IPO performance 2023
- Mainboard IPO By Year 2011 – 2024
- Number of Positive and Negative IPOs
- Listing Day Performance:
- Current Market Performance (as of Nov 25, 2024):
- Top 3 IPOs by Listing Day Performance
- Top 3 IPOs by Current Market Gains
- Performance of IPO's listed in Year 2013
- Frequently Asked Questions
In 2023 there were about 60 Main board IPO’s. 4 out of 5 IPO returned a listing day gain. That’s a 80% win rate.
Data in this article is as on 25 November 2024 and is for illustration only. Please check current figures before investing.
💡 Quick Answer
In 2023 there were about 60 mainboard IPOs, and 4 out of 5 returned a listing day gain, an 80% win rate. December was the busiest month with 13 listings. As on 25 November 2024, 43 of the 60 were trading above their issue price and 17 below.
In 2023, the Indian stock market witnessed a dynamic IPO landscape, with varying numbers of companies going public each month. Below is a month-wise breakdown of the number of IPOs listed:
| Month-2023 | Number of IPO |
|---|---|
| January | 2 |
| February | 5 |
| March | 4 |
| April | 2 |
| May | 1 |
| June | 1 |
| July | 6 |
| August | 5 |
| September | 8 |
| October | 6 |
| November | 7 |
| December | 13 |
This data indicates a significant surge in IPO activity during the latter part of the year, particularly in December, which saw the highest number of listings.
Mainboard IPO By Year 2011 – 2024
Number of Positive and Negative IPOs
Listing Day Performance:
Positive IPOs: 49
Negative IPOs: 11
Current Market Performance (as of Nov 25, 2024):
Positive IPOs: 43
Negative IPOs: 17
Top 3 IPOs by Listing Day Performance
Top 3 IPOs by Current Market Gains
Performance of IPO’s listed in Year 2013
| Company Name | Listed Date | Issue Price | Listing Day Close | Listing Gain (%) | Current Price | Gain as of 25 Nov 2024 (%) |
|---|---|---|---|---|---|---|
| Innova Captab Limited | December 29, 2023 | 448 | 545 | 22 | 1004 | 124 |
| Azad Engineering Limited | December 28, 2023 | 524 | 677 | 29 | 1756 | 235 |
| Happy Forgings Limited | December 27, 2023 | 850 | 1030 | 21 | 1084 | 28 |
| Credo Brands Marketing Limited | December 27, 2023 | 280 | 313 | 12 | 168 | -40 |
| RBZ Jewellers Limited | December 27, 2023 | 100 | 105 | 5 | 180 | 80 |
| Muthoot Microfin Limited | December 26, 2023 | 291 | 266 | -9 | 187 | -36 |
| Suraj Estate Developers Limited | December 26, 2023 | 360 | 334 | -7 | 618 | 72 |
| Motisons Jewellers Limited | December 26, 2023 | 55 | 101 | 84 | 29 | -48 |
| Inox India Limited | December 21, 2023 | 660 | 940 | 42 | 1130 | 71 |
| DOMS Industries Limited | December 20, 2023 | 790 | 1331 | 68 | 3071 | 289 |
| India Shelter Finance Corporation Limited | December 20, 2023 | 493 | 544 | 10 | 659 | 34 |
| Flair Writing Industries Limited | December 1, 2023 | 304 | 453 | 49 | 279 | -8 |
| Tata Technologies Limited | November 30, 2023 | 500 | 1314 | 163 | 944 | 89 |
| Fedbank Financial Services Limited | November 30, 2023 | 140 | 140 | 0 | 94 | -33 |
| Gandhar Oil Refinery (India) Limited | November 30, 2023 | 169 | 302 | 78 | 207 | 23 |
| Indian Renewable Energy Development Agency Ltd | November 29, 2023 | 32 | 60 | 87 | 190 | 494 |
| ASK Automotive Limited | November 15, 2023 | 282 | 310 | 10 | 447 | 59 |
| Protean eGov Technologies Limited | November 13, 2023 | 792 | 883 | 11 | 1739 | 120 |
| ESAF Small Finance Bank Limited | November 10, 2023 | 60 | 69 | 15 | 39 | -34 |
| Honasa Consumer Limited | November 7, 2023 | 324 | 337 | 4 | 227 | -30 |
| Cello World Limited | November 6, 2023 | 648 | 792 | 22 | 751 | 16 |
| Blue Jet Healthcare Limited | November 1, 2023 | 346 | 396 | 14 | 528 | 53 |
| IRM Energy Limited | October 26, 2023 | 505 | 473 | -6 | 364 | -28 |
| Plaza Wires Limited | October 12, 2023 | 54 | 80 | 49 | 73 | 35 |
| Valiant Laboratories Limited | October 6, 2023 | 140 | 169 | 21 | 113 | -19 |
| Updater Services Limited | October 4, 2023 | 300 | 284 | -5 | 406 | 35 |
| Manoj Vaibhav Gems ‘N’ Jewellers Limited | October 3, 2023 | 215 | 216 | 0 | 226 | 5 |
| JSW Infrastructure Limited | October 3, 2023 | 119 | 157 | 32 | 304 | 156 |
| Yatra Online Limited | September 28, 2023 | 142 | 136 | -4 | 106 | -25 |
| Signatureglobal (India) Limited | September 27, 2023 | 385 | 458 | 19 | 1328 | 245 |
| Sai Silks (Kalamandir) Limited | September 27, 2023 | 222 | 245 | 10 | 161 | -28 |
| Zaggle Prepaid Ocean Services Limited | September 22, 2023 | 164 | 158 | -3 | 469 | 186 |
| SAMHI Hotels Limited | September 22, 2023 | 126 | 144 | 14 | 185 | 47 |
| EMS Limited | September 21, 2023 | 211 | 280 | 33 | 749 | 255 |
| R R Kabel Limited | September 20, 2023 | 1035 | 1197 | 16 | 1463 | 41 |
| Jupiter Life Line Hospitals Limited | September 18, 2023 | 735 | 1075 | 46 | 1541 | 110 |
| Ratnaveer Precision Engineering Limited | September 11, 2023 | 98 | 134 | 37 | 261 | 166 |
| Rishabh Instruments Limited | September 11, 2023 | 441 | 443 | 0 | 328 | -26 |
| Vishnu Prakash R Punglia Limited | September 5, 2023 | 99 | 146 | 47 | 274 | 176 |
| Aeroflex Industries Limited | August 31, 2023 | 108 | 163 | 51 | 184 | 70 |
| Pyramid Technoplast Limited | August 29, 2023 | 166 | 176 | 6 | 194 | 17 |
| TVS Supply Chain Solutions Limited | August 23, 2023 | 197 | 201 | 2 | 178 | -10 |
| Concord Biotech Limited | August 18, 2023 | 741 | 942 | 27 | 2061 | 178 |
| SBFC Finance Limited | August 16, 2023 | 57 | 92 | 62 | 88 | 54 |
| Yatharth Hospital and Trauma Care Services Limited | August 7, 2023 | 300 | 300 | 0 | 606 | 102 |
| Netweb Technologies India Limited | July 27, 2023 | 500 | 911 | 82 | 2875 | 475 |
| Utkarsh Small Finance Bank Limited | July 21, 2023 | 25 | 48 | 92 | 36 | 45 |
| Senco Gold Limited | July 14, 2023 | 317 | 405 | 28 | 1162 | 267 |
| Cyient DLM Limited | July 10, 2023 | 265 | 421 | 59 | 632 | 138 |
| ideaForge Technology Limited | July 7, 2023 | 672 | 1296 | 93 | 573 | -15 |
| HMA Agro Industries Limited | July 4, 2023 | 585 | 585 | 0 | 43 | -93 |
| IKIO Lighting Limited | June 16, 2023 | 285 | 404 | 42 | 258 | -9 |
| Nexus Select Trust | May 19, 2023 | 100 | 104 | 4 | 145 | 45 |
| Mankind Pharma Limited | May 9, 2023 | 1080 | 1424 | 32 | 2612 | 142 |
| Avalon Technologies Limited | April 18, 2023 | 436 | 397 | -9 | 874 | 100 |
| Udayshivakumar Infra Limited | April 3, 2023 | 35 | 32 | -10 | 49 | 39 |
| Global Surfaces Limited | March 23, 2023 | 140 | 171 | 22 | 177 | 26 |
| Divgi TorqTransfer Systems Limited | March 14, 2023 | 590 | 605 | 3 | 635 | 8 |
| Sah Polymers Limited | January 12, 2023 | 65 | 89 | 37 | 94 | 44 |
| Radiant Cash Management Services Limited | January 4, 2023 | 94 | 105 | 11 | 74 | -22 |
Key Takeaways
- 2023 saw about 60 mainboard IPO listings, with December the busiest month at 13.
- IPO activity surged in the latter part of the year: 34 of the 60 listings came between September and December.
- 4 out of 5 IPOs returned a listing day gain, which the article describes as an 80% win rate.
- As on 25 November 2024, 43 of the 60 were showing a positive gain and 17 were below their issue price.
- Indian Renewable Energy Development Agency showed the largest gain in the table, up 494% as on 25 November 2024.
- Every price and gain here is a snapshot as on 25 November 2024 and will have changed since.
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Frequently Asked Questions
How many mainboard IPOs listed in India in 2023?
About 60. The month-wise breakdown runs from a single listing in May and in June to 13 in December, the highest of the year.
What was the listing day success rate for 2023 IPOs?
4 out of 5 IPOs returned a listing day gain, which the article describes as an 80% win rate.
Which month had the most IPO listings in 2023?
December, with 13 listings. The data indicates a significant surge in IPO activity during the latter part of the year, particularly in December.
Which 2023 mainboard IPO gained the most?
In the performance table, Indian Renewable Energy Development Agency Ltd was up 494% on its issue price of 32 as on 25 November 2024, the largest gain listed.
How many 2023 IPOs were still above their issue price later?
As on 25 November 2024, 43 of the 60 were showing a positive gain and 17 were showing a loss.
Is this IPO performance data current?
No. The current prices and gains in this article are a snapshot as on 25 November 2024 and will have changed since. Please check current figures before investing.
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