Wealth created through IPOs in India Mainboard IPO | SME IPO

Wealth created by 2023 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 2022	2023	Year 2024 > >

2023 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 (%)
Innova Captab IPO	Dec 29, 2023	570.00	2,563.68	3,119.62	5,810.33	3,246.66	21.69%	86.25%	126.64%
Azad Engineering IPO	Dec 28, 2023	740.00	3,097.52	4,002.54	9,328.92	6,231.40	29.22%	133.07%	201.17%
RBZ Jewellers IPO	Dec 27, 2023	100.00	400.00	419.96	706.00	306.00	4.99%	68.11%	76.50%
Happy Forgings IPO	Dec 27, 2023	1,008.59	8,007.41	9,701.22	10,038.47	2,031.06	21.15%	3.48%	25.36%
Mufti Menswear IPO	Dec 27, 2023	549.78	1,800.45	2,009.43	1,091.65	-708.80	11.61%	-45.67%	-39.37%
Motisons Jewellers IPO	Dec 26, 2023	151.09	541.45	996.08	285.00	-256.45	83.96%	-71.39%	-47.36%
Muthoot Microfin IPO	Dec 26, 2023	960.00	4,159.96	3,805.44	2,601.19	-1,558.77	-8.52%	-31.65%	-37.47%
Suraj Estate Developers IPO	Dec 26, 2023	400.00	1,597.00	1,482.99	2,657.01	1,060.01	-7.14%	79.17%	66.38%
Inox CVA IPO	Dec 21, 2023	1,459.32	5,990.39	8,530.86	10,158.70	4,168.31	42.41%	19.08%	69.58%
DOMS IPO	Dec 20, 2023	1,200.00	4,793.77	8,075.68	17,574.31	12,780.55	68.46%	117.62%	266.61%
India Shelter Finance IPO	Dec 20, 2023	1,200.00	5,277.62	5,818.23	6,789.18	1,511.56	10.24%	16.69%	28.64%
Flair Writing IPO	Dec 01, 2023	593.00	3,204.02	4,771.25	2,758.72	-445.30	48.91%	-42.18%	-13.90%
Tata Technologies IPO	Nov 30, 2023	3,042.51	20,283.43	53,314.99	38,181.52	17,898.10	162.85%	-28.39%	88.24%
Fedbank Financial Services IPO	Nov 30, 2023	1,092.26	5,115.46	5,115.46	3,433.20	-1,682.25	0.00%	-32.89%	-32.89%
Gandhar Oil Refinery India IPO	Nov 30, 2023	500.69	1,654.00	2,950.78	2,011.81	357.81	78.40%	-31.82%	21.63%
IREDA IPO	Nov 29, 2023	2,150.21	8,600.85	16,123.90	49,858.04	41,257.19	87.47%	209.22%	479.69%
ASK Automotive IPO	Nov 15, 2023	834.00	5,559.42	6,115.36	8,527.40	2,967.98	10.00%	39.44%	53.39%
Protean eGov Technologies IPO	Nov 13, 2023	490.33	3,203.38	3,571.45	7,032.07	3,828.69	11.49%	96.90%	119.52%
ESAF Small Finance Bank IPO	Nov 10, 2023	463.00	3,088.68	3,554.55	2,019.48	-1,069.20	15.08%	-43.19%	-34.62%
Mamaearth IPO	Nov 07, 2023	1,701.44	10,424.63	10,847.73	7,231.28	-3,193.35	4.06%	-33.34%	-30.63%
Cello World Limited IPO	Nov 06, 2023	1,900.00	13,752.57	16,806.58	15,805.91	2,053.34	22.21%	-5.95%	14.93%
Blue Jet Healthcare IPO	Nov 01, 2023	840.27	6,001.90	6,866.63	9,254.38	3,252.48	14.41%	34.77%	54.19%
IRM Energy IPO	Oct 26, 2023	545.40	2,073.51	1,941.92	1,505.66	-567.86	-6.35%	-22.47%	-27.39%
Plaza Wires IPO	Oct 12, 2023	71.28	236.26	351.02	318.30	82.04	48.57%	-9.32%	34.72%
Valiant Laboratories IPO	Oct 06, 2023	152.46	608.30	734.52	481.99	-126.31	20.75%	-34.38%	-20.76%
Updater Services IPO	Oct 04, 2023	640.00	2,001.08	1,893.36	2,760.49	759.41	-5.38%	45.80%	37.95%
JSW Infrastructure IPO	Oct 03, 2023	2,800.00	24,990.02	33,033.02	63,934.55	38,944.53	32.18%	93.55%	155.84%
Manoj Vaibhav Gems 'N' Jewellers IPO	Oct 03, 2023	270.20	1,050.22	1,053.40	1,068.78	18.56	0.30%	1.46%	1.77%
Yatra Online IPO	Sep 28, 2023	775.00	2,190.90	2,097.55	1,623.73	-567.16	-4.26%	-22.59%	-25.89%
Signatureglobal India IPO	Sep 27, 2023	730.00	4,982.71	5,932.66	16,800.16	11,817.44	19.06%	183.18%	237.17%
Sai Silks (Kalamandir) IPO	Sep 27, 2023	1,201.00	3,404.73	3,755.17	2,464.75	-939.98	10.29%	-34.36%	-27.61%
Zaggle Prepaid Ocean Services IPO	Sep 22, 2023	563.38	2,002.39	1,932.79	5,849.05	3,846.66	-3.48%	202.62%	192.10%
SAMHI Hotels IPO	Sep 22, 2023	1,370.10	2,747.25	3,129.90	3,990.70	1,243.46	13.93%	27.50%	45.26%
EMS IPO	Sep 21, 2023	321.24	1,171.70	1,553.47	4,130.66	2,958.96	32.58%	165.90%	252.54%
R R Kabel IPO	Sep 20, 2023	1,964.01	10,084.57	11,659.61	14,563.19	4,478.62	15.62%	24.90%	44.41%
Jupiter Life Line Hospitals IPO	Sep 18, 2023	869.08	4,819.10	7,049.99	9,972.26	5,153.16	46.29%	41.45%	106.93%
Rishabh Instruments IPO	Sep 11, 2023	490.78	1,674.10	1,680.74	1,233.55	-440.54	0.40%	-26.61%	-26.32%
Ratnaveer Precision Engineering IPO	Sep 11, 2023	165.03	475.29	651.83	1,262.19	786.90	37.14%	93.64%	165.56%
Vishnu Prakash R Punglia IPO	Sep 05, 2023	308.88	1,233.98	1,818.93	3,324.26	2,090.28	47.40%	82.76%	169.39%
Aeroflex Industries IPO	Aug 31, 2023	351.00	1,396.66	2,109.86	2,321.17	924.51	51.06%	10.02%	66.19%
Pyramid Technoplast IPO	Aug 29, 2023	153.05	610.63	646.49	693.25	82.62	5.87%	7.23%	13.53%
TVS Supply Chain Solutions IPO	Aug 23, 2023	880.00	8,616.98	8,789.75	7,807.33	-809.65	2.01%	-11.18%	-9.40%
Concord Biotech IPO	Aug 18, 2023	1,551.00	7,752.06	9,853.28	21,125.15	13,373.09	27.11%	114.40%	172.51%
SBFC Finance IPO	Aug 16, 2023	1,025.00	6,066.15	9,813.33	8,968.33	2,902.18	61.77%	-8.61%	47.84%
Yatharth Hospital IPO	Aug 07, 2023	686.55	2,575.51	2,575.51	5,254.46	2,678.96	0.00%	104.02%	104.02%
Netweb Technologies India IPO	Jul 27, 2023	631.00	2,752.20	5,011.75	15,387.27	12,635.07	82.10%	207.02%	459.09%
Utkarsh Small Finance Bank IPO	Jul 21, 2023	500.00	2,738.80	5,251.93	3,960.31	1,221.51	91.76%	-24.59%	44.60%
Senco Gold IPO	Jul 14, 2023	405.00	2,461.92	3,144.97	8,674.20	6,212.28	27.74%	175.81%	252.33%
Cyient DLM IPO	Jul 10, 2023	592.00	2,100.95	3,335.75	4,985.99	2,885.04	58.77%	49.47%	137.32%
ideaForge Technology IPO	Jul 07, 2023	567.29	2,800.27	5,398.43	2,366.27	-434.00	92.78%	-56.17%	-15.50%
HMA Agro Industries IPO	Jul 04, 2023	480.00	2,929.50	2,928.25	205.72	-2,723.79	-0.04%	-92.97%	-92.98%
IKIO Lighting IPO	Jun 16, 2023	606.50	2,202.50	3,120.21	1,957.13	-245.37	41.67%	-37.28%	-11.14%
Mankind Pharma IPO	May 09, 2023	4,326.36	43,263.55	57,045.80	1,02,214.15	58,950.59	31.86%	79.18%	136.26%
Avalon Technologies IPO	Apr 18, 2023	865.00	2,846.76	2,595.05	5,594.59	2,747.84	-8.84%	115.59%	96.53%
Udayshivakumar Infra IPO	Apr 03, 2023	66.00	197.75	177.98	272.56	74.81	-10.00%	53.14%	37.83%
Global Surfaces IPO	Mar 23, 2023	154.98	629.05	767.88	786.89	157.85	22.07%	2.48%	25.09%
Divgi TorqTransfer Systems IPO	Mar 14, 2023	412.12	1,804.39	1,850.73	1,971.53	167.14	2.57%	6.53%	9.26%
Sah Polymers IPO	Jan 12, 2023	66.30	167.67	230.23	236.68	69.00	37.31%	2.80%	41.15%
Radiant Cash Management IPO	Jan 04, 2023	256.64	1,003.05	1,117.23	786.54	-216.51	11.38%	-29.60%	-21.59%

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<< Year 2022	2023	Year 2024 > >

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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