IPO Listing Gains in 2022: Mainboard and SME

Final for 2022: every IPO that listed in the year. Prices as of 25 Oct 2026.

148 IPOs listed on NSE and BSE in 2022: 39 mainboard and 109 SME. Across them, the average listing-day gain was +23.95% (median +7.22%), and 112 of the 148 IPOs with a listing price (75.7%) listed above their issue price.

IPOs listed
148
39 mainboard · 109 SME
Average listing gain
+23.95%
median +7.22%
Listed above issue
75.7%
112 of 148 · 23 below
Total raised
₹65,240 Cr
mainboard ₹63,284 Cr

Mainboard vs SME IPO listing gains

Mainboard: 39 listings, average +10.25%, median +3.75%, 69.2% above issue price. SME: 109 listings, average +28.85%, median +10.07%, 78.0% above issue price.

SegmentListedAverage gainMedian gainAbove / at / below issueAbove issue
Mainboard39+10.25%+3.75%27 / 2 / 1069.2%
SME109+28.85%+10.07%85 / 11 / 1378.0%
All IPOs148+23.95%+7.22%112 / 13 / 2375.7%

Listing gains by month

By listing date. Averages cover issues with a recorded listing price.

MonthListedAverage gainMedian gainAbove issue
Jan 20226+29.61%+8.40%6 of 6
Feb 20229+17.72%+2.45%6 of 9
Mar 202210+8.04%+2.99%6 of 10
Apr 202210+25.95%+16.13%10 of 10
May 202214+1.01%0.00%6 of 14
Jun 20228+12.20%+5.02%7 of 8
Jul 202211+0.34%+1.47%8 of 11
Aug 20225+70.79%+78.21%5 of 5
Sep 202222+31.98%+28.41%16 of 22
Oct 202220+40.47%+26.43%18 of 20
Nov 202215+24.35%+12.71%12 of 15
Dec 202218+28.87%+8.02%12 of 18

Highest listing-day gains

IPOSegmentListedIssue priceListing priceListing gain
Phantom Digital Effects SMESME21 Oct 2022₹95.00₹300.00+215.79%
Baheti Recycling SMESME8 Dec 2022₹45.00₹120.00+166.67%
Agni Green Power SMESME1 Aug 2022₹10.00₹25.00+150.00%
Virtuoso Optoelectronics SMESME15 Sep 2022₹56.00₹117.00+108.93%
Ameya Precision Engineers SMESME8 Sep 2022₹34.00₹68.40+101.18%

Lowest listing-day gains

IPOSegmentListedIssue priceListing priceListing gain
Bhatia Colour Chem SMESME24 Mar 2022₹80.00₹40.00−50.00%
Swastik Pipe SMESME12 Oct 2022₹100.00₹66.00−34.00%
Reetech International Cargo and Courier SMESME10 Oct 2022₹105.00₹82.00−21.90%
KCK IndustriesSME8 Jul 2022₹30.00₹25.00−16.67%
Naturo Indiabull SMESME2 Sep 2022₹30.00₹25.00−16.67%

Every IPO listed in 2022

148 issues, newest listing first. Listing price is the opening price on listing day; current price is the latest close, latest listing 30 Dec 2022.

IPOSegmentListedIssue priceListing priceListing gainCurrent priceSince issue
Elin ElectronicsMainboard30 Dec 2022₹247.00₹243.00−1.62%₹69.55−71.84%
Moxsh Overseas Educon SMESME30 Dec 2022₹153.00₹131.00−14.38%₹119.00+211.11%
Arihant Academy SMESME29 Dec 2022₹90.00₹120.10+33.44%₹230.00+155.56%
KFin TechnologiesMainboard29 Dec 2022₹366.00₹369.00+0.82%₹799.00+118.31%
Uma Converter SMESME29 Dec 2022₹33.00₹34.25+3.79%₹15.55−52.88%
Dollex Agrotech SMESME28 Dec 2022₹35.00₹30.00−14.29%₹28.07−19.80%
Abans HoldingsMainboard23 Dec 2022₹270.00₹270.000.00%₹201.00−25.56%
Droneacharya Aerial Innovations SMESME23 Dec 2022₹54.00₹102.00+88.89%₹28.37−47.46%
Landmark CarsMainboard23 Dec 2022₹506.00₹471.30−6.86%₹418.00−17.39%
Sula VineyardsMainboard22 Dec 2022₹357.00₹358.00+0.28%₹127.16−64.38%
All E Technologies SMESME21 Dec 2022₹90.00₹125.00+38.89%₹117.90+31.00%
PNGS Gargi Fashion Jewellery SMESME20 Dec 2022₹30.00₹57.00+90.00%₹536.00+1,686.67%
Arham Technology SMESME15 Dec 2022₹42.00₹60.00+42.86%₹189.45+802.14%
Uniparts IndiaMainboard12 Dec 2022₹577.00₹575.00−0.35%₹686.35+18.95%
Baheti Recycling SMESME8 Dec 2022₹45.00₹120.00+166.67%₹704.30+1,465.11%
Dharmaj Crop GuardMainboard8 Dec 2022₹237.00₹266.00+12.24%₹239.20+0.93%
Pritika Engineering ComponentsSME8 Dec 2022₹29.00₹42.20+45.52%₹80.20+453.10%
Ambo Agritec SMESME2 Dec 2022₹30.00₹40.10+33.67%₹9.09−69.70%
Keystone RealtorsMainboard24 Nov 2022₹541.00₹555.00+2.59%₹336.95−37.72%
Inox Green EnergyMainboard23 Nov 2022₹65.00₹60.50−6.92%₹111.36+71.32%
Kaynes Technology IndiaMainboard22 Nov 2022₹587.00₹775.00+32.03%₹3,187.90+443.08%
Archean ChemicalMainboard21 Nov 2022₹407.00₹449.00+10.32%₹478.45+17.56%
Five Star Business FinanceMainboard21 Nov 2022₹474.00₹449.95−5.07%₹448.40−5.40%
Amiable Logistics SMESME16 Nov 2022₹81.00₹129.95+60.43%₹65.00−19.75%
Bikaji Foods InternationalMainboard16 Nov 2022₹300.00₹321.15+7.05%₹462.75+54.25%
Global HealthMainboard16 Nov 2022₹336.00₹398.15+18.50%₹1,185.00+252.68%
Technopack Polymers SMESME16 Nov 2022₹55.00₹74.00+34.55%₹11.00−60.00%
Fusion Micro FinanceMainboard15 Nov 2022₹368.00₹360.50−2.04%₹139.48−62.10%
DAPS Advertising SMESME14 Nov 2022₹30.00₹57.00+90.00%₹18.66−37.80%
Vital Chemtech SMESME14 Nov 2022₹101.00₹164.00+62.38%₹46.21−54.25%
DCX SystemsMainboard11 Nov 2022₹207.00₹286.25+38.29%₹132.91−35.79%
Integrated Personnel Services SMESME11 Nov 2022₹59.00₹66.50+12.71%₹199.95+238.90%
Rite Zone Chemcon India SMESME11 Nov 2022₹75.00₹82.85+10.47%₹19.50−74.00%
Phantom Digital Effects SMESME21 Oct 2022₹95.00₹300.00+215.79%₹86.75−8.68%
Pace E-Commerce Ventures SMESME20 Oct 2022₹103.00₹104.50+1.46%₹13.50−86.89%
Tracxn TechnologiesMainboard20 Oct 2022₹80.00₹83.00+3.75%₹30.46−61.93%
Electronics Mart IndiaMainboard17 Oct 2022₹59.00₹89.40+51.53%₹153.60+160.34%
Frog Cellsat SMESME13 Oct 2022₹102.00₹177.00+73.53%₹232.30+127.75%
Maagh Advertising & Marketing ServicesSME13 Oct 2022₹60.00₹62.30+3.83%——
Swastik Pipe SMESME12 Oct 2022₹100.00₹66.00−34.00%₹15.70−84.30%
Vedant Asset SMESME12 Oct 2022₹40.00₹65.00+62.50%₹56.86+42.15%
Lloyds Luxuries SMESME11 Oct 2022₹40.00₹45.15+12.88%₹55.20+38.00%
QMS Medical Allied Services SMESME11 Oct 2022₹121.00₹128.00+5.79%₹172.21+42.32%
Cargosol Logistics SMESME10 Oct 2022₹28.00₹42.40+51.43%——
Cargotrans Maritime SMESME10 Oct 2022₹45.00₹70.00+55.56%₹83.49+85.53%
Concord Control Systems SMESME10 Oct 2022₹55.00₹109.95+99.91%₹2,385.00+6,838.18%
Cyber Media Research & Services SMESME10 Oct 2022₹180.00₹245.25+36.25%₹75.40−58.11%
Insolation EnergySME10 Oct 2022₹38.00₹76.10+100.26%₹63.96+16,731.58%
Reetech International Cargo and Courier SMESME10 Oct 2022₹105.00₹82.00−21.90%₹13.60−87.05%
Silicon Rental Solutions SMESME10 Oct 2022₹78.00₹80.00+2.56%₹67.00−14.10%
Steelman Telecom SMESME10 Oct 2022₹96.00₹161.00+67.71%₹69.00−28.13%
Trident Lifeline SMESME10 Oct 2022₹101.00₹105.00+3.96%₹407.00+302.97%
Mafia Trends SMESME6 Oct 2022₹28.00₹32.65+16.61%₹4.52−83.86%
Containe Technologies SMESME30 Sep 2022₹15.00₹22.00+46.67%₹14.21−5.27%
Kandarp Digi Smart BPO SMESME28 Sep 2022₹30.00₹30.000.00%₹63.00+110.00%
Maks Energy Solutions India SMESME28 Sep 2022₹20.00₹20.000.00%₹13.55−32.25%
Annapurna Swadisht SMESME27 Sep 2022₹70.00₹120.00+71.43%₹112.64+60.91%
Varanium CloudSME27 Sep 2022₹122.00₹131.00+7.38%——
Harsha Engineers InternationalMainboard26 Sep 2022₹330.00₹444.00+34.55%₹404.45+22.56%
Ishan InternationalSME22 Sep 2022₹80.00₹82.00+2.50%₹0.55−79.38%
Tapi Fruit Processing SMESME22 Sep 2022₹48.00₹52.10+8.54%₹41.80−12.92%
Sabar Flex India SMESME21 Sep 2022₹11.00₹21.00+90.91%₹9.35−15.00%
Mega Flex Plastics SMESME19 Sep 2022₹40.00₹54.00+35.00%₹159.90+299.75%
Shantidoot Infra Services SMESME19 Sep 2022₹81.00₹105.00+29.63%₹560.50+591.98%
Viviana Power Tech SMESME16 Sep 2022₹55.00₹90.00+63.64%₹680.50+1,879.64%
Tamilnad Mercantile BankMainboard15 Sep 2022₹510.00₹510.000.00%₹800.65+56.99%
Virtuoso Optoelectronics SMESME15 Sep 2022₹56.00₹117.00+108.93%₹484.40+765.00%
EP Biocomposites SMESME13 Sep 2022₹126.00₹160.25+27.18%₹87.00−30.95%
Ameya Precision Engineers SMESME8 Sep 2022₹34.00₹68.40+101.18%₹176.00+417.65%
Dipna Pharmachem SMESME8 Sep 2022₹38.00₹32.00−15.79%₹3.89−89.76%
JFL Life Sciences SMESME8 Sep 2022₹61.00₹70.00+14.75%₹10.30−49.34%
Jay Jalaram Technologies SMESME8 Sep 2022₹36.00₹50.00+38.89%₹325.15+803.19%
Dreamfolks ServicesMainboard6 Sep 2022₹326.00₹505.00+54.91%₹56.73−82.60%
Rhetan TMTSME5 Sep 2022₹70.00₹70.000.00%₹14.92+699.29%
Naturo Indiabull SMESME2 Sep 2022₹30.00₹25.00−16.67%——
Olatech Solutions SMESME29 Aug 2022₹27.00₹51.30+90.00%₹48.50+232.31%
Syrma SGS TechnologyMainboard26 Aug 2022₹220.00₹262.00+19.09%₹1,433.10+551.41%
Veekayem Fashion and Apparels SMESME22 Aug 2022₹28.00₹49.90+78.21%₹164.95+489.11%
Upsurge Seeds of Agriculture SMESME11 Aug 2022₹120.00₹140.00+16.67%₹89.55+6.61%
Agni Green Power SMESME1 Aug 2022₹10.00₹25.00+150.00%₹14.20+42.00%
Healthy Life Agritec SMESME26 Jul 2022₹10.00₹8.90−11.00%₹4.98−50.20%
Veerkrupa JewellersSME18 Jul 2022₹27.00₹27.000.00%₹0.42−74.07%
B Right Real Estate SMESME13 Jul 2022₹153.00₹155.00+1.31%₹912.90+496.67%
Jayant Infratech SMESME13 Jul 2022₹67.00₹76.00+13.43%₹116.76+422.81%
SKP Bearing SMESME13 Jul 2022₹70.00₹73.00+4.29%₹143.05+104.36%
Kesar India SMESME12 Jul 2022₹170.00₹172.50+1.47%₹1,015.00+4,079.41%
Mangalam Worldwide SMESME11 Jul 2022₹101.00₹102.00+0.99%——
KCK IndustriesSME8 Jul 2022₹30.00₹25.00−16.67%₹12.75+962.50%
Sailani Tours N Travels SMESME8 Jul 2022₹15.00₹15.50+3.33%₹7.26−51.60%
Pearl Green Clubs and Resorts SMESME7 Jul 2022₹186.00₹189.05+1.64%₹110.90−40.38%
Modis Navnirman SMESME6 Jul 2022₹180.00₹189.00+5.00%₹374.25+731.67%
Goel Food Products SMESME28 Jun 2022₹72.00₹75.00+4.17%₹14.50+0.69%
Scarnose International SMESME27 Jun 2022₹55.00₹55.50+0.91%₹37.40−32.00%
Silver Pearl Hospitality SMESME17 Jun 2022₹18.00₹16.00−11.11%——
Fidel Softech SMESME10 Jun 2022₹37.00₹59.10+59.73%₹171.20+362.70%
Rachana Infrastructure SMESME10 Jun 2022₹135.00₹138.00+2.22%₹32.65−75.81%
Aether IndustriesMainboard3 Jun 2022₹642.00₹706.15+9.99%₹1,412.70+120.05%
Globesecure Technologies SMESME2 Jun 2022₹29.00₹36.50+25.86%₹10.50−63.79%
eMudhraMainboard1 Jun 2022₹256.00₹271.00+5.86%₹353.70+38.16%
Ethos LimitedMainboard30 May 2022₹878.00₹830.00−5.47%₹2,411.40+174.65%
Paradeep PhosphatesMainboard27 May 2022₹42.00₹43.55+3.69%₹133.57+218.02%
DelhiveryMainboard24 May 2022₹487.00₹493.00+1.23%₹370.00−24.02%
Venus Pipes and TubesMainboard24 May 2022₹326.00₹335.00+2.76%₹1,712.10+425.18%
Prudent Corporate Advisory ServicesMainboard20 May 2022₹630.00₹660.00+4.76%₹2,797.80+344.10%
LICMainboard17 May 2022₹949.00₹867.20−8.62%₹381.50−19.60%
Sonu Infratech SMESME13 May 2022₹36.00₹36.000.00%₹41.50+15.28%
Rainbow Childrens MedicareMainboard10 May 2022₹542.00₹506.00−6.64%₹1,169.60+115.79%
Campus ActivewearMainboard9 May 2022₹292.00₹355.00+21.58%₹189.15−35.22%
Le Merite Exports SMESME9 May 2022₹75.00₹75.000.00%——
Fone4 Communications SMESME6 May 2022₹10.00₹10.000.00%₹4.09−59.10%
Nanavati Ventures SMESME6 May 2022₹50.00₹50.000.00%₹76.10+52.20%
Global Longlife Hospital SMESME4 May 2022₹140.00₹141.10+0.79%₹12.57−91.02%
Shashwat Furnishing Solutions SMESME4 May 2022₹45.00₹45.000.00%₹57.64+28.09%
Jeena Sikho LifecareSME19 Apr 2022₹150.00₹165.10+10.07%₹341.55+1,949.30%
Eighty Jewellers SMESME13 Apr 2022₹41.00₹42.00+2.44%₹44.00+7.32%
Hariom PipeMainboard13 Apr 2022₹153.00₹214.00+39.87%₹300.20+96.21%
Dhyaani Tile SMESME12 Apr 2022₹51.00₹52.25+2.45%₹10.93−39.99%
Sunrise Efficient SMESME12 Apr 2022₹121.00₹121.25+0.21%₹25.50−36.78%
Veranda LearningMainboard11 Apr 2022₹137.00₹157.00+14.60%₹32.33−76.40%
Ruchi SoyaMainboard8 Apr 2022₹650.00₹850.00+30.77%₹349.75+61.42%
Uma ExportsMainboard7 Apr 2022₹68.00₹80.00+17.65%₹19.19−71.78%
Krishna Defence SMESME6 Apr 2022₹39.00₹75.00+92.31%₹1,121.80+2,776.41%
P E Analytics SMESME4 Apr 2022₹114.00₹170.00+49.12%₹187.00+64.04%
Empyrean Cashews SMESME31 Mar 2022₹37.00₹44.10+19.19%₹345.00+832.43%
Achyut Healthcare SMESME30 Mar 2022₹20.00₹21.15+5.75%₹6.96+630.80%
Evoq Remedies SMESME30 Mar 2022₹27.00₹23.75−12.04%₹1.86−93.11%
KN Agri Resources SMESME28 Mar 2022₹75.00₹146.00+94.67%₹183.03+144.04%
Swaraj Suiting SMESME28 Mar 2022₹56.00₹53.20−5.00%₹316.00+1,028.57%
Bhatia Colour Chem SMESME24 Mar 2022₹80.00₹40.00−50.00%₹21.04−73.70%
Cool Caps SMESME24 Mar 2022₹38.00₹35.90−5.53%₹19.25+406.58%
SP Refractories SMESME22 Mar 2022₹90.00₹90.20+0.22%₹140.25+55.83%
Shigan Quantum Technologies SMESME11 Mar 2022₹50.00₹61.00+22.00%₹57.15+14.30%
Ekennis Software SMESME7 Mar 2022₹72.00₹80.00+11.11%₹36.75−48.96%
Vaidya Sane Ayurved SMESME23 Feb 2022₹73.00₹102.00+39.73%₹146.45+100.62%
Richa Info Systems SMESME21 Feb 2022₹125.00₹125.000.00%₹87.10−30.32%
Maruti Interior SMESME16 Feb 2022₹55.00₹55.000.00%₹33.15+20.55%
Vedant FashionsMainboard16 Feb 2022₹866.00₹936.00+8.08%₹481.45−44.41%
Quality RO SMESME9 Feb 2022₹51.00₹52.25+2.45%₹22.30−56.27%
Safa Systems SMESME9 Feb 2022₹10.00₹16.55+65.50%₹17.77+77.70%
Adani WilmarMainboard8 Feb 2022₹230.00₹221.00−3.91%₹173.10−24.74%
Alkosign SMESME1 Feb 2022₹45.00₹45.25+0.56%₹62.00+106.67%
Precision Metaliks SMESME1 Feb 2022₹51.00₹75.00+47.06%₹6.50−87.25%
AGS Transact TechnologiesMainboard31 Jan 2022₹175.00₹176.00+0.57%₹2.17−98.87%
DJ Mediaprint Logistics SMESME31 Jan 2022₹125.00₹241.70+93.36%₹68.31+227.89%
Fabino Life Sciences SMESME13 Jan 2022₹36.00₹38.45+6.81%——
Ascensive Educare SMESME12 Jan 2022₹26.00₹27.60+6.15%₹15.80+507.69%
Timescan Logistics SMESME12 Jan 2022₹51.00₹82.00+60.78%₹42.80+67.84%
AB Cotspin SMESME11 Jan 2022₹35.00₹38.50+10.00%₹169.19+383.40%

Methodology

  • Covers every IPO whose shares were listed on NSE or BSE between 1 Jan 2022 and 31 Dec 2022, 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.

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. Markdown version.