Mainboard IPOs of 2017: subscription and listing gains
Every mainboard IPO whose bidding closed in 2017, with its size, issue price, how many times each investor category subscribed (NSE and BSE together) and how it did on its first day of trading on NSE. Click a column to sort.
35
Mainboard IPOs
₹85,532 Cr
Raised
+22.4%
Avg listing gain
median +5.0%
60%
Listed at a premium
+29.3%
Avg day-1 high
7.70x
Median subscription
| Company | Closed | Size | Issue price | QIB | NII | Retail | Total | Listing gain | Day high | Day close | Now | AI estimate |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Astron Paper & Board MillsASTRON · listed 29 Dec 2017 | 20 Dec | ₹80.0 Cr | ₹50.0 | 103x | 397x | 77.9x | 243x | +130.0% | +141.5% | +141.5% | — | — |
| Future Supply Chain SolutionsFSC · listed 18 Dec 2017 | 08 Dec | ₹650 Cr | ₹664 | 12.4x | 11.2x | 3.28x | 7.56x | 0.0% | +5.3% | +3.4% | — | — |
| ShalbySHALBY · listed 15 Dec 2017 | 07 Dec | ₹515 Cr | ₹248 | 4.34x | 0.42x | 2.98x | 2.82x | -3.4% | +2.7% | -3.4% | — | — |
| HDFC Standard Life Insurance CompanyHDFCLIFE · listed 17 Nov 2017 | 09 Nov | ₹8,695 Cr | ₹290 | 16.6x | 2.29x | 0.94x | 4.90x | +6.9% | +27.2% | +18.8% | — | — |
| Khadim IndiaKHADIM · listed 14 Nov 2017 | 06 Nov | ₹544 Cr | ₹750 | 2.44x | 0.18x | 2.33x | 1.90x | -2.7% | -1.4% | -8.2% | — | — |
| The New India Assurance CompanyNIACL · listed 13 Nov 2017 | 03 Nov | ₹16,584 Cr | ₹800 | 2.34x | 0.12x | 0.11x | 1.19x | -6.2% | -6.2% | -9.1% | — | — |
| Mahindra LogisticsMAHLOG · listed 10 Nov 2017 | 02 Nov | ₹829 Cr | ₹429 | 15.6x | 2.07x | 6.10x | 7.90x | 0.0% | +1.1% | +0.1% | — | — |
| Reliance Nippon Life Asset ManagementRNAM · listed 06 Nov 2017 | 27 Oct | ₹1,542 Cr | ₹252 | 118x | 209x | 5.65x | 81.5x | +17.4% | +18.6% | +12.9% | — | — |
| General Insurance Corporation Of IndiaGICRE · listed 25 Oct 2017 | 13 Oct | ₹19,892 Cr | ₹912 | 2.25x | 0.22x | 0.63x | 1.38x | -6.8% | -1.4% | -4.1% | — | — |
| Indian Energy ExchangeIEX · listed 23 Oct 2017 | 11 Oct | ₹1,426 Cr | ₹1,650 | 2.56x | 0.85x | 2.61x | 2.28x | -9.1% | +0.6% | -1.3% | — | — |
| MAS Financial ServicesMASFIN · listed 18 Oct 2017 | 10 Oct | ₹464 Cr | ₹459 | 148x | 379x | 16.0x | 128x | +43.8% | +48.5% | +42.6% | — | — |
| Godrej AgrovetGODREJAGRO · listed 16 Oct 2017 | 06 Oct | ₹1,180 Cr | ₹460 | 151x | 236x | 7.67x | 95.4x | +33.8% | +37.0% | +29.5% | — | — |
| Prataap SnacksDIAMONDYD · listed 05 Oct 2017 | 26 Sep | ₹485 Cr | ₹938 | 76.9x | 101x | 8.48x | 47.4x | +35.4% | +40.6% | +25.9% | — | — |
| SBI Life Insurance CompanySBILIFE · listed 03 Oct 2017 | 22 Sep | ₹8,400 Cr | ₹700 | 12.6x | 0.70x | 0.85x | 3.58x | +5.0% | +5.7% | +1.1% | — | — |
| ICICI Lombard General Insurance CompanyICICIGI · listed 27 Sep 2017 | 19 Sep | ₹5,701 Cr | ₹661 | 8.17x | 0.83x | 1.23x | 2.98x | -1.5% | +5.0% | +3.1% | — | — |
| Capacit'e InfraprojectsCAPACITE · listed 25 Sep 2017 | 15 Sep | ₹408 Cr | ₹250 | 131x | 638x | 17.6x | 183x | +59.6% | +59.6% | +37.0% | — | — |
| Matrimony.comMATRIMONY · listed 21 Sep 2017 | 13 Sep | ₹503 Cr | ₹985 | 1.88x | 0.41x | 18.2x | 4.44x | 0.0% | +4.0% | -8.2% | — | — |
| Bharat Road NetworkBRNL · listed 18 Sep 2017 | 08 Sep | ₹1,276 Cr | ₹205 | 1.33x | 1.63x | 5.69x | 1.81x | 0.0% | +6.8% | +1.7% | — | — |
| Dixon Technologies (India)DIXON · listed 18 Sep 2017 | 08 Sep | ₹600 Cr | ₹1,766 | 135x | 346x | 10.6x | 118x | +54.3% | +71.2% | +63.7% | — | — |
| Apex Frozen FoodsAPEX · listed 04 Sep 2017 | 24 Aug | ₹152 Cr | ₹175 | 1.91x | 7.82x | 8.53x | 6.14x | +15.4% | +21.2% | +21.2% | — | — |
| Cochin ShipyardCOCHINSHIP · listed 11 Aug 2017 | 03 Aug | ₹2,542 Cr | ₹432 | 63.5x | 289x | 8.51x | 76.2x | +1.9% | +22.3% | +22.3% | — | — |
| Security and Intelligence Services (India)SIS · listed 10 Aug 2017 | 02 Aug | ₹789 Cr | ₹815 | 5.64x | 1.66x | 19.5x | 7.07x | +8.0% | +8.0% | -7.1% | — | — |
| Salasar Techno EngineeringSALASAR · listed 25 Jul 2017 | 17 Jul | — | ₹108 | — | — | — | — | +131.5% | +143.1% | +143.1% | — | — |
| AU Small Finance BankAUBANK · listed 10 Jul 2017 | 30 Jun | ₹1,913 Cr | ₹358 | 78.8x | 144x | 3.52x | 53.6x | +48.0% | +52.8% | +51.3% | — | — |
| GTPL HathwayGTPL · listed 04 Jul 2017 | 23 Jun | ₹492 Cr | ₹170 | 1.48x | 2.85x | 0.99x | 1.53x | 0.0% | +2.9% | +1.0% | — | — |
| Central Depository Services (India)CDSL · listed 30 Jun 2017 | 21 Jun | ₹524 Cr | ₹149 | 149x | 563x | 23.8x | 170x | +67.8% | +81.2% | +75.6% | — | — |
| Eris LifesciencesERIS · listed 29 Jun 2017 | 20 Jun | ₹1,741 Cr | ₹603 | 4.68x | 0.45x | 3.51x | 3.29x | +1.3% | +4.2% | -0.2% | — | — |
| Tejas NetworksTEJASNET · listed 27 Jun 2017 | 16 Jun | ₹803 Cr | ₹257 | 2.16x | 0.48x | 3.10x | 1.88x | 0.0% | +5.6% | +2.5% | — | — |
| PSP ProjectsPSPPROJECT · listed 29 May 2017 | 19 May | ₹212 Cr | ₹210 | 8.38x | 10.4x | 6.47x | 8.58x | -9.5% | -5.0% | -5.0% | — | — |
| Housing and Urban Development CorporationHUDCO · listed 19 May 2017 | 11 May | ₹2,125 Cr | ₹60.0 | 55.5x | 330x | 10.8x | 79.5x | +21.7% | +29.8% | +20.9% | — | — |
| S Chand and CompanySCHAND · listed 09 May 2017 | 28 Apr | ₹737 Cr | ₹670 | 44.3x | 205x | 6.07x | 59.5x | +4.5% | +4.5% | +0.9% | — | — |
| Shankara Building ProductsSHANKARA · listed 05 Apr 2017 | 24 Mar | ₹349 Cr | ₹460 | 51.6x | 90.7x | 15.3x | 41.9x | +20.7% | +38.3% | +37.5% | — | — |
| CL EducateCLEDUCATE · listed 31 Mar 2017 | 22 Mar | ₹239 Cr | ₹502 | 3.65x | 0.21x | 1.63x | 1.90x | -19.9% | -15.9% | -15.9% | — | — |
| Avenue SupermartsDMART · listed 21 Mar 2017 | 10 Mar | ₹1,895 Cr | ₹299 | 145x | 278x | 7.51x | 105x | +100.7% | +117.0% | +114.6% | — | — |
| BSEBSE · listed 03 Feb 2017 | 25 Jan | ₹1,243 Cr | ₹806 | 48.6x | 159x | 6.48x | 51.2x | +34.6% | +48.9% | +32.7% | — | — |
Subscription and issue size: for these issues, the figures NSE publishes (NSE and BSE bids together; for issues sized in rupees NSE counts the shares on offer at the lower end of the price band, so these can be up to about 7% below final figures quoted elsewhere) and an issue size estimated from the shares on offer (including the anchor book) at the issue price. "Now" is the latest NSE close against the issue price, not adjusted for later splits or bonuses. bt marks a back-tested AI estimate: scored by a model that had only seen earlier years' IPOs.
2017 listings by QIB demand
| QIB subscription | IPOs | Avg listing gain | Median | At a premium | Median day high |
|---|---|---|---|---|---|
| 1x to 10x | 15 | -2.3% | -1.5% | 20% | +2.9% |
| 10x to 50x | 6 | +8.5% | +4.7% | 67% | +5.5% |
| 50x to 150x | 12 | +50.1% | +45.9% | 100% | +50.6% |
| Above 150x | 1 | +33.8% | +33.8% | 100% | +37.0% |
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.
