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IPO Listing Gains in 2025

Final for 2025: every mainboard and SME IPO that listed in the year.

Last updated

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MCP
IPOs listed
377
108 mainboard · 269 SME
Median listing gain
+3.52%
average +10.56%
Listed above issue
62.9%
237 above · 32 at · 108 below
Trading below issue now
202
54.0% of 374 priced
Median return since issue
−9.12%
65 doubled · 80 halved

377 IPOs listed on NSE and BSE in 2025: 108 mainboard and 269 SME. Across them, the average listing-day gain was +10.56% (median +3.52%), and 237 of the 377 IPOs with a listing price (62.9%) listed above their issue price.

202 of the 374 IPOs with a current price (54.0%) traded below their issue price at the close of 4 Nov 2026, 104 of them after listing above it. The median return since issue is −9.12%; 65 have doubled or more and 80 have lost half or more.

Every IPO listed in 2025

Showing 377 of 377 · latest listing 31 Dec 2025

IPO Listed Issue price Listing price Listing gain Current price Since issue
Admach Systems SME31 Dec 2025₹239.00₹191.20SME floor −20.00%₹438.00+83.26%
Apollo Techno Industries SME31 Dec 2025₹130.00₹145.00 +11.54%₹85.00−34.62%
Bai-Kakaji Polymers SME31 Dec 2025₹186.00₹190.00 +2.15%₹289.55+55.67%
Dhara Rail Projects SME31 Dec 2025₹126.00₹150.00 +19.05%₹128.00+1.59%
Nanta Tech SME31 Dec 2025₹220.00₹234.00 +6.36%₹324.25+47.39%
Dachepalli Publishers SME30 Dec 2025₹102.00₹81.60SME floor −20.00%₹91.05−10.74%
EPW India SME30 Dec 2025₹97.00₹111.00 +14.43%₹255.00+162.89%
Gujarat Kidney & Super Speciality Mainboard30 Dec 2025₹114.00₹120.75 +5.92%₹159.71+40.10%
Shyam Dhani Industries SME30 Dec 2025₹70.00₹133.00SME cap +90.00%₹51.45−26.50%
Sundrex Oil Company SME30 Dec 2025₹86.00₹68.80SME floor −20.00%₹28.25−67.15%
Global Ocean Logistics India SME24 Dec 2025₹78.00₹79.20 +1.54%₹102.95+31.99%
Marc Technocrats SME24 Dec 2025₹93.00₹74.40SME floor −20.00%₹145.10+56.02%
KSH International Mainboard23 Dec 2025₹384.00₹370.00 −3.65%₹985.45+156.63%
Neptune Logitek SME22 Dec 2025₹126.00₹100.80SME floor −20.00%₹28.10−77.70%
Ashwini Container Movers SME19 Dec 2025₹142.00₹147.00 +3.52%₹151.50+6.69%
Exim Routes SME19 Dec 2025₹88.00₹110.00 +25.00%₹80.20−8.86%
ICICI Prudential Asset Management Co Mainboard19 Dec 2025₹2,165.00₹2,606.20 +20.38%₹2,880.20+33.03%
Stanbik Agro SME19 Dec 2025₹30.00₹31.75 +5.83%₹22.01−26.63%
HRS Aluglaze SME18 Dec 2025₹96.00₹126.00 +31.25%₹241.35+151.41%
Pajson Agro India SME18 Dec 2025₹118.00₹124.00 +5.08%₹298.90+153.31%
Nephrocare Health Services Mainboard17 Dec 2025₹460.00₹491.70 +6.89%₹622.35+35.29%
Park Medi World Mainboard17 Dec 2025₹162.00₹155.60 −3.95%₹230.45+42.25%
Shipwaves Online SME17 Dec 2025₹12.00₹12.00 0.00%₹2.95−75.42%
Unisem Agritech SME17 Dec 2025₹65.00₹65.00 0.00%₹42.01−35.37%
Corona Remedies Mainboard15 Dec 2025₹1,062.00₹1,452.00 +36.72%₹2,405.80+126.53%
K. V. Toys India SME15 Dec 2025₹239.00₹320.00 +33.89%₹215.00−10.04%
Prodocs Solutions SME15 Dec 2025₹138.00₹144.00 +4.35%₹138.000.00%
Riddhi Display Equipments SME15 Dec 2025₹100.00₹80.00SME floor −20.00%₹25.70−74.30%
Wakefit Innovations Mainboard15 Dec 2025₹195.00₹195.00 0.00%₹137.47−29.50%
Encompass Design India SME12 Dec 2025₹107.00₹203.30SME cap +90.00%₹221.30+106.82%
Flywings Simulator Training Centre SME12 Dec 2025₹191.00₹195.00 +2.09%₹276.05+44.53%
Methodhub Software SME12 Dec 2025₹194.00₹155.20SME floor −20.00%₹67.00−65.46%
Luxury Time SME11 Dec 2025₹82.00₹155.80SME cap +90.00%₹71.75−12.50%
Western Overseas Study Abroad SME11 Dec 2025₹56.00₹54.90 −1.96%₹20.25−63.84%
Aequs Mainboard10 Dec 2025₹124.00₹140.00 +12.90%₹219.59+77.09%
Meesho Mainboard10 Dec 2025₹111.00₹161.20 +45.23%₹224.55+102.30%
Shri Kanha Stainless SME10 Dec 2025₹90.00₹88.00 −2.22%₹20.25−77.50%
Vidya Wires Mainboard10 Dec 2025₹52.00₹52.13 +0.25%₹81.77+57.25%
Helloji Holidays SME9 Dec 2025₹118.00₹118.00 0.00%₹120.70+2.29%
Neochem Bio Solutions SME9 Dec 2025₹98.00₹108.00 +10.20%₹105.00+7.14%
Astron Multigrain SME8 Dec 2025₹63.00₹50.40SME floor −20.00%₹18.29−70.97%
Clear Secured Services SME8 Dec 2025₹132.00₹119.00 −9.85%₹68.45−48.14%
Invicta Diagnostic SME8 Dec 2025₹85.00₹100.00 +17.65%₹68.00−20.00%
Ravelcare SME8 Dec 2025₹130.00₹201.00 +54.62%₹87.67−32.56%
SPEB Adhesives SME8 Dec 2025₹56.00₹60.00 +7.14%₹71.70+28.04%
Exato Technologies SME5 Dec 2025₹140.00₹266.00SME cap +90.00%₹594.65+324.75%
Logiciel Solutions SME5 Dec 2025₹193.00₹154.40SME floor −20.00%₹25.75−86.66%
Purple Wave Infocom SME5 Dec 2025₹126.00₹132.00 +4.76%₹495.85+293.53%
K K Silk Mills SME3 Dec 2025₹38.00₹32.00 −15.79%₹9.07−76.13%
Mother Nutri Foods SME3 Dec 2025₹117.00₹118.40 +1.20%₹152.30+30.17%
SSMD Agrotech India SME2 Dec 2025₹121.00₹73.00 −39.67%₹52.00−57.02%
Sudeep Pharma Mainboard28 Nov 2025₹593.00₹733.95 +23.77%₹1,116.70+88.31%
Excelsoft Technologies Mainboard26 Nov 2025₹120.00₹135.00 +12.50%₹80.93−32.56%
Gallard Steel SME26 Nov 2025₹150.00₹223.10 +48.73%₹134.90−10.07%
Capillary Technologies India Mainboard21 Nov 2025₹577.00₹560.00 −2.95%₹510.10−11.59%
Fujiyama Power Systems Mainboard20 Nov 2025₹228.00₹218.40 −4.21%₹393.65+72.65%
Tenneco Clean Air India Mainboard19 Nov 2025₹397.00₹498.00 +25.44%₹464.25+16.94%
Emmvee Photovoltaic Power Mainboard18 Nov 2025₹217.00₹217.00 0.00%₹246.41+13.55%
Mahamaya Lifesciences SME18 Nov 2025₹114.00₹116.00 +1.75%₹181.00+58.77%
Physicswallah Mainboard18 Nov 2025₹109.00₹143.10 +31.28%₹127.41+16.89%
Workmates Core2cloud Solution SME18 Nov 2025₹204.00₹387.60SME cap +90.00%₹451.50+121.32%
Curis Lifesciences SME14 Nov 2025₹128.00₹146.10 +14.14%₹177.00+38.28%
Pine Labs Mainboard14 Nov 2025₹221.00₹242.00 +9.50%₹157.77−28.61%
Shining Tools SME14 Nov 2025₹114.00₹104.00 −8.77%₹202.75+77.85%
Finbud Financial Services SME13 Nov 2025₹142.00₹157.00 +10.56%₹117.00−17.61%
Billionbrains Garage Ventures Mainboard12 Nov 2025₹100.00₹114.00 +14.00%₹207.23+107.23%
Shreeji Global FMCG SME12 Nov 2025₹125.00₹100.00SME floor −20.00%₹193.65+54.92%
Lenskart Solutions Mainboard10 Nov 2025₹402.00₹390.00 −2.99%₹689.70+71.57%
Studds Accessories Mainboard7 Nov 2025₹585.00₹570.00 −2.56%₹390.45−33.26%
Orkla India Mainboard6 Nov 2025₹730.00₹751.50 +2.95%₹528.10−27.66%
Safecure Services SME6 Nov 2025₹102.00₹81.60SME floor −20.00%₹24.65−75.83%
Game Changers Texfab SME4 Nov 2025₹102.00₹104.15 +2.11%₹98.00−3.92%
Jayesh Logistics SME3 Nov 2025₹122.00₹120.00 −1.64%₹125.00+2.46%
Midwest Mainboard24 Oct 2025₹1,065.00₹1,165.10 +9.40%₹986.00−7.42%
Canara HSBC Life Insurance Company Mainboard17 Oct 2025₹106.00₹106.00 0.00%₹122.89+15.93%
SK Minerals & Additives SME17 Oct 2025₹127.00₹145.00 +14.17%₹406.00+219.69%
Shlokka Dyes SME17 Oct 2025₹91.00₹90.00 −1.10%₹42.48−53.32%
Sihora Industries SME17 Oct 2025₹66.00₹70.00 +6.06%₹60.00−9.09%
Anantam Highways Trust Mainboard16 Oct 2025₹100.00₹103.02 +3.02%₹102.51+2.30%
Canara Robeco Asset Management Company Mainboard16 Oct 2025₹266.00₹280.25 +5.36%₹227.61−14.43%
Rubicon Research Mainboard16 Oct 2025₹485.00₹620.10 +27.86%₹1,716.80+253.98%
LG Electronics India Mainboard14 Oct 2025₹1,140.00₹1,715.00 +50.44%₹1,692.10+48.43%
Mittal Sections SME14 Oct 2025₹143.00₹114.40SME floor −20.00%₹25.00−82.52%
Tata Capital Mainboard13 Oct 2025₹326.00₹330.00 +1.23%₹337.75+3.60%
NSB BPO Solutions SME10 Oct 2025₹121.00₹121.45 +0.37%₹23.46−80.61%
Wework India Management Mainboard10 Oct 2025₹648.00₹650.00 +0.31%₹680.50+5.02%
DSM Fresh Foods SME9 Oct 2025₹100.00₹120.00 +20.00%₹45.15−54.85%
Greenleaf Envirotech SME9 Oct 2025₹136.00₹134.90 −0.81%₹95.75−29.60%
Advance Agrolife Mainboard8 Oct 2025₹100.00₹113.00 +13.00%₹131.28+31.28%
B.A.G. Convergence SME8 Oct 2025₹87.00₹101.00 +16.09%₹110.95+27.53%
Chiraharit SME8 Oct 2025₹21.00₹16.80SME floor −20.00%₹11.20−46.67%
Infinity Infoway SME8 Oct 2025₹155.00₹294.50SME cap +90.00%₹703.00+353.55%
Munish Forge SME8 Oct 2025₹96.00₹105.00 +9.38%₹83.00−13.54%
Om Freight Forwarders Mainboard8 Oct 2025₹135.00₹82.50 −38.89%₹110.34−18.27%
Sheel Biotech SME8 Oct 2025₹63.00₹91.00 +44.44%₹56.65−10.08%
Sunsky Logistics SME8 Oct 2025₹46.00₹51.00 +10.87%₹42.30−8.04%
Valplast Technologies SME8 Oct 2025₹54.00₹57.00 +5.56%₹34.00−37.04%
Zelio E-Mobility SME8 Oct 2025₹136.00₹154.90 +13.90%₹1,034.10+660.37%
Dhillon Freight Carrier SME7 Oct 2025₹72.00₹57.60SME floor −20.00%₹35.50−50.69%
Fabtech Technologies Mainboard7 Oct 2025₹191.00₹191.00 0.00%₹132.30−30.73%
Glottis Mainboard7 Oct 2025₹129.00₹88.00 −31.78%₹56.58−56.14%
Om Metallogic SME7 Oct 2025₹86.00₹85.00 −1.16%₹28.27−67.13%
Sodhani Capital SME7 Oct 2025₹51.00₹80.00 +56.86%₹73.98+45.06%
Suba Hotels SME7 Oct 2025₹111.00₹154.20 +38.92%₹87.00−21.62%
Vijaypd Ceutical SME7 Oct 2025₹35.00₹35.00 0.00%₹78.00+122.86%
Ameenji Rubber SME6 Oct 2025₹100.00₹101.00 +1.00%₹236.10+136.10%
Bhavik Enterprises SME6 Oct 2025₹140.00₹143.00 +2.14%₹145.75+4.11%
KVS Castings SME6 Oct 2025₹56.00₹66.30 +18.39%₹64.99+16.05%
M P K Steels (I) SME6 Oct 2025₹79.00₹80.00 +1.27%₹46.06−41.70%
Manas Polymers & Energies SME6 Oct 2025₹81.00₹153.90SME cap +90.00%₹24.00−70.37%
Pace Digitek Mainboard6 Oct 2025₹219.00₹226.85 +3.58%₹161.03−26.47%
Rukmani Devi Garg Agro Impex SME6 Oct 2025₹99.00₹79.20SME floor −20.00%₹135.50+36.87%
Chatterbox Technologies SME3 Oct 2025₹115.00₹135.00 +17.39%₹35.00−69.57%
Earkart Limited SME3 Oct 2025₹135.00₹135.50 +0.37%₹117.00−13.33%
Gujarat Peanut & Agri Products SME3 Oct 2025₹80.00₹64.00SME floor −20.00%₹87.99+9.99%
Jinkushal Industries Mainboard3 Oct 2025₹121.00₹125.00 +3.31%₹103.56−14.41%
Telge Projects SME3 Oct 2025₹105.00₹108.10 +2.95%₹187.00+78.10%
TruAlt Bioenergy Mainboard3 Oct 2025₹496.00₹550.00 +10.89%₹369.45−25.51%
BMW Ventures Mainboard1 Oct 2025₹99.00₹80.00 −19.19%₹65.00−34.34%
EPack Prefab Technologies Mainboard1 Oct 2025₹204.00₹186.10 −8.77%₹205.01+0.50%
Gurunanak Agriculture India SME1 Oct 2025₹75.00₹60.00SME floor −20.00%₹36.80−50.93%
Jain Resource Recycling Mainboard1 Oct 2025₹232.00₹265.25 +14.33%₹280.00+20.69%
Justo Realfintech SME1 Oct 2025₹127.00₹126.90 −0.08%₹82.67−34.91%
Praruh Technologies SME1 Oct 2025₹63.00₹63.00 0.00%₹150.00+138.10%
Solvex Edibles SME1 Oct 2025₹72.00₹68.00 −5.56%₹14.60−79.72%
Systematic Industries SME1 Oct 2025₹195.00₹193.80 −0.62%₹236.60+21.33%
Anand Rathi Share & Stock Brokers Mainboard30 Sep 2025₹414.00₹432.10 +4.37%₹485.30+17.22%
Aptus Pharma SME30 Sep 2025₹70.00₹80.80 +15.43%₹466.50+1,566.07%
BharatRohan Airborne Innovations SME30 Sep 2025₹85.00₹90.00 +5.88%₹87.00+2.35%
Ecoline Exim SME30 Sep 2025₹141.00₹140.85 −0.11%₹179.50+27.30%
Jaro Institute of Technol. Mgt. and Research Mainboard30 Sep 2025₹890.00₹890.00 0.00%₹334.45−62.42%
Matrix Geo Solutions SME30 Sep 2025₹104.00₹103.90 −0.10%₹45.70−56.06%
Seshaasai Technologies Mainboard30 Sep 2025₹423.00₹436.00 +3.07%₹318.05−24.81%
Solarworld Energy Solutions Mainboard30 Sep 2025₹351.00₹389.00 +10.83%₹109.25−68.87%
True Colors SME30 Sep 2025₹191.00₹191.00 0.00%₹146.15−23.48%
Atlanta Electricals Mainboard29 Sep 2025₹754.00₹858.10 +13.81%₹1,515.10+100.94%
Ganesh Consumer Products Mainboard29 Sep 2025₹322.00₹295.00 −8.39%₹192.36−40.26%
Prime Cable Industries Limited SME29 Sep 2025₹83.00₹81.00 −2.41%₹183.45+121.02%
GK Energy Mainboard26 Sep 2025₹153.00₹165.00 +7.84%₹101.77−33.48%
Saatvik Green Energy Mainboard26 Sep 2025₹465.00₹460.00 −1.08%₹368.50−20.75%
Siddhi Cotspin SME26 Sep 2025₹108.00₹86.40SME floor −20.00%₹26.50−75.46%
Ivalue Infosolutions Mainboard25 Sep 2025₹299.00₹285.00 −4.68%₹189.37−36.67%
JD Cables SME25 Sep 2025₹152.00₹160.00 +5.26%₹170.50+12.17%
Sampat Aluminium SME24 Sep 2025₹120.00₹120.00 0.00%₹31.55−73.71%
VMS TMT Mainboard24 Sep 2025₹99.00₹105.00 +6.06%₹43.29−56.27%
Euro Pratik Sales Mainboard23 Sep 2025₹247.00₹273.45 +10.71%₹187.21−24.21%
TechD Cybersecurity SME22 Sep 2025₹193.00₹366.70SME cap +90.00%₹554.95+187.54%
L. T. Elevator SME19 Sep 2025₹78.00₹136.10 +74.49%₹309.15+296.35%
Airfloa Rail Technology SME18 Sep 2025₹140.00₹266.00SME cap +90.00%₹455.55+225.39%
Dev Accelerator Mainboard17 Sep 2025₹61.00₹61.30 +0.49%₹45.03−26.18%
Galaxy Medicare SME17 Sep 2025₹54.00₹54.00 0.00%₹17.70−67.22%
Jay Ambe Supermarkets SME17 Sep 2025₹78.00₹79.00 +1.28%₹93.50+19.87%
Shringar House of Mangalsutra Mainboard17 Sep 2025₹165.00₹187.70 +13.76%₹291.30+76.55%
Urban Company Mainboard17 Sep 2025₹103.00₹161.00 +56.31%₹155.01+50.50%
Karbonsteel Engineering SME16 Sep 2025₹159.00₹185.10 +16.42%₹102.00−35.85%
Krupalu Metals SME16 Sep 2025₹72.00₹57.60SME floor −20.00%₹28.25−60.76%
Nilachal Carbo Metalicks SME16 Sep 2025₹85.00₹68.00SME floor −20.00%₹103.12+21.32%
Taurian MPS SME16 Sep 2025₹171.00₹210.00 +22.81%₹611.00+257.31%
Vashishtha Luxury Fashion SME15 Sep 2025₹111.00₹118.00 +6.31%₹67.85−38.87%
Austere Systems SME12 Sep 2025₹55.00₹75.55 +37.36%₹42.50−22.73%
Sharvaya Metals SME12 Sep 2025₹196.00₹219.00 +11.73%₹221.90+13.21%
Vigor Plast India SME12 Sep 2025₹81.00₹85.00 +4.94%₹62.90−22.35%
Optivalue Tek Consulting SME10 Sep 2025₹84.00₹103.60 +23.33%₹206.00+145.24%
Amanta Healthcare Mainboard9 Sep 2025₹126.00₹134.00 +6.35%₹184.91+46.75%
Goel Construction Company SME9 Sep 2025₹263.00₹302.50 +15.02%₹441.15+67.74%
Rachit Prints SME8 Sep 2025₹149.00₹119.20SME floor −20.00%₹158.35+6.28%
Abril Paper Tech SME5 Sep 2025₹61.00₹48.80SME floor −20.00%₹32.25−47.13%
Snehaa Organics SME5 Sep 2025₹122.00₹122.00 0.00%₹39.00−68.03%
Sugs Lloyd SME5 Sep 2025₹123.00₹119.90 −2.52%₹260.00+111.38%
Oval Projects Engineering SME4 Sep 2025₹85.00₹85.25 +0.29%₹44.00−48.24%
Anlon Healthcare Mainboard3 Sep 2025₹91.00₹91.00 0.00%——
Current Infraprojects SME3 Sep 2025₹80.00₹152.00SME cap +90.00%₹94.65+18.31%
Sattva Engineering Construction SME3 Sep 2025₹75.00₹95.10 +26.80%₹49.00−34.67%
Vikran Engineering Mainboard3 Sep 2025₹97.00₹99.70 +2.78%₹55.80−42.47%
Globtier Infotech SME2 Sep 2025₹72.00₹57.60SME floor −20.00%₹16.56−77.00%
NIS Management SME2 Sep 2025₹111.00₹108.00 −2.70%₹42.21−61.97%
Anondita Medicare SME1 Sep 2025₹145.00₹275.50SME cap +90.00%₹945.55+552.10%
Classic Electrodes (India) SME1 Sep 2025₹87.00₹100.00 +14.94%₹46.75−46.26%
Shivashrit Foods SME1 Sep 2025₹142.00₹148.50 +4.58%₹116.75−17.78%
ARC Insulation & Insulators SME29 Aug 2025₹125.00₹145.00 +16.00%₹27.70−77.84%
Mangal Electrical Industries Mainboard28 Aug 2025₹561.00₹558.00 −0.53%₹246.40−56.08%
Gem Aromatics Mainboard26 Aug 2025₹325.00₹325.00 0.00%₹139.96−56.94%
LGT Business Connextions SME26 Aug 2025₹107.00₹85.60SME floor −20.00%₹31.00−71.03%
Patel Retail Mainboard26 Aug 2025₹255.00₹305.00 +19.61%₹245.75−3.63%
Shreeji Shipping Global Mainboard26 Aug 2025₹252.00₹271.85 +7.88%₹871.15+245.69%
Vikram Solar Mainboard26 Aug 2025₹332.00₹340.00 +2.41%₹134.96−59.35%
Studio LSD SME25 Aug 2025₹54.00₹43.20SME floor −20.00%₹8.65−83.98%
Mahendra Realtors & Infrastructure SME20 Aug 2025₹85.00₹68.00SME floor −20.00%₹58.00−31.76%
Regaal Resources Mainboard20 Aug 2025₹102.00₹141.80 +39.02%₹86.29−15.40%
Bluestone Jewellery & Lifestyle Mainboard19 Aug 2025₹517.00₹508.80 −1.59%₹690.65+33.59%
Icodex Publishing Solutions SME19 Aug 2025₹102.00₹81.60SME floor −20.00%₹39.49−61.28%
ANB Metal Cast SME18 Aug 2025₹156.00₹164.00 +5.13%₹405.95+160.22%
Knowledge Realty Trust Mainboard18 Aug 2025₹100.00₹104.00 +4.00%₹111.01+10.86%
Medistep Healthcare SME18 Aug 2025₹43.00₹53.00 +23.26%₹18.10−57.91%
Star Imaging and Path Lab SME18 Aug 2025₹142.00₹142.00 0.00%₹68.90−51.48%
All Time Plastics Mainboard14 Aug 2025₹275.00₹314.30 +14.29%₹195.46−28.92%
Connplex Cinemas SME14 Aug 2025₹177.00₹195.00 +10.17%₹239.95+35.56%
JSW Cement Mainboard14 Aug 2025₹147.00₹153.00 +4.08%₹121.79−17.15%
Sawaliya Food Products SME14 Aug 2025₹120.00₹228.00SME cap +90.00%₹180.25+50.21%
Highway Infrastructure Mainboard12 Aug 2025₹70.00₹117.00 +67.14%₹71.96+2.80%
Aaradhya Disposal Industries SME11 Aug 2025₹116.00₹111.00 −4.31%₹117.75+1.51%
BLT Logistics SME11 Aug 2025₹75.00₹90.95 +21.27%₹30.50−59.33%
Bhadora Industries SME11 Aug 2025₹103.00₹101.00 −1.94%₹119.70+16.21%
Essex Marine SME11 Aug 2025₹54.00₹43.20SME floor −20.00%₹41.00−24.07%
Jyoti Global Plast SME11 Aug 2025₹66.00₹65.90 −0.15%₹41.55−37.05%
Parth Electricals & Engineering SME11 Aug 2025₹170.00₹174.00 +2.35%₹499.65+193.91%
FlySBS Aviation SME8 Aug 2025₹225.00₹427.50SME cap +90.00%₹540.05+140.02%
Cash UR Drive Marketing Limited SME7 Aug 2025₹130.00₹155.00 +19.23%₹95.80−26.31%
Renol Polychem SME7 Aug 2025₹105.00₹105.00 0.00%₹62.00−40.95%
B. D. Industries (Pune) SME6 Aug 2025₹108.00₹108.90 +0.83%₹115.45+6.90%
M & B Engineering Mainboard6 Aug 2025₹385.00₹386.00 +0.26%₹259.65−32.56%
Mehul Colours SME6 Aug 2025₹72.00₹85.00 +18.06%₹46.00−36.11%
National Securities Depository Mainboard6 Aug 2025₹800.00₹880.00 +10.00%₹748.60−6.42%
Sri Lotus Developers & Realty Mainboard6 Aug 2025₹150.00₹179.10 +19.40%₹231.20+54.13%
Takyon Networks SME6 Aug 2025₹54.00₹55.85 +3.43%₹15.02−72.19%
Aditya Infotech Mainboard5 Aug 2025₹675.00₹1,018.00 +50.81%₹3,999.80+492.56%
Kaytex Fabrics SME5 Aug 2025₹180.00₹144.00SME floor −20.00%₹61.70−65.72%
Laxmi India Finance Mainboard5 Aug 2025₹158.00₹136.00 −13.92%₹101.57−35.72%
Property Share Investment Trust- Propshare Titania Mainboard4 Aug 2025₹10,60,000.00₹10,59,900.00 −0.01%₹9,99,999.00−5.66%
Repono SME4 Aug 2025₹96.00₹60.56 −36.92%₹64.55−32.76%
Umiya Mobile SME4 Aug 2025₹66.00₹69.00 +4.55%₹84.00+27.27%
Patel Chem Specialities SME1 Aug 2025₹84.00₹110.00 +30.95%₹139.00+65.48%
Sellowrap Industries SME1 Aug 2025₹83.00₹90.00 +8.43%₹59.00−28.92%
Shanti Gold International Mainboard1 Aug 2025₹199.00₹229.10 +15.13%₹272.40+36.88%
Shree Refrigerations SME1 Aug 2025₹125.00₹169.85 +35.88%₹307.65+146.12%
Brigade Hotel Ventures Mainboard31 Jul 2025₹90.00₹82.00 −8.89%₹55.27−38.59%
GNG Electronics Mainboard30 Jul 2025₹237.00₹350.00 +47.68%₹728.90+207.55%
Indiqube Spaces Mainboard30 Jul 2025₹237.00₹218.70 −7.72%₹185.90−21.56%
TSC India SME30 Jul 2025₹70.00₹68.00 −2.86%₹38.00−45.71%
Monarch Surveyors and Engineering Consultants SME29 Jul 2025₹250.00₹421.25 +68.50%₹227.00−9.20%
Savy Infra and Logistics SME28 Jul 2025₹120.00₹136.50 +13.75%₹131.85+9.87%
Swastika Castal SME28 Jul 2025₹65.00₹67.00 +3.08%₹82.00+26.15%
Monika Alcobev SME23 Jul 2025₹286.00₹288.00 +0.70%₹135.55−52.60%
Anthem Biosciences Mainboard21 Jul 2025₹570.00₹723.10 +26.86%₹888.30+55.84%
Spunweb Nonwoven SME21 Jul 2025₹96.00₹151.00 +57.29%₹102.50+6.77%
Smartworks Coworking Spaces Mainboard17 Jul 2025₹407.00₹436.10 +7.15%₹487.60+19.80%
Asston Pharmaceuticals SME16 Jul 2025₹123.00₹119.00 −3.25%₹138.00+12.20%
CFF Fluid Control SME16 Jul 2025₹585.00₹621.00 +6.15%₹983.00+68.03%
GLEN Industries SME15 Jul 2025₹97.00₹157.00 +61.86%₹108.10+11.44%
Chemkart India SME14 Jul 2025₹248.00₹250.00 +0.81%₹244.65−1.35%
Smarten Power Systems SME14 Jul 2025₹100.00₹144.00 +44.00%₹65.40−34.60%
Travel Food Services Mainboard14 Jul 2025₹1,100.00₹1,126.20 +2.38%₹1,166.20+6.02%
Meta Infotech SME11 Jul 2025₹161.00₹225.00 +39.75%₹54.39−66.22%
Cryogenic OGS SME10 Jul 2025₹47.00₹89.30SME cap +90.00%₹339.70+622.77%
Happy Square Outsourcing Services SME10 Jul 2025₹76.00₹77.00 +1.32%₹34.75−54.28%
Crizac Mainboard9 Jul 2025₹245.00₹280.00 +14.29%₹157.02−35.91%
Cedaar Textile SME7 Jul 2025₹140.00₹119.00 −15.00%₹16.45−88.25%
Marc Loire Fashions SME7 Jul 2025₹100.00₹80.00SME floor −20.00%₹34.01−65.99%
Pushpa Jewellers SME7 Jul 2025₹147.00₹112.00 −23.81%₹115.00−21.77%
Silky Overseas SME7 Jul 2025₹161.00₹171.00 +6.21%₹67.20−58.26%
Vandan Foods SME7 Jul 2025₹115.00₹125.00 +8.70%₹22.24−80.66%
Adcounty Media India SME4 Jul 2025₹85.00₹130.00 +52.94%₹73.00−14.12%
Neetu Yoshi SME4 Jul 2025₹75.00₹105.00 +40.00%₹199.25+165.67%
ACE Alpha Tech SME3 Jul 2025₹69.00₹81.00 +17.39%₹167.10+142.17%
Indogulf Cropsciences Mainboard3 Jul 2025₹111.00₹111.00 0.00%₹61.99−44.15%
Moving Media Entertainment SME3 Jul 2025₹70.00₹71.00 +1.43%₹33.40−52.29%
Pro FX Tech SME3 Jul 2025₹87.00₹95.00 +9.20%₹70.00−19.54%
Valencia India SME3 Jul 2025₹110.00₹88.00SME floor −20.00%₹17.37−84.21%
HDB Financial Services Mainboard2 Jul 2025₹740.00₹835.00 +12.84%₹506.05−31.61%
Rama Telecom SME2 Jul 2025₹68.00₹72.00 +5.88%₹99.70+46.62%
Sambhv Steel Tubes Mainboard2 Jul 2025₹82.00₹110.10 +34.27%₹165.70+102.07%
Suntech Infra Solutions SME2 Jul 2025₹86.00₹109.10 +26.86%₹36.00−58.14%
Supertech EV SME2 Jul 2025₹92.00₹73.60SME floor −20.00%₹30.82−66.50%
AJC Jewel Manufacturers SME1 Jul 2025₹95.00₹99.00 +4.21%₹324.35+241.42%
Abram Food SME1 Jul 2025₹98.00₹90.40 −7.76%₹51.00−47.96%
Ellenbarrie Industrial Gases Mainboard1 Jul 2025₹400.00₹492.00 +23.00%₹347.55−13.11%
Globe Civil Projects Mainboard1 Jul 2025₹71.00₹91.10 +28.31%₹38.37−45.96%
Icon Facilitators SME1 Jul 2025₹91.00₹90.00 −1.10%₹65.53−27.99%
Kalpataru Mainboard1 Jul 2025₹414.00₹414.10 +0.02%₹240.80−41.84%
Shri Hare-Krishna Sponge Iron SME1 Jul 2025₹59.00₹64.80 +9.83%₹30.00−49.15%
Aakaar Medical Technologies SME27 Jun 2025₹72.00₹75.00 +4.17%₹70.90−1.53%
Mayasheel Ventures SME27 Jun 2025₹47.00₹58.00 +23.40%₹26.70−43.19%
Safe Enterprises Retail Fixtures SME27 Jun 2025₹138.00₹151.00 +9.42%₹229.50+66.30%
Arisinfra Solutions Mainboard25 Jun 2025₹222.00₹209.10 −5.81%₹147.38−33.61%
Influx Healthtech SME25 Jun 2025₹96.00₹132.50 +38.02%₹262.35+173.28%
Eppeltone Engineers SME24 Jun 2025₹128.00₹243.20SME cap +90.00%₹124.50−2.73%
Patil Automation SME23 Jun 2025₹120.00₹155.00 +29.17%₹335.30+179.42%
Samay Project Services SME23 Jun 2025₹34.00₹36.05 +6.03%₹46.50+36.76%
Aten Papers SME SME20 Jun 2025₹96.00₹90.00 −6.25%₹21.00−78.13%
Oswal Pumps Mainboard20 Jun 2025₹614.00₹632.00 +2.93%₹216.26−64.78%
Monolithisch India SME19 Jun 2025₹143.00₹231.55 +61.92%₹1,336.90+834.90%
Jainik Power Cables SME17 Jun 2025₹110.00₹82.00 −25.45%₹178.00+61.82%
Sacheerome SME16 Jun 2025₹102.00₹153.00 +50.00%₹396.40+288.63%
Ganga Bath Fittings SME11 Jun 2025₹49.00₹59.00 +20.41%₹22.50−54.08%
3B Films SME6 Jun 2025₹50.00₹48.50 −3.00%₹15.75−68.50%
N R Vandana Tex Industries SME4 Jun 2025₹45.00₹45.00 0.00%₹68.10+51.33%
Neptune Petrochemicals SME4 Jun 2025₹122.00₹132.75 +8.81%₹180.00+47.54%
Scoda Tubes Mainboard4 Jun 2025₹140.00₹140.00 0.00%₹109.47−21.81%
Astonea Labs SME3 Jun 2025₹135.00₹137.45 +1.81%₹335.00+148.15%
Blue Water Logistics SME3 Jun 2025₹135.00₹141.00 +4.44%₹470.05+248.19%
Nikita Papers SME3 Jun 2025₹104.00₹90.00 −13.46%₹63.65−38.80%
Prostarm Info Systems Mainboard3 Jun 2025₹105.00₹125.00 +19.05%₹136.39+29.90%
Aegis Vopak Terminals Mainboard2 Jun 2025₹235.00₹220.00 −6.38%₹239.59+1.95%
Schloss Bangalore Mainboard2 Jun 2025₹435.00₹406.50 −6.55%₹663.45+52.52%
Unified Data- Tech Solutions SME29 May 2025₹273.00₹285.00 +4.40%₹471.40+72.67%
Belrise Industries Mainboard28 May 2025₹90.00₹98.50 +9.44%₹219.70+144.11%
Dar Credit & Capital SME28 May 2025₹60.00₹65.15 +8.58%₹36.00−40.00%
Borana Weaves Mainboard27 May 2025₹216.00₹243.00 +12.50%₹212.59−1.58%
Accretion Pharmaceuticals SME21 May 2025₹101.00₹79.00 −21.78%₹206.00+103.96%
Integrity Infrabuild Developers SME20 May 2025₹100.00₹100.80 +0.80%₹193.00+93.00%
Virtual Galaxy Infotech SME19 May 2025₹142.00₹180.00 +26.76%₹129.00−9.15%
Manoj Jewellers SME12 May 2025₹54.00₹53.95 −0.09%₹18.74−65.30%
Srigee DLM SME12 May 2025₹99.00₹188.10SME cap +90.00%₹74.32−24.93%
Kenrik Industries SME9 May 2025₹25.00₹25.01 +0.04%₹12.68−49.28%
Arunaya Organics SME7 May 2025₹58.00₹30.10 −48.10%₹13.75−76.29%
Ather Energy Mainboard6 May 2025₹321.00₹326.05 +1.57%₹1,840.00+473.21%
Iware Supplychain Services SME6 May 2025₹95.00₹85.05 −10.47%₹395.15+315.95%
Tankup Engineers SME30 Apr 2025₹140.00₹175.00 +25.00%₹1,800.00+1,185.71%
Infonative Solutions SME8 Apr 2025₹79.00₹63.20SME floor −20.00%₹31.65−59.94%
Spinaroo Commercial SME8 Apr 2025₹51.00₹52.85 +3.63%₹49.67−2.61%
Retaggio Industries SME7 Apr 2025₹25.00₹25.10 +0.40%₹59.60+138.40%
Identixweb SME3 Apr 2025₹54.00₹55.00 +1.85%₹73.75+36.57%
ATC Energies System SME2 Apr 2025₹118.00₹107.00 −9.32%₹20.75−82.42%
Shri Ahimsa Naturals SME2 Apr 2025₹119.00₹140.00 +17.65%₹400.00+236.13%
Desco Infratech SME1 Apr 2025₹150.00₹160.00 +6.67%₹180.50+20.33%
Active Infrastructure SME28 Mar 2025₹181.00₹181.00 0.00%——
Rapid Fleet Management Services SME28 Mar 2025₹192.00₹195.00 +1.56%₹204.05+6.28%
Grand Continent Hotels SME27 Mar 2025₹113.00₹112.90 −0.09%₹101.90−9.82%
Divine Hira Jewellers SME24 Mar 2025₹90.00₹90.00 0.00%₹96.00+6.67%
Paradeep Parivahan SME24 Mar 2025₹98.00₹78.40SME floor −20.00%₹308.90+215.20%
Super Iron Foundry SME19 Mar 2025₹108.00₹107.95 −0.05%₹30.35−71.90%
PDP Shipping & Projects SME18 Mar 2025₹135.00₹108.25 −19.81%₹50.40−62.67%
NAPS Global India SME11 Mar 2025₹90.00₹108.00 +20.00%₹83.50−7.22%
Balaji Phosphates SME7 Mar 2025₹70.00₹75.00 +7.14%₹123.50+76.43%
Shreenath Paper Products SME5 Mar 2025₹44.00₹35.20SME floor −20.00%₹15.00−65.91%
Nukleus Office Solutions SME4 Mar 2025₹234.00₹187.20SME floor −20.00%₹185.00−20.94%
Beezaasan Explotech SME3 Mar 2025₹175.00₹146.00 −16.57%₹761.00+334.86%
HP Telecom India SME28 Feb 2025₹108.00₹115.05 +6.53%₹476.00+340.74%
Swasth Foodtech India SME28 Feb 2025₹94.00₹94.00 0.00%₹15.02−84.02%
Quality Power Electrical Equipments Mainboard24 Feb 2025₹425.00₹432.05 +1.66%₹1,452.50+241.76%
Royal Arc Electrodes SME24 Feb 2025₹120.00₹120.00 0.00%₹150.00+25.00%
Tejas Cargo India SME24 Feb 2025₹168.00₹175.00 +4.17%₹386.00+129.76%
L.K.Mehta Polymers SME21 Feb 2025₹71.00₹71.10 +0.14%₹41.00−42.25%
Shanmuga Hospital SME21 Feb 2025₹54.00₹54.00 0.00%₹43.00−20.37%
Hexaware Technologies Mainboard19 Feb 2025₹708.00₹731.00 +3.25%₹501.20−29.21%
Maxvolt Energy Industries SME19 Feb 2025₹180.00₹180.00 0.00%₹379.95+111.08%
P S Raj Steels SME19 Feb 2025₹140.00₹145.00 +3.57%——
Voler Car SME19 Feb 2025₹90.00₹90.00 0.00%₹287.00+218.89%
Ajax Engineering Mainboard17 Feb 2025₹629.00₹593.00 −5.72%₹559.95−10.98%
Chandan Healthcare SME17 Feb 2025₹159.00₹165.10 +3.84%₹229.35+44.25%
Eleganz Interiors SME14 Feb 2025₹130.00₹122.00 −6.15%₹76.10−41.46%
Readymix Construction Machinery SME13 Feb 2025₹123.00₹123.00 0.00%₹53.90−56.18%
Solarium Green Energy SME13 Feb 2025₹191.00₹202.00 +5.76%₹96.05−49.71%
Amwill Health Care SME12 Feb 2025₹111.00₹88.85 −19.95%₹41.82−62.32%
Ken Enterprises SME12 Feb 2025₹94.00₹85.00 −9.57%₹42.50−54.79%
Chamunda Electrical SME11 Feb 2025₹50.00₹70.00 +40.00%₹43.95−12.10%
Dr Agarwal's Health Care Mainboard4 Feb 2025₹402.00₹396.90 −1.27%₹523.50+30.22%
Malpani Pipes & Fittings SME4 Feb 2025₹90.00₹85.90 −4.56%₹55.01−38.88%
GB Logistics Commerce SME31 Jan 2025₹102.00₹81.60SME floor −20.00%₹21.81−78.62%
H.M. Electro Mech SME31 Jan 2025₹75.00₹81.00 +8.00%₹49.80−33.60%
CLN Energy SME30 Jan 2025₹250.00₹256.00 +2.40%₹380.00+52.00%
Denta Water & Infra Solutions Mainboard29 Jan 2025₹294.00₹330.00 +12.24%₹240.29−18.27%
Rexpro Enterprises SME29 Jan 2025₹145.00₹117.00 −19.31%₹28.50−80.34%
CapitalNumbers Infotech SME27 Jan 2025₹263.00₹274.00 +4.18%₹71.47−72.83%
EMA Partners India SME24 Jan 2025₹124.00₹156.50 +26.21%₹90.65−26.90%
Landmark Immigration Consultants SME23 Jan 2025₹72.00₹75.00 +4.17%₹9.00−87.50%
Stallion India Fluorochemicals Mainboard23 Jan 2025₹90.00₹120.00 +33.33%₹199.14+121.27%
Kabra Jewels SME22 Jan 2025₹128.00₹243.20SME cap +90.00%₹128.45+0.35%
Rikhav Securities SME22 Jan 2025₹86.00₹163.40SME cap +90.00%₹50.10−41.74%
Barflex Polyfilms SME20 Jan 2025₹60.00₹60.00 0.00%₹58.00−3.33%
Laxmi Dental Mainboard20 Jan 2025₹428.00₹528.00 +23.36%₹188.71−55.91%
Capital Infra Trust Mainboard17 Jan 2025₹99.00₹99.00 0.00%₹78.90−20.31%
Sat Kartar Shopping SME17 Jan 2025₹81.00₹153.90SME cap +90.00%₹132.15+63.15%
Avax Apparels and Ornaments SME14 Jan 2025₹70.00₹133.00SME cap +90.00%₹53.00+505.71%
B.R.Goyal Infrastructure SME14 Jan 2025₹135.00₹135.75 +0.56%₹199.30+47.63%
Delta Autocorp SME14 Jan 2025₹130.00₹175.00 +34.62%₹38.50−70.38%
Quadrant Future Tek Mainboard14 Jan 2025₹290.00₹374.00 +28.97%₹425.20+46.62%
Indobell Insulations SME13 Jan 2025₹46.00₹87.40SME cap +90.00%₹59.00+28.26%
Standard Glass Lining Technology Mainboard13 Jan 2025₹140.00₹176.00 +25.71%₹417.60+198.29%
Fabtech Technologies Cleanrooms SME10 Jan 2025₹85.00₹161.50SME cap +90.00%₹363.00+327.06%
Davin Sons Retail SME9 Jan 2025₹55.00₹44.00SME floor −20.00%₹9.37−82.96%
Parmeshwar Metal SME9 Jan 2025₹61.00₹84.50 +38.52%₹280.00+359.02%
Leo Dryfruits & Spices Trading SME8 Jan 2025₹52.00₹68.00 +30.77%₹57.25+10.10%
Indo Farm Equipment Mainboard7 Jan 2025₹215.00₹258.40 +20.19%₹123.26−42.67%
Technichem Organics SME7 Jan 2025₹55.00₹57.25 +4.09%₹42.00−23.64%
Citichem India SME3 Jan 2025₹70.00₹70.00 0.00%₹16.00−77.14%
Anya Polytech & Fertilizers SME2 Jan 2025₹14.00₹17.10 +22.14%₹17.95+28.21%

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 2025 IPOs listed

Listing-day gain of the 377 issues with a listing price, in fixed bands.

  • −20% or worse 46 12.2%
  • −20% to −10% 10 2.7%
  • −10% to 0% 52 13.8%
  • At issue price 32 8.5%
  • 0% to 10% 107 28.4%
  • 10% to 25% 59 15.6%
  • 25% to 50% 36 9.5%
  • 50% to 90% 13 3.4%
  • 90% or more 22 5.8%

Hatched: opened at the SME price limit (+90% cap or −20% floor).

22 SME issues opened at exactly +90%, the most an SME listing may open above its issue price, and 38 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 sizeIPOsMedian listing gainListed above issueNow below issue
Under ₹50 Cr178+1.69%58.4%104 of 177
₹50 Cr to ₹250 Cr108+4.29%64.8%55 of 106
₹250 Cr to ₹1,000 Cr53+5.92%66.0%30 of 53
₹1,000 Cr to ₹5,000 Cr29+2.93%69.0%11 of 29
₹5,000 Cr and over8+13.42%87.5%2 of 8
Not disclosed1+6.15%100.0%0 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: 108 listings, average +9.08%, median +4.22%, 68.5% above issue price. SME: 269 listings, average +11.15%, median +2.95%, 60.6% above issue price.

SegmentListedAverage gainMedian gainAbove / at / below issueAbove issue
Mainboard108+9.08%+4.22%74 / 10 / 2468.5%
SME269+11.15%+2.95%163 / 22 / 8460.6%
All IPOs377+10.56%+3.52%237 / 32 / 10862.9%

Listing gains by month

By listing date. Averages cover issues with a recorded listing price.

MonthListedAverage gainMedian gainAbove issue
Jan 202529+27.59%+22.14%23 of 29
Feb 202521+1.03%0.00%9 of 21
Mar 202512−5.65%−0.07%3 of 12
Apr 20258+3.23%+2.74%6 of 8
May 202513+5.67%+1.57%9 of 13
Jun 202524+12.61%+4.31%15 of 24
Jul 202545+14.14%+6.21%33 of 45
Aug 202546+9.87%+4.04%29 of 46
Sep 202553+12.10%+4.58%33 of 53
Oct 202553+7.07%+2.14%33 of 53
Nov 202522+10.16%+2.53%13 of 22
Dec 202551+9.66%+3.52%31 of 51

Highest listing-day gains

IPOListedIssue priceListing priceListing gain
Shyam Dhani Industries SME30 Dec 2025₹70.00₹133.00SME cap +90.00%
Encompass Design India SME12 Dec 2025₹107.00₹203.30SME cap +90.00%
Luxury Time SME11 Dec 2025₹82.00₹155.80SME cap +90.00%
Exato Technologies SME5 Dec 2025₹140.00₹266.00SME cap +90.00%
Workmates Core2cloud Solution SME18 Nov 2025₹204.00₹387.60SME cap +90.00%

Lowest listing-day gains

IPOListedIssue priceListing priceListing gain
Arunaya Organics SME7 May 2025₹58.00₹30.10 −48.10%
SSMD Agrotech India SME2 Dec 2025₹121.00₹73.00 −39.67%
Om Freight Forwarders Mainboard8 Oct 2025₹135.00₹82.50 −38.89%
Repono SME4 Aug 2025₹96.00₹60.56 −36.92%
Glottis Mainboard7 Oct 2025₹129.00₹88.00 −31.78%

Highest return since issue

IPOListedIssue priceCurrent priceSince issue
Aptus Pharma SME30 Sep 2025₹70.00₹466.50+1,566.07%
Tankup Engineers SME30 Apr 2025₹140.00₹1,800.00+1,185.71%
Monolithisch India SME19 Jun 2025₹143.00₹1,336.90+834.90%
Zelio E-Mobility SME8 Oct 2025₹136.00₹1,034.10+660.37%
Cryogenic OGS SME10 Jul 2025₹47.00₹339.70+622.77%

Lowest return since issue

IPOListedIssue priceCurrent priceSince issue
Cedaar Textile SME7 Jul 2025₹140.00₹16.45−88.25%
Landmark Immigration Consultants SME23 Jan 2025₹72.00₹9.00−87.50%
Logiciel Solutions SME5 Dec 2025₹193.00₹25.75−86.66%
Valencia India SME3 Jul 2025₹110.00₹17.37−84.21%
Swasth Foodtech India SME28 Feb 2025₹94.00₹15.02−84.02%

IPO listing gains, year by year

Listing-day figures for every year covered. The current year runs to date.

YearIPOsMedian gainAverage gainListed above issue
2026 YTD303+2.96%+12.61%59.8%
2025 377+3.52%+10.56%62.9%
2024 341+30.91%+49.05%85.0%
2023 240+14.46%+32.46%79.6%
2022 148+7.22%+23.95%75.7%
2021 122+4.73%+23.31%73.0%
2020 47+1.40%+13.73%63.8%
2019 65+1.39%+5.07%63.1%
2018 168+1.67%+4.38%67.7%

Methodology

  • Covers every IPO whose shares were listed on NSE or BSE between 1 Jan 2025 and 31 Dec 2025, 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 2025?
377 IPOs listed on NSE and BSE in 2025: 108 mainboard and 269 SME. Across them, the average listing-day gain was +10.56% (median +3.52%), and 237 of the 377 IPOs with a listing price (62.9%) listed above their issue price.
How many 2025 IPOs are trading below their issue price?
202 of the 374 IPOs with a current price (54.0%) traded below their issue price at the close of 4 Nov 2026, 104 of them after listing above it. The median return since issue is −9.12%; 65 have doubled or more and 80 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 , Research lead How we research these reports