Top 10 IPOs since 2016
Rankings of mainboard IPOs on NSE and BSE since 2016: size, listing day, demand from each investor category and how they have done since listing. Listing figures are NSE's prices against the issue price.
Biggest IPOs
| # | IPO | Issue size |
|---|---|---|
| 1 | Jio Platforms Oct 2026 | ₹30,329 Cr |
| 2 | Hyundai Motor India Oct 2024 | ₹27,870 Cr |
| 3 | National Stock Exchange of India Sep 2026 | ₹22,572 Cr |
| 4 | Life Insurance Corporation of India May 2022 | ₹21,008 Cr |
| 5 | General Insurance Corporation Of India Oct 2017 | ₹19,892 Cr |
| 6 | The New India Assurance Company Nov 2017 | ₹16,584 Cr |
| 7 | HDB Financial Services Jun 2025 | ₹13,214 Cr |
| 8 | LG Electronics India Oct 2025 | ₹11,607 Cr |
| 9 | Swiggy Nov 2024 | ₹11,329 Cr |
| 10 | ICICI Prudential Asset Management Company Dec 2025 | ₹10,603 Cr |
Best listings
| # | IPO | Listing gain |
|---|---|---|
| 1 | Sigachi Industries Nov 2021 | +249.7% |
| 2 | Vibhor Steel Tubes Feb 2024 | +181.5% |
| 3 | Paras Defence and Space Technologies Sep 2021 | +168.0% |
| 4 | Latent View Analytics Nov 2021 | +160.0% |
| 5 | Mamata Machinery Dec 2024 | +146.9% |
| 6 | Tata Technologies Nov 2023 | +140.0% |
| 7 | Salasar Techno Engineering Jul 2017 | +131.5% |
| 8 | Astron Paper & Board Mills Dec 2017 | +130.0% |
| 9 | BLS E- Services Feb 2024 | +125.9% |
| 10 | Premier Energies Aug 2024 | +120.0% |
Worst listings
| # | IPO | Listing gain |
|---|---|---|
| 1 | Om Freight Forwarders Oct 2025 | -39.6% |
| 2 | Glottis Oct 2025 | -34.9% |
| 3 | Shree Ram Twistex Feb 2026 | -34.6% |
| 4 | Annu Projects Aug 2026 | -27.3% |
| 5 | Karda Constructions Mar 2018 | -24.4% |
| 6 | Shriram Properties Dec 2021 | -23.7% |
| 7 | BMW Ventures Sep 2025 | -21.2% |
| 8 | CL Educate Mar 2017 | -19.9% |
| 9 | Waterways Leisure Tourism Jun 2026 | -15.7% |
| 10 | RateGain Travel Technologies Dec 2021 | -15.3% |
Highest day-1 high
| # | IPO | Day high vs issue |
|---|---|---|
| 1 | Sigachi Industries Nov 2021 | +267.2% |
| 2 | Vibhor Steel Tubes Feb 2024 | +195.5% |
| 3 | Paras Defence and Space Technologies Sep 2021 | +181.4% |
| 4 | Tata Technologies Nov 2023 | +180.0% |
| 5 | Latent View Analytics Nov 2021 | +178.2% |
| 6 | BLS E- Services Feb 2024 | +171.1% |
| 7 | Mamata Machinery Dec 2024 | +159.3% |
| 8 | Salasar Techno Engineering Jul 2017 | +143.1% |
| 9 | Astron Paper & Board Mills Dec 2017 | +141.5% |
| 10 | Happiest Minds Technologies Sep 2020 | +137.9% |
Most subscribed overall
| # | IPO | Total |
|---|---|---|
| 1 | Latent View Analytics Nov 2021 | 326x |
| 2 | Highway Infrastructure Aug 2025 | 301x |
| 3 | Vibhor Steel Tubes Feb 2024 | 299x |
| 4 | Apollo Micro Systems Jan 2018 | 249x |
| 5 | Hy-Tech Engineers Aug 2026 | 244x |
| 6 | Astron Paper & Board Mills Dec 2017 | 243x |
| 7 | Indo Farm Equipment Jan 2025 | 230x |
| 8 | Manba Finance Sep 2024 | 224x |
| 9 | Denta Water and Infra Solutions Jan 2025 | 222x |
| 10 | KRN Heat Exchanger and Refrigeration Sep 2024 | 214x |
Most subscribed by institutions
| # | IPO | QIB |
|---|---|---|
| 1 | Highway Infrastructure Aug 2025 | 421x |
| 2 | Standard Glass Lining Technology Jan 2025 | 332x |
| 3 | Unimech Aerospace and Manufacturing Dec 2024 | 318x |
| 4 | Bharat Coking Coal Jan 2026 | 311x |
| 5 | Tempsens Instruments (India) Aug 2026 | 303x |
| 6 | Tonbo Imaging India Oct 2026 | 294x |
| 7 | Kusumgar Jul 2026 | 284x |
| 8 | Corona Remedies Dec 2025 | 279x |
| 9 | Patel Retail Aug 2025 | 272x |
| 10 | CMR Green Technologies Jun 2026 | 270x |
Most subscribed by HNIs
| # | IPO | NII |
|---|---|---|
| 1 | Apollo Micro Systems Jan 2018 | 958x |
| 2 | Latent View Analytics Nov 2021 | 851x |
| 3 | Vibhor Steel Tubes Feb 2024 | 721x |
| 4 | Mazagon Dock Shipbuilders Oct 2020 | 679x |
| 5 | Capacit'e Infraprojects Sep 2017 | 638x |
| 6 | Mrs. Bectors Food Specialities Dec 2020 | 621x |
| 7 | Central Depository Services (India) Jun 2017 | 563x |
| 8 | Advit Jewels Jun 2026 | 536x |
| 9 | Amber Enterprises India Jan 2018 | 519x |
| 10 | Tatva Chintan Pharma Chem Jul 2021 | 512x |
Most subscribed by retail
| # | IPO | Retail |
|---|---|---|
| 1 | Plaza Wires Oct 2023 | 375x |
| 2 | Quadrant Future Tek Jan 2025 | 247x |
| 3 | BLS E- Services Feb 2024 | 237x |
| 4 | MV Electrosystems Aug 2026 | 205x |
| 5 | Borana Weaves May 2025 | 201x |
| 6 | Rays of Belief- For Profit Social Enterprise (FPSE) Sep 2026 | 196x |
| 7 | Vibhor Steel Tubes Feb 2024 | 188x |
| 8 | Hy-Tech Engineers Aug 2026 | 171x |
| 9 | Nureca Feb 2021 | 167x |
| 10 | Dev Accelerator Sep 2025 | 165x |
Best since listing
| # | IPO | Now vs issue |
|---|---|---|
| 1 | Aditya Infotech Jul 2025 | +462.7% |
| 2 | Azad Engineering Dec 2023 | +373.0% |
| 3 | KRN Heat Exchanger and Refrigeration Sep 2024 | +362.9% |
| 4 | Ather Energy Apr 2025 | +329.9% |
| 5 | Senores Pharmaceuticals Dec 2024 | +210.8% |
| 6 | Shreeji Shipping Global Aug 2025 | +208.2% |
| 7 | Quality Power Electrical Equipments Feb 2025 | +207.2% |
| 8 | Rubicon Research Oct 2025 | +193.7% |
| 9 | GNG Electronics Jul 2025 | +188.0% |
| 10 | Bharti Hexacom Apr 2024 | +187.3% |
Worst since listing
| # | IPO | Now vs issue |
|---|---|---|
| 1 | Deepak Builders & Engineers India Oct 2024 | -97.0% |
| 2 | Waterways Leisure Tourism Jun 2026 | -88.9% |
| 3 | Aastha Spintex Jul 2026 | -83.5% |
| 4 | Credo Brands Marketing Dec 2023 | -77.3% |
| 5 | Bansal Wire Industries Jul 2024 | -76.8% |
| 6 | Shree Tirupati Balajee Agro Trading Company Sep 2024 | -75.6% |
| 7 | R K Swamy Mar 2024 | -73.6% |
| 8 | Motisons Jewellers Dec 2023 | -72.8% |
| 9 | Anlon Healthcare Aug 2025 | -71.9% |
| 10 | Ecos (India) Mobility & Hospitality Aug 2024 | -70.1% |
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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.
