Wealth created through IPOs in India Mainboard IPO | SME IPO

Wealth created by 2023 SME 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.

<< Year 2022	2023	Year 2024 > >

2023 SME 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 (%)
Trident Techlabs IPO	Dec 29, 2023	16.03	60.48	178.08	1,706.76	1,646.28	194.43%	858.42%	2,721.86%
Indifra IPO	Dec 29, 2023	14.04	47.39	49.86	21.21	-26.17	5.23%	-57.46%	-55.23%
Supreme Power Equipment IPO	Dec 29, 2023	46.67	162.44	257.16	519.44	357.00	58.31%	101.99%	219.77%
Electro Force India IPO	Dec 27, 2023	80.68	217.62	245.70	140.87	-76.75	12.90%	-42.67%	-35.27%
Shanti Spintex IPO	Dec 27, 2023	31.25	118.22	134.77	104.71	-13.51	14.00%	-22.31%	-11.43%
Sahara Maritime IPO	Dec 26, 2023	6.88	24.87	24.92	15.98	-8.89	0.20%	-35.87%	-35.74%
Benchmark Computer Solutions IPO	Dec 21, 2023	12.24	45.30	52.94	32.95	-12.36	16.85%	-37.76%	-27.27%
Siyaram Recycling IPO	Dec 21, 2023	22.96	86.47	108.56	316.83	230.36	25.54%	191.86%	266.41%
Shree OSFM E-Mobility IPO	Dec 21, 2023	24.60	92.85	97.49	199.48	106.63	5.00%	104.62%	114.85%
S J Logistics IPO	Dec 19, 2023	48.00	181.04	266.13	943.87	762.83	47.00%	254.67%	421.36%
Presstonic Engineering IPO	Dec 18, 2023	23.30	55.49	113.30	71.49	15.99	104.17%	-36.90%	28.82%
Accent Microcell IPO	Dec 15, 2023	78.40	294.60	662.85	501.88	207.27	125.00%	-24.29%	70.36%
Graphisads IPO	Dec 13, 2023	53.41	202.87	193.64	124.28	-78.59	-4.55%	-35.82%	-38.74%
Sheetal Universal IPO	Dec 11, 2023	23.80	80.19	86.38	71.49	-8.71	7.71%	-17.24%	-10.86%
Net Avenue Technologies IPO	Dec 08, 2023	10.25	38.62	85.60	29.50	-9.12	121.67%	-65.54%	-23.61%
Marinetrans India IPO	Dec 08, 2023	10.92	33.09	39.45	25.96	-7.13	19.23%	-34.19%	-21.54%
AMIC Forging IPO	Dec 06, 2023	34.80	132.15	263.63	1,299.62	1,167.46	99.48%	392.98%	883.41%
Deepak Chemtex IPO	Dec 06, 2023	23.04	86.91	173.39	135.88	48.96	99.50%	-21.64%	56.34%
Swashthik Plascon IPO	Dec 05, 2023	40.76	151.05	221.48	126.46	-24.59	46.63%	-42.90%	-16.28%
Rockingdeals Circular Economy IPO	Nov 30, 2023	21.00	79.23	178.26	299.45	220.22	125.00%	67.98%	277.96%
Arrowhead Seperation Engineering IPO	Nov 28, 2023	13.00	43.60	44.44	27.17	-16.43	1.93%	-38.86%	-37.68%
Sunrest Lifescience IPO	Nov 20, 2023	10.85	36.05	34.24	23.17	-12.87	-5.00%	-32.33%	-35.71%
Kalyani Cast Tech IPO	Nov 17, 2023	30.11	99.81	199.12	324.09	224.28	99.50%	62.77%	224.71%
ROX Hi-Tech IPO	Nov 16, 2023	54.49	189.54	323.71	234.19	44.65	70.78%	-27.65%	23.55%
Baba Food Processing IPO	Nov 15, 2023	33.00	124.20	117.99	84.49	-39.71	-5.00%	-28.39%	-31.97%
Micropro Software Solutions IPO	Nov 10, 2023	30.70	115.83	108.68	54.19	-61.63	-6.17%	-50.13%	-53.21%
SAR Televenture IPO	Nov 08, 2023	24.75	82.50	165.38	491.18	408.68	100.45%	197.01%	495.36%
Mish Designs IPO	Nov 07, 2023	9.76	34.16	42.56	44.49	10.33	24.59%	4.54%	30.25%
Maitreya Medicare Limited IPO	Nov 07, 2023	14.89	55.56	104.66	230.55	174.99	88.35%	120.30%	314.94%
KK Shah Hospitals IPO	Nov 06, 2023	8.78	30.64	40.10	30.64	0.00	30.89%	-23.60%	0.00%
Transteel Seating Technologies IPO	Nov 06, 2023	49.98	141.25	188.27	88.28	-52.97	33.29%	-53.11%	-37.50%
Vrundavan Plantation IPO	Nov 06, 2023	15.29	57.59	54.21	25.65	-31.94	-5.88%	-52.68%	-55.46%
Shanthala FMCG Products IPO	Nov 03, 2023	16.07	60.95	69.36	28.80	-32.15	13.79%	-58.47%	-52.75%
Paragon Fine And Speciality Chemicals IPO	Nov 03, 2023	51.66	195.66	418.22	201.24	5.58	113.75%	-51.88%	2.85%
On Door Concepts IPO	Nov 01, 2023	31.18	117.49	114.89	197.73	80.24	-2.21%	72.10%	68.29%
Rajgor Castor Derivatives IPO	Oct 31, 2023	47.81	119.58	146.13	56.44	-63.14	22.20%	-61.37%	-52.80%
WomanCart IPO	Oct 27, 2023	9.56	36.19	51.70	112.73	76.54	42.85%	118.07%	211.51%
Arvind and Company Shipping Agencies IPO	Oct 25, 2023	14.74	54.62	97.16	107.36	52.74	77.89%	10.49%	96.56%
Committed Cargo Care IPO	Oct 18, 2023	24.98	83.23	93.07	55.13	-28.10	11.82%	-40.77%	-33.77%
Plada Infotech Services IPO	Oct 13, 2023	12.36	41.16	48.06	24.61	-16.55	16.77%	-48.80%	-40.21%
Vivaa Tradecom IPO	Oct 12, 2023	7.99	20.08	16.75	16.24	-3.84	-16.59%	-3.03%	-19.12%
Karnika Industries IPO	Oct 12, 2023	25.07	94.24	102.42	352.15	257.91	8.68%	243.83%	273.68%
Sharp Chucks And Machines IPO	Oct 12, 2023	16.84	62.41	69.99	139.66	77.26	12.16%	99.54%	123.79%
Canarys Automations IPO	Oct 11, 2023	47.03	174.17	232.04	196.08	21.91	33.23%	-15.50%	12.58%
Sunita Tools IPO	Oct 11, 2023	22.04	81.56	82.83	320.71	239.15	1.55%	287.20%	293.21%
Goyal Salt IPO	Oct 11, 2023	18.63	68.02	243.62	365.17	297.14	258.16%	49.89%	436.84%
Oneclick Logistics India IPO	Oct 11, 2023	9.91	35.68	47.93	36.31	0.63	34.34%	-24.25%	1.77%
Vishnusurya Projects and Infra IPO	Oct 10, 2023	49.98	167.35	188.63	644.77	477.43	12.72%	241.81%	285.29%
City Crops Agro IPO	Oct 10, 2023	15.00	40.79	41.48	43.40	2.61	1.68%	4.64%	6.40%
Kontor Space IPO	Oct 10, 2023	15.62	57.47	71.63	77.71	20.24	24.62%	8.50%	35.22%
E Factor Experiences IPO	Oct 09, 2023	25.92	98.16	158.04	350.70	252.53	61.00%	121.90%	257.27%
Arabian Petroleum IPO	Oct 09, 2023	20.24	76.24	83.05	99.06	22.82	8.93%	19.28%	29.93%
Vinyas Innovative Technologies IPO	Oct 06, 2023	54.66	207.65	436.06	961.98	754.33	110.00%	120.61%	363.27%
Organic Recycling Systems IPO	Oct 06, 2023	50.00	153.99	173.81	217.20	63.21	12.88%	24.96%	41.05%
Inspire Films IPO	Oct 05, 2023	21.23	80.29	92.34	34.91	-45.39	15.00%	-62.20%	-56.53%
Newjaisa Technologies IPO	Oct 05, 2023	39.93	151.26	227.86	270.34	119.08	50.64%	18.64%	78.72%
Mangalam Alloys IPO	Oct 04, 2023	54.91	197.49	187.61	91.34	-106.15	-5.00%	-51.32%	-53.75%
Digikore Studios IPO	Oct 04, 2023	30.48	108.29	179.53	173.04	64.75	65.79%	-3.62%	59.80%
Saakshi Medtech and Panels IPO	Oct 03, 2023	45.16	171.26	270.67	324.78	153.52	58.04%	19.99%	89.64%
Master Components IPO	Sep 29, 2023	15.43	56.00	56.08	111.76	55.76	0.14%	99.29%	99.57%
Cellecor Gadgets IPO	Sep 28, 2023	50.77	192.90	202.55	119.73	-73.18	5.00%	-40.89%	-37.93%
Hi-Green Carbon IPO	Sep 28, 2023	52.80	187.43	202.04	659.11	471.69	7.80%	226.22%	251.67%
Marco Cables & Conductors IPO	Sep 28, 2023	18.73	67.32	75.92	125.66	58.34	12.78%	65.52%	86.67%
Techknowgreen Solutions IPO	Sep 27, 2023	16.72	63.49	67.44	187.82	124.33	6.22%	178.49%	195.81%
Kody Technolab IPO	Sep 27, 2023	27.52	101.98	113.77	1,876.92	1,774.94	11.56%	1,549.72%	1,740.47%
Madhusudan Masala IPO	Sep 26, 2023	23.80	90.30	147.06	251.55	161.25	62.86%	71.05%	178.57%
Kundan Edifice IPO	Sep 26, 2023	25.22	93.48	80.89	155.11	61.63	-13.46%	91.75%	65.93%
Chavda Infra IPO	Sep 25, 2023	43.26	160.26	213.15	347.03	186.77	33.00%	62.81%	116.54%
Holmarc Opto-Mechatronics IPO	Sep 25, 2023	11.40	40.20	68.84	165.98	125.78	71.25%	141.09%	312.88%
Meson Valves India IPO	Sep 21, 2023	31.09	103.63	206.71	524.67	421.03	99.46%	153.82%	406.27%
Unihealth Consultancy IPO	Sep 21, 2023	56.55	203.28	204.82	226.30	23.02	0.76%	10.49%	11.33%
Jiwanram Sheoduttrai Industries IPO	Sep 18, 2023	17.07	56.92	70.53	37.74	-19.18	23.91%	-46.49%	-33.70%
Kahan Packaging IPO	Sep 15, 2023	5.76	21.76	43.41	19.86	-1.90	99.50%	-54.26%	-8.75%
Saroja Pharma Industries IPO	Sep 13, 2023	9.11	33.77	27.44	23.30	-10.47	-18.75%	-15.09%	-31.01%
Pramara Promotions IPO	Sep 13, 2023	15.27	56.92	105.30	124.95	68.03	85.00%	18.66%	119.52%
Basilic Fly Studio IPO	Sep 11, 2023	66.35	225.43	661.29	671.98	446.56	193.35%	1.62%	198.09%
Mono Pharmacare IPO	Sep 07, 2023	14.84	49.47	53.80	61.57	12.10	8.75%	14.45%	24.46%
C P S Shapers IPO	Sep 07, 2023	11.10	38.85	99.22	91.35	52.50	155.41%	-7.94%	135.14%
Sahaj Fashions IPO	Sep 06, 2023	13.96	39.50	39.97	18.63	-20.87	1.17%	-53.38%	-52.83%
Sungarner Energies IPO	Aug 31, 2023	5.31	19.25	60.83	115.20	95.95	216.08%	89.37%	498.55%
Crop Life Science IPO	Aug 30, 2023	26.73	89.13	91.10	78.59	-10.54	2.21%	-13.73%	-11.83%
Bondada Engineering IPO	Aug 30, 2023	42.72	162.02	323.21	1,294.83	1,132.81	99.49%	300.61%	699.20%
Shoora Designs IPO	Aug 29, 2023	2.03	7.19	14.35	12.67	5.48	99.50%	-11.71%	76.15%
Shelter Pharma IPO	Aug 23, 2023	16.03	48.55	48.50	61.36	12.81	-0.10%	26.50%	26.38%
Srivari Spices and Foods IPO	Aug 18, 2023	9.00	30.00	76.10	155.66	125.66	153.69%	104.55%	418.93%
Sangani Hospitals IPO	Aug 17, 2023	15.17	55.11	57.66	99.54	44.43	4.63%	72.64%	80.62%
Yudiz Solutions IPO	Aug 17, 2023	44.84	170.27	187.19	79.30	-90.97	9.94%	-57.64%	-53.42%
Oriana Power IPO	Aug 11, 2023	59.66	226.35	608.28	4,355.60	4,129.25	168.73%	616.05%	1,824.24%
Vinsys IT Services IPO	Aug 11, 2023	49.84	187.88	319.39	520.70	332.82	70.00%	63.03%	177.15%
Zeal Global Services IPO	Aug 09, 2023	36.46	137.09	226.47	268.06	130.97	65.19%	18.37%	95.53%
Khazanchi Jewellers IPO	Aug 07, 2023	97.00	346.46	369.72	1,517.60	1,171.15	6.71%	310.48%	338.04%
Shri Techtex IPO	Aug 04, 2023	45.14	152.20	212.57	145.08	-7.11	39.67%	-31.75%	-4.67%
Innovatus Entertainment Networks IPO	Aug 04, 2023	7.74	19.79	18.41	11.22	-8.57	-6.96%	-39.04%	-43.28%
Yasons Chemex Care IPO	Aug 03, 2023	20.57	77.22	64.86	39.48	-37.74	-16.00%	-39.14%	-48.88%
Asarfi Hospital IPO	Jul 26, 2023	26.94	102.32	204.13	165.86	63.54	99.50%	-18.75%	62.10%
Service Care IPO	Jul 26, 2023	20.68	77.04	77.67	94.17	17.13	0.82%	21.24%	22.24%
Drone Destination IPO	Jul 21, 2023	44.20	157.95	248.10	442.62	284.67	57.08%	78.40%	180.23%
Ahasolar Technologies IPO	Jul 21, 2023	12.85	48.39	65.70	69.47	21.08	35.76%	5.75%	43.57%
AccelerateBS India IPO	Jul 19, 2023	5.69	19.34	24.70	36.63	17.29	27.74%	48.26%	89.39%
Kaka Industries IPO	Jul 19, 2023	21.23	79.23	158.06	362.60	283.38	99.50%	129.41%	357.67%
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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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