Kotak Mahindra Capital Company: IPO Track Record
Large issues (median INR 2,179.94 crore). Its IPOs opened a median 1.81 percentage points above same-year listings; 2022 was its weak year, with a median gain at open of 1.40% across 12 IPOs.
Listed IPOs
106
106 mainboard
Amount raised
INR 4,24,654.46 crore
2018 to 2026
Median gain at open
+9.28%
listing day, vs issue price
Median gain at close
+14.69%
listing day, vs issue price
Opened above issue price
75.47%
share of listings
Closed below issue price
22.64%
on listing day
Median subscription
14.94x
total, final day
Vs same-year IPOs
+1.81
percentage points; median gap at open
Best listing: Premier Energies (+120% at open, 3 September 2024). Weakest: Rategain Travel Technologies (-15.29% at open, 17 December 2021).
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 | 13 | +10.51% | +15.43% | 84.62% | 30.22x |
| 2025 | 19 | +4.42% | +5.61% | 73.68% | 7.77x |
| 2024 | 16 | +14.88% | +18.46% | 68.75% | 18.86x |
| 2023 | 11 | +20.37% | +22.18% | 100% | 24.86x |
| 2022 | 12 | +1.40% | +6.81% | 66.67% | 4.61x |
| 2021 | 19 | +17.35% | +20.84% | 73.68% | 20.29x |
| 2020 | 5 | +14% | +13.95% | 60% | 26.54x |
| 2019 | 3 | +17.66% | +21.71% | 100% | 51.88x |
| 2018 | 8 | +4.93% | +4.88% | 62.50% | 4.38x |
All 106 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% |
| Zetwerk | 23 October 2026 | Mainboard | 151 | 5,012.33 | 3.10x | 159.25 | 138.25 | +5.46% | -8.44% |
| Moneyview | 1 October 2026 | Mainboard | 34 | 1,091.68 | 101.87x | 55 | 53.88 | +61.76% | +58.47% |
| National Stock Exchange | 24 September 2026 | Mainboard | 1,785 | 22,561.57 | 5.71x | 1,800 | 1,818 | +0.84% | +1.85% |
| Shiprocket | 19 August 2026 | Mainboard | 97 | 1,617.49 | 102.27x | 131 | 143.45 | +35.05% | +47.89% |
| Molbio Diagnostics | 17 August 2026 | Mainboard | 807 | 939.70 | 70.26x | 980 | 1,041.70 | +21.44% | +29.08% |
| Dhoot Transmission | 17 August 2026 | Mainboard | 871 | 3,066.89 | 75.05x | 1,200 | 1,187.05 | +37.77% | +36.29% |
| Juniper Green Energy | 6 August 2026 | Mainboard | 225 | 1,800 | 8.38x | 245 | 259.71 | +8.89% | +15.43% |
| Manipal Health | 5 August 2026 | Mainboard | 590 | 9,275.22 | 4.92x | 652 | 666.95 | +10.51% | +13.04% |
| Indo-MIM | 30 July 2026 | Mainboard | 485 | 3,812.12 | 72.34x | 700 | 741.75 | +44.33% | +52.94% |
| SBI Funds Management | 21 July 2026 | Mainboard | 574 | 9,795.32 | 41.66x | 613.30 | 609.75 | +6.85% | +6.23% |
| Fractal Analytics | 16 February 2026 | Mainboard | 900 | 2,833.94 | 2.66x | 876 | 847.15 | -2.67% | -5.87% |
| 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% |
| Corona Remedies | 15 December 2025 | Mainboard | 1,062 | 655.37 | 137.04x | 1,470 | 1,438.40 | +38.42% | +35.44% |
| Meesho | 10 December 2025 | Mainboard | 111 | 5,421.20 | 79.02x | 162.50 | 170.09 | +46.40% | +53.23% |
| Aequs | 10 December 2025 | Mainboard | 124 | 921.81 | 101.63x | 140 | 151.29 | +12.90% | +22.01% |
| Physicswallah | 18 November 2025 | Mainboard | 109 | 3,480 | 1.81x | 145 | 155.24 | +33.03% | +42.42% |
| Emmvee Photovoltaic Power | 18 November 2025 | Mainboard | 217 | 2,900 | 0.97x | 217 | 219.40 | 0% | +1.11% |
| Billionbrains Garage Ventures (Groww) | 12 November 2025 | Mainboard | 100 | 6,632.30 | 17.60x | 112 | 131.33 | +12% | +31.33% |
| Lenskart Solutions | 10 November 2025 | Mainboard | 402 | 7,278.02 | 28.25x | 395 | 403.10 | -1.74% | +0.27% |
| Orkla India | 6 November 2025 | Mainboard | 730 | 1,667.33 | 48.73x | 750.10 | 713.65 | +2.75% | -2.24% |
| Tata Capital | 13 October 2025 | Mainboard | 326 | 15,511.87 | 1.95x | 330 | 330.50 | +1.23% | +1.38% |
| WeWork India | 10 October 2025 | Mainboard | 648 | 2,999.64 | 1.15x | 650 | 628.65 | +0.31% | -2.99% |
| Urban Company | 17 September 2025 | Mainboard | 103 | 1,900 | 103.63x | 162.25 | 166.83 | +57.52% | +61.97% |
| BlueStone Jewellery | 19 August 2025 | Mainboard | 517 | 1,540.65 | 2.70x | 510 | 546 | -1.35% | +5.61% |
| JSW Cement | 14 August 2025 | Mainboard | 147 | 3,600 | 7.77x | 153.50 | 146.07 | +4.42% | -0.63% |
| Smartworks Coworking Spaces | 17 July 2025 | Mainboard | 407 | 582.88 | 13.45x | 435 | 445.05 | +6.88% | +9.35% |
| Travel Food Services | 14 July 2025 | Mainboard | 1,100 | 2,000 | 2.88x | 1,125 | 1,074.80 | +2.27% | -2.29% |
| Schloss Bangalore | 2 June 2025 | Mainboard | 435 | 3,500 | 4.50x | 406 | 435.55 | -6.67% | +0.13% |
| Hexaware Technologies | 19 February 2025 | Mainboard | 708 | 8,750 | 2.66x | 745.50 | 762.55 | +5.30% | +7.70% |
| Dr. Agarwal’s Health Care | 4 February 2025 | Mainboard | 402 | 3,027.26 | 1.55x | 402 | 401.65 | 0% | -0.09% |
| Ventive Hospitality | 30 December 2024 | Mainboard | 643 | 1,600 | 9.80x | 716 | 704.35 | +11.35% | +9.54% |
| International Gemmological Institute | 20 December 2024 | Mainboard | 417 | 4,225 | 33.78x | 510 | 471.15 | +22.30% | +12.99% |
| Vishal Mega Mart | 18 December 2024 | Mainboard | 78 | 8,000 | 27.28x | 104 | 111.93 | +33.33% | +43.50% |
| Sai Life Sciences | 18 December 2024 | Mainboard | 549 | 3,042.62 | 10.26x | 650 | 764.65 | +18.40% | +39.28% |
| Niva Bupa Health Insurance | 14 November 2024 | Mainboard | 74 | 2,200 | 1.80x | 78.14 | 74.02 | +5.59% | +0.03% |
| Swiggy | 13 November 2024 | Mainboard | 390 | 11,327.43 | 3.59x | 420 | 456 | +7.69% | +16.92% |
| ACME Solar | 13 November 2024 | Mainboard | 289 | 2,900 | 2.75x | 251 | 253.15 | -13.15% | -12.40% |
| Hyundai Motor India | 22 October 2024 | Mainboard | 1,960 | 27,858.75 | 2.37x | 1,934 | 1,819.60 | -1.33% | -7.16% |
| Western Carriers | 24 September 2024 | Mainboard | 172 | 492.88 | 30.57x | 171 | 159.44 | -0.58% | -7.30% |
| Bajaj Housing Finance | 16 September 2024 | Mainboard | 70 | 6,560 | 63.61x | 150 | 165 | +114.29% | +135.71% |
| Premier Energies | 3 September 2024 | Mainboard | 450 | 2,830.40 | 74.38x | 990 | 839.90 | +120% | +86.64% |
| 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% |
| Emcure Pharmaceuticals | 10 July 2024 | Mainboard | 1,008 | 1,952.03 | 67.84x | 1,325.05 | 1,359.15 | +31.45% | +34.84% |
| Aadhar Housing Finance | 15 May 2024 | Mainboard | 315 | 3,000 | 25.49x | 315 | 329.45 | 0% | +4.59% |
| Indegene | 13 May 2024 | Mainboard | 452 | 1,841.76 | 69.63x | 655 | 570.90 | +44.91% | +26.31% |
| India Shelter Finance | 20 December 2023 | Mainboard | 493 | 1,200 | 36.62x | 620 | 544.70 | +25.76% | +10.49% |
| Honasa Consumer (Mamaearth) | 7 November 2023 | Mainboard | 324 | 1,701.44 | 7.61x | 330 | 337.10 | +1.85% | +4.04% |
| Cello World | 6 November 2023 | Mainboard | 648 | 1,900 | 38.90x | 829 | 791.70 | +27.93% | +22.18% |
| Blue Jet Healthcare | 1 November 2023 | Mainboard | 346 | 840.27 | 7.95x | 380 | 413.40 | +9.83% | +19.48% |
| JSW Infra | 3 October 2023 | Mainboard | 119 | 2,800 | 37.37x | 143 | 157.30 | +20.17% | +32.18% |
| Signature Global | 27 September 2023 | Mainboard | 385 | 730 | 11.88x | 444 | 458.55 | +15.32% | +19.10% |
| Samhi Hotels | 22 September 2023 | Mainboard | 126 | 1,370.10 | 5.33x | 134.50 | 143.40 | +6.75% | +13.81% |
| Concord Biotech | 18 August 2023 | Mainboard | 741 | 1,550.52 | 24.86x | 900.05 | 942.80 | +21.46% | +27.23% |
| SBFC Finance | 16 August 2023 | Mainboard | 57 | 1,025 | 70.16x | 82 | 92.20 | +43.86% | +61.75% |
| Utkarsh Small Finance Bank | 21 July 2023 | Mainboard | 25 | 500 | 101.91x | 40 | 48 | +60% | +92% |
| Mankind Pharma | 9 May 2023 | Mainboard | 1,080 | 4,326.36 | 15.32x | 1,300 | 1,422.30 | +20.37% | +31.69% |
| 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% |
| Five-Star Business Finance | 21 November 2022 | Mainboard | 474 | 1,588.51 | 0.70x | 468.80 | 490 | -1.10% | +3.38% |
| Global Health (Medanta) | 16 November 2022 | Mainboard | 336 | 2,205.57 | 9.58x | 401 | 415.30 | +19.35% | +23.60% |
| Bikaji Foods | 16 November 2022 | Mainboard | 300 | 880.84 | 26.67x | 322.80 | 317.45 | +7.60% | +5.82% |
| Aether Industries | 3 June 2022 | Mainboard | 642 | 808.04 | 6.26x | 704 | 774.40 | +9.66% | +20.62% |
| 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% |
| Rainbow Hospital | 10 May 2022 | Mainboard | 542 | 1,580.85 | 12.43x | 510 | 450.20 | -5.90% | -16.94% |
| Campus Shoes | 9 May 2022 | Mainboard | 292 | 1,399.60 | 51.75x | 360 | 378.90 | +23.29% | +29.76% |
| Vedant Fashions | 16 February 2022 | Mainboard | 866 | 3,149.19 | 2.57x | 935 | 933.55 | +7.97% | +7.80% |
| Adani Wilmar | 8 February 2022 | Mainboard | 230 | 3,600 | 17.37x | 227 | 268.25 | -1.30% | +16.63% |
| CE Infosystems (MapMyIndia) | 21 December 2021 | Mainboard | 1,033 | 1,039.61 | 154.71x | 1,565 | 1,393.65 | +51.50% | +34.91% |
| Rategain Travel Technologies | 17 December 2021 | Mainboard | 425 | 1,335.74 | 17.41x | 360 | 340.05 | -15.29% | -19.99% |
| Star Health | 10 December 2021 | Mainboard | 900 | 6,018.68 | 0.79x | 845 | 906.85 | -6.11% | +0.76% |
| PB Fintech (PolicyBazaar) | 15 November 2021 | Mainboard | 980 | 5,709.71 | 16.59x | 1,150 | 1,202.30 | +17.35% | +22.68% |
| 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% |
| Vijaya Diagnostic | 14 September 2021 | Mainboard | 531 | 1,894.26 | 4.54x | 540 | 620.10 | +1.69% | +16.78% |
| Aptus Value Housing Finance | 24 August 2021 | Mainboard | 353 | 2,780.05 | 17.20x | 333 | 346.90 | -5.67% | -1.73% |
| CarTrade Tech | 20 August 2021 | Mainboard | 1,618 | 2,998.51 | 20.29x | 1,599.80 | 1,501.05 | -1.12% | -7.23% |
| Devyani International | 16 August 2021 | Mainboard | 90 | 1,838 | 116.70x | 140.90 | 123.50 | +56.56% | +37.22% |
| 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% |
| GR Infraprojects | 19 July 2021 | Mainboard | 837 | 962.33 | 102.58x | 1,715.85 | 1,747.10 | +105% | +108.73% |
| Clean Science And Technology | 19 July 2021 | Mainboard | 900 | 1,546.62 | 93.41x | 1,755 | 1,585.25 | +95% | +76.14% |
| KIMS | 28 June 2021 | Mainboard | 825 | 2,143.74 | 3.86x | 1,009 | 996.95 | +22.30% | +20.84% |
| Sona BLW | 24 June 2021 | Mainboard | 291 | 5,550 | 2.28x | 301 | 361.20 | +3.44% | +24.12% |
| Macrotech Developers (Lodha) | 19 April 2021 | Mainboard | 486 | 2,500 | 1.36x | 436 | 465.25 | -10.29% | -4.27% |
| Home First Finance | 3 February 2021 | Mainboard | 518 | 1,153.72 | 26.66x | 618.80 | 527.55 | +19.46% | +1.84% |
| Indigo Paints | 2 February 2021 | Mainboard | 1,490 | 1,169.12 | 117.02x | 2,607.50 | 3,117.15 | +75% | +109.20% |
| Burger King India (Restaurant Brands Asia) | 14 December 2020 | Mainboard | 60 | 810 | 156.65x | 112.50 | 135 | +87.50% | +125% |
| Gland Pharma | 20 November 2020 | Mainboard | 1,500 | 6,479.55 | 2.06x | 1,710 | 1,819.55 | +14% | +21.30% |
| UTI AMC | 12 October 2020 | Mainboard | 554 | 2,159.88 | 2.31x | 500 | 476.20 | -9.75% | -14.04% |
| CAMS | 1 October 2020 | Mainboard | 1,230 | 2,242.11 | 46.99x | 1,518 | 1,401.60 | +23.41% | +13.95% |
| SBI Cards | 16 March 2020 | Mainboard | 755 | 10,340.79 | 26.54x | 661 | 681.40 | -12.45% | -9.75% |
| Ujjivan Small Finance Bank | 12 December 2019 | Mainboard | 37 | 745.95 | 165.66x | 58.75 | 55.95 | +58.78% | +51.22% |
| Polycab India | 16 April 2019 | Mainboard | 538 | 1,345.26 | 51.88x | 633 | 654.80 | +17.66% | +21.71% |
| Metropolis Healthcare | 15 April 2019 | Mainboard | 880 | 1,204.29 | 5.83x | 958 | 959.85 | +8.86% | +9.07% |
| 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% |
| TCNS Clothing | 30 July 2018 | Mainboard | 716 | 1,125.13 | 5.22x | 716 | 659.15 | 0% | -7.94% |
| Varroc Engineering | 6 July 2018 | Mainboard | 967 | 1,954.96 | 3.54x | 1,015 | 1,037.35 | +4.96% | +7.28% |
| Indostar Capital Finance | 21 May 2018 | Mainboard | 572 | 1,844 | 6.65x | 600 | 586.10 | +4.90% | +2.47% |
| Lemon Tree Hotels | 9 April 2018 | Mainboard | 56 | 1,038.69 | 1.19x | 61.60 | 71.65 | +10% | +27.95% |
| Bandhan Bank | 27 March 2018 | Mainboard | 375 | 4,473.02 | 14.56x | 499 | 476.85 | +33.07% | +27.16% |
| Aster DM Healthcare | 26 February 2018 | Mainboard | 190 | 980.10 | 1.31x | 183 | 181.55 | -3.68% | -4.45% |