IPO listing statistics
How IPOs on NSE and BSE have listed against their issue price. Gains are measured at the listing-day opening price.
- IPOs listed
- 108
- Mainboard, 2025
- Opened above issue price
- 69%
- 19% below, 12% at the issue price
- Average gain
- +9.0%
- pulled up by a few large gains
- Median gain
- +4.8%
- the typical IPO
In 2025, 108 Mainboard IPOs listed. 69% opened above their issue price and the median opening gain was +4.8%. Past listings do not predict future ones.
Top 5 gainers
Mainboard, 2025 · opening gain against issue price
- 1Highway Infrastructure+64.3%12 Aug · ₹70 → ₹115
- 2Urban Company+57.5%17 Sep · ₹103 → ₹162.25
- 3Aditya Infotech+50.4%5 Aug · ₹675 → ₹1,015
- 4LG Electronics India+50.0%14 Oct · ₹1,140 → ₹1,710.1
- 5GNG Electronics+49.8%30 Jul · ₹237 → ₹355
Top 5 losers
Mainboard, 2025 · opening gain against issue price
- 1Om Freight Forwarders−39.6%8 Oct · ₹135 → ₹81.5
- 2Glottis−34.9%7 Oct · ₹129 → ₹84
- 3BMW Ventures−21.2%1 Oct · ₹99 → ₹78
- 4Laxmi India Finance−13.0%5 Aug · ₹158 → ₹137.52
- 5Brigade Hotel Ventures−9.9%31 Jul · ₹90 → ₹81.1
Median opening gain by month
Faded bars have fewer than 5 IPOs
| Month | IPOs | Median opening gain |
|---|---|---|
| Jan 2025 | 7 | +22.9% |
| Feb 2025 | 4 | +0.6% |
| Mar 2025 | 0 | No IPOs |
| Apr 2025 | 0 | No IPOs |
| May 2025 | 3 | +11.1% |
| Jun 2025 | 6 | −3.2% |
| Jul 2025 | 13 | +12.8% |
| Aug 2025 | 18 | +5.8% |
| Sep 2025 | 17 | +4.3% |
| Oct 2025 | 18 | +2.9% |
| Nov 2025 | 12 | +6.1% |
| Dec 2025 | 10 | +5.9% |
How gains were spread
108 IPOs, Mainboard, 2025
| Opening gain | IPOs |
|---|---|
| Below −10% | 4 |
| −10% to 0 | 17 |
| 0 to 10% | 44 |
| 10% to 25% | 26 |
| 25% to 50% | 13 |
| 50% or more | 4 |
By year
Mainboard. A year with fewer than 5 IPOs shows only the count.
How to read this
Gain = (listing-day opening price − issue price) ÷ issue price. It is not what any investor earned: it ignores when they sold, charges and tax. Where no final issue price is stored, the upper end of the price band is used. This page describes the past and gives no advice.
See also the GMP track record, the IPO calendar and the list of past IPOs.