Wealth created through IPOs in India Mainboard IPO | SME IPO

Wealth created by 2022 IPOs

Investing in IPOs can create wealth in the long-term. However, one should be wise to select and invest in the right company that has bright prospects. An investor should study and analyse the company in-depth before making the investment decision.

Many investors invest in IPO to make quick profits in the form of listing gains. However, there are few others, who prefer to stay invested as they know the company will generate wealth for them in future.

This report displays the details of each IPO in terms of listing day gains v/s wealth created by the IPO as of today. It also highlights if the SME company has migrated to mainboard. The migration of SME to mainboard further boosts the performance of the company. (this line only for SME tab)

Based on the analysis of the below data coupled with one's self-assessment, financial goal and holding capacity, investors can choose their exit strategy.

<< Year 2021	2022	Year 2023 > >

2022 IPO Investment Return

Company Name	IPO Listing Date	Amount Raised (Rs Cr)	Market Cap (IPO) (Rs Cr)	Listing Day Close Market Cap (IPO) (Rs Cr)	Current Market Cap (IPO) (Rs Cr)	Investor Wealth Created (Rs Cr)	Listing Day Gain (%)	Wealth creation w.r.t. listing day close price (%)	Wealth Creation Percentage (%)	SME Migrated to Mainboard
Moxsh Overseas Educon IPO	Dec 30, 2022	10.42	34.28	28.65	8.67	-25.61	-16.44%	-69.73%	-74.71%
Elin Electronics IPO	Dec 30, 2022	475.00	1,226.58	1,131.24	1,001.63	-224.96	-7.77%	-11.46%	-18.34%
Arihant Academy IPO	Dec 29, 2022	14.72	54.50	76.36	121.71	67.21	40.11%	59.40%	123.33%
KFin Technologies IPO	Dec 29, 2022	1,500.00	6,133.02	6,099.51	17,874.57	11,741.55	-0.55%	193.05%	191.45%
Uma Converter IPO	Dec 29, 2022	18.41	66.91	67.21	59.81	-7.10	0.45%	-11.01%	-10.61%
Dollex Agrotech IPO	Dec 28, 2022	24.39	87.39	78.65	103.49	16.10	-10.00%	31.59%	18.43%
Droneacharya Aerial Innovations IPO	Dec 23, 2022	33.97	129.54	256.92	273.59	144.05	98.33%	6.49%	111.20%
Landmark Cars IPO	Dec 23, 2022	552.00	2,003.36	1,821.44	2,435.51	432.15	-9.08%	33.71%	21.57%
Abans Holdings IPO	Dec 23, 2022	345.60	1,353.94	1,083.40	1,898.53	544.59	-19.98%	75.24%	40.22%
Sula Vineyards IPO	Dec 22, 2022	960.35	3,005.90	2,788.24	3,339.74	333.85	-7.24%	19.78%	11.11%
All E Technologies IPO	Dec 21, 2022	48.20	181.75	265.05	1,132.29	950.54	45.83%	327.20%	523.00%
PNGS Gargi Fashion Jewellery IPO	Dec 20, 2022	7.80	28.88	57.62	1,030.00	1,001.12	99.50%	1,687.47%	3,466.00%
Arham Technologies IPO	Dec 15, 2022	9.58	35.53	53.30	123.52	87.98	50.00%	131.75%	247.62%
Uniparts India IPO	Dec 12, 2022	835.61	2,604.22	2,435.19	1,858.83	-745.38	-6.49%	-23.67%	-28.62%
Pritika Engineering Components IPO	Dec 08, 2022	9.42	31.56	48.21	214.11	182.55	52.76%	344.13%	578.45%
Baheti Recycling Industries IPO	Dec 08, 2022	12.42	46.66	118.20	423.76	377.10	153.33%	258.51%	808.22%
Dharmaj Crop Guard IPO	Dec 08, 2022	251.15	801.00	900.36	969.48	168.48	12.41%	7.68%	21.03%
AMBO Agritec IPO	Dec 02, 2022	10.20	28.19	39.55	90.77	62.58	40.33%	129.48%	222.03%
Keystone Realtors IPO	Nov 24, 2022	635.00	6,160.77	6,352.08	8,145.08	1,984.31	3.11%	28.23%	32.21%
Inox Green Energy IPO	Nov 23, 2022	740.00	1,897.61	1,725.36	4,179.99	2,282.38	-9.08%	142.27%	120.28%
Kaynes Technology IPO	Nov 22, 2022	857.82	3,412.96	4,012.41	34,041.56	30,628.59	17.56%	748.41%	897.42%
Five Star Business Finance IPO	Nov 21, 2022	1,593.45	13,810.75	14,262.37	18,393.94	4,583.19	3.27%	28.97%	33.19%
Archean Chemical IPO	Nov 21, 2022	1,462.31	5,008.26	5,635.21	8,365.76	3,357.50	12.52%	48.46%	67.04%
Amiable Logistics IPO	Nov 16, 2022	4.37	14.16	23.85	13.27	-0.89	68.40%	-44.35%	-6.30%
Bikaji Foods IPO	Nov 16, 2022	881.22	7,485.30	7,920.69	18,320.26	10,834.97	5.82%	131.30%	144.75%
Global Health IPO	Nov 16, 2022	2,205.57	9,011.01	11,147.10	29,866.41	20,855.40	23.71%	167.93%	231.44%
Technopack Polymers IPO	Nov 16, 2022	7.87	29.70	41.96	32.51	2.81	41.27%	-22.52%	9.45%
Fusion Micro Finance IPO	Nov 15, 2022	1,103.99	3,703.21	3,269.49	1,859.45	-1,843.76	-11.71%	-43.13%	-49.79%
DAPS Advertising IPO	Nov 14, 2022	5.10	15.52	28.51	13.20	-2.33	83.67%	-53.72%	-15.00%
Vital Chemtech IPO	Nov 14, 2022	64.64	241.91	390.64	184.66	-57.24	61.49%	-52.73%	-23.66%
DCX Systems IPO	Nov 11, 2022	500.00	2,002.18	2,986.83	3,099.99	1,097.81	49.18%	3.79%	54.83%
Integrated Personnel Services IPO	Nov 11, 2022	12.74	42.52	50.30	222.10	179.59	18.31%	341.55%	422.37%
Rite Zone Chemcon IPO	Nov 11, 2022	8.96	31.73	36.78	18.61	-13.11	15.93%	-49.40%	-41.33%
Phantom Digital Effects IPO	Oct 21, 2022	29.10	110.58	363.98	300.08	189.50	229.16%	-17.56%	171.37%
Pace E-Commerce Ventures IPO	Oct 20, 2022	66.53	232.10	247.19	68.28	-163.82	6.50%	-72.38%	-70.58%
Tracxn Technologies IPO	Oct 20, 2022	309.38	802.48	936.40	730.46	-72.02	16.69%	-21.99%	-8.98%
Electronics Mart India IPO	Oct 17, 2022	500.00	2,270.02	3,249.20	6,385.68	4,115.66	43.14%	96.53%	181.31%
Maagh Advertising IPO	Oct 13, 2022	9.12	19.68	21.45	9.02	-10.66	9.00%	-57.95%	-54.17%
Frog Cellsat IPO	Oct 13, 2022	41.57	156.83	285.67	527.60	370.77	82.16%	84.69%	236.42%
Swastik Pipe IPO	Oct 12, 2022	62.52	232.31	160.99	130.44	-101.87	-30.70%	-18.98%	-43.85%
Vedant Asset IPO	Oct 12, 2022	3.00	11.05	18.85	44.71	33.66	70.62%	137.22%	304.75%
QMS Medical Allied IPO	Oct 11, 2022	56.87	215.99	239.90	202.69	-13.30	11.07%	-15.51%	-6.16%
Lloyds Luxuries IPO	Oct 11, 2022	24.00	90.00	96.52	204.97	114.97	7.25%	112.35%	127.75%
Steelman Telecom IPO	Oct 10, 2022	26.02	92.89	163.58	132.42	39.53	76.09%	-19.05%	42.55%
Reetech International Cargo IPO	Oct 10, 2022	11.71	44.38	35.34	20.30	-24.08	-20.38%	-42.55%	-54.26%
Cargotrans Maritime IPO	Oct 10, 2022	4.86	18.36	29.99	31.42	13.06	63.33%	4.76%	71.11%
Silicon Rental Solutions IPO	Oct 10, 2022	21.15	80.12	86.28	253.72	173.60	7.69%	194.05%	216.67%
Cargosol Logistics IPO	Oct 10, 2022	7.56	28.56	45.39	28.04	-0.52	58.93%	-38.22%	-1.82%
Cyber Media Research IPO	Oct 10, 2022	14.04	52.70	75.40	30.64	-22.06	43.06%	-59.36%	-41.86%
Insolation Energy IPO	Oct 10, 2022	22.16	57.00	119.85	6,331.35	6,274.35	110.26%	5,182.73%	11,007.63%
Concord Control Systems IPO	Oct 10, 2022	8.32	31.42	65.92	973.90	942.48	109.82%	1,377.47%	3,000.00%
Trident Lifeline IPO	Oct 10, 2022	35.34	116.14	124.36	316.86	200.72	7.08%	154.79%	172.82%
Mafia Trends IPO	Oct 06, 2022	3.60	12.41	13.79	7.05	-5.36	11.07%	-48.84%	-43.18%
Containe Technologies IPO	Sep 30, 2022	2.62	9.37	14.42	63.38	54.01	54.00%	339.39%	576.67%
Kandarp Digi Smart BPO IPO	Sep 28, 2022	8.10	26.92	25.57	34.59	7.67	-5.00%	35.26%	28.50%
Maks Energy IPO	Sep 28, 2022	4.00	13.87	14.56	31.21	17.34	5.00%	114.29%	125.00%
Varanium Cloud IPO	Sep 27, 2022	36.60	122.63	129.21	15.38	-107.25	5.37%	-88.10%	-87.46%
Annapurna Swadisht IPO	Sep 27, 2022	30.25	114.95	206.92	624.04	509.08	80.00%	201.59%	442.86%
Harsha Engineers IPO	Sep 26, 2022	755.00	3,004.46	4,423.83	4,375.12	1,370.67	47.24%	-1.10%	45.62%
Ishan International IPO	Sep 22, 2022	18.24	57.66	59.68	1.77	-55.90	3.50%	-97.04%	-96.94%
Tapi Fruit Processing IPO	Sep 22, 2022	5.21	18.78	21.41	39.14	20.35	13.96%	82.82%	108.33%
Sabar Flex India IPO	Sep 21, 2022	4.48	16.58	33.23	17.56	0.98	100.45%	-47.17%	5.91%
Shantidoot Infra Services IPO	Sep 19, 2022	4.02	14.56	19.82	55.38	40.81	36.11%	179.37%	280.25%
Mega Flex Plastics IPO	Sep 19, 2022	11.40	42.98	60.92	58.45	15.47	41.75%	-4.06%	36.00%
Viviana Power Tech IPO	Sep 16, 2022	8.80	32.84	56.42	498.76	465.93	71.82%	784.07%	1,419.00%
Tamilnad Mercantile Bank IPO	Sep 15, 2022	807.84	8,075.92	8,051.38	7,025.26	-1,050.66	-0.30%	-12.74%	-13.01%
Virtuoso Optoelectronics IPO	Sep 15, 2022	30.24	114.14	235.21	797.87	683.73	106.07%	239.21%	599.02%
EP Biocomposites IPO	Sep 13, 2022	6.35	21.19	28.29	24.31	3.13	33.53%	-14.06%	14.76%
JFL Life Sciences IPO	Sep 08, 2022	18.17	67.09	73.14	38.93	-28.16	9.02%	-46.77%	-41.97%
Dipna Pharmachem IPO	Sep 08, 2022	15.21	45.49	39.98	8.22	-37.26	-12.11%	-79.43%	-81.92%
Kore Mobile IPO	Sep 08, 2022	10.80	40.07	58.43	421.88	381.81	45.83%	622.00%	952.92%
Ameya Engineers IPO	Sep 08, 2022	7.14	25.50	49.05	83.70	58.20	92.35%	70.64%	228.24%
Dreamfolks Services IPO	Sep 06, 2022	562.10	1,703.35	2,417.35	2,191.10	487.75	41.92%	-9.36%	28.63%
Rhetan TMT IPO	Sep 05, 2022	56.00	148.75	141.31	39.82	-108.93	-5.00%	-71.82%	-73.23%	Yes
Naturo Indiabull IPO	Sep 02, 2022	10.92	30.59	26.77	11.32	-19.27	-12.50%	-57.71%	-63.00%
Olatech Solutions IPO	Aug 29, 2022	1.89	6.32	12.60	64.61	58.29	99.44%	412.72%	922.59%
Syrma IPO	Aug 26, 2022	840.00	3,877.04	5,516.85	9,293.44	5,416.40	42.30%	68.46%	139.70%
Veekayem Fashion and Apparels IPO	Aug 22, 2022	4.44	16.45	29.38	164.52	148.07	78.57%	460.00%	900.00%
Upsurge Seeds of Agriculture IPO	Aug 11, 2022	22.81	84.72	103.78	163.08	78.36	22.50%	57.14%	92.50%
Agni Green Power IPO	Aug 01, 2022	5.25	19.53	51.28	70.13	50.60	162.50%	36.76%	259.00%
Healthy Life Agritec IPO	Jul 26, 2022	10.00	22.01	20.56	123.71	101.70	-6.60%	501.71%	462.00%
Veerkrupa Jewellers IPO	Jul 18, 2022	8.10	21.23	20.17	1.22	-20.01	-5.00%	-93.96%	-94.26%
Jayant Infratech IPO	Jul 13, 2022	6.19	21.68	25.82	44.67	22.99	19.10%	72.99%	106.04%
B Right Realestate IPO	Jul 13, 2022	44.36	158.07	159.10	399.71	241.65	0.65%	151.23%	152.88%
SKP Bearing Industries IPO	Jul 13, 2022	30.80	116.20	120.27	390.10	273.90	3.50%	224.36%	235.71%
Kesar India IPO	Jul 12, 2022	15.82	60.02	61.96	370.34	310.32	3.24%	497.72%	517.06%
Mangalam Worldwide IPO	Jul 11, 2022	65.58	247.46	251.25	374.86	127.40	1.53%	49.20%	51.49%
Sailani Tours N Travels IPO	Jul 08, 2022	1.90	7.06	7.65	8.70	1.65	8.47%	13.71%	23.33%
KCK Industries IPO	Jul 08, 2022	4.50	16.50	14.44	32.42	15.92	-12.50%	124.57%	96.50%
Pearl Green Clubs and Resorts IPO	Jul 07, 2022	11.72	44.04	46.99	32.55	-11.48	6.72%	-30.73%	-26.08%
Modis Navnirman IPO	Jul 06, 2022	22.68	76.14	79.93	113.81	37.67	4.97%	42.39%	49.47%
Goel Food Products IPO	Jun 28, 2022	7.21	27.16	29.70	8.52	-18.64	9.38%	-71.31%	-68.62%
Scarnose International IPO	Jun 27, 2022	6.60	17.33	17.66	48.86	31.53	1.91%	176.70%	181.98%
Silver Pearl Hospitality IPO	Jun 17, 2022	9.00	14.14	11.94	7.47	-6.67	-15.56%	-37.43%	-47.17%
Fidel Softech IPO	Jun 10, 2022	13.51	50.88	85.32	236.44	185.56	67.70%	177.12%	364.73%
Rachana Infrastructure IPO	Jun 10, 2022	76.28	251.17	257.77	81.40	-169.77	2.63%	-68.42%	-67.59%
Aether Industries IPO	Jun 03, 2022	808.04	7,991.79	9,669.19	10,127.91	2,136.12	20.99%	4.74%	26.73%
Globesecure Technologies IPO	Jun 02, 2022	10.13	4.80	6.14	6.51	1.71	27.93%	5.93%	35.52%
eMudhra IPO	Jun 01, 2022	412.79	1,998.65	2,020.90	6,826.65	4,828.00	1.11%	237.80%	241.56%
Ethos Limited IPO	May 30, 2022	472.29	2,050.06	1,874.01	6,897.48	4,847.42	-8.59%	268.06%	236.45%
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Note: Three prices are taken into account in this report:

Issue price final (price at which the IPO shares are sold)
Listing day close price (price at the end of the day on which the IPO shares are listed)
Current Market Price (current market price of the share)

The wealth creation is derived using below formula:

2-1 = Listing Day Gain
3-2 = Wealth creation w.r.t. Listing Day Close Price
3-1 = Wealth Created

The information presented in this report is based on historical data from SME IPOs and includes the following key figures, with specific conditions to ensure accuracy:

Amount Raised (Rs) (Public issue size): It reflects the capital raised by the issuer company through IPO.
Market Cap (IPO) (Rs Cr): Represents the post-issue market cap of the issuing company.
Market Cap (IPO) (Rs Cr) = Post-issue Shareholding * Issue Price Final
Market Cap w.r.t. Listing Day Close Price (Rs Cr): Represents the market cap of the issuing company in relation to the listing day close price. Most people do not get allotment in IPOs with high demand. However, they can buy shares on the market on the day of listing. This parameter is the basis for calculating wealth creation when shares are bought from open market on the day of listing.
Market Cap w.r.t. Listing Day Close Price (Rs Cr) = Post-issue Shareholding * Listing Price Close Price
Current Market Cap (Rs Cr): Represents the market cap of the issuing company in relation to the current market price. Note: The market cap does not take into account the effects of corporate action events such as bonuses, rights, buybacks, share splits, etc.
Current Market Cap (Rs Cr) = Sum (Post-issue Shareholding * Current Price)
Wealth Created (Rs Cr): This value reflects the difference between the current market cap and the market capitalization at the time of the IPO.
Wealth Created (Rs Cr) = Current Market Cap (Rs Cr) - Amount Raised (Rs)
Listing Day Gain (%): This value reflects the percentage profit on the day of listing in relation to the final issue price. For example, if the final price of an IPO share is Rs 100 and the listing day close price is Rs 140, the profit on the listing day gain is 40%.
Listing Day Gain (%) = (Market Cap w.r.t. Listing Day Close Price - Market Cap (IPO) / Market Cap (IPO)) * 100)
Wealth creation w.r.t. Listing Day Close Price (%): Represents the percentage of wealth created by the IPO compared to the IPO shares bought in the open market on the day of listing. For example, if an investor bought the shares at a price of Rs 140 on the open market on the listing date and the current share price is Rs 420, the wealth creation w.r.t. listing day close price is 200%.
Wealth creation w.r.t. Listing Day Close Price (%) = (Current Market Cap - Market Cap w.r.t. Listing Day Close Price / Market Cap w.r.t. Listing Day Close Price) * 100
Wealth Created (%): Represents the percentage of wealth created by the IPO compared to the investments made.
Wealth Created (%) = (Current Market Cap - Market Cap (IPO) / Market Cap (IPO)) * 100
SME Migrated to Mainboard: Refers the companies that were listed on the SME exchange in a given year and later moved from the SME platform to the main stock exchange.

Additional IPO Performance Reports

IPO Performance Tracker Mainboard IPO | SME IPO
Wealth created through IPOs in India Mainboard IPO | SME IPO
IPO Performance (Issue Price Vs Current Price) SME IPO | Mainboard IPO
IPO Performance (Issue Price Vs Listing Price) SME IPO | Mainboard IPO
IPO Performance (Listing Day Gain Vs Post-IPO Performance) Mainboard IPO | SME IPO
IPO Lead Manager Performance 2024 Mainboard IPO | SME IPO
IPO Investment returns by year 2024 in India Mainboard IPO | SME IPO

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