Wealth created through IPOs in India Mainboard IPO | SME IPO

Wealth created by 2023 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 2022	2023	Year 2024 > >

2023 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 (%)
Homesfy Realty IPO	Jan 02, 2023	15.86	60.19	87.97	161.67	101.48	46.17%	83.76%	168.60%
RBM Infracon IPO	Jan 04, 2023	8.37	30.39	46.51	737.07	706.68	53.06%	1,484.75%	2,325.56%
Radiant Cash Management IPO	Jan 04, 2023	256.64	1,003.05	1,117.23	834.24	-168.81	11.38%	-25.33%	-16.83%
Anlon Technology Solutions IPO	Jan 10, 2023	15.00	56.05	147.78	223.14	167.09	163.65%	51.00%	298.10%
SVS Ventures IPO	Jan 12, 2023	11.24	42.70	45.90	41.91	-0.79	7.50%	-8.70%	-1.85%
Sah Polymers IPO	Jan 12, 2023	66.30	167.67	230.23	223.96	56.29	37.31%	-2.72%	33.57%
Rex Sealing and Packing Industries IPO	Jan 12, 2023	8.09	29.97	31.93	49.25	19.28	6.56%	54.22%	64.33%
Chaman Metallics IPO	Jan 16, 2023	24.21	91.71	155.91	280.93	189.22	70.00%	80.19%	206.32%
Eastern Logica Infoway IPO	Jan 17, 2023	16.94	64.14	80.82	66.69	2.55	26.00%	-17.48%	3.98%
Ducol Organics And Colours IPO	Jan 19, 2023	31.51	113.41	170.84	190.91	77.50	50.64%	11.74%	68.33%
Aristo Bio-Tech and Lifescience IPO	Jan 30, 2023	13.05	49.02	57.19	82.65	33.63	16.67%	44.52%	68.61%
DHARNI Capital Services IPO	Jan 31, 2023	10.74	40.74	41.25	87.79	47.05	1.25%	112.84%	115.50%
Transvoy Logistics India IPO	Feb 02, 2023	5.11	18.91	19.85	57.06	38.15	5.00%	187.39%	201.76%
Gayatri Rubbers and Chemicals IPO	Feb 07, 2023	4.58	17.21	21.09	243.12	225.91	22.50%	1,052.93%	1,312.33%
Earthstahl & Alloys IPO	Feb 08, 2023	12.96	48.96	70.69	49.51	0.55	44.38%	-29.96%	1.13%
Shera Energy IPO	Feb 17, 2023	35.20	129.89	153.37	407.68	277.79	18.07%	165.82%	213.86%
Lead Reclaim and Rubber Products IPO	Feb 21, 2023	4.88	18.35	20.30	75.99	57.63	10.60%	274.32%	314.00%
Indong Tea Company IPO	Feb 21, 2023	13.01	39.00	32.70	46.50	7.50	-16.15%	42.20%	19.23%
Agarwal Float Glass India IPO	Feb 23, 2023	9.20	30.42	31.91	71.71	41.29	4.88%	124.74%	135.71%
Macfos IPO	Mar 01, 2023	23.74	90.12	154.44	709.18	619.05	71.37%	359.18%	686.91%
Viaz Tyres IPO	Mar 01, 2023	20.00	75.96	83.37	71.73	-4.23	9.76%	-13.96%	-5.56%
Sealmatic India IPO	Mar 01, 2023	56.24	203.63	213.81	542.82	339.19	5.00%	153.88%	166.58%
Patron Exim IPO	Mar 06, 2023	16.69	62.59	62.54	19.93	-42.65	-0.07%	-68.12%	-68.15%
SVJ Enterprises IPO	Mar 09, 2023	6.12	20.06	20.11	80.78	60.72	0.28%	301.66%	302.78%
Amanaya Ventures IPO	Mar 09, 2023	2.76	8.60	7.14	6.54	-2.06	-16.96%	-8.38%	-23.91%
Srivasavi Adhesive Tapes IPO	Mar 09, 2023	15.50	58.11	59.53	146.70	88.59	2.44%	146.43%	152.44%
ResGen IPO	Mar 13, 2023	28.20	98.58	97.68	352.90	254.32	-0.91%	261.28%	257.98%
ITCONS E-Solutions IPO	Mar 13, 2023	8.67	25.65	24.81	352.34	326.69	-3.27%	1,320.33%	1,273.82%
Divgi TorqTransfer Systems IPO	Mar 14, 2023	412.12	1,804.39	1,850.73	1,795.22	-9.17	2.57%	-3.00%	-0.51%
Vertexplus Technologies IPO	Mar 15, 2023	14.20	52.60	58.11	67.95	15.34	10.47%	16.93%	29.17%
Systango Technologies IPO	Mar 15, 2023	34.82	132.02	150.94	368.11	236.09	14.33%	143.88%	178.83%
Prospect Commodities IPO	Mar 20, 2023	7.48	24.95	25.14	48.37	23.42	0.74%	92.43%	93.85%
MCON Rasayan IPO	Mar 20, 2023	6.84	25.22	31.77	98.75	73.53	26.00%	210.81%	291.62%
Sudarshan Pharma Industries IPO	Mar 22, 2023	50.10	94.81	90.06	543.96	449.16	-5.00%	503.97%	473.77%
VELS Film International IPO	Mar 22, 2023	33.74	127.79	133.47	63.25	-64.54	4.44%	-52.61%	-50.51%
Global Surfaces IPO	Mar 23, 2023	154.98	629.05	767.88	1,032.08	403.04	22.07%	34.41%	64.07%
Labelkraft Technologies IPO	Mar 23, 2023	4.75	17.84	18.10	22.46	4.62	1.44%	24.13%	25.91%
Bright Outdoor Media IPO	Mar 24, 2023	55.48	203.36	219.38	670.18	466.82	7.88%	205.49%	229.55%
Quality Foils (India) IPO	Mar 24, 2023	4.52	17.12	27.88	29.41	12.29	62.83%	5.48%	71.75%
Nirman Agri Genetics IPO	Mar 28, 2023	20.30	59.01	60.38	229.25	170.24	2.32%	279.66%	288.48%
Dev Labtech Venture IPO	Mar 29, 2023	11.22	42.18	41.53	62.46	20.27	-1.55%	50.39%	48.06%
Command Polymers IPO	Mar 29, 2023	7.09	26.25	24.85	27.17	0.92	-5.36%	9.36%	3.50%
Udayshivakumar Infra IPO	Apr 03, 2023	66.00	197.75	177.98	333.35	135.60	-10.00%	87.30%	68.57%
Maiden Forgings IPO	Apr 06, 2023	23.84	89.54	85.07	126.25	36.71	-4.98%	48.40%	41.00%
Sotac Pharmaceuticals IPO	Apr 13, 2023	33.30	122.66	133.43	149.78	27.13	8.78%	12.26%	22.12%
Infinium Pharmachem IPO	Apr 17, 2023	25.26	93.93	102.84	222.66	128.72	9.48%	116.51%	137.04%
Exhicon Events IPO	Apr 17, 2023	21.12	76.00	79.80	375.09	299.08	5.00%	370.01%	393.52%
Sancode Technologies IPO	Apr 18, 2023	5.15	19.12	24.74	28.08	8.95	29.36%	13.49%	46.81%
Avalon Technologies IPO	Apr 18, 2023	865.00	2,846.76	2,595.05	3,932.57	1,085.82	-8.84%	51.54%	38.14%
MOS Utility IPO	Apr 18, 2023	49.97	189.51	235.64	921.00	731.49	24.34%	290.85%	385.99%
Pattech Fitwell Tube Components IPO	Apr 21, 2023	12.00	38.79	44.68	102.05	63.26	15.20%	128.39%	163.10%
A G Universal IPO	Apr 24, 2023	8.72	32.90	32.96	31.64	-1.26	0.17%	-3.99%	-3.83%
Quicktouch Technologies IPO	May 02, 2023	9.33	35.26	35.26	89.24	53.99	0.00%	153.11%	153.11%
Retina Paints IPO	May 03, 2023	11.10	41.82	42.52	98.97	57.15	1.67%	132.79%	136.67%
Mankind Pharma IPO	May 09, 2023	4,326.36	43,263.55	57,045.80	1,07,564.00	64,300.45	31.86%	88.56%	148.62%
Innokaiz India IPO	May 11, 2023	21.17	79.74	159.09	43.28	-36.47	99.50%	-72.80%	-45.73%
De Neers Tools IPO	May 11, 2023	22.99	86.92	155.35	202.21	115.28	78.71%	30.17%	132.62%
Auro Impex & Chemicals IPO	May 23, 2023	27.07	95.17	92.36	98.83	3.66	-2.95%	7.00%	3.85%
Krishca Strapping Solutions IPO	May 26, 2023	17.93	65.18	136.27	437.42	372.24	109.07%	220.99%	571.11%
Remus Pharmaceuticals IPO	May 29, 2023	47.69	181.03	264.67	391.38	210.35	46.20%	47.88%	116.20%
Vasa Denticity IPO	Jun 02, 2023	54.07	205.01	354.84	896.91	691.90	73.09%	152.76%	337.50%
Crayons Advertising IPO	Jun 02, 2023	41.80	158.80	230.86	327.85	169.06	45.38%	42.01%	106.46%
Hemant Surgical Industries IPO	Jun 05, 2023	24.84	93.96	187.45	159.73	65.77	99.50%	-14.79%	70.00%
Proventus Agrocom IPO	Jun 05, 2023	69.54	264.26	295.47	588.94	324.67	11.81%	99.32%	122.86%
Infollion Research Services IPO	Jun 08, 2023	21.45	79.47	192.41	269.36	189.89	142.13%	39.99%	238.96%
Sahana System IPO	Jun 12, 2023	32.74	107.95	136.86	1,064.45	956.50	26.78%	677.77%	886.04%
CFF Fluid Control IPO	Jun 12, 2023	85.80	321.32	357.84	1,270.49	949.17	11.36%	255.05%	295.39%
Comrade Appliances IPO	Jun 13, 2023	12.30	40.66	68.78	98.63	57.97	69.17%	43.40%	142.59%
Kore Digital IPO	Jun 14, 2023	18.00	63.36	67.21	820.71	757.35	6.08%	1,121.03%	1,195.31%
IKIO Lighting IPO	Jun 16, 2023	606.50	2,202.50	3,120.21	2,287.90	85.40	41.67%	-26.67%	3.88%
Sonalis Consumer Products IPO	Jun 19, 2023	2.83	6.00	7.98	15.47	9.47	33.00%	93.96%	157.97%
Spectrum Talent Management IPO	Jun 22, 2023	105.14	89.71	76.36	62.41	-27.30	-14.88%	-18.27%	-30.43%
Urban Enviro Waste Management IPO	Jun 22, 2023	11.42	34.78	51.48	153.36	118.58	48.05%	197.87%	341.00%
Bizotic Commercial IPO	Jun 23, 2023	42.21	140.70	137.48	57.27	-83.43	-2.29%	-58.35%	-59.30%
Cell Point (India) IPO	Jun 28, 2023	50.34	186.86	177.51	59.79	-127.06	-5.00%	-66.32%	-68.00%
Cosmic CRF IPO	Jun 30, 2023	57.21	217.35	165.19	1,159.44	942.08	-24.00%	601.86%	433.44%
Aatmaj Healthcare IPO	Jun 30, 2023	38.40	135.60	120.23	59.89	-75.71	-11.33%	-50.19%	-55.83%
Vilin Bio Med IPO	Jun 30, 2023	12.00	41.85	39.76	27.48	-14.37	-5.00%	-30.88%	-34.33%
HMA Agro Industries IPO	Jul 04, 2023	480.00	2,929.50	2,928.25	240.52	-2,688.98	-0.04%	-91.79%	-91.79%
Veefin Solutions IPO	Jul 05, 2023	46.73	173.74	191.15	1,470.41	1,296.67	10.02%	669.23%	746.34%
Greenchef Appliances IPO	Jul 06, 2023	53.62	202.47	254.13	195.02	-7.45	25.52%	-23.26%	-3.68%
Magson IPO	Jul 06, 2023	13.74	51.03	75.12	77.72	26.69	47.23%	3.45%	52.31%
Essen Speciality Films IPO	Jul 06, 2023	66.33	221.48	304.28	860.47	638.98	37.38%	182.79%	288.50%
ideaForge Technology IPO	Jul 07, 2023	567.29	2,800.27	5,398.43	2,909.03	108.76	92.78%	-46.11%	3.88%
Pentagon Rubber IPO	Jul 07, 2023	16.17	53.97	95.22	81.96	27.99	76.43%	-13.93%	51.86%
Cyient DLM IPO	Jul 10, 2023	592.00	2,100.95	3,335.75	5,366.54	3,265.59	58.77%	60.88%	155.43%
Global Pet Industries IPO	Jul 10, 2023	13.23	47.96	51.68	109.52	61.56	7.76%	111.93%	128.37%
Tridhya Tech IPO	Jul 13, 2023	26.41	97.81	102.70	74.75	-23.06	5.00%	-27.21%	-23.57%
Synoptics Technologies IPO	Jul 13, 2023	54.03	200.98	191.73	105.15	-95.82	-4.60%	-45.16%	-47.68%
Senco Gold IPO	Jul 14, 2023	405.00	2,461.92	3,144.97	11,265.82	8,803.90	27.74%	258.22%	357.60%
Alphalogic Industries IPO	Jul 14, 2023	12.88	48.91	49.06	109.53	60.63	0.30%	123.28%	123.96%
Kaka Industries IPO	Jul 19, 2023	21.23	79.23	158.06	399.69	320.46	99.50%	152.87%	404.48%
AccelerateBS India IPO	Jul 19, 2023	5.69	19.34	24.70	42.74	23.40	27.74%	73.00%	121.00%
Utkarsh Small Finance Bank IPO	Jul 21, 2023	500.00	2,738.80	5,251.93	5,083.22	2,344.42	91.76%	-3.21%	85.60%
Drone Destination IPO	Jul 21, 2023	44.20	157.95	248.10	637.87	479.92	57.08%	157.10%	303.85%
Ahasolar Technologies IPO	Jul 21, 2023	12.85	48.39	65.70	103.26	54.86	35.76%	57.17%	113.38%
Service Care IPO	Jul 26, 2023	20.68	77.04	77.67	87.56	10.52	0.82%	12.73%	13.66%
Asarfi Hospital IPO	Jul 26, 2023	26.94	102.32	204.13	119.44	17.12	99.50%	-41.49%	16.73%
Netweb Technologies India IPO	Jul 27, 2023	631.00	2,752.20	5,011.75	14,044.20	11,292.00	82.10%	180.23%	410.29%
Yasons Chemex Care IPO	Aug 03, 2023	20.57	77.22	64.86	44.40	-32.82	-16.00%	-31.55%	-42.50%
Shri Techtex IPO	Aug 04, 2023	45.14	152.20	212.57	157.31	5.11	39.67%	-26.00%	3.36%
Innovatus Entertainment Networks IPO	Aug 04, 2023	7.74	19.79	18.41	15.18	-4.61	-6.96%	-17.54%	-23.28%
Khazanchi Jewellers IPO	Aug 07, 2023	97.00	346.46	369.72	1,296.37	949.91	6.71%	250.64%	274.18%
Yatharth Hospital IPO	Aug 07, 2023	686.55	2,575.51	2,575.51	4,854.40	2,278.89	0.00%	88.48%	88.48%
Zeal Global Services IPO	Aug 09, 2023	36.46	137.09	226.47	246.03	108.94	65.19%	8.64%	79.47%
Oriana Power IPO	Aug 11, 2023	59.66	226.35	608.28	4,201.56	3,975.21	168.73%	590.73%	1,756.19%
Vinsys IT Services IPO	Aug 11, 2023	49.84	187.88	319.39	594.75	406.87	70.00%	86.21%	216.56%
SBFC Finance IPO	Aug 16, 2023	1,025.00	6,066.15	9,813.33	9,674.98	3,608.83	61.77%	-1.41%	59.49%
Sangani Hospitals IPO	Aug 17, 2023	15.17	55.11	57.66	56.49	1.38	4.63%	-2.03%	2.50%
Yudiz Solutions IPO	Aug 17, 2023	44.84	170.27	187.19	60.37	-109.90	9.94%	-67.75%	-64.55%
Srivari Spices and Foods IPO	Aug 18, 2023	9.00	30.00	76.10	193.83	163.84	153.69%	154.72%	546.19%
Concord Biotech IPO	Aug 18, 2023	1,551.00	7,752.06	9,853.28	22,300.51	14,548.45	27.11%	126.33%	187.67%
Shelter Pharma IPO	Aug 23, 2023	16.03	48.55	48.50	54.76	6.21	-0.10%	12.89%	12.79%
TVS Supply Chain Solutions IPO	Aug 23, 2023	880.00	8,616.98	8,789.75	8,754.32	137.35	2.01%	-0.40%	1.59%
Pyramid Technoplast IPO	Aug 29, 2023	153.05	610.63	646.49	633.95	23.32	5.87%	-1.94%	3.82%
Shoora Designs IPO	Aug 29, 2023	2.03	7.19	14.35	10.54	3.35	99.50%	-26.55%	46.54%
Crop Life Science IPO	Aug 30, 2023	26.73	89.13	91.10	90.07	0.94	2.21%	-1.13%	1.06%
Bondada Engineering IPO	Aug 30, 2023	42.72	162.02	323.21	1,291.26	1,129.25	99.49%	299.51%	697.00%
Aeroflex Industries IPO	Aug 31, 2023	351.00	1,396.66	2,109.86	2,262.46	865.80	51.06%	7.23%	61.99%
Sungarner Energies IPO	Aug 31, 2023	5.31	19.25	60.83	158.27	139.02	216.08%	160.17%	722.35%
Vishnu Prakash R Punglia IPO	Sep 05, 2023	308.88	1,233.98	1,818.93	2,999.56	1,765.58	47.40%	64.91%	143.08%
Sahaj Fashions IPO	Sep 06, 2023	13.96	39.50	39.97	24.36	-15.14	1.17%	-39.04%	-38.33%
Mono Pharmacare IPO	Sep 07, 2023	14.84	49.47	53.80	72.09	22.62	8.75%	33.99%	45.71%
C P S Shapers IPO	Sep 07, 2023	11.10	38.85	99.22	83.87	45.02	155.41%	-15.47%	115.89%
Basilic Fly Studio IPO	Sep 11, 2023	66.35	225.43	661.29	1,014.31	788.88	193.35%	53.38%	349.95%
Rishabh Instruments IPO	Sep 11, 2023	490.78	1,674.10	1,680.74	1,433.61	-240.49	0.40%	-14.70%	-14.37%
Ratnaveer Precision Engineering IPO	Sep 11, 2023	165.03	475.29	651.83	953.01	477.72	37.14%	46.21%	100.51%
Pramara Promotions IPO	Sep 13, 2023	15.27	56.92	105.30	137.33	80.41	85.00%	30.42%	141.27%
Saroja Pharma Industries IPO	Sep 13, 2023	9.11	33.77	27.44	23.42	-10.35	-18.75%	-14.65%	-30.65%
Kahan Packaging IPO	Sep 15, 2023	5.76	21.76	43.41	19.39	-2.37	99.50%	-55.33%	-10.88%
Jiwanram Sheoduttrai Industries IPO	Sep 18, 2023	17.07	56.92	70.53	39.97	-16.95	23.91%	-43.33%	-29.78%
Jupiter Life Line Hospitals IPO	Sep 18, 2023	869.08	4,819.10	7,049.99	9,055.65	4,236.55	46.29%	28.45%	87.91%
R R Kabel IPO	Sep 20, 2023	1,964.01	10,084.57	11,659.61	16,660.00	6,575.43	15.62%	42.89%	65.20%
Unihealth Consultancy IPO	Sep 21, 2023	56.55	203.28	204.82	247.63	44.35	0.76%	20.90%	21.82%
EMS IPO	Sep 21, 2023	321.24	1,171.70	1,553.47	4,292.25	3,120.55	32.58%	176.30%	266.33%
Meson Valves India IPO	Sep 21, 2023	31.09	103.63	206.71	816.11	712.47	99.46%	294.81%	687.50%
SAMHI Hotels IPO	Sep 22, 2023	1,370.10	2,747.25	3,129.90	4,349.15	1,601.91	13.93%	38.96%	58.31%
Zaggle Prepaid Ocean Services IPO	Sep 22, 2023	563.38	2,002.39	1,932.79	5,410.11	3,407.72	-3.48%	179.91%	170.18%
Holmarc Opto-Mechatronics IPO	Sep 25, 2023	11.40	40.20	68.84	118.59	78.39	71.25%	72.26%	195.00%
Chavda Infra IPO	Sep 25, 2023	43.26	160.26	213.15	452.44	292.17	33.00%	112.26%	182.31%
Madhusudan Masala IPO	Sep 26, 2023	23.80	90.30	147.06	246.97	156.67	62.86%	67.94%	173.50%
Kundan Edifice IPO	Sep 26, 2023	25.22	93.48	80.89	163.27	69.80	-13.46%	101.84%	74.67%
Techknowgreen Solutions IPO	Sep 27, 2023	16.72	63.49	67.44	195.64	132.15	6.22%	190.09%	208.14%
Signatureglobal India IPO	Sep 27, 2023	730.00	4,982.71	5,932.66	20,728.09	15,745.38	19.06%	249.39%	316.00%
Kody Technolab IPO	Sep 27, 2023	27.52	101.98	113.77	2,185.28	2,083.30	11.56%	1,820.76%	2,042.84%
Sai Silks (Kalamandir) IPO	Sep 27, 2023	1,201.00	3,404.73	3,755.17	2,747.55	-657.17	10.29%	-26.83%	-19.30%
Cellecor Gadgets IPO	Sep 28, 2023	50.77	192.90	202.55	130.31	-62.59	5.00%	-35.66%	-32.45%
Hi-Green Carbon IPO	Sep 28, 2023	52.80	187.43	202.04	594.64	407.21	7.80%	194.31%	217.27%
Yatra Online IPO	Sep 28, 2023	775.00	2,190.90	2,097.55	2,070.09	-120.81	-4.26%	-1.31%	-5.51%
Marco Cables & Conductors IPO	Sep 28, 2023	18.73	67.32	75.92	146.13	78.82	12.78%	92.49%	117.08%
Master Components IPO	Sep 29, 2023	15.43	56.00	56.08	120.02	64.02	0.14%	114.02%	114.32%
Manoj Vaibhav Gems 'N' Jewellers IPO	Oct 03, 2023	270.20	1,050.22	1,053.40	1,332.90	282.68	0.30%	26.53%	26.92%
JSW Infrastructure IPO	Oct 03, 2023	2,800.00	24,990.02	33,033.02	71,610.05	46,620.03	32.18%	116.78%	186.55%
Saakshi Medtech and Panels IPO	Oct 03, 2023	45.16	171.26	270.67	437.87	266.61	58.04%	61.77%	155.67%
Mangalam Alloys IPO	Oct 04, 2023	54.91	197.49	187.61	102.82	-94.67	-5.00%	-45.20%	-47.94%
Digikore Studios IPO	Oct 04, 2023	30.48	108.29	179.53	280.54	172.25	65.79%	56.26%	159.06%
Updater Services IPO	Oct 04, 2023	640.00	2,001.08	1,893.36	2,507.02	505.94	-5.38%	32.41%	25.28%
Inspire Films IPO	Oct 05, 2023	21.23	80.29	92.34	46.54	-33.75	15.00%	-49.59%	-42.03%
Newjaisa Technologies IPO	Oct 05, 2023	39.93	151.26	227.86	305.58	154.32	50.64%	34.11%	102.02%
Valiant Laboratories IPO	Oct 06, 2023	152.46	608.30	734.52	528.87	-79.43	20.75%	-28.00%	-13.06%
Vinyas Innovative Technologies IPO	Oct 06, 2023	54.66	207.65	436.06	932.02	724.38	110.00%	113.74%	348.85%
Organic Recycling Systems IPO	Oct 06, 2023	50.00	153.99	173.81	203.07	49.08	12.88%	16.83%	31.87%
E Factor Experiences IPO	Oct 09, 2023	25.92	98.16	158.04	288.33	190.17	61.00%	82.44%	193.73%
Arabian Petroleum IPO	Oct 09, 2023	20.24	76.24	83.05	101.89	25.65	8.93%	22.69%	33.64%
Vishnusurya Projects and Infra IPO	Oct 10, 2023	49.98	167.35	188.63	954.36	787.02	12.72%	405.94%	470.29%
City Crops Agro IPO	Oct 10, 2023	15.00	40.79	41.48	44.22	3.43	1.68%	6.61%	8.40%
Kontor Space IPO	Oct 10, 2023	15.62	57.47	71.63	100.55	43.07	24.62%	40.38%	74.95%
Canarys Automations IPO	Oct 11, 2023	47.03	174.17	232.04	246.09	71.92	33.23%	6.05%	41.29%
Sunita Tools IPO	Oct 11, 2023	22.04	81.56	82.83	342.00	260.44	1.55%	312.90%	319.31%
Goyal Salt IPO	Oct 11, 2023	18.63	68.02	243.62	360.33	292.31	258.16%	47.91%	429.74%
Oneclick Logistics India IPO	Oct 11, 2023	9.91	35.68	47.93	26.04	-9.64	34.34%	-45.68%	-27.02%
Plaza Wires IPO	Oct 12, 2023	71.28	236.26	351.02	372.20	135.94	48.57%	6.03%	57.54%
Karnika Industries IPO	Oct 12, 2023	25.07	94.24	102.42	334.79	240.55	8.68%	226.88%	255.26%
Sharp Chucks And Machines IPO	Oct 12, 2023	16.84	62.41	69.99	132.72	70.32	12.16%	89.62%	112.67%
Vivaa Tradecom IPO	Oct 12, 2023	7.99	20.08	16.75	18.90	-1.18	-16.59%	12.83%	-5.88%
Plada Infotech Services IPO	Oct 13, 2023	12.36	41.16	48.06	25.29	-15.86	16.77%	-47.37%	-38.54%
Committed Cargo Care IPO	Oct 18, 2023	24.98	83.23	93.07	60.10	-23.13	11.82%	-35.42%	-27.79%
Arvind and Company Shipping Agencies IPO	Oct 25, 2023	14.74	54.62	97.16	168.17	113.55	77.89%	73.08%	207.89%
IRM Energy IPO	Oct 26, 2023	545.40	2,073.51	1,941.92	1,809.29	-264.22	-6.35%	-6.83%	-12.74%
WomanCart IPO	Oct 27, 2023	9.56	36.19	51.70	126.66	90.47	42.85%	145.01%	250.00%
Rajgor Castor Derivatives IPO	Oct 31, 2023	47.81	119.58	146.13	79.88	-39.70	22.20%	-45.34%	-33.20%
On Door Concepts IPO	Nov 01, 2023	31.18	117.49	114.89	249.67	132.18	-2.21%	117.31%	112.50%
Blue Jet Healthcare IPO	Nov 01, 2023	840.27	6,001.90	6,866.63	9,008.93	3,007.02	14.41%	31.20%	50.10%
Shanthala FMCG Products IPO	Nov 03, 2023	16.07	60.95	69.36	38.18	-22.77	13.79%	-44.95%	-37.36%
Paragon Fine And Speciality Chemicals IPO	Nov 03, 2023	51.66	195.66	418.22	317.95	122.29	113.75%	-23.98%	62.50%
Transteel Seating Technologies IPO	Nov 06, 2023	49.98	141.25	188.27	146.09	4.84	33.29%	-22.40%	3.43%
Vrundavan Plantation IPO	Nov 06, 2023	15.29	57.59	54.21	25.79	-31.80	-5.88%	-52.42%	-55.22%
KK Shah Hospitals IPO	Nov 06, 2023	8.78	30.64	40.10	30.64	0.00	30.89%	-23.60%	0.00%
Cello World Limited IPO	Nov 06, 2023	1,900.00	13,752.57	16,806.58	18,548.99	4,796.42	22.21%	10.37%	34.88%
Mamaearth IPO	Nov 07, 2023	1,701.44	10,424.63	10,847.73	15,394.02	4,969.39	4.06%	41.91%	47.67%
Mish Designs IPO	Nov 07, 2023	9.76	34.16	42.56	59.70	25.54	24.59%	40.26%	74.75%
Maitreya Medicare Limited IPO	Nov 07, 2023	14.89	55.56	104.66	246.82	191.25	88.35%	135.84%	344.21%
SAR Televenture IPO	Nov 08, 2023	24.75	82.50	165.38	501.68	419.18	100.45%	203.36%	508.09%
Micropro Software Solutions IPO	Nov 10, 2023	30.70	115.83	108.68	61.13	-54.70	-6.17%	-43.75%	-47.22%
ESAF Small Finance Bank IPO	Nov 10, 2023	463.00	3,088.68	3,554.55	2,355.63	-733.05	15.08%	-33.73%	-23.73%
Protean eGov Technologies IPO	Nov 13, 2023	490.33	3,203.38	3,571.45	7,743.32	4,539.94	11.49%	116.81%	141.72%
ASK Automotive IPO	Nov 15, 2023	834.00	5,559.42	6,115.36	9,220.36	3,660.94	10.00%	50.77%	65.85%
Baba Food Processing IPO	Nov 15, 2023	33.00	124.20	117.99	93.97	-30.23	-5.00%	-20.36%	-24.34%
ROX Hi-Tech IPO	Nov 16, 2023	54.49	189.54	323.71	266.73	77.19	70.78%	-17.60%	40.72%
Kalyani Cast Tech IPO	Nov 17, 2023	30.11	99.81	199.12	407.85	308.04	99.50%	104.83%	308.63%
Sunrest Lifescience IPO	Nov 20, 2023	10.85	36.05	34.24	26.58	-9.46	-5.00%	-22.37%	-26.25%
Arrowhead Seperation Engineering IPO	Nov 28, 2023	13.00	43.60	44.44	32.04	-11.56	1.93%	-27.92%	-26.52%
IREDA IPO	Nov 29, 2023	2,150.21	8,600.85	16,123.90	60,343.01	51,742.16	87.47%	274.25%	601.59%
Rockingdeals Circular Economy IPO	Nov 30, 2023	21.00	79.23	178.26	348.28	269.06	125.00%	95.38%	339.61%
Tata Technologies IPO	Nov 30, 2023	3,042.51	20,283.43	53,314.99	44,418.68	24,135.25	162.85%	-16.69%	118.99%
Fedbank Financial Services IPO	Nov 30, 2023	1,092.26	5,115.46	5,115.46	4,388.70	-726.76	0.00%	-14.21%	-14.21%
Gandhar Oil Refinery India IPO	Nov 30, 2023	500.69	1,654.00	2,950.78	2,028.35	374.35	78.40%	-31.26%	22.63%
Flair Writing IPO	Dec 01, 2023	593.00	3,204.02	4,771.25	3,256.19	52.17	48.91%	-31.75%	1.63%
Swashthik Plascon IPO	Dec 05, 2023	40.76	151.05	221.48	136.00	-15.05	46.63%	-38.60%	-9.97%
Deepak Chemtex IPO	Dec 06, 2023	23.04	86.91	173.39	106.41	19.50	99.50%	-38.63%	22.44%
AMIC Forging IPO	Dec 06, 2023	34.80	132.15	263.63	1,609.97	1,477.82	99.48%	510.70%	1,118.25%
Marinetrans India IPO	Dec 08, 2023	10.92	33.09	39.45	32.96	-0.13	19.23%	-16.45%	-0.38%
Net Avenue Technologies IPO	Dec 08, 2023	10.25	38.62	85.60	31.97	-6.65	121.67%	-62.66%	-17.22%
Sheetal Universal IPO	Dec 11, 2023	23.80	80.19	86.38	74.46	-5.73	7.71%	-13.79%	-7.14%
Graphisads IPO	Dec 13, 2023	53.41	202.87	193.64	149.41	-53.46	-4.55%	-22.84%	-26.35%
Accent Microcell IPO	Dec 15, 2023	78.40	294.60	662.85	597.41	302.81	125.00%	-9.87%	102.79%
Presstonic Engineering IPO	Dec 18, 2023	23.30	55.49	113.30	95.77	40.27	104.17%	-15.48%	72.57%
S J Logistics IPO	Dec 19, 2023	48.00	181.04	266.13	868.26	687.22	47.00%	226.26%	379.60%
DOMS IPO	Dec 20, 2023	1,200.00	4,793.77	8,075.68	16,020.28	11,226.52	68.46%	98.38%	234.19%
India Shelter Finance IPO	Dec 20, 2023	1,200.00	5,277.62	5,818.23	7,889.67	2,612.05	10.24%	35.60%	49.49%
Benchmark Computer Solutions IPO	Dec 21, 2023	12.24	45.30	52.94	34.77	-10.54	16.85%	-34.32%	-23.26%
Inox CVA IPO	Dec 21, 2023	1,459.32	5,990.39	8,530.86	10,362.01	4,371.62	42.41%	21.47%	72.98%
Siyaram Recycling IPO	Dec 21, 2023	22.96	86.47	108.56	206.77	120.30	25.54%	90.48%	139.13%
Shree OSFM E-Mobility IPO	Dec 21, 2023	24.60	92.85	97.49	240.97	148.13	5.00%	147.18%	159.54%
Motisons Jewellers IPO	Dec 26, 2023	151.09	541.45	996.08	2,998.76	2,457.31	83.96%	201.06%	453.84%
Muthoot Microfin IPO	Dec 26, 2023	960.00	4,159.96	3,805.44	3,361.71	-798.26	-8.52%	-11.66%	-19.19%
Suraj Estate Developers IPO	Dec 26, 2023	400.00	1,597.00	1,482.99	3,427.78	1,830.78	-7.14%	131.14%	114.64%
Sahara Maritime IPO	Dec 26, 2023	6.88	24.87	24.92	18.73	-6.14	0.20%	-24.84%	-24.69%
Shanti Spintex IPO	Dec 27, 2023	31.25	118.22	134.77	116.53	-1.69	14.00%	-13.53%	-1.43%
Electro Force India IPO	Dec 27, 2023	80.68	217.62	245.70	165.32	-52.30	12.90%	-32.71%	-24.03%
Mufti Menswear IPO	Dec 27, 2023	549.78	1,800.45	2,009.43	1,303.14	-497.31	11.61%	-35.15%	-27.62%
RBZ Jewellers IPO	Dec 27, 2023	100.00	400.00	419.96	681.40	281.40	4.99%	62.25%	70.35%
Happy Forgings IPO	Dec 27, 2023	1,008.59	8,007.41	9,701.22	11,346.51	3,339.09	21.15%	16.96%	41.70%
Azad Engineering IPO	Dec 28, 2023	740.00	3,097.52	4,002.54	8,862.22	5,764.70	29.22%	121.41%	186.11%
Supreme Power Equipment IPO	Dec 29, 2023	46.67	162.44	257.16	700.00	537.56	58.31%	172.21%	330.92%
Innova Captab IPO	Dec 29, 2023	570.00	2,563.68	3,119.62	4,357.11	1,793.43	21.69%	39.67%	69.96%
Trident Techlabs IPO	Dec 29, 2023	16.03	60.48	178.08	1,373.84	1,313.36	194.43%	671.47%	2,171.43%
Indifra IPO	Dec 29, 2023	14.04	47.39	49.86	22.74	-24.64	5.23%	-54.39%	-52.00%

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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

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IPO Performance (Issue Price Vs Current Price) SME IPO | Mainboard IPO
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IPO Performance (Listing Day Gain Vs Post-IPO Performance) Mainboard IPO | SME IPO
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