3-Year IPO Performance Tracker & Community Arena

Indian IPO Arena & Performance Hub

Comprehensive tracker of 32+ Mainboard, Midcap, and Smallcap IPOs across 2023–2026. Compare issue price vs listing day price vs current market price, verify grey market premiums (GMP), and participate in authentic trader discussions.

Tracked IPOs (3 Yrs)
32+ Issues
2023 - 2026 Pipeline
Avg Listing Day Gain
+45.5%
Across All Segments
Top Performer
IREDA +512%
6.1x Return from ₹32 Issue
Multi-baggers (100%+)
12 Listed Giants
Netweb, Premier, Signature
Sort by:
IREDA
IREDA(2023)
Mainboard
ListedMulti-bagger

Indian Renewable Energy Development Agency Limited

Green Energy Financing & Navratna NBFC

The crown jewel of Indian green finance. Granted Navratna status by the Ministry of Power, IREDA finances India's giga-scale solar, wind, green hydrogen, and pumped storage battery projects with loan book exceeding ₹65,000 Cr.

Issue → Listing:₹32 → ₹50
Current Market Price:₹196
Listing Day Gain:+56.3%
Total Gain / Loss:+512.5%(6.1x)
Size: ₹2,150 CrSubscribed: 38.80x
NETWEB
NETWEB(2023)
Midcap
ListedMulti-bagger

Netweb Technologies India Limited

AI Supercomputing & High Performance Computing

India's premier high-end computing solutions provider. Elite OEM partner of NVIDIA for AI GPU servers (Grace Hopper GH200), supercomputers, private cloud infrastructure, and enterprise data centers.

Issue → Listing:₹500 → ₹942
Current Market Price:₹2680
Listing Day Gain:+88.4%
Total Gain / Loss:+436%(5.4x)
Size: ₹631 CrSubscribed: 90.36x
SIG
SIGNATURE(2023)
Midcap
ListedMulti-bagger

Signatureglobal (India) Limited

Real Estate & Residential Development

Leading residential real estate developer in the National Capital Region (NCR) focused on high-growth Gurugram corridors like Dwarka Expressway and Southern Peripheral Road (SPR).

Issue → Listing:₹385 → ₹445
Current Market Price:₹1410
Listing Day Gain:+15.6%
Total Gain / Loss:+266.2%(3.7x)
Size: ₹730 CrSubscribed: 12.49x
KRN
KRN(2024)
Smallcap
ListedMulti-bagger

KRN Heat Exchanger and Refrigeration Limited

HVAC & Heat Exchanger Engineering

Specialized manufacturer of fin and tube copper and aluminum heat exchangers and condensing coils for Daikin, Voltas, and data center cooling applications. Listed with 214x subscription.

Issue → Listing:₹220 → ₹470
Current Market Price:₹785
Listing Day Gain:+113.6%
Total Gain / Loss:+256.8%(3.6x)
Size: ₹342 CrSubscribed: 214.42x
JYO
JYOTICNC(2024)
Midcap
ListedMulti-bagger

Jyoti CNC Automation Limited

Industrial Machinery & Aerospace CNC

Leading manufacturer of simultaneous 5-axis CNC machines in India with French aerospace subsidiary Huron Graffenstaden. Supplying ISRO, HAL, Boeing, and auto engine makers.

Issue → Listing:₹331 → ₹370
Current Market Price:₹1180
Listing Day Gain:+11.8%
Total Gain / Loss:+256.5%(3.6x)
Size: ₹1,000 CrSubscribed: 38.53x
EMS
EMS(2023)
Smallcap
ListedMulti-bagger

EMS Limited

Water & Wastewater Infrastructure (STP)

Turnkey engineering solutions provider for sewerage treatment plants (STPs), water supply systems, and electrical transmission under Namami Gange and Jal Jeevan Mission.

Issue → Listing:₹211 → ₹282
Current Market Price:₹725
Listing Day Gain:+33.6%
Total Gain / Loss:+243.6%(3.4x)
Size: ₹321 CrSubscribed: 75.28x
CON
CONCORD(2023)
Midcap
ListedMulti-bagger

Concord Biotech Limited

Biotech & Immunosuppressant APIs

Global research leader in fermentation-based Active Pharmaceutical Ingredients (APIs) with commanding 20%+ global market share in immunosuppressants used in organ transplants, backed by Rare Enterprises.

Issue → Listing:₹741 → ₹900
Current Market Price:₹2120
Listing Day Gain:+21.5%
Total Gain / Loss:+186.1%(2.9x)
Size: ₹1,551 CrSubscribed: 24.87x
JSW
JSWINFRA(2023)
Mainboard
ListedMulti-bagger

JSW Infrastructure Limited

Ports & Marine Logistics

Second largest commercial port operator in India. Operating 10 concessions with 170 MTPA handling capacity across east and west coasts, benefitting from India's maritime cargo expansion.

Issue → Listing:₹119 → ₹143
Current Market Price:₹318
Listing Day Gain:+20.2%
Total Gain / Loss:+167.2%(2.7x)
Size: ₹2,800 CrSubscribed: 37.37x
CYIENT
CYIENTDLM(2023)
Smallcap
ListedMulti-bagger

Cyient DLM Limited

Aerospace & Defense Electronics (EMS)

Electronic manufacturing services (EMS) specialist focused on high-reliability avionics, cockpit displays, defense communication systems, and medical diagnostics equipment.

Issue → Listing:₹265 → ₹403
Current Market Price:₹692
Listing Day Gain:+52.1%
Total Gain / Loss:+161.1%(2.6x)
Size: ₹592 CrSubscribed: 67.31x
PREMIER
PREMIERENE(2024)
Midcap
ListedMulti-bagger

Premier Energies Limited

Solar Cells & Green Energy

India's second largest integrated solar cell and module maker. High-tech TOPCon cell manufacturing line with 2.8 GW cell capacity and 4.1 GW module lines, supplying tier-1 IPP developers.

Issue → Listing:₹450 → ₹991
Current Market Price:₹1125
Listing Day Gain:+120.2%
Total Gain / Loss:+150%(2.5x)
Size: ₹2,830 CrSubscribed: 74.38x
HEXA
BHARTIHEXA(2024)
Mainboard
ListedMulti-bagger

Bharti Hexacom Limited

Telecom & Digital Services

Subsidiary of Bharti Airtel providing high-margin mobile, broadband, and enterprise connectivity across Rajasthan and North-East India telecom circles, boasting industry-leading ARPU above ₹205.

Issue → Listing:₹570 → ₹755
Current Market Price:₹1360
Listing Day Gain:+32.5%
Total Gain / Loss:+138.6%(2.4x)
Size: ₹4,275 CrSubscribed: 29.88x
MANKIND
MANKIND(2023)
Mainboard
ListedMulti-bagger

Mankind Pharma Limited

Pharmaceuticals & Consumer Healthcare

Domestic formulation titan with unmatched Tier-2 to Tier-4 penetration. Household OTC brands include Manforce, Prega News, Gas-O-Fast, plus recent ₹13,630 Cr acquisition of Bharat Serums and Vaccines.

Issue → Listing:₹1080 → ₹1300
Current Market Price:₹2480
Listing Day Gain:+20.4%
Total Gain / Loss:+129.6%(2.3x)
Size: ₹4,326 CrSubscribed: 15.32x
WAAREE
WAAREE(2024)
Mainboard
Listed

Waaree Energies Limited

Solar & Clean Energy

India's largest solar PV module manufacturer with 13.3 GW operating capacity. Aggressively expanding backward integration into 5.4 GW solar cell manufacturing in Chikhli, Gujarat and setting up 3 GW US module plant under the IRA incentive framework.

Issue → Listing:₹1503 → ₹2550
Current Market Price:₹2980
Listing Day Gain:+69.7%
Total Gain / Loss:+98.3%
Size: ₹4,321 CrSubscribed: 76.34x
BHFL
BAJAJHFL(2024)
Mainboard
Listed

Bajaj Housing Finance Limited

Housing Finance & NBFC

Non-deposit taking housing finance giant backed by the legendary Bajaj Group. Exceptional asset quality with Gross NPA under 0.28% and loan assets (AUM) exceeding ₹97,000 Cr focused on salaried prime home buyers.

Issue → Listing:₹70 → ₹150
Current Market Price:₹134
Listing Day Gain:+114.3%
Total Gain / Loss:+91.4%
Size: ₹6,560 CrSubscribed: 63.61x
T-TECH
TATATECH(2023)
Mainboard
Listed

Tata Technologies Limited

Automotive Engineering & Digital ER&D

First Tata Group IPO in almost two decades. Global engineering services and digital product development leader catering to automotive, aerospace, and industrial heavy machinery clients worldwide.

Issue → Listing:₹500 → ₹1200
Current Market Price:₹928
Listing Day Gain:+140%
Total Gain / Loss:+85.6%
Size: ₹3,042 CrSubscribed: 69.43x
UTK
UTKARSHBNK(2023)
Smallcap
Listed

Utkarsh Small Finance Bank Limited

Small Finance Banking & Microfinance

Varanasi-headquartered small finance bank with dense branch network across Uttar Pradesh, Bihar, and Jharkhand providing micro-banking, MSME credit, and retail deposits.

Issue → Listing:₹25 → ₹40
Current Market Price:₹44
Listing Day Gain:+60%
Total Gain / Loss:+76%
Size: ₹500 CrSubscribed: 101.91x
AER
AEROFLEX(2023)
Smallcap
Listed

Aeroflex Industries Limited

Stainless Steel Corrugated Hoses & Cryogenics

Manufacturer of metallic flexible corrugated hoses and assemblies supplying aerospace, cryogenic gas transfer, and solar thermal energy sectors with 80%+ export share across 80+ countries.

Issue → Listing:₹108 → ₹197
Current Market Price:₹168
Listing Day Gain:+82.4%
Total Gain / Loss:+55.6%
Size: ₹351 CrSubscribed: 97.11x
RRK
RRKABEL(2023)
Mainboard
Listed

RR Kabel Limited

Wires, Cables & Fast Moving Electrical Goods (FMEG)

Fifth largest wires and cables manufacturer in India with top position in exports. Expanding high-margin fire-resistant halogen-free wires and consumer appliances.

Issue → Listing:₹1035 → ₹1179
Current Market Price:₹1590
Listing Day Gain:+13.9%
Total Gain / Loss:+53.6%
Size: ₹1,964 CrSubscribed: 18.69x
EMC
EMCURE(2024)
Mainboard
Listed

Emcure Pharmaceuticals Limited

Pharmaceuticals & Biotechnology

Pune-based research pharmaceutical powerhouse led by Shark Tank judge Namita Thapar. Undisputed leadership in gynecology, cardiovascular, and HIV therapeutics with extensive presence in Europe and Canada.

Issue → Listing:₹1008 → ₹1325
Current Market Price:₹1385
Listing Day Gain:+31.4%
Total Gain / Loss:+37.4%
Size: ₹1,952 CrSubscribed: 67.87x
1STCRY
FIRSTCRY(2024)
Mainboard
Listed

Brainbees Solutions Limited (FirstCry)

Mother & Child Retail & E-Commerce

India's undisputed market leader in maternal, baby, and kids retail products across online and 1,000+ offline stores, with expanding high-margin private labels (Babyhug, Pine Kids) and Middle East presence.

Issue → Listing:₹465 → ₹651
Current Market Price:₹595
Listing Day Gain:+40%
Total Gain / Loss:+28%
Size: ₹4,194 CrSubscribed: 12.22x
NTPC-G
NTPCGREEN(2024)
Mainboard
Listed

NTPC Green Energy Limited

Renewable Power Utility

Renewable energy vehicle of Maharatna PSU giant NTPC Ltd. Target of 60 GW operational solar and wind portfolio by 2032 with sovereign-backed power purchase agreements (PPAs) ensuring guaranteed 25-year cash flows.

Issue → Listing:₹108 → ₹122
Current Market Price:₹136
Listing Day Gain:+13%
Total Gain / Loss:+25.9%
Size: ₹10,000 CrSubscribed: 2.42x
SWIGGY
SWIGGY(2024)
Mainboard
Listed

Swiggy Limited

Quick Commerce & Consumer Internet

Pioneering Indian convenience platform operating food delivery, Instamart quick commerce, Dineout, and Genie. Accelerating dark store network expansion across metro and tier-2 clusters.

Issue → Listing:₹390 → ₹420
Current Market Price:₹488
Listing Day Gain:+7.7%
Total Gain / Loss:+25.1%
Size: ₹11,327 CrSubscribed: 3.59x
CELLO
CELLO(2023)
Mainboard
Listed

Cello World Limited

Consumer Houseware & Glassware

Household brand giant in glassware, opalware, insulated water bottles, writing instruments, and modular furniture with pan-India distribution across 158,000+ retail outlets.

Issue → Listing:₹648 → ₹831
Current Market Price:₹790
Listing Day Gain:+28.2%
Total Gain / Loss:+21.9%
Size: ₹1,900 CrSubscribed: 38.90x
ATHER
ATHER(2026)
Mainboard
Upcoming

Ather Energy Limited

Electric Vehicles & Fast Charging Grid

Pioneering Indian premium EV scooter maker backed by Hero MotoCorp and GIC Singapore. Operates India's most reliable Ather Grid fast charging network with its flagship Rizta family scooter and 450X line.

Price Band:₹320 - ₹340 (Expected)
Issue Size:₹4,500 Cr
Estimated GMP:₹60 (+18.2%)
Size: ₹4,500 CrSubscribed: Pending
T-PLAY
TATAPLAY(2026)
Mainboard
Upcoming

Tata Play Limited

Media, DTH & OTT Aggregation

Leading Indian content distribution platform. Joint venture between Tata Sons and The Walt Disney Company, pioneering the Tata Play Binge hybrid DTH + OTT aggregation ecosystem.

Price Band:₹410 - ₹430 (Expected)
Issue Size:₹2,500 Cr
Estimated GMP:₹45 (+10.5%)
Size: ₹2,500 CrSubscribed: Pending
HDB
HDBFS(2026)
Mainboard
Upcoming

HDB Financial Services Limited

Retail NBFC & Micro Lending

High-yield non-banking financial subsidiary of HDFC Bank (holding 94.6%). One of India's largest upper-layer NBFCs offering enterprise loans, asset finance, and consumer durables credit.

Price Band:₹700 - ₹740 (Expected)
Issue Size:₹12,500 Cr
Estimated GMP:₹110 (+15.2%)
Size: ₹12,500 CrSubscribed: Pending
NSD
NSDL(2026)
Mainboard
Upcoming

National Securities Depository Limited

Capital Markets Infrastructure & Depository

India's pioneer securities depository managing over ₹350 Lakh Crore in active demat asset custody value. Monopolistic duopoly with CDSL in Indian equity settlement infrastructure.

Price Band:₹650 - ₹690 (Expected)
Issue Size:₹3,000 Cr
Estimated GMP:₹140 (+20.5%)
Size: ₹3,000 CrSubscribed: Pending
AFC
AFCONS(2024)
Mainboard
Listed

Afcons Infrastructure Limited

Heavy EPC & Marine Infrastructure

Engineering and construction arm of the Shapoorji Pallonji Group. Renowned for landmark complex projects like Chenab Railway Bridge, Atal Tunnel, and Maldives Greater Male Connectivity bridge.

Issue → Listing:₹463 → ₹430
Current Market Price:₹448
Listing Day Gain:-7.1%
Total Gain / Loss:-3.2%
Size: ₹5,430 CrSubscribed: 2.63x
IDEA
IDEAFORGE(2023)
Smallcap
Listed

Ideaforge Technology Limited

Defense Drones & UAV Systems

Pioneer of indigenous unmanned aerial vehicles (UAVs) in India. Maker of Switch, Netra, and Q6 tactical drones deployed by Indian Army, ITBP, and survey agencies.

Issue → Listing:₹672 → ₹1305
Current Market Price:₹645
Listing Day Gain:+94.2%
Total Gain / Loss:-4%
Size: ₹567 CrSubscribed: 106.06x
HYUNDAI
HYUNDAI(2024)
Mainboard
Listed

Hyundai Motor India Limited

Automotive & Mobility

India's largest IPO in history. Hyundai Motor India is the nation's second-largest passenger vehicle manufacturer, commanding strong market share in Creta, Venue, and premium SUVs with high export volumes to Middle East and Latin America.

Issue → Listing:₹1960 → ₹1934
Current Market Price:₹1785
Listing Day Gain:-1.3%
Total Gain / Loss:-8.9%
Size: ₹27,870 CrSubscribed: 2.37x
OLA
OLAELEC(2024)
Mainboard
Listed

Ola Electric Mobility Limited

Electric Vehicles & Battery Tech

India's highest volume electric two-wheeler manufacturer. Building the Futurefactory in Krishnagiri, Tamil Nadu and developing indigenous 4680 battery cells to localize supply chains.

Issue → Listing:₹76 → ₹76
Current Market Price:₹67
Listing Day Gain:+0%
Total Gain / Loss:-11.8%
Size: ₹6,145 CrSubscribed: 4.27x
MAMA
HONASA(2023)
Mainboard
Listed

Honasa Consumer Limited (Mamaearth)

Beauty & Personal Care D2C

Digital-first beauty company operating Mamaearth, The Derma Co, Aqualogica, and Dr. Sheth's. Undergoing channel transition from distributor inventory models to direct super-stockists.

Issue → Listing:₹324 → ₹330
Current Market Price:₹282
Listing Day Gain:+1.9%
Total Gain / Loss:-13%
Size: ₹1,701 CrSubscribed: 7.61x