Wealth created through IPOs in India Mainboard IPO | SME IPO

Wealth created by 2024 Mainline 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 2023	2024	Year 2025 > >

2024 Mainline 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 (%)
BlackBuck IPO	Nov 22, 2024	1,114.72	4,817.81	4,591.92	4,589.28	-228.54	-4.69%	-0.06%	-4.74%
Niva Bupa Health Insurance IPO	Nov 14, 2024	2,200.00	13,380.91	13,380.91	13,326.66	-54.25	0.00%	-0.41%	-0.41%
ACME Solar Holdings IPO	Nov 13, 2024	2,900.00	17,486.81	15,338.78	14,863.79	-2,623.02	-12.28%	-3.10%	-15.00%
Swiggy IPO	Nov 13, 2024	11,327.43	87,298.60	1,02,061.02	93,252.82	5,954.21	16.91%	-8.63%	6.82%
Sagility India IPO	Nov 12, 2024	2,106.60	14,043.99	13,744.38	13,117.08	-926.90	-2.13%	-4.56%	-6.60%
Afcons Infrastructure IPO	Nov 04, 2024	5,430.00	17,026.18	17,450.92	18,285.68	1,259.50	2.49%	4.78%	7.40%
Godavari Biorefineries IPO	Oct 30, 2024	554.75	1,801.39	1,754.57	1,421.67	-379.73	-2.60%	-18.97%	-21.08%
Waaree Energies IPO	Oct 28, 2024	4,321.44	43,178.66	67,132.34	77,715.85	34,537.19	55.48%	15.77%	79.99%
Deepak Builders & Engineers IPO	Oct 28, 2024	260.04	945.59	754.14	700.67	-244.92	-20.25%	-7.09%	-25.90%
Hyundai Motor IPO	Oct 22, 2024	27,870.16	1,59,258.06	1,47,914.98	1,48,711.27	-10,546.78	-7.12%	0.54%	-6.62%
Garuda Construction and Engineering IPO	Oct 15, 2024	264.10	883.90	993.96	722.56	-161.33	12.45%	-27.31%	-18.25%
Diffusion Engineers IPO	Oct 04, 2024	158.00	628.76	738.61	1,135.51	506.75	17.47%	53.74%	80.60%
KRN Heat Exchanger IPO	Oct 03, 2024	341.95	1,309.95	2,848.83	4,706.87	3,396.93	117.48%	65.22%	259.32%
Manba Finance IPO	Sep 30, 2024	150.84	602.87	791.02	733.04	130.17	31.21%	-7.33%	21.59%
Arkade Developers IPO	Sep 24, 2024	410.00	2,376.41	3,079.13	2,487.06	110.65	29.57%	-19.23%	4.66%
Western Carriers (India) IPO	Sep 24, 2024	492.88	1,753.63	1,625.68	1,209.39	-544.24	-7.30%	-25.61%	-31.03%
Northern Arc Capital IPO	Sep 24, 2024	777.00	4,242.86	5,220.49	3,756.46	-486.40	23.04%	-28.04%	-11.46%
P N Gadgil Jewellers IPO	Sep 17, 2024	1,100.00	6,514.00	10,758.96	8,333.85	1,819.85	65.17%	-22.54%	27.94%
Bajaj Housing Finance IPO	Sep 16, 2024	6,560.00	58,297.03	1,37,406.09	1,05,725.82	47,428.80	135.70%	-23.06%	81.36%
Tolins Tyres IPO	Sep 16, 2024	230.00	892.90	941.50	711.48	-181.42	5.44%	-24.43%	-20.32%
Kross IPO	Sep 16, 2024	500.00	1,548.23	1,674.02	1,405.21	-143.02	8.12%	-16.06%	-9.24%
Shree Tirupati Balajee IPO	Sep 12, 2024	169.65	677.04	795.64	586.90	-90.14	17.52%	-26.24%	-13.31%
Gala Precision Engineering IPO	Sep 09, 2024	167.93	670.24	997.19	1,356.13	685.89	48.78%	36.00%	102.33%
Baazar Style Retail IPO	Sep 06, 2024	834.68	2,902.55	2,982.01	2,325.77	-576.78	2.74%	-22.01%	-19.87%
ECO Mobility IPO	Sep 04, 2024	601.20	2,004.00	2,656.80	1,984.50	-19.50	32.57%	-25.30%	-0.97%
Premier Energies IPO	Sep 03, 2024	2,830.40	20,284.33	37,848.31	47,843.98	27,559.65	86.59%	26.41%	135.87%
Orient Technologies IPO	Aug 28, 2024	214.76	857.82	1,267.78	1,828.49	970.67	47.79%	44.23%	113.16%
Interarch Building Products IPO	Aug 26, 2024	600.29	1,497.43	1,989.17	2,385.91	888.48	32.84%	19.94%	59.33%
Saraswati Saree Depot IPO	Aug 20, 2024	160.01	633.60	831.40	473.97	-159.63	31.22%	-42.99%	-25.19%
Unicommerce eSolutions IPO	Aug 13, 2024	276.57	1,106.29	2,151.63	1,769.24	662.95	94.49%	-17.77%	59.93%
Brainbees Solutions (Firstcry) IPO	Aug 13, 2024	4,193.73	24,141.75	35,213.21	28,315.94	4,174.19	45.86%	-19.59%	17.29%
OLA Electric IPO	Aug 09, 2024	6,145.56	33,521.75	40,217.28	30,495.97	-3,025.78	19.97%	-24.17%	-9.03%
Ceigall India IPO	Aug 08, 2024	1,252.66	6,985.41	6,724.98	5,630.13	-1,355.27	-3.73%	-16.28%	-19.40%
Akums Drugs and Pharmaceuticals IPO	Aug 06, 2024	1,856.74	10,685.49	12,532.24	10,073.32	-612.17	17.28%	-19.62%	-5.73%
Sanstar IPO	Jul 26, 2024	510.15	1,731.32	2,097.45	2,022.91	291.59	21.15%	-3.55%	16.84%
Bansal Wire IPO	Jul 10, 2024	745.00	4,007.83	5,484.15	6,470.46	2,462.63	36.84%	17.98%	61.45%
Emcure Pharma IPO	Jul 10, 2024	1,952.03	19,029.89	25,653.54	24,809.66	5,779.76	34.81%	-3.29%	30.37%
Vraj Iron and Steel IPO	Jul 03, 2024	171.00	682.74	831.00	714.34	31.60	21.71%	-14.04%	4.63%
Allied Blenders IPO	Jul 02, 2024	1,500.00	7,859.59	8,890.29	8,814.77	955.18	13.11%	-0.85%	12.15%
Stanley Lifestyles IPO	Jun 28, 2024	537.02	2,103.94	2,702.62	2,369.92	265.99	28.46%	-12.31%	12.64%
DEE Piping Systems IPO	Jun 26, 2024	418.01	1,401.69	2,313.14	1,937.17	535.47	65.02%	-16.25%	38.20%
Aasaan Loans IPO	Jun 26, 2024	132.00	4,649.08	5,112.05	3,163.31	-1,485.77	9.96%	-38.12%	-31.96%
ixigo IPO	Jun 18, 2024	740.10	3,603.04	6,275.87	5,529.69	1,926.66	74.18%	-11.89%	53.47%
Kronox Lab Sciences IPO	Jun 10, 2024	130.15	504.61	561.75	617.89	113.28	11.32%	9.99%	22.45%
Awfis Space Solutions IPO	May 30, 2024	598.93	2,658.70	2,794.07	4,726.31	2,067.61	5.09%	69.16%	77.77%
Go Digit IPO	May 23, 2024	2,614.65	24,947.90	28,043.46	29,222.07	4,274.16	12.41%	4.20%	17.13%
Aadhar Housing Finance IPO	May 15, 2024	3,000.00	13,434.78	14,055.34	17,776.56	4,341.78	4.62%	26.48%	32.32%
TBO Tek IPO	May 15, 2024	1,550.81	9,990.08	15,254.96	16,507.52	6,517.44	52.70%	8.21%	65.24%
Indegene IPO	May 13, 2024	1,841.76	10,814.07	13,652.76	15,319.13	4,505.06	26.25%	12.21%	41.66%
JNK India IPO	Apr 30, 2024	649.47	2,323.46	3,885.21	3,425.00	1,101.54	67.22%	-11.85%	47.41%
Bharti Hexacom IPO	Apr 12, 2024	4,275.00	28,500.00	40,687.50	66,462.50	37,962.50	42.76%	63.35%	133.20%
SRM Contractors IPO	Apr 03, 2024	130.20	481.83	541.94	761.29	279.46	12.48%	40.47%	58.00%
Krystal Integrated Services IPO	Mar 21, 2024	300.13	998.99	995.22	898.89	-100.11	-0.38%	-9.68%	-10.02%
Popular Vehicles & Services IPO	Mar 19, 2024	601.55	2,100.39	1,966.89	1,127.37	-973.01	-6.36%	-42.68%	-46.33%
Gopal Namkeen IPO	Mar 14, 2024	650.00	4,996.64	4,486.38	5,462.66	466.02	-10.21%	21.76%	9.33%
JG Chemicals IPO	Mar 13, 2024	251.19	866.01	723.57	1,691.86	825.85	-16.45%	133.82%	95.36%
R K SWAMY IPO	Mar 12, 2024	423.56	1,453.37	1,328.47	1,029.16	-424.20	-8.59%	-22.53%	-29.19%
Mukka Proteins IPO	Mar 07, 2024	224.00	840.00	1,267.80	1,216.80	376.80	50.93%	-4.02%	44.86%
Platinum Industries IPO	Mar 05, 2024	235.32	939.22	1,213.29	2,234.89	1,295.68	29.18%	84.20%	137.95%
Exicom Tele-Systems IPO	Mar 05, 2024	429.00	1,715.71	2,726.41	3,270.12	1,554.41	58.91%	19.94%	90.60%
GPT Healthcare IPO	Feb 29, 2024	525.14	1,526.22	1,647.25	1,348.00	-178.22	7.93%	-18.17%	-11.68%
Juniper Hotels IPO	Feb 28, 2024	1,800.00	8,010.09	8,840.02	6,928.72	-1,081.36	10.36%	-21.62%	-13.50%
Vibhor Steel Tubes IPO	Feb 20, 2024	72.17	286.33	838.14	397.93	111.59	192.72%	-52.52%	38.97%
Entero Healthcare Solutions IPO	Feb 16, 2024	1,600.00	5,978.88	5,463.21	6,192.03	213.16	-8.62%	13.34%	3.57%
Jana SFB IPO	Feb 14, 2024	570.00	4,330.04	3,851.01	4,300.23	-29.81	-11.06%	11.66%	-0.69%
Rashi Peripherals IPO	Feb 14, 2024	600.00	2,049.48	2,112.41	2,439.94	390.46	3.07%	15.50%	19.05%
Capital SFB IPO	Feb 14, 2024	523.07	2,104.41	1,952.87	1,285.35	-819.06	-7.20%	-34.18%	-38.92%
Apeejay Surrendra Park IPO	Feb 12, 2024	920.00	3,307.26	4,341.04	3,167.71	-139.54	31.26%	-27.03%	-4.22%
BLS E-Services IPO	Feb 06, 2024	310.91	1,211.71	3,327.72	1,860.38	648.67	174.63%	-44.09%	53.53%
Nova AgriTech IPO	Jan 31, 2024	143.81	379.33	543.92	546.51	167.18	43.39%	0.48%	44.07%
EPACK Durable IPO	Jan 30, 2024	640.05	2,203.37	1,989.74	3,767.76	1,564.39	-9.70%	89.36%	71.00%
Medi Assist Healthcare IPO	Jan 23, 2024	1,171.58	2,878.32	3,196.79	3,861.62	983.31	11.06%	20.80%	34.16%
Jyoti CNC Automation IPO	Jan 16, 2024	1,000.00	7,527.47	9,850.52	27,998.31	20,470.84	30.86%	184.23%	271.95%

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<< Year 2023	2024	Year 2025 > >

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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