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Wealth created through IPOs in India Mainboard IPO | SME IPO

Wealth created by 2017 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.

2017 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
Veeram Ornaments IPO Jan 05, 20175.1219.4019.834.36-15.032.22%-78.00%-77.51%Yes
Prolife Industries IPO Jan 09, 20174.2215.5615.1988.8473.28-2.37%484.91%471.05%
Libas Designs IPO Jan 09, 201713.6051.0053.5514.15-36.855.00%-73.57%-72.25%Yes
Maheshwari Logistics IPO Jan 16, 201727.17100.63112.9996.83-3.8012.28%-14.30%-3.78%Yes
Super Fine Knitters IPO Feb 02, 20174.0814.8715.6215.860.995.00%1.59%6.67%
BSE Limited IPO Feb 03, 20171,243.434,326.465,739.2720,177.8915,851.4332.66%251.58%366.38%
Madhav Copper NSE SME IPO Feb 06, 20174.48219.86254.60101.11-118.7515.80%-60.29%-54.01%Yes
Steel City Securities IPO Feb 17, 201726.9983.0975.69145.6362.54-8.91%92.42%75.27%Yes
Krishana Phoschem IPO Feb 27, 201719.7374.7089.64588.46513.7620.00%556.47%687.77%Yes
Tanvi Foods IPO Mar 02, 20176.6024.7024.8040.0215.310.42%61.33%62.00%
Global Education IPO Mar 02, 201710.2537.2544.6946.259.0020.00%3.48%24.17%Yes
Nitiraj Engineers IPO Mar 09, 201722.0182.0177.50200.96118.95-5.50%159.31%145.05%Yes
Sanginita Chemicals IPO Mar 10, 201710.0537.9939.5427.39-10.604.09%-30.74%-27.91%Yes
RMC Switchgears IPO Mar 14, 20174.1513.7516.50451.70437.9520.00%2,637.81%3,185.37%
Akash Infra Projects IPO Mar 15, 201725.5094.8597.2429.53-65.332.52%-69.64%-68.87%Yes
Radio City IPO Mar 17, 2017488.531,899.922,129.0089.92-1,810.0112.06%-95.78%-95.27%
IFL Enterprises IPO Mar 21, 20173.256.006.020.34-5.660.25%-94.31%-94.30%Yes
DMart IPO Mar 21, 20171,870.0018,660.1339,988.213,24,402.243,05,742.11114.30%711.24%1,638.48%
Airan IPO Mar 24, 201714.8556.2667.320.00-56.2619.67%-100.00%-100.00%Yes
Sarthak Metals IPO Mar 27, 201710.9141.0742.10250.04208.972.50%493.98%508.83%Yes
Chemcrux Enterprises IPO Mar 28, 20172.408.8910.66105.0296.1320.00%884.95%1,081.94%Yes
Manomay Tex India IPO Mar 28, 201711.4138.0540.52284.99246.946.50%603.29%649.00%Yes
Manas Properties IPO Mar 30, 201739.96149.76149.840.00-149.760.06%-100.00%-100.00%
Maximus International IPO Mar 30, 20173.7713.0213.079.18-3.830.40%-29.72%-29.44%Yes
Oceanic Foods IPO Mar 31, 20176.5024.3824.4518.33-6.050.31%-25.05%-24.82%Yes
Euro India Fresh Foods IPO Mar 31, 201751.26193.44222.830.00-193.4415.19%-100.00%-100.00%Yes
Laxmi Cotspin IPO Mar 31, 20179.6034.3034.1263.5529.25-0.50%86.23%85.30%Yes
Prime Customer Services IPO Mar 31, 20177.2820.9659.0374.3753.41181.67%25.98%254.83%
CL Educate IPO Mar 31, 2017238.95711.00591.88166.63-544.37-16.75%-71.85%-76.56%
Octaware Technologies IPO Apr 03, 20178.6032.3232.5128.51-3.810.61%-12.32%-11.79%
Bohra Industries IPO Apr 05, 201725.1583.8388.170.00-83.835.18%-100.00%-100.00%
Relstruct Buildcon IPO Apr 05, 201723.3673.3668.590.00-73.36-6.50%-100.00%-100.00%
Shankara Buildpro IPO Apr 05, 2017345.001,051.071,445.911,216.27165.2037.57%-15.88%15.72%
Creative Peripherals Distribution IPO Apr 12, 201713.5043.5048.28487.46443.9611.00%909.55%1,020.60%Yes
Focus Lighting And Fixtures IPO Apr 13, 20174.0515.2018.240.00-15.2020.00%-100.00%-100.00%Yes
Dev Information Technology IPO Apr 17, 20176.2523.1927.8280.0056.8120.00%187.52%245.02%Yes
Escorp Asset Management IPO Apr 17, 20173.2410.0110.0741.3531.350.67%310.60%313.33%
ASL Industries IPO Apr 18, 20179.8036.4636.5147.5511.090.14%30.24%30.43%
Sikko Industries IPO Apr 18, 20175.1217.9219.7157.8739.9510.00%193.58%222.94%Yes
M K Proteins IPO Apr 18, 201710.2329.2030.030.00-29.202.86%-100.00%-100.00%Yes
KMS Medisurgi IPO Apr 24, 20172.709.9010.060.00-9.901.67%-100.00%-100.00%
Panache Digilife IPO Apr 25, 201714.5848.6051.450.00-48.605.86%-100.00%-100.00%Yes
InfoBeans Technologies IPO May 02, 201736.78139.29167.151,020.90881.6120.00%510.78%632.93%Yes
Pure Giftcarat IPO May 08, 20177.4528.1028.6430.592.491.92%6.79%8.85%Yes
CKP Products IPO May 09, 20176.2420.1220.180.00-20.110.30%-100.00%-100.00%
S Chand and Company IPO May 09, 2017728.562,324.582,344.88755.21-1,569.370.87%-67.79%-67.51%
Zota Health Care IPO May 10, 201758.50219.29220.341,116.20896.900.48%406.57%409.00%Yes
Meera Industries IPO May 15, 20173.8916.0216.0443.7827.760.14%172.95%173.33%Yes
IRB InvIT Fund IPO May 18, 20175,921.105,921.105,908.913,558.46-2,362.64-0.21%-39.78%-39.90%
HUDCO IPO May 19, 20171,224.3512,011.4014,513.7846,964.5734,953.1720.83%223.59%291.00%
PSP Projects IPO May 29, 2017211.68756.00752.222,405.161,649.16-0.50%219.74%218.14%
Bhakti Gems and Jewellery IPO May 30, 20173.9213.6313.6612.73-0.900.25%-6.83%-6.60%Yes
Jalan Transolutions IPO May 31, 201717.7166.8760.987.78-59.09-8.80%-87.25%-88.37%
Yug Decor IPO May 31, 20172.8810.8410.8815.574.730.38%43.07%43.62%
Vadivarhe Speciality IPO Jun 02, 201714.4653.6964.4370.4316.7520.00%9.33%31.19%
IndiGrid InvIT Fund Jun 06, 20172,250.008,084.837,959.5211,659.943,575.11-1.55%46.49%44.22%
Riddhi Corporate Services IPO Jun 22, 201712.3542.2543.7123.50-18.753.46%-46.25%-44.38%Yes
Globe Textiles IPO Jun 23, 201713.7151.3950.530.00-51.39-1.67%-100.00%-100.00%Yes
Tejas Networks IPO Jun 27, 2017776.692,301.382,357.8010,856.338,554.952.45%360.44%371.73%
Eris Lifesciences IPO Jun 29, 20171,741.168,291.258,264.4417,526.449,235.19-0.32%112.07%111.38%
CDSL IPO Jun 30, 2017523.991,557.052,733.7215,348.9613,791.9175.57%461.47%885.77%
GTPL Hathway IPO Jul 04, 2017484.801,911.871,930.431,911.53-0.340.97%-0.98%-0.02%
Accord Synergy IPO Jul 06, 20175.8320.8325.0012.20-8.6320.00%-51.18%-41.42%
Au Financiers IPO Jul 10, 20171,912.5110,176.1815,383.6620,919.4510,743.2651.17%35.98%105.57%
Pushpanjali Realms IPO Jul 10, 201714.5555.0655.510.00-55.060.82%-100.00%-100.00%
Gautam Exim IPO Jul 11, 20173.3212.3213.5125.6613.339.63%89.92%108.20%
Transwind Infrastructures IPO Jul 12, 20177.2918.0621.6715.75-2.3120.00%-27.31%-12.78%
Ace Integrated Solutions IPO Jul 13, 20177.2027.2026.8923.19-4.01-1.13%-13.75%-14.72%Yes
GG Engineering IPO Jul 17, 20172.238.388.670.77-7.603.50%-91.06%-90.75%Yes
7NR Retails IPO Jul 18, 20175.1218.8518.854.06-14.800.00%-78.48%-78.48%Yes
Shrenik IPO Jul 18, 201721.6081.6097.920.00-81.6020.00%-100.00%-100.00%Yes
Salasar Techno IPO Jul 25, 201735.87143.39344.0826.51-116.88139.95%-92.29%-81.51%
Univastu India IPO Jul 27, 20175.9922.7322.84129.74107.010.50%467.96%470.80%Yes
Jigar Cables IPO Jul 28, 20175.5921.1025.3263.2942.1920.00%150.00%200.00%
Captain Technocast IPO Aug 01, 20175.7020.4224.76142.94122.5221.25%477.32%600.00%
Shanti Overseas IPO Aug 03, 201710.0237.0231.7613.89-23.13-14.20%-56.27%-62.48%Yes
Keerti Knowledge IPO Aug 07, 20174.0615.0114.790.00-15.01-1.44%-100.00%-100.00%
Global Space IPO Aug 07, 201720.0275.6168.8021.87-53.74-9.02%-68.21%-71.08%Yes
Total Transport IPO Aug 07, 201717.0164.3877.250.00-64.3820.00%-100.00%-100.00%Yes
Surevin IPO Aug 09, 20173.6513.5513.620.00-13.550.50%-100.00%-100.00%Yes
SiS IPO Aug 10, 2017779.585,962.465,535.943,056.95-2,905.51-7.15%-44.78%-48.73%
Cochin Shipyard IPO Aug 11, 20171,442.015,872.447,095.8623,195.4417,323.0020.83%226.89%294.99%
Vaishali Pharma IPO Aug 22, 201714.2347.4646.37127.8580.39-2.29%175.71%169.39%Yes
Ashok Masala IPO Aug 22, 20172.015.164.9014.078.91-5.00%187.05%172.70%
Lexus Granito IPO Aug 23, 201725.9286.36103.6378.45-7.9120.00%-24.30%-9.16%Yes
Servotech Power IPO Aug 24, 201715.1356.7658.32350.64293.882.74%501.26%517.74%Yes
Geekay Wires IPO Aug 24, 201711.0027.5027.700.00-27.500.76%-100.00%-100.00%Yes
Apex Frozen Foods IPO Sep 04, 2017152.25546.88655.78790.78243.9119.91%20.59%44.60%
Shish Industries IPO Sep 05, 20174.0613.3314.6447.4434.129.83%224.13%256.00%Yes
ANG Lifesciences IPO Sep 08, 201712.0141.4749.7626.40-15.0720.00%-46.95%-36.34%Yes
Pashupati Cotspin IPO Sep 08, 20171.5442.0042.00277.90235.900.00%561.67%561.67%
Dhruv Wellness IPO Sep 12, 20175.5721.0820.5513.54-7.54-2.50%-34.10%-35.75%
Manav infra projects IPO Sep 18, 20175.5120.5116.4115.93-4.58-20.00%-2.92%-22.33%
Bharat Road Network IPO Sep 18, 2017600.651,720.981,747.42394.23-1,326.751.54%-77.44%-77.09%
Dixon IPO Sep 18, 2017600.002,000.013,276.1215,968.3813,968.3763.81%387.42%698.41%
Matrimony IPO Sep 21, 2017496.882,225.542,036.201,706.33-519.22-8.51%-16.20%-23.33%
Capacite Infra IPO Sep 25, 2017400.001,697.292,324.602,786.611,089.3236.96%19.87%64.18%
Sri Krishna Metcom IPO Sep 26, 201719.2572.7864.840.00-72.78-10.91%-100.00%-100.00%
ICICI Lombard IPO Sep 27, 20175,700.9430,005.9830,938.851,02,478.8372,472.853.11%231.23%241.53%
Worth Peripherals IPO Sep 27, 201718.2867.7381.28238.04170.3220.00%192.89%251.47%Yes
AKM Lace IPO Sep 29, 20174.767.537.5060.6753.13-0.40%708.84%705.60%
Madhya Pradesh Today IPO Sep 29, 201714.1730.1436.1718.27-11.8720.00%-49.49%-39.39%
SBI Life Insurance IPO Oct 03, 20178,400.0070,000.0070,800.001,89,830.001,19,830.001.14%168.12%171.19%
Cadsys India IPO Oct 04, 201714.7052.5263.0297.8345.3220.00%55.24%86.29%
R M Drip IPO Oct 04, 201711.4638.1339.34156.55118.413.16%297.96%310.53%
D P Wires IPO Oct 05, 201726.88101.76101.76560.97459.210.00%451.27%451.27%Yes
Prataap Snacks Oct 05, 2017481.562,199.892,763.472,444.04244.1525.62%-11.56%11.10%
Share India Securities IPO Oct 05, 201726.37100.14227.39812.00711.85127.07%257.09%710.85%Yes
Aarvi Encon IPO Oct 05, 201721.2479.8380.57209.12129.290.93%159.54%161.94%Yes
Innovative Tyres IPO Oct 05, 201728.3480.9684.830.00-80.964.78%-100.00%-100.00%
Shree Tirupati IPO Oct 05, 201710.8040.5243.61764.82724.307.62%1,653.77%1,787.50%
Trident Texofab IPO Oct 05, 20173.5311.9927.1719.127.13126.67%-29.63%59.50%Yes
Vanta Bioscience IPO Oct 06, 20177.5628.6428.7529.340.700.40%2.05%2.46%
Airo Lam IPO Oct 06, 201715.2057.0068.40197.82140.8220.00%189.21%247.05%Yes
Mehai Technology IPO Oct 09, 20176.0021.4218.4747.7026.28-13.75%158.17%122.67%Yes
RKEC Projects IPO Oct 09, 201728.70107.96129.550.00-107.9620.00%-100.00%-100.00%Yes
Goldstar Power IPO Oct 10, 20177.2526.7528.1413.11-13.645.20%-53.42%-51.00%
IRIS Business IPO Oct 11, 201716.0164.1966.74616.40552.223.97%823.62%860.29%Yes
Jash Engineering IPO Oct 11, 201748.01142.04170.452,602.512,460.4720.00%1,426.88%1,732.25%Yes
Reliable Data IPO Oct 11, 201714.8249.0258.820.00-49.0220.00%-100.00%-100.00%Yes
Siddharth Education IPO Oct 12, 201710.8840.6048.720.00-40.6020.00%-100.00%-100.00%
Tirupati Forge IPO Oct 12, 20175.2216.8519.820.00-16.8517.59%-100.00%-100.00%
Beta Drugs IPO Oct 12, 201719.5273.5288.181,444.471,370.9519.94%1,538.06%1,864.71%
CMM Infraprojects IPO Oct 12, 201718.1862.6966.224.00-58.705.62%-93.96%-93.62%
Shreeji Translogistics IPO Oct 13, 201712.4045.4246.128.16-37.261.54%-82.30%-82.03%Yes
Shree Ganesh Remedies IPO Oct 13, 20178.5532.3029.61738.39706.09-8.33%2,394.09%2,186.25%Yes
Omfurn India IPO Oct 13, 20174.1715.6715.5746.2930.62-0.65%197.37%195.43%
Godrej Agrovet IPO Oct 16, 20171,157.318,833.3211,436.2714,651.795,818.4729.47%28.12%65.87%
Milton Industries IPO Oct 16, 201714.2852.5353.0764.8912.361.03%22.27%23.53%
MAS Financial IPO Oct 18, 2017460.042,508.993,579.001,641.77-867.2142.65%-54.13%-34.56%
DP Abhushan IPO Oct 23, 201716.6162.3174.783,809.923,747.6120.00%4,995.09%6,014.11%Yes
Indian Energy Exchange IPO Oct 23, 20171,000.735,004.224,932.80632.84-4,371.39-1.43%-87.17%-87.35%
General Insurance Corporation IPO Oct 25, 201711,175.8480,000.6476,351.4935,083.61-44,917.03-4.56%-54.05%-56.15%
Kaarya Facilities IPO Oct 27, 20176.4018.7022.442.45-16.2620.00%-89.10%-86.92%
Sheetal Cool Products IPO Oct 30, 201724.0084.0090.93396.64312.648.25%336.20%372.19%Yes
Reliance Nippon Life IPO Nov 06, 20171,542.2415,422.4017,380.8041,264.1025,841.7012.70%137.41%167.56%
Mahindra Logistics IPO Nov 10, 2017829.363,051.993,053.063,545.36493.370.03%16.12%16.17%
SecUR Credentials IPO Nov 13, 201730.07100.2197.080.00-100.21-3.12%-100.00%-100.00%Yes
New India Assurance IPO Nov 13, 20179,600.0065,920.0059,744.1219,434.04-46,485.96-9.37%-67.47%-70.52%
Khadim India IPO Nov 14, 2017543.061,347.391,236.90704.60-642.79-8.20%-43.04%-47.71%
HDFC Life IPO Nov 17, 20178,695.0158,260.2269,158.901,46,564.6488,304.4218.71%111.92%151.57%
ANI IPO Nov 20, 201725.6696.87116.25201.30104.4320.00%73.17%107.80%
Sanghvi Brands IPO Nov 22, 201718.9671.8786.2420.83-51.0420.00%-75.85%-71.01%
Pulz Electronics IPO Nov 24, 20173.9214.7217.4649.7935.0718.61%185.17%238.24%
Vertoz Advertising IPO Nov 24, 201717.1164.6477.5721.30-43.3420.00%-72.54%-67.05%Yes
Sharika Enterprises IPO Nov 27, 201713.8746.5555.8622.30-24.2520.00%-60.08%-52.09%Yes
Silver Touch IPO Dec 01, 201740.22152.40153.66937.32784.920.83%510.00%515.04%Yes
Felix Industries IPO Dec 05, 20174.7917.8318.23149.94132.112.29%722.35%741.14%
Zodiac Energy Dec 05, 201710.1438.0537.390.00-38.05-1.73%-100.00%-100.00%Yes
ICE Make IPO Dec 08, 201723.7189.33107.201,117.571,028.2420.00%942.54%1,151.05%Yes
Shradha Infra IPO Dec 11, 201718.9367.5067.740.00-67.500.36%-100.00%-100.00%Yes
Innovana Thinklabs IPO Dec 12, 20177.7028.7034.28186.12157.4219.43%443.00%548.50%
Ratnabhumi Developers IPO Dec 14, 201723.3186.3187.06213.72127.410.87%145.48%147.62%Yes
Dynamic Cables IPO Dec 14, 201723.3888.06105.671,192.611,104.5520.00%1,028.65%1,254.38%Yes
Shalby Hospital IPO Dec 15, 2017504.802,678.642,584.132,971.35292.71-3.53%14.98%10.93%
MRC Exim IPO Dec 18, 20174.5015.6313.0316.811.18-16.67%29.04%7.53%Yes
Future Supply Chain IPO Dec 18, 2017649.702,659.732,747.068.45-2,651.283.28%-99.69%-99.68%
Touchwood Entertainment IPO Dec 21, 20174.2116.2919.550.00-16.2920.00%-100.00%-100.00%Yes
Diggi Multitrade IPO Dec 22, 20173.3812.5812.6117.685.100.23%40.21%40.54%
Kids Medical Systems IPO Dec 22, 20176.0021.2724.360.00-21.2714.50%-100.00%-100.00%
One Point One Solutions IPO Dec 26, 201744.38112.00134.40120.548.5420.00%-10.31%7.63%Yes
SMVD Ploy Pack IPO Dec 26, 20179.0227.3126.617.20-20.11-2.55%-72.95%-73.64%
Astron Paper IPO Dec 29, 201770.00232.50556.60101.88-130.62139.40%-81.70%-56.18%

Note: Three prices are taken into account in this report:

  1. Issue price final (price at which the IPO shares are sold)
  2. Listing day close price (price at the end of the day on which the IPO shares are listed)
  3. 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