Motilal Oswal Investment Advisors: IPO Track Record
Two-thirds of its IPOs (40 of 59) listed in 2025 or 2026. Those opened a median 8.93% above the issue price, against 5.59% for its earlier ones.
Listed IPOs
59
59 mainboard
Amount raised
INR 1,20,754.68 crore
2018 to 2026
Median gain at open
+8.47%
listing day, vs issue price
Median gain at close
+11.33%
listing day, vs issue price
Opened above issue price
71.19%
share of listings
Closed below issue price
25.42%
on listing day
Median subscription
22.19x
total, final day
Vs same-year IPOs
+0.74
percentage points; median gap at open
Best listing: GR Infraprojects (+105% at open, 19 July 2021). Weakest: R K Swamy (-13.19% at open, 12 March 2024).
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 | 17 | +7.89% | +15.25% | 82.35% | 49.57x |
| 2025 | 23 | +10% | +9.20% | 60.87% | 22.06x |
| 2024 | 5 | +5.59% | +0.03% | 60% | 10.67x |
| 2023 | 7 | +9.57% | +11.60% | 85.71% | 31.63x |
| 2022 | 2 | +26.55% | +20.89% | 50% | 29.77x |
| 2021 | 4 | +28.49% | +17.95% | 75% | 53.91x |
| 2018 | 1 | +4.90% | +2.47% | 100% | 6.65x |
All 59 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Sahajanand Medical Technologies | 23 October 2026 | Mainboard | 344 | 475.48 | 14.20x | 371.15 | 377.65 | +7.89% | +9.78% |
| Fusion CX | 22 October 2026 | Mainboard | 289 | 702 | 4.68x | 305 | 289.65 | +5.54% | +0.22% |
| 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% |
| LCC Projects | 17 September 2026 | Mainboard | 146 | 427.14 | 49.57x | 189 | 170.10 | +29.45% | +16.51% |
| Glass Wall Systems | 16 September 2026 | Mainboard | 182 | 427.89 | 81.65x | 194 | 214.85 | +6.59% | +18.05% |
| Lumino Industries | 3 September 2026 | Mainboard | 82 | 700 | 124.81x | 110 | 110.32 | +34.15% | +34.54% |
| Symbiotec Pharmalab | 1 September 2026 | Mainboard | 988 | 1,757 | 75.06x | 988 | 1,097.70 | 0% | +11.10% |
| Augmont Enterprises | 31 August 2026 | Mainboard | 788 | 825 | 111.14x | 961 | 908.15 | +21.95% | +15.25% |
| Molbio Diagnostics | 17 August 2026 | Mainboard | 807 | 939.70 | 70.26x | 980 | 1,041.70 | +21.44% | +29.08% |
| Lohia Corp | 30 July 2026 | Mainboard | 425 | 1,101.29 | 7.25x | 461 | 494.60 | +8.47% | +16.38% |
| SBI Funds Management | 21 July 2026 | Mainboard | 574 | 9,795.32 | 41.66x | 613.30 | 609.75 | +6.85% | +6.23% |
| Kusumgar | 15 July 2026 | Mainboard | 419 | 650 | 128.82x | 569 | 602.80 | +35.80% | +43.87% |
| Turtlemint Fintech | 29 June 2026 | Mainboard | 152 | 882.67 | 1.20x | 134.90 | 135.37 | -11.25% | -10.94% |
| CMR Green | 10 June 2026 | Mainboard | 192 | 630.62 | 127.03x | 268 | 241.20 | +39.58% | +25.62% |
| GSP Crop Science | 24 March 2026 | Mainboard | 320 | 400 | 1.61x | 328 | 356.25 | +2.50% | +11.33% |
| ICICI Prudential AMC | 19 December 2025 | Mainboard | 2,165 | 10,602.65 | 39.17x | 2,600 | 2,585.90 | +20.09% | +19.44% |
| Fujiyama Power Systems | 20 November 2025 | Mainboard | 228 | 828 | 2.14x | 220 | 208.44 | -3.51% | -8.58% |
| Billionbrains Garage Ventures (Groww) | 12 November 2025 | Mainboard | 100 | 6,632.30 | 17.60x | 112 | 131.33 | +12% | +31.33% |
| Midwest | 24 October 2025 | Mainboard | 1,065 | 451 | 87.86x | 1,165 | 1,140.50 | +9.39% | +7.09% |
| Canara HSBC Life Insurance Company | 17 October 2025 | Mainboard | 106 | 2,515.95 | 2.29x | 106 | 111.42 | 0% | +5.11% |
| Jain Resource Recycling | 1 October 2025 | Mainboard | 232 | 1,250 | 15.90x | 265.05 | 318.06 | +14.25% | +37.09% |
| EPACK Prefab Technologies | 1 October 2025 | Mainboard | 204 | 504 | 3.07x | 183.85 | 190.66 | -9.88% | -6.54% |
| Jaro Institute of Technology Management and Research | 30 September 2025 | Mainboard | 890 | 450 | 22.06x | 890 | 744.25 | 0% | -16.38% |
| Ganesh Consumer Products | 29 September 2025 | Mainboard | 322 | 408.80 | 2.67x | 296.05 | 294.30 | -8.06% | -8.60% |
| Atlanta Electricals | 29 September 2025 | Mainboard | 754 | 687.34 | 70.59x | 857 | 823.35 | +13.66% | +9.20% |
| Saatvik Green Energy | 26 September 2025 | Mainboard | 465 | 900 | 6.57x | 465 | 440.70 | 0% | -5.23% |
| iValue Infosolutions | 25 September 2025 | Mainboard | 299 | 560.30 | 1.82x | 284.95 | 281.85 | -4.70% | -5.74% |
| Gem Aromatics | 26 August 2025 | Mainboard | 325 | 451.25 | 30.27x | 333.10 | 319.05 | +2.49% | -1.83% |
| Sri Lotus Developers | 6 August 2025 | Mainboard | 150 | 792 | 69.14x | 178 | 195.67 | +18.67% | +30.45% |
| NSDL | 6 August 2025 | Mainboard | 800 | 4,011.60 | 41.01x | 880 | 936 | +10% | +17% |
| GNG Electronics | 30 July 2025 | Mainboard | 237 | 460.44 | 147.93x | 355 | 333.39 | +49.79% | +40.67% |
| Sambhv Steel Tubes | 2 July 2025 | Mainboard | 82 | 540 | 28.46x | 110 | 97.59 | +34.15% | +19.01% |
| 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% |
| Schloss Bangalore | 2 June 2025 | Mainboard | 435 | 3,500 | 4.50x | 406 | 435.55 | -6.67% | +0.13% |
| Dr. Agarwal’s Health Care | 4 February 2025 | Mainboard | 402 | 3,027.26 | 1.55x | 402 | 401.65 | 0% | -0.09% |
| Laxmi Dental | 20 January 2025 | Mainboard | 428 | 698.06 | 114.42x | 542 | 550.55 | +26.64% | +28.63% |
| Standard Glass Lining | 13 January 2025 | Mainboard | 140 | 410.05 | 183.18x | 172 | 163.28 | +22.86% | +16.63% |
| Concord Enviro Systems | 27 December 2024 | Mainboard | 701 | 500.33 | 10.67x | 826 | 827.10 | +17.83% | +17.99% |
| Niva Bupa Health Insurance | 14 November 2024 | Mainboard | 74 | 2,200 | 1.80x | 78.14 | 74.02 | +5.59% | +0.03% |
| ACME Solar | 13 November 2024 | Mainboard | 289 | 2,900 | 2.75x | 251 | 253.15 | -13.15% | -12.40% |
| PN Gadgil Jewellers | 17 September 2024 | Mainboard | 480 | 1,100 | 59.40x | 830 | 793.30 | +72.92% | +65.27% |
| R K Swamy | 12 March 2024 | Mainboard | 288 | 423.56 | 25.78x | 250 | 262.60 | -13.19% | -8.82% |
| Happy Forgings | 27 December 2023 | Mainboard | 850 | 1,008.59 | 82.04x | 1,000 | 1,030.80 | +17.65% | +21.27% |
| 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% |
| Sai Silks Kalamandir | 27 September 2023 | Mainboard | 222 | 1,201 | 4.40x | 231 | 244.90 | +4.05% | +10.32% |
| Rishabh Instruments | 11 September 2023 | Mainboard | 441 | 490.78 | 31.63x | 460.05 | 443.15 | +4.32% | +0.49% |
| IKIO Lighting | 16 June 2023 | Mainboard | 285 | 606.50 | 66.30x | 392.50 | 403.85 | +37.72% | +41.70% |
| Radiant Cash Management | 4 January 2023 | Mainboard | 94 | 264.10 | 0.53x | 103 | 104.90 | +9.57% | +11.60% |
| Tamilnad Mercantile Bank | 15 September 2022 | Mainboard | 510 | 807.84 | 2.86x | 495 | 509.65 | -2.94% | -0.07% |
| DreamFolks | 6 September 2022 | Mainboard | 326 | 562.10 | 56.68x | 508.70 | 462.40 | +56.04% | +41.84% |
| Metro Brands | 22 December 2021 | Mainboard | 500 | 1,367.51 | 3.64x | 437 | 493.35 | -12.60% | -1.33% |
| Aditya Birla AMC | 11 October 2021 | Mainboard | 712 | 2,768.26 | 5.25x | 715 | 699.45 | +0.42% | -1.76% |
| Devyani International | 16 August 2021 | Mainboard | 90 | 1,838 | 116.70x | 140.90 | 123.50 | +56.56% | +37.22% |
| GR Infraprojects | 19 July 2021 | Mainboard | 837 | 962.33 | 102.58x | 1,715.85 | 1,747.10 | +105% | +108.73% |
| Indostar Capital Finance | 21 May 2018 | Mainboard | 572 | 1,844 | 6.65x | 600 | 586.10 | +4.90% | +2.47% |