IPO market tracker
India's mainboard IPO market by year since 2016 and by quarter of the financial year: how many companies came to market, how much they raised, how hard they were bid for and how they listed on NSE. A year counts an IPO in the year its bidding closed.
IPOs and money raised by year
Quarter by quarter (financial year)
| Quarter | IPOs | Raised | Median subscription | Avg listing gain | Median | At a premium | Avg day-1 high | Best listing |
|---|---|---|---|---|---|---|---|---|
| FY27 Q1Apr-Jun 2026 | 8 | ₹3,779 Cr | 6.40x | +9.3% | +6.8% | 62% | +15.1% | CMR Green Technologies +39.6% |
| FY27 Q2Jul-Sep 2026 | 68 | ₹92,399 Cr | 45.6x | +18.7% | +11.7% | 77% | +27.0% | Tempsens Instruments (India) +111.3% |
| FY27 Q3Oct-Dec 2026 · so far | 14 | ₹42,576 Cr | 9.30x | +14.1% | +6.1% | 75% | +18.2% | Tonbo Imaging India +65.7% |
| FY26 Q1Apr-Jun 2025 | 14 | ₹28,236 Cr | 27.2x | +8.9% | +7.2% | 64% | +13.6% | Sambhv Steel Tubes +34.1% |
| FY26 Q2Jul-Sep 2025 | 46 | ₹40,584 Cr | 38.6x | +9.5% | +4.4% | 71% | +14.4% | Highway Infrastructure +64.3% |
| FY26 Q3Oct-Dec 2025 | 31 | ₹74,807 Cr | 26.6x | +8.6% | +5.4% | 65% | +15.1% | LG Electronics India +50.0% |
| FY26 Q4Jan-Mar 2026 | 18 | ₹19,779 Cr | 2.10x | +0.4% | -4.3% | 28% | +5.5% | Bharat Coking Coal +95.7% |
Year by year
| Year | IPOs | Raised | Median subscription | Avg listing gain | Median | At a premium | Avg day-1 high | Best listing |
|---|---|---|---|---|---|---|---|---|
| 2026 | 108 | ₹1,58,533 Cr | 25.2x | +14.3% | +7.6% | 67% | +21.5% | Tempsens Instruments (India) +111.3% |
| 2025 | 101 | ₹1,60,081 Cr | 30.3x | +9.6% | +5.7% | 69% | +15.3% | Highway Infrastructure +64.3% |
| 2024 | 86 | ₹1,40,723 Cr | 59.4x | +29.7% | +17.3% | 78% | +39.0% | Vibhor Steel Tubes +181.5% |
| 2023 | 57 | ₹48,510 Cr | 33.9x | +26.8% | +17.1% | 80% | +34.7% | Tata Technologies +140.0% |
| 2022 | 39 | ₹60,301 Cr | 3.10x | +8.6% | +3.3% | 66% | +15.8% | Dreamfolks Services +56.0% |
| 2021 | 60 | ₹62,036 Cr | 38.3x | +33.0% | +16.7% | 75% | +42.9% | Sigachi Industries +249.7% |
| 2020 | 15 | ₹16,036 Cr | 73.3x | +44.3% | +43.3% | 71% | +58.6% | Chemcon Speciality Chemicals +115.0% |
| 2019 | 15 | ₹10,480 Cr | 22.2x | +18.8% | +12.8% | 71% | +27.8% | Indian Railway Catering and Tourism Corporation +95.6% |
| 2018 | 22 | ₹28,014 Cr | 3.10x | +6.8% | +2.7% | 52% | +13.6% | Apollo Micro Systems +69.1% |
| 2017 | 35 | ₹85,532 Cr | 7.70x | +22.4% | +5.0% | 60% | +29.3% | Salasar Techno Engineering +131.5% |
| 2016 | 25 | ₹14,086 Cr | 9.90x | +12.7% | +8.3% | 75% | +19.8% | Quess Corp +57.7% |
Raised: issue size estimated from the shares on offer (including the anchor book) at the issue price. Subscription: as published by NSE (NSE and BSE bids together). Listing gain: NSE opening price on listing day against the issue price.
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Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
