IPO listing gains 2023: how every IPO listed

237 IPOs listed in 2023 listed +32.2% on average, 80% of them above the issue price. Mainboard and SME compared, with every IPO's listing price.

All IPOs: 237 IPOs, average listing gain +32.2%, 80% listed above the issue price, average subscription 87.5×.
Mainboard: 60 IPOs, average listing gain +26.0%, 80% listed above the issue price, average subscription 44.3×.
SME: 177 IPOs, average listing gain +34.3%, 80% listed above the issue price, average subscription 102.1×.

Mainboard and SME IPOs behave very differently, so averages that mix them are misleading. Past listings do not predict future ones.

Every IPO that listed in 2023

Trident Techlabs (SME) — ₹33–35 · listed +180.4%
Innova Captab — ₹426–448 · listed +0.9%
Supreme Power Equipment (SME) — ₹61–65 · listed +50.8%
Indifra (SME) — ₹65 · listed +10.8%
Azad Engineering — ₹499–524 · listed +37.4%
Happy Forgings — ₹808–850 · listed +17.6%
Shanti Spintex (SME) — ₹66–70 · listed +8.6%
Mufti Jeans — ₹266–280 · listed +0.8%
RBZ Jewellers — ₹95–100 · listed +0.0%
Electro Force India (SME) — ₹93 · listed +7.5%
Muthoot Microfin — ₹277–291 · listed -5.4%
Suraj Estate Developers — ₹340–360 · listed -5.6%
Motisons Jewellers — ₹52–55 · listed +98.2%
Sahara Maritime (SME) — ₹81 · listed +0.0%
Inox India — ₹627–660 · listed +43.9%
Benchmark Computer Solutions (SME) — ₹66 · listed +21.2%
Shree OSFM E-Mobility (SME) — ₹65 · listed +0.0%
Siyaram Recycling (SME) — ₹43–46 · listed +19.6%
India Shelter Finance Corporation — ₹469–493 · listed +25.8%
DOMS — ₹750–790 · listed +77.2%
S J Logistics (SME) — ₹121–125 · listed +40.0%
Presstonic Engineering (SME) — ₹72 · listed +94.4%
Accent Microcell (SME) — ₹133–140 · listed +114.3%
Graphisads (SME) — ₹111 · listed +0.5%
Sheetal Universal (SME) — ₹70 · listed +7.1%
Marinetrans India (SME) — ₹26 · listed +15.4%
Net Avenue Technologies (SME) — ₹16–18 · listed +133.3%
Deepak Chemtex (SME) — ₹76–80 · listed +90.0%
AMIC Forging (SME) — ₹121–126 · listed +90.0%
Swashthik Plascon (SME) — ₹80–86 · listed +39.7%
Flair Writing — ₹288–304 · listed +64.8%
Fedbank Financial Services — ₹133–140 · listed -1.6%
Rocking Deals Circular Economy (SME) — ₹136–140 · listed +114.3%
Tata Technologies — ₹475–500 · listed +140.0%
Gandhar Oil Refinery — ₹160–169 · listed +74.8%
IREDA — ₹30–32 · listed +56.3%
Arrowhead Seperation Engineering (SME) — ₹233 · listed +7.3%
Sunrest Lifescience (SME) — ₹84 · listed +0.0%
Kalyani Cast Tech (SME) — ₹137–139 · listed +90.0%
ROX Hi-Tech (SME) — ₹80–83 · listed +60.2%
Baba Food Processing (SME) — ₹72–76 · listed +0.0%
ASK Automotive — ₹268–282 · listed +7.6%
Protean eGov Technologies — ₹752–792 · listed +0.0%
ESAF Small Finance Bank — ₹57–60 · listed +18.3%
Micropro Software Solutions (SME) — ₹81 · listed -1.2%
Maitreya Medicare Limited (SME) — ₹78–82 · listed +98.2%
Mish Designs (SME) — ₹122 · listed +31.1%
Honasa Consumer Limited — ₹308–324 · listed +1.9%
Cello World Limited — ₹617–648 · listed +27.9%
Transteel Seating Technologies (SME) — ₹67–70 · listed +27.0%
KK Shah Hospitals (SME) — ₹45 · listed +24.7%
Vrundavan Plantation (SME) — ₹108 · listed -0.9%
Shanthala FMCG Products (SME) — ₹91 · listed +18.7%
Paragon Fine And Speciality Chemicals (SME) — ₹95–100 · listed +125.0%
Ondoor Concepts (SME) — ₹208 · listed +2.9%
Blue Jet Healthcare — ₹329–346 · listed +9.8%
Rajgor Castor Derivatives (SME) — ₹47–50 · listed +18.0%
WomenCart (SME) — ₹86 · listed +36.0%
IRM Energy — ₹480–505 · listed -5.5%
Arvind and Company Shipping Agency (SME) — ₹45 · listed +77.8%
Committed Cargo Care (SME) — ₹77 · listed +6.5%
Plada Infotech Services (SME) — ₹48 · listed +22.9%
Karnika Industries (SME) — ₹76 · listed +6.6%
Plaza Wires — ₹51–54 · listed +40.7%
Sharp Chucks And Machines (SME) — ₹58 · listed +13.8%
Vivaa Tradecom (SME) — ₹51 · listed -20.0%
Sunita Tools (SME) — ₹145 · listed +6.9%
Goyal Salt (SME) — ₹36–38 · listed +242.1%
Canarys Automations (SME) — ₹29–31 · listed +40.2%
Oneclick Logistics India (SME) — ₹99 · listed +41.4%
Kontor Space (SME) — ₹93 · listed +31.2%
City Crops Agro (SME) — ₹25 · listed +2.0%
Vishnusurya Projects and Infra (SME) — ₹68 · listed +7.4%
E Factor Experiences (SME) — ₹71–75 · listed +53.3%
Arabian Petroleum (SME) — ₹70 · listed +10.6%
Vinyas Innovative Technologies (SME) — ₹162–165 · listed +100.0%
Valiant Laboratories — ₹133–140 · listed +15.8%
Organic Recycling Systems (SME) — ₹200 · listed +7.5%
Inspire Films (SME) — ₹56–59 · listed +13.6%
Newjaisa Technologies (SME) — ₹44–47 · listed +51.1%
Digikore Studios (SME) — ₹168–171 · listed +57.9%
Updater Services — ₹280–300 · listed -5.0%
Mangalam Alloys (SME) — ₹80 · listed +0.0%
Saakshi Medtech and Panels (SME) — ₹92–97 · listed +50.5%
JSW Infrastructure — ₹113–119 · listed +20.2%
Manoj Vaibhav Gems — ₹204–215 · listed +0.0%
Master Components (SME) — ₹140 · listed +0.3%
Yatra Online — ₹135–142 · listed -10.2%
Cellecor Gadgets (SME) — ₹87–92 · listed +0.0%
Marco Cables &Conductors (SME) — ₹36 · listed +7.5%
Hi-Green Carbon (SME) — ₹71–75 · listed +2.7%
Sai Silks Kalamandir — ₹210–222 · listed +4.1%
Kody Technolab (SME) — ₹160 · listed +6.3%
Techknowgreen Solutions (SME) — ₹86 · listed +1.2%
Signatureglobal India — ₹366–385 · listed +15.3%
Kundan Edifice (SME) — ₹91 · listed -17.6%
Madhusudan Masala (SME) — ₹66–70 · listed +71.4%
Chavda Infra (SME) — ₹60–65 · listed +40.0%
Holmarc Opto-Mechatronics (SME) — ₹40 · listed +63.1%
SAMHI Hotels — ₹119–126 · listed +6.7%
Zaggle Prepaid Ocean Services — ₹156–164 · listed +0.0%
Unihealth Consultancy (SME) — ₹126–132 · listed +2.3%
Meson Valves India (SME) — ₹102 · listed +90.0%
EMS — ₹200–211 · listed +33.7%
R R Kabel — ₹983–1035 · listed +14.0%
Jupiter Life Line Hospitals — ₹695–735 · listed +32.4%
Jiwanram Sheoduttrai Industries (SME) — ₹23 · listed +30.4%
Kahan Packaging (SME) — ₹80 · listed +90.0%
Pramara Promotions (SME) — ₹63 · listed +76.2%
Saroja Pharma Industries (SME) — ₹84 · listed -22.6%
Rishabh Instruments — ₹418–441 · listed +4.3%
Ratnaveer Precision Engineering — ₹93–98 · listed +25.7%
Basilic Fly Studio (SME) — ₹92–97 · listed +179.4%
Mono Pharmacare (SME) — ₹26–28 · listed +3.6%
C P S Shapers (SME) — ₹185 · listed +143.2%
Sahaj Fashions (SME) — ₹30 · listed +3.3%
Vishnu Prakash R Punglia — ₹94–99 · listed +66.7%
Sungarner Energies (SME) — ₹83 · listed +201.2%
Aeroflex Industries — ₹102–108 · listed +75.9%
Bondada Engineering (SME) — ₹75 · listed +90.0%
Crop Life Science (SME) — ₹52 · listed +7.6%
Shoora Designs (SME) — ₹48 · listed +90.0%
Pyramid Technoplast — ₹151–166 · listed +12.7%
Shelter Pharma (SME) — ₹42 · listed -4.8%
TVS Supply Chain Solutions — ₹187–197 · listed +5.1%
Concord Biotech — ₹705–741 · listed +21.5%
Srivari Spices and Foods (SME) — ₹40–42 · listed +141.7%
Yudiz Solutions (SME) — ₹162–165 · listed +12.1%
Sangani Hospitals (SME) — ₹37–40 · listed +10.0%
SBFC Finance — ₹54–57 · listed +43.9%
Oriana Power (SME) — ₹115–118 · listed +155.9%
Vinsys IT Services (SME) — ₹121–128 · listed +61.9%
Zeal Global Services (SME) — ₹103 · listed +42.7%
Khazanchi Jewellers (SME) — ₹140 · listed +1.6%
Yatharth Hospital — ₹285–300 · listed +2.0%
Shri Techtex (SME) — ₹54–61 · listed +33.0%
Innovatus Entertainment Networks (SME) — ₹50 · listed +0.0%
Yasons Chemex Care (SME) — ₹40 · listed -20.0%
Netweb Technologies India — ₹475–500 · listed +89.4%
Asarfi Hospital (SME) — ₹51–52 · listed +90.0%
Service Care (SME) — ₹63–67 · listed +5.8%
Utkarsh Small Finance Bank — ₹23–25 · listed +60.0%
Ahasolar Technologies (SME) — ₹157 · listed +29.3%
Drone Destination (SME) — ₹62–65 · listed +65.0%
Kaka Industries (SME) — ₹55–58 · listed +90.0%
AccelerateBS India (SME) — ₹90 · listed +21.7%
Senco Gold — ₹301–317 · listed +35.6%
Alphalogic Industries (SME) — ₹96 · listed +0.0%
Tridhya Tech (SME) — ₹35–42 · listed +0.0%
Synoptics Technologies (SME) — ₹237 · listed +0.4%
Cyient DLM — ₹250–265 · listed +52.1%
Global Pet Industries (SME) — ₹49 · listed +6.1%
ideaForge Technology — ₹638–672 · listed +93.5%
Pentagon Rubber (SME) — ₹65–70 · listed +85.7%
Essen Speciality Films (SME) — ₹101–107 · listed +30.8%
Magson Retail (SME) — ₹65 · listed +40.2%
Greenchef Appliances (SME) — ₹82–87 · listed +19.5%
Veefin Solutions (SME) — ₹82 · listed +4.9%
HMA Agro Industries — ₹555–585 · listed +6.8%
Vilin Bio Med (SME) — ₹30 · listed +0.0%
Cosmic CRF (SME) — ₹298–314 · listed -20.0%
Aatmaj Healthcare (SME) — ₹60 · listed -6.7%
Cell Point India (SME) — ₹100 · listed +0.0%
Bizotic Commercial (SME) — ₹175 · listed +2.9%
Urban Enviro Waste Management (SME) — ₹100 · listed +41.0%
Spectrum Talent Management (SME) — ₹169–173 · listed -10.4%
Sonalis Consumer Products (SME) — ₹30 · listed +26.7%
IKIO Lighting — ₹270–285 · listed +37.7%
Kore Digital (SME) — ₹180 · listed +11.7%
Comrade Appliances (SME) — ₹52–54 · listed +61.1%
Sahana System (SME) — ₹132–135 · listed +20.7%
Infollion Research Services (SME) — ₹80–82 · listed +154.9%
Hemant Surgical Industries (SME) — ₹85–90 · listed +90.0%
Proventus Agrocom (SME) — ₹771 · listed +6.5%
Crayons Advertising (SME) — ₹62–65 · listed +38.5%
Vasa Denticity (SME) — ₹121–128 · listed +64.8%
Remus Pharmaceuticals (SME) — ₹1150–1229 · listed +39.2%
Krishca Strapping Solutions (SME) — ₹51–54 · listed +120.0%
Auro Impex n Chemicals (SME) — ₹74–78 · listed +0.0%
Nexus Select Trust — ₹95–100 · listed +3.0%
De Neers Tools (SME) — ₹95–101 · listed +88.1%
Innokaiz India (SME) — ₹76–78 · listed +89.7%
Mankind Pharma — ₹1026–1080 · listed +20.4%
Retina Paints (SME) — ₹30 · listed -3.2%
Quicktouch Technologies (SME) — ₹61 · listed +50.8%
A G Universal (SME) — ₹60 · listed +0.0%
Pattech Fitwell Tube Components (SME) — ₹50 · listed +10.0%
Avalon Technologies — ₹415–436 · listed +0.0%
MOS Utility (SME) — ₹72–76 · listed +18.4%
Sancode Technologies (SME) — ₹47 · listed +36.2%
Infinium Pharmachem (SME) — ₹135 · listed +4.8%
Exhicon Events Media Solutions (SME) — ₹61–64 · listed +0.0%
Sotac Pharmaceuticals (SME) — ₹105–111 · listed +3.6%
Maiden Forgings (SME) — ₹60–63 · listed +0.0%
Udayshivakumar Infra — ₹33–35 · listed -14.3%
Command Polymers (SME) — ₹28 · listed -4.5%
Dev Labtech Venture (SME) — ₹51 · listed +0.0%
Nirman Agri Genetics (SME) — ₹99 · listed +3.0%
Bright Outdoor Media (SME) — ₹146 · listed +2.7%
Quality Foils (SME) — ₹60 · listed +66.7%
Global Surfaces — ₹133–140 · listed +17.1%
Labelkraft Technologies (SME) — ₹55 · listed +1.8%
VELS Film International (SME) — ₹99 · listed +1.0%
Sudarshan Pharma Industries (SME) — ₹71–73 · listed +0.0%
Prospect Commodities (SME) — ₹61 · listed +0.0%
MCON Rasayan India (SME) — ₹40 · listed +20.0%
Systango Technologies (SME) — ₹85–90 · listed +8.9%
Vertexplus Technologies (SME) — ₹91–96 · listed +5.2%
Divgi TorqTransfer Systems — ₹560–590 · listed +5.1%
ITCONS E-Solutions (SME) — ₹51 · listed -7.9%
ResGen (SME) — ₹45–47 · listed +4.3%
Amanaya Ventures (SME) — ₹23 · listed -12.6%
SVJ Enterprises (SME) — ₹36 · listed +5.6%
Srivasavi Adhesive Tapes (SME) — ₹41 · listed -2.4%
Patron Exim (SME) — ₹27 · listed +5.2%
Macfos (SME) — ₹96–102 · listed +80.4%
Viaz Tyres (SME) — ₹62 · listed +9.7%
Sealmatic India (SME) — ₹220–225 · listed +0.0%
Agarwal Float Glass India (SME) — ₹42 · listed +4.8%
Indong Tea Company (SME) — ₹26 · listed -20.0%
Lead Reclaim and Rubber Products (SME) — ₹25 · listed +10.0%
Shera Energy (SME) — ₹55–57 · listed +12.5%
Earthstahl Alloys (SME) — ₹38–40 · listed +37.5%
Gayatri Rubbers and Chemicals (SME) — ₹30 · listed +16.7%
Transvoy Logistics India (SME) — ₹71 · listed +0.0%
DHARNI Capital Services (SME) — ₹20 · listed +5.0%
Aristo Bio-Tech and Lifescience (SME) — ₹72 · listed +11.1%
Ducol Organics And Colours (SME) — ₹78 · listed +43.5%
Eastern Logica Infoway (SME) — ₹225 · listed +20.0%
Chaman Metallics (SME) — ₹38 · listed +78.9%
Rex Sealing and Packing Industries (SME) — ₹135 · listed +1.5%
SVS Ventures (SME) — ₹20 · listed +2.5%
Sah Polymers — ₹61–65 · listed +30.8%
Anlon Technology Solutions (SME) — ₹95–100 · listed +151.1%
RBM Infracon (SME) — ₹36 · listed +45.8%
Radiant Cash Management — ₹94 · listed +10.6%
Homesfy Realty (SME) — ₹197 · listed +39.6%

SME vs mainboard IPOs · Today’s IPOs

Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.