IIFL Capital Services: IPO Track Record
Formerly IIFL Holdings Limited; IIFL Securities Limited. Figures cover IPOs under both names.
Figures include IPOs under the IIFL Securities and IIFL Holdings names. A median gain at open of 6.03% across 54 IPOs since 2025, against 7.60% across 75 before.
Listed IPOs
129
129 mainboard
Amount raised
INR 2,76,360.21 crore
2018 to 2026
Median gain at open
+6.59%
listing day, vs issue price
Median gain at close
+9.54%
listing day, vs issue price
Opened above issue price
68.22%
share of listings
Closed below issue price
31.78%
on listing day
Median subscription
16.69x
total, final day
Vs same-year IPOs
-2.07
percentage points; median gap at open
Best listing: Unicommerce eSolutions (+117.59% at open, 13 August 2024). Weakest: ICICI Securities (-16.35% at open, 4 April 2018).
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 | 27 | +6.59% | +5.42% | 66.67% | 30.22x |
| 2025 | 27 | +5.30% | +5.61% | 62.96% | 22.19x |
| 2024 | 16 | +12.46% | +12.57% | 93.75% | 21.02x |
| 2023 | 14 | +8.56% | +11.54% | 64.29% | 30x |
| 2022 | 12 | +6.61% | +6.81% | 83.33% | 7.69x |
| 2021 | 22 | +3.53% | +3.06% | 59.09% | 10.62x |
| 2020 | 2 | +33.92% | +52.85% | 50% | 99.98x |
| 2019 | 5 | +17.66% | +21.71% | 60% | 51.88x |
| 2018 | 4 | -1.31% | +3.65% | 50% | 2.88x |
All 129 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Jio Platforms | 28 October 2026 | Mainboard | 1,119 | 30,187.65 | 22.19x | 1,358 | 1,417.50 | +21.36% | +26.68% |
| Tonbo Imaging | 23 October 2026 | Mainboard | 700 | 852.09 | 135.90x | 1,160 | 1,133.80 | +65.71% | +61.97% |
| Fusion CX | 22 October 2026 | Mainboard | 289 | 702 | 4.68x | 305 | 289.65 | +5.54% | +0.22% |
| HD Fire Protect | 21 October 2026 | Mainboard | 271 | 712.13 | 131.70x | 335 | 306.75 | +23.62% | +13.19% |
| Orient Cables | 5 October 2026 | Mainboard | 272 | 552 | 97.28x | 450 | 405 | +65.44% | +48.90% |
| AceVector | 5 October 2026 | Mainboard | 32 | 420 | 5.07x | 28.32 | 26.08 | -11.50% | -18.50% |
| Moneyview | 1 October 2026 | Mainboard | 34 | 1,091.68 | 101.87x | 55 | 53.88 | +61.76% | +58.47% |
| Elevate Campuses | 30 September 2026 | Mainboard | 362 | 2,100 | 1.89x | 355.10 | 322.95 | -1.91% | -10.79% |
| National Stock Exchange | 24 September 2026 | Mainboard | 1,785 | 22,561.57 | 5.71x | 1,800 | 1,818 | +0.84% | +1.85% |
| Rentomojo | 17 September 2026 | Mainboard | 404 | 1,255.57 | 72.88x | 482.45 | 534.25 | +19.42% | +32.24% |
| Manipal Payment | 17 September 2026 | Mainboard | 339 | 805 | 1.42x | 330 | 345.15 | -2.65% | +1.81% |
| Karamtara Engineering | 17 September 2026 | Mainboard | 254 | 875 | 66.01x | 320 | 352 | +25.98% | +38.58% |
| ARCIL | 17 September 2026 | Mainboard | 139 | 732.97 | 20.10x | 139 | 137.02 | 0% | -1.42% |
| Kanohar Electricals | 16 September 2026 | Mainboard | 632 | 1,055.74 | 90.59x | 685.50 | 751.50 | +8.47% | +18.91% |
| Glass Wall Systems | 16 September 2026 | Mainboard | 182 | 427.89 | 81.65x | 194 | 214.85 | +6.59% | +18.05% |
| Purple Style Labs | 7 September 2026 | Mainboard | 575 | 680 | 1.36x | 535 | 568.55 | -6.96% | -1.12% |
| Gaja Alternative | 26 August 2026 | Mainboard | 160 | 550 | 32.98x | 185 | 168.67 | +15.62% | +5.42% |
| Horizon Industrial Parks | 24 August 2026 | Mainboard | 60 | 2,600 | 1.52x | 60.25 | 58.16 | +0.42% | -3.07% |
| Milky Mist | 18 August 2026 | Mainboard | 140 | 1,553 | 59.07x | 165 | 181.50 | +17.86% | +29.64% |
| Molbio Diagnostics | 17 August 2026 | Mainboard | 807 | 939.70 | 70.26x | 980 | 1,041.70 | +21.44% | +29.08% |
| LEAP India | 14 August 2026 | Mainboard | 159 | 2,480 | 8.38x | 165.90 | 144.93 | +4.34% | -8.85% |
| Laser Power | 16 July 2026 | Mainboard | 214 | 742 | 38.94x | 250 | 262.42 | +16.82% | +22.63% |
| Kusumgar | 15 July 2026 | Mainboard | 419 | 650 | 128.82x | 569 | 602.80 | +35.80% | +43.87% |
| Powerica | 2 April 2026 | Mainboard | 395 | 1,100 | 1.45x | 366 | 390 | -7.34% | -1.27% |
| Clean Max Enviro Energy | 2 March 2026 | Mainboard | 1,053 | 3,083.83 | 0.94x | 960 | 867.50 | -8.83% | -17.62% |
| Aye Finance | 16 February 2026 | Mainboard | 129 | 1,010 | 0.97x | 129 | 128.91 | 0% | -0.07% |
| Amagi Media Labs | 21 January 2026 | Mainboard | 361 | 1,788.62 | 30.22x | 318 | 348.25 | -11.91% | -3.53% |
| ICICI Prudential AMC | 19 December 2025 | Mainboard | 2,165 | 10,602.65 | 39.17x | 2,600 | 2,585.90 | +20.09% | +19.44% |
| Nephrocare Health Services | 17 December 2025 | Mainboard | 460 | 871.05 | 13.96x | 490 | 471.25 | +6.52% | +2.45% |
| Wakefit Innovations | 15 December 2025 | Mainboard | 195 | 1,288.89 | 2.52x | 195 | 192.29 | 0% | -1.39% |
| Corona Remedies | 15 December 2025 | Mainboard | 1,062 | 655.37 | 137.04x | 1,470 | 1,438.40 | +38.42% | +35.44% |
| Aequs | 10 December 2025 | Mainboard | 124 | 921.81 | 101.63x | 140 | 151.29 | +12.90% | +22.01% |
| Sudeep Pharma | 28 November 2025 | Mainboard | 593 | 895 | 93.71x | 730 | 774.15 | +23.10% | +30.55% |
| Capillary Technologies | 21 November 2025 | Mainboard | 577 | 877.50 | 52.95x | 571.90 | 606.50 | -0.88% | +5.11% |
| Emmvee Photovoltaic Power | 18 November 2025 | Mainboard | 217 | 2,900 | 0.97x | 217 | 219.40 | 0% | +1.11% |
| Studds Accessories | 7 November 2025 | Mainboard | 585 | 455.49 | 73.25x | 565 | 560.30 | -3.42% | -4.22% |
| Rubicon Research | 16 October 2025 | Mainboard | 485 | 1,377.50 | 103.89x | 620 | 628.20 | +27.84% | +29.53% |
| Tata Capital | 13 October 2025 | Mainboard | 326 | 15,511.87 | 1.95x | 330 | 330.50 | +1.23% | +1.38% |
| Seshaasai Technologies | 30 September 2025 | Mainboard | 423 | 813.07 | 68.13x | 432 | 411.45 | +2.13% | -2.73% |
| Ganesh Consumer Products | 29 September 2025 | Mainboard | 322 | 408.80 | 2.67x | 296.05 | 294.30 | -8.06% | -8.60% |
| GK Energy | 26 September 2025 | Mainboard | 153 | 464.26 | 89.62x | 171 | 167.74 | +11.76% | +9.63% |
| iValue Infosolutions | 25 September 2025 | Mainboard | 299 | 560.30 | 1.82x | 284.95 | 281.85 | -4.70% | -5.74% |
| BlueStone Jewellery | 19 August 2025 | Mainboard | 517 | 1,540.65 | 2.70x | 510 | 546 | -1.35% | +5.61% |
| Aditya Infotech | 5 August 2025 | Mainboard | 675 | 1,300 | 100.69x | 1,015 | 1,082.65 | +50.37% | +60.39% |
| GNG Electronics | 30 July 2025 | Mainboard | 237 | 460.44 | 147.93x | 355 | 333.39 | +49.79% | +40.67% |
| Smartworks Coworking Spaces | 17 July 2025 | Mainboard | 407 | 582.88 | 13.45x | 435 | 445.05 | +6.88% | +9.35% |
| HDB Financial Services | 2 July 2025 | Mainboard | 740 | 12,500 | 16.69x | 835 | 840.95 | +12.84% | +13.64% |
| Ellenbarrie Industrial Gases | 1 July 2025 | Mainboard | 400 | 852.53 | 22.19x | 486 | 534.60 | +21.50% | +33.65% |
| ArisInfra Solutions | 25 June 2025 | Mainboard | 222 | 499.60 | 2.65x | 205 | 174.38 | -7.66% | -21.45% |
| Oswal Pumps | 20 June 2025 | Mainboard | 614 | 1,387.34 | 34.42x | 634 | 625.35 | +3.26% | +1.85% |
| Schloss Bangalore | 2 June 2025 | Mainboard | 435 | 3,500 | 4.50x | 406 | 435.55 | -6.67% | +0.13% |
| Aegis Vopak Terminals | 2 June 2025 | Mainboard | 235 | 2,800 | 2.09x | 220 | 242 | -6.38% | +2.98% |
| Hexaware Technologies | 19 February 2025 | Mainboard | 708 | 8,750 | 2.66x | 745.50 | 762.55 | +5.30% | +7.70% |
| Standard Glass Lining | 13 January 2025 | Mainboard | 140 | 410.05 | 183.18x | 172 | 163.28 | +22.86% | +16.63% |
| Ventive Hospitality | 30 December 2024 | Mainboard | 643 | 1,600 | 9.80x | 716 | 704.35 | +11.35% | +9.54% |
| Sai Life Sciences | 18 December 2024 | Mainboard | 549 | 3,042.62 | 10.26x | 650 | 764.65 | +18.40% | +39.28% |
| NTPC Green Energy | 27 November 2024 | Mainboard | 108 | 10,000 | 2.42x | 111.50 | 121.65 | +3.24% | +12.64% |
| Zinka Logistics | 22 November 2024 | Mainboard | 273 | 1,114.72 | 1.86x | 280.90 | 260.05 | +2.89% | -4.74% |
| Sagility India | 12 November 2024 | Mainboard | 30 | 2,106.40 | 3.20x | 31.06 | 29.32 | +3.53% | -2.27% |
| Waaree Energies | 28 October 2024 | Mainboard | 1,503 | 4,321.44 | 76.34x | 2,500 | 2,338.90 | +66.33% | +55.62% |
| Bajaj Housing Finance | 16 September 2024 | Mainboard | 70 | 6,560 | 63.61x | 150 | 165 | +114.29% | +135.71% |
| ECOS Mobility | 4 September 2024 | Mainboard | 334 | 601.20 | 64.26x | 390 | 443.15 | +16.77% | +32.68% |
| Unicommerce eSolutions | 13 August 2024 | Mainboard | 108 | 276.57 | 168.35x | 235 | 210.08 | +117.59% | +94.52% |
| Ceigall India | 8 August 2024 | Mainboard | 401 | 1,252.66 | 13.74x | 419 | 386.75 | +4.49% | -3.55% |
| Awfis Space | 30 May 2024 | Mainboard | 383 | 598.93 | 108.15x | 435 | 421.75 | +13.58% | +10.12% |
| Go Digit General Insurance | 23 May 2024 | Mainboard | 272 | 2,614.65 | 9.60x | 286 | 306 | +5.15% | +12.50% |
| JNK India | 30 April 2024 | Mainboard | 415 | 649.47 | 28.04x | 621 | 694.55 | +49.64% | +67.36% |
| Bharti Hexacom | 12 April 2024 | Mainboard | 570 | 4,275 | 29.88x | 755 | 813.30 | +32.46% | +42.68% |
| R K Swamy | 12 March 2024 | Mainboard | 288 | 423.56 | 25.78x | 250 | 262.60 | -13.19% | -8.82% |
| Medi Assist Healthcare | 23 January 2024 | Mainboard | 418 | 1,171.58 | 16.25x | 460 | 464.10 | +10.05% | +11.03% |
| DOMS Industries | 20 December 2023 | Mainboard | 790 | 1,200 | 93.40x | 1,400 | 1,326.05 | +77.22% | +67.85% |
| ASK Automotive | 15 November 2023 | Mainboard | 282 | 833.91 | 51.14x | 303.30 | 310.10 | +7.55% | +9.96% |
| Protean eGov | 13 November 2023 | Mainboard | 792 | 489.95 | 23.86x | 792 | 883 | 0% | +11.49% |
| Cello World | 6 November 2023 | Mainboard | 648 | 1,900 | 38.90x | 829 | 791.70 | +27.93% | +22.18% |
| Updater Services | 4 October 2023 | Mainboard | 300 | 640 | 2.89x | 285 | 283.90 | -5% | -5.37% |
| Yatra Online | 28 September 2023 | Mainboard | 142 | 775 | 1.61x | 127.50 | 135.90 | -10.21% | -4.30% |
| Zaggle Prepaid Ocean Services | 22 September 2023 | Mainboard | 164 | 563.38 | 12.55x | 164 | 158.35 | 0% | -3.45% |
| Yatharth Hospital | 7 August 2023 | Mainboard | 300 | 686.55 | 36.15x | 306.10 | 333.85 | +2.03% | +11.28% |
| Netweb Technologies | 27 July 2023 | Mainboard | 500 | 631 | 90.36x | 947 | 910.40 | +89.40% | +82.08% |
| Senco Gold | 14 July 2023 | Mainboard | 317 | 405 | 73.35x | 430 | 405.30 | +35.65% | +27.85% |
| IdeaForge Technology | 7 July 2023 | Mainboard | 672 | 567.24 | 106.06x | 1,300 | 1,294.95 | +93.45% | +92.70% |
| Mankind Pharma | 9 May 2023 | Mainboard | 1,080 | 4,326.36 | 15.32x | 1,300 | 1,422.30 | +20.37% | +31.69% |
| Avalon Technologies | 18 April 2023 | Mainboard | 436 | 865 | 2.21x | 436 | 398 | 0% | -8.72% |
| Radiant Cash Management | 4 January 2023 | Mainboard | 94 | 264.10 | 0.53x | 103 | 104.90 | +9.57% | +11.60% |
| KFin Technologies | 29 December 2022 | Mainboard | 366 | 1,500 | 2.59x | 367 | 363.85 | +0.27% | -0.59% |
| Sula Vineyards | 22 December 2022 | Mainboard | 357 | 960.35 | 2.33x | 361 | 331.20 | +1.12% | -7.23% |
| Kaynes Technology | 22 November 2022 | Mainboard | 587 | 857.82 | 34.16x | 778 | 689.95 | +32.54% | +17.54% |
| Archean Chemical Industries | 21 November 2022 | Mainboard | 407 | 1,462.30 | 32.23x | 450 | 458.15 | +10.57% | +12.57% |
| Bikaji Foods | 16 November 2022 | Mainboard | 300 | 880.84 | 26.67x | 322.80 | 317.45 | +7.60% | +5.82% |
| Fusion Microfinance | 15 November 2022 | Mainboard | 368 | 1,103.99 | 2.95x | 359.50 | 324.80 | -2.31% | -11.74% |
| Tracxn Technologies | 20 October 2022 | Mainboard | 80 | 309.38 | 2.01x | 84.50 | 93.25 | +5.62% | +16.56% |
| Electronics Mart | 17 October 2022 | Mainboard | 59 | 500 | 71.93x | 90 | 84.50 | +52.54% | +43.22% |
| Syrma SGS | 26 August 2022 | Mainboard | 220 | 840.13 | 32.61x | 260 | 310.50 | +18.18% | +41.14% |
| eMudhra | 1 June 2022 | Mainboard | 256 | 412.79 | 2.72x | 270 | 257.90 | +5.47% | +0.74% |
| Rainbow Hospital | 10 May 2022 | Mainboard | 542 | 1,580.85 | 12.43x | 510 | 450.20 | -5.90% | -16.94% |
| Vedant Fashions | 16 February 2022 | Mainboard | 866 | 3,149.19 | 2.57x | 935 | 933.55 | +7.97% | +7.80% |
| Data Patterns | 24 December 2021 | Mainboard | 585 | 588.22 | 119.62x | 856.05 | 755 | +46.33% | +29.06% |
| Rategain Travel Technologies | 17 December 2021 | Mainboard | 425 | 1,335.74 | 17.41x | 360 | 340.05 | -15.29% | -19.99% |
| Anand Rathi Wealth | 14 December 2021 | Mainboard | 550 | 659.38 | 9.78x | 600 | 583.55 | +9.09% | +6.10% |
| 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% |
| SJS Enterprises | 15 November 2021 | Mainboard | 542 | 800 | 1.59x | 542 | 510.20 | 0% | -5.87% |
| PB Fintech (PolicyBazaar) | 15 November 2021 | Mainboard | 980 | 5,709.71 | 16.59x | 1,150 | 1,202.30 | +17.35% | +22.68% |
| Aditya Birla AMC | 11 October 2021 | Mainboard | 712 | 2,768.26 | 5.25x | 715 | 699.45 | +0.42% | -1.76% |
| Sansera Engineering | 24 September 2021 | Mainboard | 744 | 1,282.52 | 11.47x | 811.50 | 818.55 | +9.07% | +10.02% |
| Chemplast Sanmar | 24 August 2021 | Mainboard | 541 | 3,850 | 2.17x | 550 | 535.60 | +1.66% | -1% |
| Windlas Biotech | 16 August 2021 | Mainboard | 460 | 401.54 | 22.44x | 437 | 407.15 | -5% | -11.49% |
| Krsnaa Diagnostics | 16 August 2021 | Mainboard | 954 | 1,214.60 | 64.38x | 1,005.55 | 987 | +5.40% | +3.46% |
| KIMS | 28 June 2021 | Mainboard | 825 | 2,143.74 | 3.86x | 1,009 | 996.95 | +22.30% | +20.84% |
| Shyam Metalics | 24 June 2021 | Mainboard | 306 | 908.80 | 121.43x | 380 | 376.15 | +24.18% | +22.92% |
| Macrotech Developers (Lodha) | 19 April 2021 | Mainboard | 486 | 2,500 | 1.36x | 436 | 465.25 | -10.29% | -4.27% |
| Barbeque Nation | 7 April 2021 | Mainboard | 500 | 452.87 | 5.98x | 489.85 | 587.80 | -2.03% | +17.56% |
| Nazara Technologies | 30 March 2021 | Mainboard | 1,101 | 582.69 | 175.46x | 1,990 | 1,592 | +80.74% | +44.60% |
| Suryoday Small Finance Bank | 26 March 2021 | Mainboard | 305 | 580.84 | 2.37x | 292 | 277.80 | -4.26% | -8.92% |
| Craftsman Automation | 25 March 2021 | Mainboard | 1,490 | 823.70 | 3.82x | 1,359 | 1,435.60 | -8.79% | -3.65% |
| Anupam Rasayan | 24 March 2021 | Mainboard | 555 | 760 | 44.06x | 520 | 526.80 | -6.31% | -5.08% |
| MTAR Technologies | 15 March 2021 | Mainboard | 575 | 596.41 | 200.79x | 1,050 | 1,082.50 | +82.61% | +88.26% |
| Antony Waste Handling Cell | 1 January 2021 | Mainboard | 315 | 299.99 | 15.04x | 436.10 | 407.35 | +38.44% | +29.32% |
| Mrs Bectors Food Specialities | 24 December 2020 | Mainboard | 288 | 540.54 | 198.02x | 500 | 594.20 | +73.61% | +106.32% |
| Equitas Small Finance Bank | 2 November 2020 | Mainboard | 33 | 517.60 | 1.95x | 31.10 | 32.80 | -5.76% | -0.61% |
| Ujjivan Small Finance Bank | 12 December 2019 | Mainboard | 37 | 745.95 | 165.66x | 58.75 | 55.95 | +58.78% | +51.22% |
| CSB Bank | 4 December 2019 | Mainboard | 195 | 409.68 | 86.91x | 275 | 300.05 | +41.03% | +53.87% |
| Sterling & Wilson Solar | 20 August 2019 | Mainboard | 780 | 2,849.64 | 0.85x | 706 | 726.20 | -9.49% | -6.90% |
| Spandana Sphoorti Financial | 19 August 2019 | Mainboard | 856 | 1,189.85 | 1.05x | 825 | 847.80 | -3.62% | -0.96% |
| Polycab India | 16 April 2019 | Mainboard | 538 | 1,345.26 | 51.88x | 633 | 654.80 | +17.66% | +21.71% |
| Creditaccess Grameen | 23 August 2018 | Mainboard | 422 | 1,131.19 | 2.22x | 390 | 422.05 | -7.58% | +0.01% |
| HDFC AMC | 6 August 2018 | Mainboard | 1,100 | 2,800.33 | 82.99x | 1,726.25 | 1,815.95 | +56.93% | +65.09% |
| Varroc Engineering | 6 July 2018 | Mainboard | 967 | 1,954.96 | 3.54x | 1,015 | 1,037.35 | +4.96% | +7.28% |
| ICICI Securities | 4 April 2018 | Mainboard | 520 | 3,514.85 | 0.78x | 435 | 445.10 | -16.35% | -14.40% |