BofA Securities India: IPO Track Record
Mostly large issues (median INR 5,292.36 crore). Only 8.33% of its IPOs closed below the issue price on listing day, and since 2025, 8 of 9 have opened above it.
Listed IPOs
24
24 mainboard
Amount raised
INR 1,71,509.09 crore
2021 to 2026
Median gain at open
+13.62%
listing day, vs issue price
Median gain at close
+18.18%
listing day, vs issue price
Opened above issue price
79.17%
share of listings
Closed below issue price
8.33%
on listing day
Median subscription
19.78x
total, final day
Vs same-year IPOs
+3.60
percentage points; median gap at open
Best listing: Tata Technologies (+140% at open, 30 November 2023). Weakest: LIC (-8.11% at open, 17 May 2022).
An IPO with several lead managers counts towards each of them.
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 5 | +21.36% | +26.68% | 100% | 41.66x |
| 2025 | 4 | +16.46% | +16.54% | 75% | 27.93x |
| 2024 | 4 | +23.84% | +33.02% | 75% | 8.24x |
| 2023 | 1 | +140% | +162.60% | 100% | 69.43x |
| 2022 | 4 | +0.19% | +13.38% | 50% | 10.16x |
| 2021 | 6 | +9.29% | +3.31% | 83.33% | 22.43x |
All 24 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Paras Healthcare | 28 October 2026 | Mainboard | 693 | 1,450 | 2.34x | 720 | 735.60 | +3.90% | +6.15% |
| Jio Platforms | 28 October 2026 | Mainboard | 1,119 | 30,187.65 | 22.19x | 1,358 | 1,417.50 | +21.36% | +26.68% |
| Moneyview | 1 October 2026 | Mainboard | 34 | 1,091.68 | 101.87x | 55 | 53.88 | +61.76% | +58.47% |
| Shiprocket | 19 August 2026 | Mainboard | 97 | 1,617.49 | 102.27x | 131 | 143.45 | +35.05% | +47.89% |
| SBI Funds Management | 21 July 2026 | Mainboard | 574 | 9,795.32 | 41.66x | 613.30 | 609.75 | +6.85% | +6.23% |
| ICICI Prudential AMC | 19 December 2025 | Mainboard | 2,165 | 10,602.65 | 39.17x | 2,600 | 2,585.90 | +20.09% | +19.44% |
| LG Electronics India | 14 October 2025 | Mainboard | 1,140 | 11,604.73 | 54.02x | 1,710.10 | 1,689.90 | +50.01% | +48.24% |
| HDB Financial Services | 2 July 2025 | Mainboard | 740 | 12,500 | 16.69x | 835 | 840.95 | +12.84% | +13.64% |
| Schloss Bangalore | 2 June 2025 | Mainboard | 435 | 3,500 | 4.50x | 406 | 435.55 | -6.67% | +0.13% |
| Swiggy | 13 November 2024 | Mainboard | 390 | 11,327.43 | 3.59x | 420 | 456 | +7.69% | +16.92% |
| Bajaj Housing Finance | 16 September 2024 | Mainboard | 70 | 6,560 | 63.61x | 150 | 165 | +114.29% | +135.71% |
| Brainbees Solutions | 13 August 2024 | Mainboard | 465 | 4,193.73 | 12.22x | 651 | 679.10 | +40% | +46.04% |
| OLA Electric | 9 August 2024 | Mainboard | 76 | 6,145.56 | 4.26x | 76 | 91.20 | 0% | +20% |
| Tata Technologies | 30 November 2023 | Mainboard | 500 | 3,042.51 | 69.43x | 1,200 | 1,313 | +140% | +162.60% |
| Delhivery | 24 May 2022 | Mainboard | 487 | 5,235 | 1.63x | 495.20 | 536.35 | +1.68% | +10.13% |
| LIC | 17 May 2022 | Mainboard | 949 | 20,557.23 | 2.95x | 872 | 875.25 | -8.11% | -7.77% |
| Campus Shoes | 9 May 2022 | Mainboard | 292 | 1,399.60 | 51.75x | 360 | 378.90 | +23.29% | +29.76% |
| Adani Wilmar | 8 February 2022 | Mainboard | 230 | 3,600 | 17.37x | 227 | 268.25 | -1.30% | +16.63% |
| Star Health | 10 December 2021 | Mainboard | 900 | 6,018.68 | 0.79x | 845 | 906.85 | -6.11% | +0.76% |
| Sapphire Foods | 18 November 2021 | Mainboard | 1,180 | 2,073.25 | 6.62x | 1,350 | 1,211.55 | +14.41% | +2.67% |
| FSN E-commerce (Nykaa) | 10 November 2021 | Mainboard | 1,125 | 5,349.72 | 81.78x | 2,018 | 2,205.80 | +79.38% | +96.07% |
| Aditya Birla AMC | 11 October 2021 | Mainboard | 712 | 2,768.26 | 5.25x | 715 | 699.45 | +0.42% | -1.76% |
| Glenmark Life Sciences | 6 August 2021 | Mainboard | 720 | 1,513.60 | 44.17x | 750 | 748.50 | +4.17% | +3.96% |
| Zomato | 23 July 2021 | Mainboard | 76 | 9,375 | 38.25x | 116 | 126 | +52.63% | +65.79% |