MarketFriction

IPO study

How Indian IPOs did after listing, grouped by year, demand and size. Returns are from the issue price using the exchanges' daily closes (split and bonus adjusted); 1 year vs Nifty subtracts the Nifty 50 move over the same days. Past patterns, not advice.
GroupIPOsDay 1 avgDay 1 medianUp day 11 year avg1 year vs NiftyAbove issue now
202688+15.2%+8.5%70%--70%
2025102+9.6%+5.1%67%+15.2%+16.8%48%
202489+30.3%+21.0%79%+27.3%+22.5%54%
202355+28.3%+20.8%85%+80.8%+57.1%64%
202238+9.4%+5.8%61%+54.8%+43.9%58%
202154+25.9%+16.8%67%+23.9%+14.8%63%
20209+53.1%+72.0%67%+219.1%+170.9%78%
201913+12.9%+4.2%62%+21.6%+25.3%85%
201819+8.7%+2.5%63%+17.2%+10.3%79%
201729+22.0%+3.4%76%+32.7%+24.5%59%
201623+14.3%+15.0%74%+60.9%+43.6%91%
201519+9.5%+3.1%63%+22.5%+52.0%37%
20145+26.5%+26.2%80%+70.5%-40%
20133+2.1%-3.2%33%+94.1%-100%
20126+3.7%+6.4%50%+3.8%-67%
201110-20.7%-12.9%30%+25.1%-10%
GroupIPOsDay 1 avgDay 1 medianUp day 11 year avg1 year vs NiftyAbove issue now
2026139+15.3%+4.9%63%--51%
2025117+15.1%+6.5%67%+50.3%+50.7%51%
2024176+65.8%+42.5%88%+63.6%+59.5%43%
2023116+42.8%+22.5%87%+202.0%+177.0%54%
202249+41.9%+28.1%88%+137.2%+120.5%63%
202121+23.4%+2.0%62%+190.6%+183.9%76%
20203+2.4%+3.2%67%+689.8%+609.1%100%
20199+3.1%+0.4%78%+531.5%+463.5%89%
201854+5.6%+2.4%78%+21.0%-8.9%57%
201756+7.5%+5.2%73%+10.4%-10.8%57%
201616+9.4%+6.9%81%+130.4%+60.4%69%
20155+3.3%+2.2%100%-30.3%-82.7%20%
20142-1.0%+2.2%50%+82.7%-50%
20132-8.9%-1.5%0%+3.3%-50%
20121+0.9%+0.9%100%+39.0%-100%
Subscription history is still being collected.
GroupIPOsDay 1 avgDay 1 medianUp day 11 year avg1 year vs NiftyAbove issue now
Under Rs 50 Cr592+31.4%+10.2%78%+111.7%+93.5%52%
Rs 50-250 Cr267+25.2%+12.5%72%+58.4%+57.1%53%
Rs 250-1,000 Cr275+19.2%+9.6%69%+41.8%+31.4%60%
Rs 1,000-5,000 Cr159+18.2%+11.1%70%+45.0%+38.3%71%
Rs 5,000 Cr and more35+17.4%+10.1%77%+0.6%-8.0%49%
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03