Mainboard IPOs of 2018: subscription and listing gains
Every mainboard IPO whose bidding closed in 2018, 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.
22
Mainboard IPOs
₹28,014 Cr
Raised
+6.8%
Avg listing gain
median +2.7%
52%
Listed at a premium
+13.6%
Avg day-1 high
3.10x
Median subscription
| Company | Closed | Size | Issue price | QIB | NII | Retail | Total | Listing gain | Day high | Day close | Now | AI estimate |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dinesh EngineersDEPL | 03 Oct | ₹324 Cr | ₹185 | 0.00x | 0.43x | 0.29x | 0.17x | — | — | — | — | — |
| Garden Reach Shipbuilders & EngineersGRSE · listed 10 Oct 2018 | 01 Oct | ₹598 Cr | ₹118 | 1.81x | 0.31x | 0.24x | 1.02x | -13.1% | -7.6% | -12.5% | — | — |
| Aavas FinanciersAAVAS · listed 08 Oct 2018 | 27 Sep | ₹1,734 Cr | ₹821 | 2.77x | 0.26x | 0.25x | 0.97x | -8.7% | -4.1% | -5.7% | — | — |
| Ircon InternationalIRCON · listed 28 Sep 2018 | 19 Sep | ₹806 Cr | ₹475 | 12.3x | 4.92x | 10.1x | 9.90x | -13.3% | -2.1% | -12.6% | — | — |
| HDFC Asset Management CompanyHDFCAMC · listed 06 Aug 2018 | 27 Jul | ₹2,800 Cr | ₹1,100 | 192x | 195x | 6.73x | 83.1x | +56.9% | +67.6% | +65.1% | — | — |
| TCNS Clothing Co.TCNSBRANDS · listed 30 Jul 2018 | 20 Jul | — | ₹716 | — | — | — | — | 0.0% | +1.3% | -7.9% | — | — |
| Varroc EngineeringVARROC · listed 06 Jul 2018 | 28 Jun | ₹1,955 Cr | ₹967 | 9.16x | 2.45x | 0.95x | 3.59x | +5.0% | +9.8% | +7.3% | — | — |
| RITESRITES · listed 02 Jul 2018 | 22 Jun | ₹799 Cr | ₹185 | 71.7x | 195x | 15.7x | 67.2x | +2.7% | +21.4% | +15.3% | — | — |
| Fine Organic IndustriesFINEORG · listed 02 Jul 2018 | 22 Jun | ₹600 Cr | ₹783 | 12.9x | 21.0x | 1.62x | 8.99x | +4.1% | +6.5% | +5.1% | — | — |
| Lemon Tree HotelsLEMONTREE · listed 09 Apr 2018 | 28 Mar | ₹1,039 Cr | ₹56.0 | 3.89x | 0.12x | 0.12x | 1.19x | +10.0% | +32.0% | +27.9% | — | — |
| Mishra Dhatu NigamMIDHANI · listed 04 Apr 2018 | 23 Mar | ₹755 Cr | ₹90.0 | 1.96x | 0.12x | 0.72x | 1.21x | -3.3% | +1.1% | +0.1% | — | — |
| Sandhar TechnologiesSANDHAR · listed 02 Apr 2018 | 21 Mar | ₹515 Cr | ₹332 | 14.5x | 6.39x | 1.42x | 6.19x | +4.2% | +6.0% | -3.0% | — | — |
| Karda ConstructionsKARDA · listed 02 Apr 2018 | 21 Mar | ₹89.0 Cr | ₹180 | 1.55x | 3.44x | 2.01x | 2.54x | -24.4% | -20.7% | -20.7% | — | — |
| Hindustan AeronauticsHAL · listed 28 Mar 2018 | 20 Mar | ₹7,191 Cr | ₹1,215 | 1.73x | 0.03x | 0.39x | 0.99x | -5.2% | -2.5% | -6.8% | — | — |
| Bandhan BankBANDHANBNK · listed 27 Mar 2018 | 19 Mar | ₹4,473 Cr | ₹375 | 38.7x | 13.9x | 1.20x | 14.6x | +33.1% | +33.1% | +27.2% | — | — |
| Bharat DynamicsBDL · listed 23 Mar 2018 | 15 Mar | ₹1,667 Cr | ₹428 | 1.50x | 0.50x | 1.41x | 1.30x | -13.6% | -5.9% | -8.9% | — | — |
| H.G.Infra EngineeringHGINFRA · listed 09 Mar 2018 | 28 Feb | ₹467 Cr | ₹270 | 0.00x | 0.07x | 0.84x | 0.44x | 0.0% | +2.2% | -0.8% | — | — |
| Aster DM HealthcareASTERDM · listed 26 Feb 2018 | 15 Feb | ₹1,010 Cr | ₹190 | 2.10x | 0.55x | 1.18x | 1.31x | -3.7% | -1.1% | -4.5% | — | — |
| Galaxy SurfactantsGALAXYSURF · listed 08 Feb 2018 | 31 Jan | — | ₹1,480 | — | — | — | — | +3.0% | +17.2% | +14.9% | — | — |
| Amber Enterprises IndiaAMBER · listed 30 Jan 2018 | 19 Jan | ₹603 Cr | ₹859 | 175x | 519x | 11.7x | 165x | +36.8% | +47.7% | +45.0% | — | — |
| Newgen Software TechnologiesNEWGEN · listed 29 Jan 2018 | 18 Jan | ₹428 Cr | ₹245 | 15.6x | 5.52x | 5.18x | 8.25x | +3.7% | +8.9% | +3.0% | — | — |
| Apollo Micro SystemsAPOLLO · listed 22 Jan 2018 | 12 Jan | ₹162 Cr | ₹275 | 102x | 958x | 40.2x | 249x | +69.1% | +74.5% | +60.6% | — | — |
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.
2018 listings by QIB demand
| QIB subscription | IPOs | Avg listing gain | Median | At a premium | Median day high |
|---|---|---|---|---|---|
| Below 1x | 1 | 0.0% | 0.0% | 0% | +2.2% |
| 1x to 10x | 9 | -6.3% | -5.2% | 22% | -2.5% |
| 10x to 50x | 5 | +6.4% | +4.1% | 80% | +6.5% |
| 50x to 150x | 2 | +35.9% | +35.9% | 100% | +48.0% |
| Above 150x | 2 | +46.9% | +46.9% | 100% | +57.7% |
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.
