---
title: "IPO Listing Gains in 2020"
canonical: "https://tapetide.com/insight/reports/ipo-listing-gains/2020"
last_updated: "2026-10-25"
generated_at: "2026-10-25T12:30:23.542Z"
---

# IPO Listing Gains in 2020

Listing-day gains of every mainboard and SME IPO listed in India in 2020: issue and listing price, average and median gain, by month. Not investment advice.

Final for 2020: every IPO that listed in the year. Prices as of 25 Oct 2026.

47 IPOs listed on NSE and BSE in 2020: 16 mainboard and 31 SME. Across them, the average listing-day gain was +13.73% (median +1.40%), and 30 of the 47 IPOs with a listing price (63.8%) 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/2020

- **IPOs listed:** 47
- **Mainboard:** 16
- **SME:** 31
- **Average listing gain %:** 13.73
- **Median listing gain %:** 1.4
- **Listed above issue price:** 30
- **Listed at issue price:** 9
- **Listed below issue price:** 8
- **Share above issue price %:** 63.8
- **Total issue size (₹ Cr):** 46012.2
- **Year complete:** yes

Methodology:

- Covers every IPO whose shares were listed on NSE or BSE between 1 Jan 2020 and 31 Dec 2020, 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 An issue withdrawn before listing (no shares allotted or traded) is not counted, even if a listing date had been announced.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: 16 listings, average +38.72%, median +18.41%, 75.0% above issue price. SME: 31 listings, average +0.83%, median +0.63%, 58.1% above issue price.

| Segment | Listed | Average Gain % | Median Gain % | Above Issue | At Issue | Below Issue | Above Issue % | Total Issue Size (₹ Cr) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Mainboard | 16 | 38.72 | 18.41 | 12 | 0 | 4 | 75 | 45812.64 |
| SME | 31 | 0.83 | 0.63 | 18 | 9 | 4 | 58.1 | 199.56 |
| All IPOs | 47 | 13.73 | 1.4 | 30 | 9 | 8 | 63.8 | 46012.2 |

### By month

| Month | Listed | Average Gain % | Median Gain % | Above Issue |
| --- | --- | --- | --- | --- |
| Jan 2020 | 4 | 0.79 | 0.7 | 3 |
| Feb 2020 | 5 | 3.55 | 1.4 | 4 |
| Mar 2020 | 4 | -3.21 | 0 | 0 |
| Apr 2020 | 3 | 1.72 | 2.16 | 2 |
| Jun 2020 | 1 | -0.27 | -0.27 | 0 |
| Jul 2020 | 4 | 9.27 | 2.23 | 3 |
| Aug 2020 | 3 | 4.52 | 3 | 2 |
| Sep 2020 | 3 | 71.87 | 102.29 | 3 |
| Oct 2020 | 14 | 13.61 | 1.43 | 8 |
| Nov 2020 | 3 | 2.86 | 1.25 | 2 |
| Dec 2020 | 3 | 55.57 | 73.96 | 3 |

### Highest listing-day gains

| IPO | Segment | Listed | Issue Price (₹) | Listing Price (₹) | Listing Gain % | Subscription (x) | Issue Size (₹ Cr) | Current Price (₹) | Return Since Issue % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [Chemcon](https://tapetide.com/ipo/gmp/chemcon-ipo/30) | Mainboard | 2020-10-01 | 340 | 730.95 | 114.99 | — | 318 | 197.61 | -41.88 |
| [Happiest Minds](https://tapetide.com/ipo/gmp/happiest-minds-ipo/25) | Mainboard | 2020-09-17 | 166 | 351 | 111.45 | — | 702.02 | 301.15 | 81.42 |
| [Route Mobile](https://tapetide.com/ipo/gmp/route-mobile-ipo/28) | Mainboard | 2020-09-21 | 350 | 708 | 102.29 | — | 600 | 416 | 18.86 |
| [Burger King](https://tapetide.com/ipo/gmp/burger-king-ipo/49) | Mainboard | 2020-12-14 | 60 | 115.35 | 92.25 | — | 810 | 88.25 | 47.08 |
| [Mrs. Bectors Food](https://tapetide.com/ipo/gmp/mrs-bectors-food-ipo/53) | Mainboard | 2020-12-24 | 288 | 501 | 73.96 | — | 540.54 | — | — |

### Lowest listing-day gains

| IPO | Segment | Listed | Issue Price (₹) | Listing Price (₹) | Listing Gain % | Subscription (x) | Issue Size (₹ Cr) | Current Price (₹) | Return Since Issue % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [Bonlon Industries SME](https://tapetide.com/ipo/gmp/bonlon-industries-ipo/2109) | SME | 2020-07-13 | 28 | 21 | -25 | — | 10.52 | 37.48 | 33.86 |
| [SBI Cards](https://tapetide.com/ipo/gmp/sbi-cards-ipo/7) | Mainboard | 2020-03-16 | 755 | 658 | -12.85 | — | 10340.79 | 545.55 | -27.74 |
| [UTI AMC](https://tapetide.com/ipo/gmp/uti-amc-ipo/20) | Mainboard | 2020-10-12 | 554 | 490.25 | -11.51 | — | 2159.88 | 817.05 | 47.48 |
| [Angel Broking](https://tapetide.com/ipo/gmp/angel-broking-ipo/26) | Mainboard | 2020-10-05 | 306 | 275 | -10.13 | — | 600 | — | — |
| [Equitas SFB](https://tapetide.com/ipo/gmp/equitas-small-finance-bank-ipo/10) | Mainboard | 2020-11-02 | 33 | 31 | -6.06 | — | 517.6 | 65.78 | 99.33 |

### Every IPO listed in 2020

| IPO | Segment | Listed | Issue Price (₹) | Listing Price (₹) | Listing Gain % | Subscription (x) | Issue Size (₹ Cr) | Current Price (₹) | Return Since Issue % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [Mrs. Bectors Food](https://tapetide.com/ipo/gmp/mrs-bectors-food-ipo/53) | Mainboard | 2020-12-24 | 288 | 501 | 73.96 | — | 540.54 | — | — |
| [Burger King](https://tapetide.com/ipo/gmp/burger-king-ipo/49) | Mainboard | 2020-12-14 | 60 | 115.35 | 92.25 | — | 810 | 88.25 | 47.08 |
| [Net Pix Shorts SME](https://tapetide.com/ipo/gmp/net-pix-shorts-ipo/48) | SME | 2020-12-02 | 30 | 30.15 | 0.5 | — | 2.7 | — | — |
| [Gland Pharma](https://tapetide.com/ipo/gmp/gland-pharma-ipo/46) | Mainboard | 2020-11-20 | 1500 | 1701 | 13.4 | — | 6479.55 | 2826.8 | 88.45 |
| [Equitas SFB](https://tapetide.com/ipo/gmp/equitas-small-finance-bank-ipo/10) | Mainboard | 2020-11-02 | 33 | 31 | -6.06 | — | 517.6 | 65.78 | 99.33 |
| [Shine Fashions SME](https://tapetide.com/ipo/gmp/shine-fashions-ipo/44) | SME | 2020-11-02 | 40 | 40.5 | 1.25 | — | 1.6 | — | — |
| [Bodhi Tree Multimedia SME](https://tapetide.com/ipo/gmp/bodhi-tree-multimedia-ipo/43) | SME | 2020-10-21 | 95 | 95 | 0 | — | 3.71 | — | — |
| [Sigma Solve SME](https://tapetide.com/ipo/gmp/sigma-solve-ipo/40) | SME | 2020-10-19 | 45 | 46 | 2.22 | — | 4.95 | — | — |
| [Veer Global Infraconstruction SME](https://tapetide.com/ipo/gmp/veer-global-infraconstruction-ipo/39) | SME | 2020-10-19 | 28 | 31 | 10.71 | — | 4.92 | 135 | 864.29 |
| [Atal Realtech SME](https://tapetide.com/ipo/gmp/atal-realtech-ipo/42) | SME | 2020-10-15 | 72 | 70.2 | -2.5 | — | 10.83 | — | — |
| [Likhitha Infrastructure](https://tapetide.com/ipo/gmp/likhitha-infrastructure-ipo/32) | Mainboard | 2020-10-15 | 120 | 130.1 | 8.42 | — | 61.2 | — | — |
| [GM Polyplast SME](https://tapetide.com/ipo/gmp/gm-polyplast-ipo/38) | SME | 2020-10-14 | 159 | 160 | 0.63 | — | 8.09 | 65 | 186.16 |
| [AAA Technologies SME](https://tapetide.com/ipo/gmp/aaa-technologies-ipo/41) | SME | 2020-10-13 | 42 | 44.5 | 5.95 | — | 10.23 | 102.24 | 265.14 |
| [Mazagon Dock](https://tapetide.com/ipo/gmp/mazagon-dock-ipo/36) | Mainboard | 2020-10-12 | 145 | 216.25 | 49.14 | — | 443.69 | — | — |
| [UTI AMC](https://tapetide.com/ipo/gmp/uti-amc-ipo/20) | Mainboard | 2020-10-12 | 554 | 490.25 | -11.51 | — | 2159.88 | 817.05 | 47.48 |
| [ATAM Valves SME](https://tapetide.com/ipo/gmp/atam-valves-sme-ipo/33) | SME | 2020-10-06 | 40 | 40 | 0 | — | 4.5 | 50.71 | 153.55 |
| [Angel Broking](https://tapetide.com/ipo/gmp/angel-broking-ipo/26) | Mainboard | 2020-10-05 | 306 | 275 | -10.13 | — | 600 | — | — |
| [CAMS](https://tapetide.com/ipo/gmp/cams-ipo/23) | Mainboard | 2020-10-01 | 1230 | 1518 | 23.41 | — | 2243.12 | — | — |
| [Chemcon](https://tapetide.com/ipo/gmp/chemcon-ipo/30) | Mainboard | 2020-10-01 | 340 | 730.95 | 114.99 | — | 318 | 197.61 | -41.88 |
| [SecMark SME](https://tapetide.com/ipo/gmp/secmark-sme-ipo/31) | SME | 2020-10-01 | 135 | 134 | -0.74 | — | 15.04 | 139.87 | 159.02 |
| [Advait Infratech SME](https://tapetide.com/ipo/gmp/advait-infratech-sme-ipo/29) | SME | 2020-09-28 | 51 | 51.95 | 1.86 | — | 6.89 | 1580.5 | 6098.04 |
| [Route Mobile](https://tapetide.com/ipo/gmp/route-mobile-ipo/28) | Mainboard | 2020-09-21 | 350 | 708 | 102.29 | — | 600 | 416 | 18.86 |
| [Happiest Minds](https://tapetide.com/ipo/gmp/happiest-minds-ipo/25) | Mainboard | 2020-09-17 | 166 | 351 | 111.45 | — | 702.02 | 301.15 | 81.42 |
| [Trekkingtoes SME](https://tapetide.com/ipo/gmp/hippo-cabs-ipo/22) | SME | 2020-08-28 | 105 | 105 | 0 | — | 4.55 | — | — |
| [Suratwwala Business SME](https://tapetide.com/ipo/gmp/suratwwala-business-ipo/21) | SME | 2020-08-13 | 15 | 15.45 | 3 | — | 6.9 | — | — |
| [Mindspace REIT](https://tapetide.com/ipo/gmp/mindspace-business-reit/19) | Mainboard | 2020-08-07 | 275 | 304 | 10.55 | — | 4500 | — | — |
| [Yes Bank](https://tapetide.com/ipo/gmp/yes-bank-fpo/18) | Mainboard | 2020-07-27 | 12 | 12.3 | 2.5 | — | 15000 | 15.8 | 31.67 |
| [Rossari Biotech](https://tapetide.com/ipo/gmp/rossari-biotech-ipo/14) | Mainboard | 2020-07-23 | 425 | 670 | 57.65 | — | 496.25 | 414.7 | -2.42 |
| [Bonlon Industries SME](https://tapetide.com/ipo/gmp/bonlon-industries-ipo/2109) | SME | 2020-07-13 | 28 | 21 | -25 | — | 10.52 | 37.48 | 33.86 |
| [Ksolves India](https://tapetide.com/ipo/company/ksolves-india-ltd) | SME | 2020-07-06 | 100 | 101.95 | 1.95 | — | — | — | — |
| [Billwin Industries SME](https://tapetide.com/ipo/gmp/billwin-industries-ipo/2108) | SME | 2020-06-30 | 37 | 36.9 | -0.27 | — | 2.46 | 52.1 | 40.81 |
| [Nirmitee Robotics SME](https://tapetide.com/ipo/gmp/nirmitee-robotics-ipo/17) | SME | 2020-04-21 | 185 | 189 | 2.16 | — | 3.24 | — | — |
| [Laxmi Goldorna SME](https://tapetide.com/ipo/gmp/laxmi-goldorna-ipo/15) | SME | 2020-04-16 | 15 | 15 | 0 | — | 8.28 | 214.92 | 3338.72 |
| [DJ Mediaprint SME](https://tapetide.com/ipo/gmp/dj-mediaprint-ipo/16) | SME | 2020-04-13 | 20 | 20.6 | 3 | — | 2.4 | 68.31 | 1949.3 |
| [Cospower Engineering SME](https://tapetide.com/ipo/gmp/cospower-engineering-ipo/2107) | SME | 2020-03-30 | 51 | 51 | 0 | — | 2.04 | 2995 | 5772.55 |
| [RO Jewels SME](https://tapetide.com/ipo/gmp/ro-jewels-ipo/13) | SME | 2020-03-25 | 36 | 36 | 0 | — | 4.91 | — | — |
| [SBI Cards](https://tapetide.com/ipo/gmp/sbi-cards-ipo/7) | Mainboard | 2020-03-16 | 755 | 658 | -12.85 | — | 10340.79 | 545.55 | -27.74 |
| [SM Auto Stamping SME](https://tapetide.com/ipo/gmp/sm-auto-ipo/2106) | SME | 2020-03-16 | 18 | 18 | 0 | — | 6.91 | 30 | 66.67 |
| [ICL Organic Dairy Products SME](https://tapetide.com/ipo/gmp/icl-dairy-ipo/2105) | SME | 2020-02-17 | 20 | 20.8 | 4 | — | 4.08 | — | — |
| [Chandra Bhagat Pharma SME](https://tapetide.com/ipo/gmp/cbc-pharma-ipo/2104) | SME | 2020-02-14 | 51 | 51.7 | 1.37 | — | 10.2 | 39 | -23.53 |
| [Janus SME](https://tapetide.com/ipo/gmp/janus-ipo/2103) | SME | 2020-02-06 | 50 | 50.7 | 1.4 | — | 8 | — | — |
| [Madhav Copper SME](https://tapetide.com/ipo/gmp/madhav-copper-fpo/2115) | SME | 2020-02-06 | 102 | 102 | 0 | — | 25.5 | 48.62 | -52.33 |
| [Tranway Technologies SME](https://tapetide.com/ipo/gmp/tranway-ipo/2110) | SME | 2020-02-05 | 10 | 11.1 | 11 | — | 4.24 | — | — |
| [HindPrakash Industries SME](https://tapetide.com/ipo/gmp/hindprakash-ipo/2112) | SME | 2020-01-27 | 40 | 40.7 | 1.75 | — | 11.52 | 114.46 | 186.15 |
| [Gian Life Care SME](https://tapetide.com/ipo/gmp/gian-lifecare-ipo/2102) | SME | 2020-01-13 | 22 | 22 | 0 | — | 3.12 | 4.2 | -58 |
| Vaxtex Cotfab | SME | 2020-01-13 | 24 | 24.1 | 0.42 | — | — | — | — |
| [Valencia Nutrition SME](https://tapetide.com/ipo/gmp/valencia-ipo/2111) | SME | 2020-01-06 | 46 | 46.45 | 0.98 | — | 7.23 | 63.9 | 38.91 |

---

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 2026-10-25T12:30:23.542Z.