.00% | ₹27.75 | −49.55% |
| Emerald Tyre Manufacturers SME | 12 Dec 2024 | ₹95.00 | ₹180.50 | SME cap +90.00% | ₹65.00 | −31.58% |
| Ganesh Infraworld SME | 6 Dec 2024 | ₹83.00 | ₹157.70 | SME cap +90.00% | ₹77.55 | −6.57% |
| Suraksha Diagnostic Mainboard | 6 Dec 2024 | ₹441.00 | ₹437.00 | −0.91% | ₹333.05 | −24.48% |
| Abha Power and Steel SME | 4 Dec 2024 | ₹75.00 | ₹81.90 | +9.20% | ₹21.20 | −71.73% |
| C2C Advanced Systems SME | 3 Dec 2024 | ₹226.00 | ₹429.40 | SME cap +90.00% | ₹141.80 | −37.26% |
| Lamosaic India SME | 29 Nov 2024 | ₹200.00 | ₹164.00 | −18.00% | ₹47.25 | −76.38% |
| NTPC Green Energy Mainboard | 27 Nov 2024 | ₹108.00 | ₹111.60 | +3.33% | ₹83.51 | −22.68% |
| Onyx Biotec SME | 22 Nov 2024 | ₹61.00 | ₹54.05 | −11.39% | ₹36.00 | −40.98% |
| Mangal Compusolution SME | 21 Nov 2024 | ₹45.00 | ₹45.00 | 0.00% | ₹38.00 | −15.56% |
| Neelam Linens and Garments (India) SME | 18 Nov 2024 | ₹24.00 | ₹40.05 | +66.88% | ₹6.50 | −72.92% |
| Swiggy Mainboard | 13 Nov 2024 | ₹390.00 | ₹412.00 | +5.64% | ₹178.89 | −54.13% |
| Afcons Infrastructure Mainboard | 4 Nov 2024 | ₹463.00 | ₹430.05 | −7.12% | ₹211.11 | −54.40% |
| Usha Financial Services SME | 31 Oct 2024 | ₹168.00 | ₹164.00 | −2.38% | ₹58.65 | −30.18% |
| Godavari Biorefineries Mainboard | 30 Oct 2024 | ₹352.00 | ₹310.55 | −11.78% | ₹224.87 | −36.12% |
| Premium Plast SME | 28 Oct 2024 | ₹49.00 | ₹51.45 | +5.00% | ₹44.20 | −9.80% |
| Lakshya Powertech SME | 23 Oct 2024 | ₹180.00 | ₹342.00 | SME cap +90.00% | ₹100.00 | −44.44% |
| Pranik Logistics SME | 17 Oct 2024 | ₹77.00 | ₹79.00 | +2.60% | ₹38.95 | −49.42% |
| Shiv Texchem SME | 15 Oct 2024 | ₹166.00 | ₹239.00 | +43.98% | ₹99.65 | −39.97% |
| Khyati Global Ventures SME | 11 Oct 2024 | ₹99.00 | ₹105.00 | +6.06% | ₹45.00 | −54.55% |
| Neopolitan Pizza and Foods SME | 9 Oct 2024 | ₹20.00 | ₹19.25 | −3.75% | ₹6.60 | −67.00% |
| Paramount Dye Tec SME | 8 Oct 2024 | ₹117.00 | ₹109.90 | −6.07% | ₹39.10 | −66.58% |
| Saj Hotels SME | 7 Oct 2024 | ₹65.00 | ₹55.00 | −15.38% | ₹26.00 | −60.00% |
| Divyadhan Recycling Industries SME | 4 Oct 2024 | ₹64.00 | ₹84.00 | +31.25% | ₹37.25 | −41.80% |
| Forge Auto International SME | 4 Oct 2024 | ₹108.00 | ₹113.00 | +4.63% | ₹90.00 | −16.67% |
| Nexxus Petro Industries SME | 4 Oct 2024 | ₹105.00 | ₹126.00 | +20.00% | ₹61.25 | −41.67% |
| Thinking Hats Entertainment Solutions SME | 3 Oct 2024 | ₹44.00 | ₹60.00 | +36.36% | ₹11.45 | −73.98% |
| Unilex Colour & Chemical SME | 3 Oct 2024 | ₹87.00 | ₹89.00 | +2.30% | ₹30.65 | −64.77% |
| WOL 3D India SME | 30 Sep 2024 | ₹150.00 | ₹180.05 | +20.03% | ₹132.00 | −12.00% |
| Phoenix Overseas SME | 27 Sep 2024 | ₹64.00 | ₹64.00 | 0.00% | ₹14.40 | −77.50% |
| S D Retail SME | 27 Sep 2024 | ₹131.00 | ₹145.00 | +10.69% | ₹77.95 | −40.50% |
| Kalana Ispat SME | 26 Sep 2024 | ₹66.00 | ₹45.15 | −31.59% | ₹18.00 | −72.73% |
| Paramount Speciality Forgings SME | 25 Sep 2024 | ₹59.00 | ₹83.00 | +40.68% | ₹29.00 | −50.85% |
| Arkade Developers Mainboard | 24 Sep 2024 | ₹128.00 | ₹175.90 | +37.42% | ₹108.20 | −15.47% |
| Deccan Transcon Leasing SME | 24 Sep 2024 | ₹108.00 | ₹116.00 | +7.41% | ₹17.35 | −83.94% |
| Popular Foundations SME | 24 Sep 2024 | ₹37.00 | ₹37.00 | 0.00% | ₹25.95 | −29.86% |
| Western Carriers (India) Mainboard | 24 Sep 2024 | ₹172.00 | ₹170.00 | −1.16% | ₹92.75 | −46.08% |
| SPP Polymer SME | 17 Sep 2024 | ₹59.00 | ₹63.00 | +6.78% | ₹11.50 | −80.51% |
| Aditya Ultra Steel SME | 16 Sep 2024 | ₹62.00 | ₹69.90 | +12.74% | ₹22.00 | −64.52% |
| Gajanand International SME | 16 Sep 2024 | ₹36.00 | ₹42.00 | +16.67% | ₹7.20 | −80.00% |
| Share Samadhan SME | 16 Sep 2024 | ₹74.00 | ₹73.05 | −1.28% | ₹46.00 | −37.84% |
| Tolins Tyres Mainboard | 16 Sep 2024 | ₹226.00 | ₹227.00 | +0.44% | ₹82.59 | −63.46% |
| My Mudra Fincorp SME | 12 Sep 2024 | ₹110.00 | ₹130.00 | +18.18% | ₹96.35 | −12.41% |
| Shree Tirupati Balajee Agro Trading Co. Mainboard | 12 Sep 2024 | ₹83.00 | ₹92.90 | +11.93% | ₹18.77 | −77.39% |
| Naturewings Holidays SME | 10 Sep 2024 | ₹74.00 | ₹95.00 | +28.38% | ₹68.00 | −8.11% |
| Jeyyam Global Foods SME | 9 Sep 2024 | ₹61.00 | ₹61.00 | 0.00% | ₹22.20 | −63.61% |
| Baazar Style Retail Mainboard | 6 Sep 2024 | ₹389.00 | ₹389.00 | 0.00% | ₹376.25 | −3.28% |
| Boss Packaging Solutions SME | 6 Sep 2024 | ₹66.00 | ₹82.50 | +25.00% | ₹53.50 | −18.94% |
| Travels & Rentals SME | 5 Sep 2024 | ₹40.00 | ₹55.00 | +37.50% | ₹7.25 | −81.88% |
| Aeron Composites SME | 4 Sep 2024 | ₹125.00 | ₹150.00 | +20.00% | ₹72.95 | −41.64% |
| Ecos (India) Mobility & Hospitality Mainboard | 4 Sep 2024 | ₹334.00 | ₹391.30 | +17.16% | ₹113.02 | −66.16% |
| Paramatrix Technologies SME | 4 Sep 2024 | ₹110.00 | ₹115.05 | +4.59% | ₹56.00 | −49.09% |
| Indian Phosphate SME | 3 Sep 2024 | ₹99.00 | ₹188.10 | SME cap +90.00% | ₹77.90 | −21.31% |
| Jay Bee Laminations SME | 3 Sep 2024 | ₹146.00 | ₹277.40 | SME cap +90.00% | ₹86.25 | −40.92% |
| Vdeal System SME | 3 Sep 2024 | ₹112.00 | ₹170.00 | +51.79% | ₹108.95 | −2.72% |
| Resourceful Automobile SME | 29 Aug 2024 | ₹117.00 | ₹117.00 | 0.00% | ₹52.00 | −55.56% |
| Ideal Technoplast Industries SME | 28 Aug 2024 | ₹121.00 | ₹132.10 | +9.17% | ₹77.00 | −36.36% |
| QVC Exports SME | 28 Aug 2024 | ₹86.00 | ₹161.00 | +87.21% | ₹23.20 | −73.02% |
| Brace Port Logistics SME | 26 Aug 2024 | ₹80.00 | ₹152.00 | SME cap +90.00% | ₹68.85 | −13.94% |
| Broach Lifecare Hospital SME | 21 Aug 2024 | ₹25.00 | ₹47.50 | SME cap +90.00% | ₹12.70 | −49.20% |
| Solve Plastic Products SME | 21 Aug 2024 | ₹91.00 | ₹102.00 | +12.09% | ₹16.65 | −81.70% |
| Positron Energy SME | 20 Aug 2024 | ₹250.00 | ₹475.00 | SME cap +90.00% | ₹206.00 | −17.60% |
| Saraswati Saree Depot Mainboard | 20 Aug 2024 | ₹160.00 | ₹200.00 | +25.00% | ₹64.98 | −59.39% |
| Brainbees Solutions Mainboard | 13 Aug 2024 | ₹465.00 | ₹625.00 | +34.41% | ₹166.37 | −64.22% |
| Unicommerce eSolutions Mainboard | 13 Aug 2024 | ₹108.00 | ₹230.00 | +112.96% | ₹83.74 | −22.46% |
| Ola Electric Mobility Mainboard | 9 Aug 2024 | ₹76.00 | ₹75.99 | −0.01% | ₹35.04 | −53.89% |
| Picturepost Studios SME | 9 Aug 2024 | ₹24.00 | ₹30.00 | +25.00% | ₹2.80 | −88.33% |
| Ceigall India Mainboard | 8 Aug 2024 | ₹401.00 | ₹413.00 | +2.99% | ₹399.45 | −0.39% |
| Ashapura Logistics SME | 6 Aug 2024 | ₹144.00 | ₹185.00 | +28.47% | ₹62.50 | −56.60% |
| Bulkcorp International SME | 6 Aug 2024 | ₹105.00 | ₹130.00 | +23.81% | ₹77.50 | −26.19% |
| Kizi Apparels SME | 6 Aug 2024 | ₹21.00 | ₹23.15 | +10.24% | ₹16.85 | −19.76% |
| Esprit Stones SME | 2 Aug 2024 | ₹87.00 | ₹93.15 | +7.07% | ₹65.00 | −25.29% |
| S A Tech Software India SME | 2 Aug 2024 | ₹59.00 | ₹112.10 | SME cap +90.00% | ₹41.50 | −29.66% |
| Clinitech Laboratory SME | 1 Aug 2024 | ₹96.00 | ₹115.00 | +19.79% | ₹30.00 | −68.75% |
| Trom Industries SME | 1 Aug 2024 | ₹115.00 | ₹218.50 | SME cap +90.00% | ₹57.40 | −50.09% |
| Chetana Education SME | 31 Jul 2024 | ₹85.00 | ₹98.90 | +16.35% | ₹32.20 | −62.12% |
| Manglam Infra & Engineering SME | 31 Jul 2024 | ₹56.00 | ₹106.40 | SME cap +90.00% | ₹12.10 | −78.39% |
| V.L.Infraprojects SME | 30 Jul 2024 | ₹42.00 | ₹79.80 | SME cap +90.00% | ₹24.50 | −41.67% |
| Sar Televenture SME | 29 Jul 2024 | ₹210.00 | ₹225.05 | +7.17% | ₹77.35 | −63.17% |
| Tunwal E-Motors SME | 23 Jul 2024 | ₹59.00 | ₹64.00 | +8.47% | ₹22.80 | −61.36% |
| Sati Poly Plast SME | 22 Jul 2024 | ₹130.00 | ₹247.00 | SME cap +90.00% | ₹35.00 | −73.08% |
| Three M Paper Boards SME | 22 Jul 2024 | ₹69.00 | ₹76.00 | +10.14% | ₹22.00 | −68.12% |
| Sahaj Solar SME | 19 Jul 2024 | ₹180.00 | ₹342.00 | SME cap +90.00% | ₹88.95 | −1.17% |
| Ambey Laboratories SME | 11 Jul 2024 | ₹68.00 | ₹85.00 | +25.00% | ₹27.55 | −59.49% |
| Nephro Care India SME | 5 Jul 2024 | ₹90.00 | ₹171.00 | SME cap +90.00% | ₹77.35 | −14.06% |
| Vraj Iron & Steel Mainboard | 3 Jul 2024 | ₹207.00 | ₹240.00 | +15.94% | ₹126.18 | −39.04% |
| Shivalic Power Control SME | 1 Jul 2024 | ₹100.00 | ₹311.00 | +211.00% | ₹47.40 | −52.60% |
| Sylvan Plyboard (India) SME | 1 Jul 2024 | ₹55.00 | ₹66.00 | +20.00% | ₹48.50 | −11.82% |
| Visaman Global Sales SME | 1 Jul 2024 | ₹43.00 | ₹45.10 | +4.88% | ₹19.45 | −54.77% |
| Medicamen Organics SME | 28 Jun 2024 | ₹34.00 | ₹137.85 | +305.44% | ₹25.90 | −23.82% |
| Stanley Lifestyles Mainboard | 28 Jun 2024 | ₹369.00 | ₹499.00 | +35.23% | ₹131.59 | −64.34% |
| Dindigul Farm Product SME | 27 Jun 2024 | ₹54.00 | ₹102.60 | SME cap +90.00% | ₹36.65 | −32.13% |
| Winny Immigration & Education Services SME | 27 Jun 2024 | ₹140.00 | ₹240.00 | +71.43% | ₹30.95 | −77.89% |
| Akme Fintrade (India) Mainboard | 26 Jun 2024 | ₹120.00 | ₹125.70 | +4.75% | ₹6.99 | −41.75% |
| Falcon Technoprojects India SME | 26 Jun 2024 | ₹92.00 | ₹84.00 | −8.70% | ₹12.10 | −86.85% |
| Gem Enviro Management SME | 26 Jun 2024 | ₹75.00 | ₹142.50 | SME cap +90.00% | ₹38.22 | −49.04% |
| United Cotfab SME | 24 Jun 2024 | ₹70.00 | ₹75.00 | +7.14% | ₹12.66 | −81.91% |
| 3C IT Solutions & Telecoms (India) SME | 12 Jun 2024 | ₹52.00 | ₹43.01 | −17.29% | ₹19.00 | −63.46% |
| Magenta Lifecare SME | 12 Jun 2024 | ₹35.00 | ₹45.00 | +28.57% | ₹9.50 | −72.86% |
| TBI Corn SME | 7 Jun 2024 | ₹94.00 | ₹198.00 | +110.64% | ₹69.75 | −25.80% |
| Associated Coaters SME | 6 Jun 2024 | ₹121.00 | ₹142.00 | +17.36% | ₹91.00 | −24.79% |
| AWFIS Space Solutions Mainboard | 30 May 2024 | ₹383.00 | ₹432.25 | +12.86% | ₹256.19 | −33.11% |
| Rulka Electricals SME | 24 May 2024 | ₹235.00 | ₹525.00 | +123.40% | ₹101.50 | −56.81% |
| Go Digit General Insurance Mainboard | 23 May 2024 | ₹272.00 | ₹281.10 | +3.35% | ₹257.15 | −5.46% |
| Quest Laboratories SME | 23 May 2024 | ₹97.00 | ₹155.10 | +59.90% | ₹87.50 | −9.79% |
| Indian Emulsifiers SME | 22 May 2024 | ₹132.00 | ₹430.00 | +225.76% | ₹33.35 | −74.73% |
| Mandeep Auto Industries SME | 21 May 2024 | ₹67.00 | ₹62.25 | −7.09% | ₹16.50 | −75.37% |
| Veritaas Advertising SME | 21 May 2024 | ₹114.00 | ₹275.00 | +141.23% | ₹30.50 | −73.25% |
| Piotex Industries SME | 17 May 2024 | ₹94.00 | ₹109.00 | +15.96% | ₹22.80 | −75.74% |
| Premier Roadlines SME | 17 May 2024 | ₹67.00 | ₹87.00 | +29.85% | ₹40.90 | −38.96% |
| Energy-Mission Machineries (India) SME | 16 May 2024 | ₹138.00 | ₹366.00 | +165.22% | ₹108.00 | −21.74% |
| Finelistings Technologies SME | 14 May 2024 | ₹123.00 | ₹127.00 | +3.25% | ₹33.62 | −72.67% |
| Amkay Products SME | 8 May 2024 | ₹55.00 | ₹104.50 | SME cap +90.00% | ₹53.50 | −2.73% |
| Sai Swami Metals and Alloys SME | 8 May 2024 | ₹60.00 | ₹114.00 | SME cap +90.00% | ₹7.90 | −86.83% |
| Storage Technologies & Automation SME | 8 May 2024 | ₹78.00 | ₹148.20 | SME cap +90.00% | ₹34.84 | −55.33% |
| JNK India Mainboard | 30 Apr 2024 | ₹415.00 | ₹620.00 | +49.40% | ₹413.35 | −0.40% |
| Varyaa Creations SME | 30 Apr 2024 | ₹150.00 | ₹285.00 | SME cap +90.00% | ₹26.50 | −82.33% |
| Faalcon Concepts SME | 26 Apr 2024 | ₹62.00 | ₹95.00 | +53.23% | ₹32.61 | −47.40% |
| Grill Splendour Services SME | 23 Apr 2024 | ₹120.00 | ₹121.30 | +1.08% | ₹70.00 | −41.67% |
| Ramdevbaba Solvent SME | 23 Apr 2024 | ₹85.00 | ₹112.00 | +31.76% | ₹77.00 | −9.41% |
| Greenhitech Ventures SME | 22 Apr 2024 | ₹50.00 | ₹95.00 | SME cap +90.00% | ₹32.60 | −34.80% |
| DCG Cables & Wires SME | 16 Apr 2024 | ₹100.00 | ₹90.00 | −10.00% | ₹67.35 | −32.65% |
| Teerth Gopicon SME | 16 Apr 2024 | ₹111.00 | ₹125.00 | +12.61% | ₹9.30 | −91.62% |
| Aluwind Architectural SME | 9 Apr 2024 | ₹45.00 | ₹45.00 | 0.00% | ₹44.10 | −2.00% |
| Jay Kailash Namkeen SME | 8 Apr 2024 | ₹73.00 | ₹85.00 | +16.44% | ₹47.14 | −35.42% |
| K2 Infragen SME | 8 Apr 2024 | ₹119.00 | ₹167.00 | +40.34% | ₹40.50 | −65.97% |
| Radiowalla Network SME | 5 Apr 2024 | ₹76.00 | ₹120.15 | +58.09% | ₹21.85 | −71.25% |
| Trust Fintech SME | 4 Apr 2024 | ₹101.00 | ₹143.25 | +41.83% | ₹24.95 | −75.30% |
| Aspire & Innovative Advertising SME | 3 Apr 2024 | ₹54.00 | ₹56.50 | +4.63% | ₹16.95 | −68.61% |
| Blue Pebble SME | 3 Apr 2024 | ₹168.00 | ₹199.00 | +18.45% | ₹65.95 | −60.74% |
| Gconnect Logitech & Supply Chain SME | 3 Apr 2024 | ₹40.00 | ₹42.00 | +5.00% | ₹10.66 | −73.35% |
| Naman In-Store (India) SME | 2 Apr 2024 | ₹89.00 | ₹125.00 | +40.45% | ₹42.95 | −51.74% |
| Vishwas Agri Seeds SME | 1 Apr 2024 | ₹86.00 | ₹85.00 | −1.16% | ₹35.95 | −58.20% |
| Omfurn India SME | 28 Mar 2024 | ₹75.00 | ₹76.60 | +2.13% | ₹52.00 | −30.67% |
| Krystal Integrated Services Mainboard | 21 Mar 2024 | ₹715.00 | ₹795.00 | +11.19% | ₹579.85 | −18.90% |
| AVP Infracon SME | 20 Mar 2024 | ₹75.00 | ₹79.00 | +5.33% | ₹59.35 | −20.87% |
| Popular Vehicles & Services Mainboard | 19 Mar 2024 | ₹295.00 | ₹292.00 | −1.02% | ₹95.00 | −67.80% |
| Royal Sense SME | 19 Mar 2024 | ₹68.00 | ₹129.20 | SME cap +90.00% | ₹67.70 | −0.44% |
| Gopal Snacks Mainboard | 14 Mar 2024 | ₹401.00 | ₹350.00 | −12.72% | ₹246.88 | −38.43% |
| Sona Machinery SME | 13 Mar 2024 | ₹143.00 | ₹125.00 | −12.59% | ₹32.50 | −77.27% |
| R K Swamy Mainboard | 12 Mar 2024 | ₹288.00 | ₹252.00 | −12.50% | ₹79.58 | −72.37% |
| Mukka Proteins Mainboard | 7 Mar 2024 | ₹28.00 | ₹44.00 | +57.14% | ₹25.10 | −10.36% |
| Purv Flexipack SME | 5 Mar 2024 | ₹71.00 | ₹260.00 | +266.20% | ₹40.55 | −42.89% |
| Owais Metal and Mineral Processing SME | 4 Mar 2024 | ₹87.00 | ₹250.00 | +187.36% | ₹69.10 | −20.57% |
| GPT Healthcare Mainboard | 29 Feb 2024 | ₹186.00 | ₹216.15 | +16.21% | ₹141.04 | −24.17% |
| Juniper Hotels Mainboard | 28 Feb 2024 | ₹360.00 | ₹361.20 | +0.33% | ₹202.07 | −43.87% |
| Deem Roll-Tech SME | 27 Feb 2024 | ₹129.00 | ₹200.00 | +55.04% | ₹53.60 | −58.45% |
| Zenith Drugs SME | 27 Feb 2024 | ₹79.00 | ₹110.00 | +39.24% | ₹39.55 | −49.94% |
| Vibhor Steel Tubes Mainboard | 20 Feb 2024 | ₹151.00 | ₹421.00 | +178.81% | ₹98.70 | −34.64% |
| Wise Travel India SME | 19 Feb 2024 | ₹147.00 | ₹195.00 | +32.65% | ₹98.95 | −32.69% |
| Polysil Irrigation Systems SME | 16 Feb 2024 | ₹54.00 | ₹56.00 | +3.70% | ₹40.50 | −25.00% |
| Capital Small Finance Bank Mainboard | 14 Feb 2024 | ₹468.00 | ₹435.00 | −7.05% | ₹263.10 | −43.78% |
| Jana Small Finance Bank Mainboard | 14 Feb 2024 | ₹414.00 | ₹396.00 | −4.35% | ₹405.25 | −2.11% |
| Apeejay Surrendra Park Hotels Mainboard | 12 Feb 2024 | ₹155.00 | ₹187.00 | +20.65% | ₹102.66 | −33.77% |
| Italian Edibles SME | 12 Feb 2024 | ₹68.00 | ₹55.00 | −19.12% | ₹28.25 | −58.46% |
| Gabriel Pet Straps SME | 7 Feb 2024 | ₹101.00 | ₹115.00 | +13.86% | ₹63.18 | −37.45% |
| Baweja Studios SME | 6 Feb 2024 | ₹180.00 | ₹183.00 | +1.67% | ₹25.40 | −85.89% |
| Delaplex SME | 2 Feb 2024 | ₹192.00 | ₹309.00 | +60.94% | ₹128.95 | −32.84% |
| Docmode Health Technologies SME | 2 Feb 2024 | ₹79.00 | ₹190.25 | +140.82% | ₹21.20 | −73.16% |
| Brisk Technovision SME | 31 Jan 2024 | ₹156.00 | ₹175.00 | +12.18% | ₹76.80 | −50.77% |
| Nova Agritech Mainboard | 31 Jan 2024 | ₹41.00 | ₹56.00 | +36.59% | ₹21.34 | −47.95% |
| Addictive Learning Technology SME | 30 Jan 2024 | ₹140.00 | ₹310.00 | +121.43% | ₹45.65 | −67.39% |
| Epack Durable Mainboard | 30 Jan 2024 | ₹230.00 | ₹225.00 | −2.17% | ₹157.83 | −31.38% |
| Euphoria Infotech (India) SME | 30 Jan 2024 | ₹100.00 | ₹190.00 | SME cap +90.00% | ₹28.90 | −71.10% |
| Konstelec Engineers SME | 30 Jan 2024 | ₹70.00 | ₹210.00 | +200.00% | ₹40.15 | −42.64% |
| Maxposure SME | 23 Jan 2024 | ₹33.00 | ₹145.00 | +339.39% | ₹30.00 | −9.09% |
| Medi Assist Healthcare Services Mainboard | 23 Jan 2024 | ₹418.00 | ₹465.00 | +11.24% | ₹290.10 | −30.60% |
| Shree Marutinandan Tubes SME | 19 Jan 2024 | ₹143.00 | ₹200.00 | +39.86% | ₹48.00 | −66.43% |
| New Swan Multitech SME | 18 Jan 2024 | ₹66.00 | ₹125.40 | SME cap +90.00% | ₹37.99 | −42.44% |
| Kaushalya Logistics SME | 8 Jan 2024 | ₹75.00 | ₹100.00 | +33.33% | ₹38.15 | −49.13% |
| HRH Next Services SME | 3 Jan 2024 | ₹36.00 | ₹41.00 | +13.89% | ₹23.15 | −35.69% |
| Aik Pipes & Polymers SME | 2 Jan 2024 | ₹89.00 | ₹100.00 | +12.36% | ₹29.16 | −67.24% |
| Sameera Agro and Infra SME | 1 Jan 2024 | ₹180.00 | ₹180.00 | 0.00% | ₹3.90 | −89.17% |
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 IPOs listed
Listing-day gain of the 340 issues with a listing price, in fixed bands.
- −20% or worse 3 0.9%
- −20% to −10% 10 2.9%
- −10% to 0% 26 7.6%
- At issue price 12 3.5%
- 0% to 10% 50 14.7%
- 10% to 25% 53 15.6%
- 25% to 50% 62 18.2%
- 50% to 90% 34 10.0%
- 90% or more 90 26.5%
Hatched: opened at the SME price limit (+90% cap or −20% floor).
54 SME issues opened at exactly +90%, the most an SME listing may open above its issue price, and 0 at exactly −20%, the lowest it may open. An open at a limit is the cap, not the price trading would otherwise have settled on, which is one reason the median is a better guide to a typical listing than the average.
Listing gains by issue size
Total offer as disclosed.
| Issue size | IPOs | Median listing gain | Listed above issue | Now below issue |
|---|---|---|---|---|
| Under ₹50 Cr | 185 | +36.36% | 88.1% | 116 of 183 |
| ₹50 Cr to ₹250 Cr | 77 | +36.59% | 89.6% | 34 of 77 |
| ₹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 |
| Not disclosed | 2 | +7.17% | 100.0% | 1 of 1 |
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% |
| All IPOs | 341 | +49.05% | +30.91% | 289 / 12 / 39 | 85.0% |
Listing gains by month
By listing date. Averages cover issues with a recorded listing price.
| Month | Listed | Average gain | Median gain | Above issue |
|---|---|---|---|---|
| Jan 2024 | 22 | +80.51% | +34.96% | 20 of 22 |
| Feb 2024 | 29 | +58.82% | +20.65% | 25 of 29 |
| Mar 2024 | 27 | +39.34% | +19.79% | 21 of 27 |
| Apr 2024 | 27 | +36.37% | +18.45% | 24 of 27 |
| May 2024 | 26 | +82.13% | +54.95% | 23 of 26 |
| Jun 2024 | 22 | +62.78% | +45.71% | 19 of 22 |
| Jul 2024 | 31 | +66.86% | +73.68% | 31 of 31 |
| Aug 2024 | 33 | +47.37% | +34.41% | 31 of 33 |
| Sep 2024 | 48 | +30.23% | +23.78% | 37 of 47 |
| Oct 2024 | 29 | +21.54% | +6.11% | 21 of 29 |
| Nov 2024 | 12 | +7.34% | +2.78% | 7 of 12 |
| Dec 2024 | 35 | +53.40% | +51.84% | 30 of 35 |
Highest listing-day gains
| IPO | Listed | Issue price | Listing price | Listing gain |
|---|---|---|---|---|
| Winsol Engineers SME | 14 May 2024 | ₹75.00 | ₹365.00 | +386.67% |
| Kay Cee Energy & Infra SME | 5 Jan 2024 | ₹54.00 | ₹252.00 | +366.67% |
| Maxposure SME | 23 Jan 2024 | ₹33.00 | ₹145.00 | +339.39% |
| Medicamen Organics SME | 28 Jun 2024 | ₹34.00 | ₹137.85 | +305.44% |
| GP Eco Solutions India SME | 24 Jun 2024 | ₹94.00 | ₹375.00 | +298.94% |
Lowest listing-day gains
| IPO | Listed | Issue price | Listing price | Listing gain |
|---|---|---|---|---|
| M.V.K. Agro Food Product SME | 7 Mar 2024 | ₹120.00 | ₹79.00 | −34.17% |
| Kalana Ispat SME | 26 Sep 2024 | ₹66.00 | ₹45.15 | −31.59% |
| Bikewo Green Tech SME | 27 Sep 2024 | ₹62.00 | ₹45.00 | −27.42% |
| Italian Edibles SME | 12 Feb 2024 | ₹68.00 | ₹55.00 | −19.12% |
| Lamosaic India SME | 29 Nov 2024 | ₹200.00 | ₹164.00 | −18.00% |
Highest return since issue
| IPO | Listed | Issue price | Current price | Since issue |
|---|---|---|---|---|
| Hoac Foods India SME | 24 May 2024 | ₹48.00 | ₹861.90 | +1,695.63% |
| Divine Power Energy SME | 2 Jul 2024 | ₹40.00 | ₹699.45 | +1,648.63% |
| Prizor Viztech SME | 22 Jul 2024 | ₹87.00 | ₹1,318.55 | +1,415.57% |
| Aimtron Electronics SME | 6 Jun 2024 | ₹161.00 | ₹1,920.50 | +1,092.86% |
| Afcom Holdings SME | 9 Aug 2024 | ₹108.00 | ₹1,262.75 | +1,069.21% |
Lowest return since issue
| IPO | Listed | Issue price | Current price | Since issue |
|---|---|---|---|---|
| Teerth Gopicon SME | 16 Apr 2024 | ₹111.00 | ₹9.30 | −91.62% |
| Sameera Agro and Infra SME | 1 Jan 2024 | ₹180.00 | ₹3.90 | −89.17% |
| Picturepost Studios SME | 9 Aug 2024 | ₹24.00 | ₹2.80 | −88.33% |
| Falcon Technoprojects India SME | 26 Jun 2024 | ₹92.00 | ₹12.10 | −86.85% |
| Sai Swami Metals and Alloys SME | 8 May 2024 | ₹60.00 | ₹7.90 | −86.83% |
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.
- On listing day an SME issue opens through a pre-open call auction whose price may be at most 90% above the issue price (NSE from July 2024, BSE likewise) and, since 2025, at most 20% below it. Rows that opened exactly at a limit are marked "SME cap" or "SME floor".
Frequently asked questions
How did IPOs perform on listing day in 2024?
341 IPOs listed on NSE and BSE in 2024: 93 mainboard and 248 SME. Across them, the average listing-day gain was +49.05% (median +30.91%), and 289 of the 340 IPOs with a listing price (85.0%) listed above their issue price.
How many 2024 IPOs are trading below their issue price?
185 of the 335 IPOs with a current price (55.2%) traded below their issue price at the close of 4 Nov 2026, 148 of them after listing above it. The median return since issue is −9.80%; 61 have doubled or more and 84 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.
Why do so many SME IPOs list at exactly +90% or −20%?
On listing day an SME issue opens through a pre-open call auction whose price may be at most 90% above the issue price (NSE from July 2024, BSE likewise) and, since 2025, at most 20% below it. Rows that opened exactly at a limit are marked "SME cap" or "SME floor".
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