---
title: "IPO Listing Gains in 2019"
canonical: "https://tapetide.com/insight/reports/ipo-listing-gains/2019"
last_updated: "2026-10-25"
generated_at: "2026-10-25T12:23:43.700Z"
---

# IPO Listing Gains in 2019

Listing-day gains of every mainboard and SME IPO listed in India in 2019: issue and listing price, average and median gain, by month. Not investment advice.

Final for 2019: every IPO that listed in the year. Prices as of 25 Oct 2026.

65 IPOs listed on NSE and BSE in 2019: 17 mainboard and 48 SME. Across them, the average listing-day gain was +5.07% (median +1.39%), and 41 of the 65 IPOs with a listing price (63.1%) listed above their issue price.

Past listing-day performance says nothing about how a future IPO will list or trade. This is historical data, not investment advice and not a recommendation to apply for, buy or sell any security. Tapetide is not a SEBI-registered research analyst or investment adviser.

Canonical page: https://tapetide.com/insight/reports/ipo-listing-gains/2019

- **IPOs listed:** 65
- **Mainboard:** 17
- **SME:** 48
- **Average listing gain %:** 5.07
- **Median listing gain %:** 1.39
- **Listed above issue price:** 41
- **Listed at issue price:** 11
- **Listed below issue price:** 13
- **Share above issue price %:** 63.1
- **Total issue size (₹ Cr):** 2317.86
- **Year complete:** yes

Methodology:

- Covers every IPO whose shares were listed on NSE or BSE between 1 Jan 2019 and 31 Dec 2019, mainboard and SME, one row per issue. An issue listed on both exchanges counts once.
- Listing-day gain is the listing price (the price at which the shares opened on their first trading day) over the final issue price. The current price is the latest close; the return since issue is adjusted for any split or bonus after listing.
- Averages, medians and the share above issue price cover issues with a recorded listing price; an issue without one is counted in the listings total but not in the averages.
- Mainboard and SME are the two exchange segments; together they make up the total. An issue withdrawn before listing (no shares allotted or traded) is not counted, even if a listing date had been announced.
- Issue size is the total offer in ₹ crore as disclosed. Subscription is the overall times subscribed at the close of bidding.

### Mainboard vs SME

Mainboard: 17 listings, average +14.58%, median +3.93%, 58.8% above issue price. SME: 48 listings, average +1.70%, median +1.22%, 64.6% above issue price.

| Segment | Listed | Average Gain % | Median Gain % | Above Issue | At Issue | Below Issue | Above Issue % | Total Issue Size (₹ Cr) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Mainboard | 17 | 14.58 | 3.93 | 10 | 2 | 5 | 58.8 | 2293.6 |
| SME | 48 | 1.7 | 1.22 | 31 | 9 | 8 | 64.6 | 24.26 |
| All IPOs | 65 | 5.07 | 1.39 | 41 | 11 | 13 | 63.1 | 2317.86 |

### By month

| Month | Listed | Average Gain % | Median Gain % | Above Issue |
| --- | --- | --- | --- | --- |
| Jan 2019 | 2 | 1.34 | 1.34 | 2 |
| Feb 2019 | 8 | 1.75 | 1.97 | 5 |
| Mar 2019 | 5 | -3.53 | -0.15 | 0 |
| Apr 2019 | 10 | 3.38 | 1.32 | 7 |
| May 2019 | 7 | 6.85 | 3.73 | 7 |
| Jun 2019 | 2 | -4.89 | -4.89 | 0 |
| Jul 2019 | 8 | 2.35 | 0 | 3 |
| Aug 2019 | 4 | 3.83 | 0.38 | 2 |
| Sep 2019 | 4 | 0.18 | 0 | 1 |
| Oct 2019 | 8 | 16 | 3.02 | 8 |
| Nov 2019 | 2 | 2.92 | 2.92 | 2 |
| Dec 2019 | 5 | 17.92 | 1.11 | 4 |

### Highest listing-day gains

| IPO | Segment | Listed | Issue Price (₹) | Listing Price (₹) | Listing Gain % | Subscription (x) | Issue Size (₹ Cr) | Current Price (₹) | Return Since Issue % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [IRCTC](https://tapetide.com/ipo/gmp/irctc-ipo/1) | Mainboard | 2019-10-14 | 320 | 644 | 101.25 | — | 637.97 | — | — |
| [Ujjivan Bank](https://tapetide.com/ipo/gmp/ujjivan-bank-ipo/5) | Mainboard | 2019-12-12 | 37 | 58 | 56.76 | — | 745.95 | 58.1 | 57.03 |
| [CSB Bank](https://tapetide.com/ipo/gmp/csb-bank-ipo/2) | Mainboard | 2019-12-04 | 195 | 275 | 41.03 | — | 409.68 | 311.8 | 59.9 |
| Affle India | Mainboard | 2019-08-08 | 745 | 929.9 | 24.82 | — | — | — | — |
| [Indiamart Intermesh](https://tapetide.com/ipo/company/indiamart-intermesh-ltd) | Mainboard | 2019-07-04 | 973 | 1180 | 21.27 | — | — | 1572.8 | 223.29 |

### Lowest listing-day gains

| IPO | Segment | Listed | Issue Price (₹) | Listing Price (₹) | Listing Gain % | Subscription (x) | Issue Size (₹ Cr) | Current Price (₹) | Return Since Issue % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [Xelpmoc Design and Tech](https://tapetide.com/ipo/company/xelpmoc-design-and-tech-ltd) | Mainboard | 2019-02-04 | 66 | 56 | -15.15 | — | — | 78 | 18.18 |
| [Sterling & Wilson Renewable Energy](https://tapetide.com/ipo/company/sterling-wilson-solar-ltd) | Mainboard | 2019-08-20 | 780 | 700 | -10.26 | — | — | 142.13 | -81.78 |
| [Prince Pipes](https://tapetide.com/ipo/gmp/prince-pipes-ipo/9) | Mainboard | 2019-12-30 | 178 | 160 | -10.11 | — | 500 | 251 | 41.01 |
| Gleam Fabmat | SME | 2019-03-05 | 10 | 9 | -10 | — | — | — | — |
| Suich Industries | SME | 2019-06-13 | 75 | 68.5 | -8.67 | — | — | — | — |

### Every IPO listed in 2019

| IPO | Segment | Listed | Issue Price (₹) | Listing Price (₹) | Listing Gain % | Subscription (x) | Issue Size (₹ Cr) | Current Price (₹) | Return Since Issue % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [Prince Pipes](https://tapetide.com/ipo/gmp/prince-pipes-ipo/9) | Mainboard | 2019-12-30 | 178 | 160 | -10.11 | — | 500 | 251 | 41.01 |
| [DC Infotech SME](https://tapetide.com/ipo/gmp/dc-infotech-ipo/8) | SME | 2019-12-27 | 45 | 45.5 | 1.11 | — | 10.8 | 334.15 | 1385.11 |
| [Ujjivan Bank](https://tapetide.com/ipo/gmp/ujjivan-bank-ipo/5) | Mainboard | 2019-12-12 | 37 | 58 | 56.76 | — | 745.95 | 58.1 | 57.03 |
| [Ascom Leasing & Investments SME](https://tapetide.com/ipo/gmp/ascom-leasing-ipo/6) | SME | 2019-12-06 | 30 | 30.25 | 0.83 | — | 6.32 | 187.45 | 837.25 |
| [CSB Bank](https://tapetide.com/ipo/gmp/csb-bank-ipo/2) | Mainboard | 2019-12-04 | 195 | 275 | 41.03 | — | 409.68 | 311.8 | 59.9 |
| Mangalam Global Enterprise | SME | 2019-11-27 | 51 | 53 | 3.92 | — | — | — | — |
| [Anuroop Packaging SME](https://tapetide.com/ipo/gmp/anuroop-ipo/2101) | SME | 2019-11-21 | 13 | 13.25 | 1.92 | — | 2.64 | 7.99 | -38.54 |
| [Gensol Engineering](https://tapetide.com/ipo/company/gensol-engineering-ltd) | SME | 2019-10-15 | 83 | 85.4 | 2.89 | — | — | 10.71 | -48.29 |
| Goblin India | SME | 2019-10-15 | 52 | 55 | 5.77 | — | — | 11.21 | -78.44 |
| [Sona Hi Sona Jewellers SME](https://tapetide.com/ipo/gmp/sona-hi-sona-ipo/2113) | SME | 2019-10-15 | 10 | 11.15 | 11.5 | — | 4.5 | 104 | 940 |
| Vishwaraj Sugar Industries | Mainboard | 2019-10-15 | 60 | 61.2 | 2 | — | — | — | — |
| [IRCTC](https://tapetide.com/ipo/gmp/irctc-ipo/1) | Mainboard | 2019-10-14 | 320 | 644 | 101.25 | — | 637.97 | — | — |
| Galactico Corporate Services | SME | 2019-10-09 | 23 | 23.2 | 0.87 | — | — | — | — |
| Misquita Engineering | SME | 2019-10-04 | 27 | 27.85 | 3.15 | — | — | 62 | 129.63 |
| [Shiv Aum Steels](https://tapetide.com/ipo/company/shiv-aum-steels-ltd) | SME | 2019-10-01 | 44 | 44.25 | 0.57 | — | — | 540 | 1127.27 |
| Novateor Research Laboratories | SME | 2019-09-13 | 24 | 24 | 0 | — | — | 38 | 58.33 |
| Salasar Exteriors & Contour | SME | 2019-09-12 | 36 | 36 | 0 | — | — | — | — |
| Alphalogic Techsys | SME | 2019-09-05 | 84 | 83 | -1.19 | — | — | — | — |
| Transpact Enterprises | SME | 2019-09-05 | 130 | 132.5 | 1.92 | — | — | 99.16 | -23.72 |
| [Sterling & Wilson Renewable Energy](https://tapetide.com/ipo/company/sterling-wilson-solar-ltd) | Mainboard | 2019-08-20 | 780 | 700 | -10.26 | — | — | 142.13 | -81.78 |
| [Spandana Sphoorty Financial](https://tapetide.com/ipo/company/spandana-sphoorty-financial-ltd) | Mainboard | 2019-08-19 | 856 | 824 | -3.74 | — | — | 178.18 | -79.18 |
| Affle India | Mainboard | 2019-08-08 | 745 | 929.9 | 24.82 | — | — | — | — |
| [Wonder Fibromats](https://tapetide.com/ipo/company/wonder-electricals-ltd) | SME | 2019-08-06 | 89 | 93 | 4.49 | — | — | — | — |
| S K International Export | SME | 2019-07-15 | 20 | 19.2 | -4 | — | — | — | — |
| [A B Infrabuild](https://tapetide.com/ipo/company/ab-infrabuild-ltd) | SME | 2019-07-12 | 29 | 29 | 0 | — | — | — | — |
| City Pulse Multiventures | SME | 2019-07-11 | 30 | 28.5 | -5 | — | — | 107.97 | 259.9 |
| Earum Pharmaceuticals | SME | 2019-07-04 | 36 | 36 | 0 | — | — | — | — |
| [Indiamart Intermesh](https://tapetide.com/ipo/company/indiamart-intermesh-ltd) | Mainboard | 2019-07-04 | 973 | 1180 | 21.27 | — | — | 1572.8 | 223.29 |
| SBC Exports | SME | 2019-07-04 | 22 | 22 | 0 | — | — | — | — |
| Anand Rayons | SME | 2019-07-02 | 27 | 28.25 | 4.63 | — | — | 30.96 | 14.67 |
| Parshva Enterprises | SME | 2019-07-01 | 45 | 45.85 | 1.89 | — | — | 210.05 | 1323.67 |
| Meera Industries | SME | 2019-06-26 | 225 | 222.5 | -1.11 | — | — | — | — |
| Suich Industries | SME | 2019-06-13 | 75 | 68.5 | -8.67 | — | — | — | — |
| Cian Healthcare | SME | 2019-05-23 | 61 | 62 | 1.64 | — | — | — | — |
| [Par Drugs & Chemicals](https://tapetide.com/ipo/company/par-drugs-chemical-ltd) | SME | 2019-05-16 | 51 | 52.9 | 3.73 | — | — | 103.43 | 305.61 |
| Artemis Electricals | SME | 2019-05-14 | 60 | 70 | 16.67 | — | — | — | — |
| Evans Electric | SME | 2019-05-13 | 52 | 52.2 | 0.38 | — | — | 76.99 | 492.23 |
| White Organic Retail | SME | 2019-05-10 | 63 | 64.2 | 1.9 | — | — | — | — |
| G K P Printing & Packaging | SME | 2019-05-08 | 32 | 34.2 | 6.88 | — | — | 6.2 | -41.87 |
| [Neogen Chemicals](https://tapetide.com/ipo/company/neogen-chemicals-ltd) | Mainboard | 2019-05-08 | 215 | 251 | 16.74 | — | — | 2173.7 | 911.02 |
| V R Films & Studios | SME | 2019-04-30 | 61 | 62 | 1.64 | — | — | 11.5 | 50.82 |
| Jinaam"s Dress" | SME | 2019-04-25 | 59 | 59 | 0 | — | — | — | — |
| [Polycab India](https://tapetide.com/ipo/company/polycab-india-ltd) | Mainboard | 2019-04-16 | 538 | 633 | 17.66 | — | — | 7440 | 1282.9 |
| [Metropolis Healthcare](https://tapetide.com/ipo/company/metropolis-healthcare-ltd) | Mainboard | 2019-04-15 | 880 | 960 | 9.09 | — | — | 522.95 | 137.7 |
| [KHFM Hospitality & Facility Mgt. Services](https://tapetide.com/ipo/company/khfm-hospitality-ltd) | SME | 2019-04-12 | 36 | 36.5 | 1.39 | — | — | 34.2 | -1.83 |
| [Rail Vikas Nigam](https://tapetide.com/ipo/company/rail-vikas-nigam-ltd) | Mainboard | 2019-04-11 | 19 | 19 | 0 | — | — | 181.31 | 854.26 |
| [Osia Hyper Retail](https://tapetide.com/ipo/company/osia-hyper-retail-ltd) | SME | 2019-04-05 | 252 | 255 | 1.19 | — | — | — | — |
| Northern Spirits | SME | 2019-04-04 | 43 | 43.7 | 1.63 | — | — | 109.8 | 155.35 |
| [Embassy Office Parks REIT](https://tapetide.com/ipo/company/embassy-office-parks-reit-ltd) | Mainboard | 2019-04-01 | 300 | 300 | 0 | — | — | — | — |
| Roopshri Resorts | SME | 2019-04-01 | 20 | 20.25 | 1.25 | — | — | — | — |
| [MSTC](https://tapetide.com/ipo/company/mstc-ltd) | Mainboard | 2019-03-29 | 120 | 111 | -7.5 | — | — | 573.2 | 377.67 |
| Humming Bird Education | SME | 2019-03-28 | 132 | 132 | 0 | — | — | — | — |
| Aartech Solonics | SME | 2019-03-27 | 34 | 33.95 | -0.15 | — | — | — | — |
| Mahip Industries | SME | 2019-03-12 | 32 | 32 | 0 | — | — | 16.02 | -49.94 |
| Gleam Fabmat | SME | 2019-03-05 | 10 | 9 | -10 | — | — | — | — |
| Kranti Industries | SME | 2019-02-28 | 37 | 35.25 | -4.73 | — | — | 48.4 | 56.97 |
| [Mindpool Technologies](https://tapetide.com/ipo/company/mindpool-technologies-ltd) | SME | 2019-02-28 | 30 | 30 | 0 | — | — | — | — |
| Jonjua Overseas | SME | 2019-02-25 | 10 | 12 | 20 | — | — | 2.79 | -44.85 |
| [Anmol India](https://tapetide.com/ipo/company/anmol-india-ltd) | SME | 2019-02-21 | 33 | 33.6 | 1.82 | — | — | 11.17 | 69.24 |
| [Chalet Hotels](https://tapetide.com/ipo/company/chalet-hotels-ltd) | Mainboard | 2019-02-07 | 280 | 291 | 3.93 | — | — | 789.4 | 181.93 |
| [Ritco Logistics](https://tapetide.com/ipo/company/ritco-logistics-ltd) | SME | 2019-02-07 | 73 | 77.4 | 6.03 | — | — | 257.8 | 253.15 |
| [Surani Steel Tubes](https://tapetide.com/ipo/company/surani-steel-tubes-ltd) | SME | 2019-02-06 | 52 | 53.1 | 2.12 | — | — | 120 | 130.77 |
| [Xelpmoc Design and Tech](https://tapetide.com/ipo/company/xelpmoc-design-and-tech-ltd) | Mainboard | 2019-02-04 | 66 | 56 | -15.15 | — | — | 78 | 18.18 |
| K P I Global Infrastructure | SME | 2019-01-22 | 80 | 80.8 | 1 | — | — | — | — |
| [Axita Cotton](https://tapetide.com/ipo/company/axita-cotton-ltd) | SME | 2019-01-10 | 60 | 61 | 1.67 | — | — | — | — |

---

Compiled by Tapetide from exchange and regulator disclosures (NSE, BSE, SEBI) unless a section states otherwise — any figure marked unofficial or indicative is not an official disclosure. For research and information only, not investment advice. Generated 2026-10-25T12:23:43.700Z.