Over the years, several Indian IPOs have given astonishing listing gains of more than 100%. From Religare Enterprises to Vishal Retail in 2007, to many SME IPOs in 2023, and major public issues in 2024, several have delivered more than 100% listing gains, allowing investors to earn amazing gains from the first day of trading onwards. Following are some of the examples highlighting some of the biggest reported listing gains in the Indian IPO market.
Indian IPOs With More Than 100% Listing Gains
| Year | IPO Company | Issue Price | Listing Price | Reported Listing Gain |
| 2007 | Religare Enterprises | 185 | 521.70 | 182.0% |
| 2007 | Vishal Retail | 270 | 752.20 | 178.6% |
| 2007 | Nitin Fire Protection | 190 | 484.10 | 154.8% |
| 2008 | Aishwarya Telecom | 35 | 90.85 | 159.6% |
| 2021 | Sigachi Industries | 163 | 575 | 252.8% |
| 2021 | Paras Defence | 175 | 475 | 171.4% |
| 2023 | Goyal Salt | 38 | 136.10 (close) | 258.2% |
| 2023 | Sungarner Energies | 83 | 262.35 (close) | 216.1% |
| 2023 | Trident Techlabs | 83 | 262.35 (close) | 216.1% |
| 2023 | Trident Techlabs | 35 | 103.05 (close) | 194.4% |
| 2023 | Basilic Fly Studio | 97 | 284.60 (close) | 193.4% |
| 2023 | Oriana Power | 118 | 317.10 (close) | 168.7% |
| 2023 | Anlon Technology Solutions | 100 | 263.70 (close) | 163.7% |
| 2023 | CPS Shapers | 185 | 472.50 (close) | 155.4% |
| 2023 | Srivari Spices and Foods | 42 | 106.55 (close) | 153.7% |
| 2023 | Infollion Research Services | 82 | 198.55 (close) | 142.1% |
| 2024 | Vibhor Steel Tubes | 151 | 425 (open) | 181.5% |
| 2024 | Mamata Machinery | 243 | 600 (open) | 146.9% |
| 2024 | BLS E-Services | 135 | 305 (open) | 125.9% |
| 2024 | Bajaj Housing Finance | 70 | 150 (open) | 114.3% |
| 2024 | Premier Energies | 450 | 990 (open) | 120.0% |
| 2024 | KRN Heat Exchanger | 220 | Approx.480 (open) | Approx. 118% |
Important Points to Consider
- Listing price basis: The figures shown in this article may use the listing-day opening price or closing price, depending on the source.
- Selected examples: This is only a selection of historical examples, not a complete list of every Indian IPO that delivered more than 100% listing gains between 2007 and 2024.
- Verification required: The reported figures shown are taken from the given reference image. Maybe some historical prices and gains require independent verification before publication.
- No guarantee of future returns: Historical listing gains do not guarantee similar performance from future IPOs. Moreover, listing prices can fluctuate, and investors may also face losses.
Disclaimer: This article is for informational and educational purposes only. Verify the figures against official exchange records and reliable historical sources before using them for investment decisions.
