Mainboard IPOs of 2019: subscription and listing gains

Every mainboard IPO whose bidding closed in 2019, 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.

15
Mainboard IPOs
₹10,480 Cr
Raised
+18.8%
Avg listing gain
median +12.8%
71%
Listed at a premium
+27.8%
Avg day-1 high
22.2x
Median subscription
CompanyClosedSizeIssue price QIBNIIRetailTotal Listing gainDay highDay close NowAI estimate
Prince Pipes and FittingsPRINCEPIPE · listed 30 Dec 2019 20 Dec ₹503 Cr ₹178 3.54x 1.21x 1.89x 2.21x -10.1% -0.1% -6.2% — —
Ujjivan Small Finance BankUJJIVANSFB · listed 12 Dec 2019 04 Dec ₹771 Cr ₹37.0 111x 473x 49.1x 166x +58.8% +69.7% +51.2% — —
CSB BankCSBBANK · listed 04 Dec 2019 26 Nov ₹410 Cr ₹195 62.2x 165x 44.5x 86.9x +41.0% +57.3% +53.9% — —
Vishwaraj Sugar IndustriesVISHWARAJ · listed 15 Oct 2019 04 Oct ₹69.0 Cr ₹60.0 1.00x 1.76x 0.64x 1.12x +2.0% +2.5% +0.6% — —
Indian Railway Catering and Tourism CorporationIRCTC · listed 14 Oct 2019 03 Oct ₹1,125 Cr ₹320 109x 355x 14.9x 112x +95.6% +132.4% +127.4% — —
Sterling & Wilson SolarSWSL 08 Aug ₹3,145 Cr ₹780 1.02x 0.89x 0.30x 0.85x — — — — —
Affle IndiaAFFLE · listed 08 Aug 2019 31 Jul ₹457 Cr ₹745 55.3x 199x 11.0x 86.5x +24.3% +28.7% +17.3% — —
IndiaMART InterMESHINDIAMART · listed 04 Jul 2019 26 Jun — ₹973 — — — — +21.3% +37.5% +33.8% — —
Neogen ChemicalsNEOGEN · listed 08 May 2019 26 Apr ₹133 Cr ₹215 30.5x 114x 16.1x 41.2x +16.7% +22.6% +22.6% — —
Polycab IndiaPOLYCAB · listed 16 Apr 2019 09 Apr ₹1,353 Cr ₹538 92.4x 110x 4.65x 52.0x +17.7% +24.1% +21.7% — —
Metropolis HealthcareMETROPOLIS · listed 15 Apr 2019 05 Apr — ₹880 — — — — +8.9% +11.7% +9.1% — —
Rail Vikas NigamRVNL · listed 11 Apr 2019 03 Apr ₹842 Cr ₹19.0 1.36x 0.80x 2.93x 1.83x 0.0% +4.2% +0.3% — —
MSTCMSTCLTD · listed 29 Mar 2019 20 Mar — ₹120 — — — — -4.2% 0.0% -5.0% — —
Chalet HotelsCHALET · listed 07 Feb 2019 31 Jan ₹1,649 Cr ₹280 4.66x 1.10x 0.03x 1.57x +5.0% +7.1% +4.2% — —
Xelpmoc Design and TechXELPMOC · listed 04 Feb 2019 25 Jan ₹24.5 Cr ₹66.0 1.24x 7.69x 2.64x 3.25x -13.6% -9.3% -9.3% — —

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.

2019 listings by QIB demand

QIB subscriptionIPOsAvg listing gainMedianAt a premiumMedian day high
1x to 10x5-3.4%0.0%40%+2.5%
10x to 50x1+16.7%+16.7%100%+22.6%
50x to 150x5+47.5%+41.0%100%+57.3%
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.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI