SBI Capital Markets: IPO Track Record
Before 2025 its IPOs had a median gain at open of 0%, and fewer than half (45.61%) opened above the issue price. Since 2025, 75% have, at a median of 6.11%.
Listed IPOs
81
81 mainboard
Amount raised
INR 2,37,724.41 crore
2018 to 2026
Median gain at open
+2.13%
listing day, vs issue price
Median gain at close
+3.96%
listing day, vs issue price
Opened above issue price
54.32%
share of listings
Closed below issue price
41.98%
on listing day
Median subscription
11.52x
total, final day
Vs same-year IPOs
-5.01
percentage points; median gap at open
Best listing: Bajaj Housing Finance (+114.29% at open, 16 September 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 | 9 | +6.85% | +6.23% | 77.78% | 9.50x |
| 2025 | 15 | +5.36% | +5.11% | 73.33% | 39.17x |
| 2024 | 19 | +11.35% | +12.99% | 57.89% | 25.78x |
| 2023 | 7 | +20.17% | +27.85% | 57.14% | 37.37x |
| 2022 | 3 | -2.94% | -0.07% | 33.33% | 2.86x |
| 2021 | 14 | -3.13% | -0.50% | 42.86% | 5.62x |
| 2020 | 4 | -9.94% | -9.81% | 25% | 15.24x |
| 2019 | 2 | +43.07% | +60.26% | 50% | 56.38x |
| 2018 | 8 | -4.26% | -3.79% | 25% | 3.14x |
All 81 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% |
| Varmora Granito | 29 September 2026 | Mainboard | 148 | 708.02 | 1.60x | 155 | 152.19 | +4.73% | +2.83% |
| Horizon Industrial Parks | 24 August 2026 | Mainboard | 60 | 2,600 | 1.52x | 60.25 | 58.16 | +0.42% | -3.07% |
| Dhoot Transmission | 17 August 2026 | Mainboard | 871 | 3,066.89 | 75.05x | 1,200 | 1,187.05 | +37.77% | +36.29% |
| 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% |
| OnEMI Technologies (Kissht) | 8 May 2026 | Mainboard | 171 | 925.92 | 9.50x | 190 | 208.63 | +11.11% | +22.01% |
| Central Mine Planning | 30 March 2026 | Mainboard | 172 | 1,837.84 | 1.03x | 160 | 154.06 | -6.98% | -10.43% |
| Clean Max Enviro Energy | 2 March 2026 | Mainboard | 1,053 | 3,083.83 | 0.94x | 960 | 867.50 | -8.83% | -17.62% |
| 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% |
| Canara HSBC Life Insurance Company | 17 October 2025 | Mainboard | 106 | 2,515.95 | 2.29x | 106 | 111.42 | 0% | +5.11% |
| Rubicon Research | 16 October 2025 | Mainboard | 485 | 1,377.50 | 103.89x | 620 | 628.20 | +27.84% | +29.53% |
| Canara Robeco Asset Management Company | 16 October 2025 | Mainboard | 266 | 1,326.13 | 9.74x | 280.25 | 300.45 | +5.36% | +12.95% |
| Tata Capital | 13 October 2025 | Mainboard | 326 | 15,511.87 | 1.95x | 330 | 330.50 | +1.23% | +1.38% |
| TruAlt Bioenergy | 3 October 2025 | Mainboard | 496 | 839.28 | 71.92x | 545.40 | 530.95 | +9.96% | +7.05% |
| Solarworld Energy Solutions | 30 September 2025 | Mainboard | 351 | 490 | 65.01x | 388.50 | 323.50 | +10.68% | -7.83% |
| Seshaasai Technologies | 30 September 2025 | Mainboard | 423 | 813.07 | 68.13x | 432 | 411.45 | +2.13% | -2.73% |
| JSW Cement | 14 August 2025 | Mainboard | 147 | 3,600 | 7.77x | 153.50 | 146.07 | +4.42% | -0.63% |
| NSDL | 6 August 2025 | Mainboard | 800 | 4,011.60 | 41.01x | 880 | 936 | +10% | +17% |
| Schloss Bangalore | 2 June 2025 | Mainboard | 435 | 3,500 | 4.50x | 406 | 435.55 | -6.67% | +0.13% |
| Belrise Industries | 28 May 2025 | Mainboard | 90 | 2,150 | 41.30x | 100 | 97.41 | +11.11% | +8.23% |
| Ajax Engineering | 17 February 2025 | Mainboard | 629 | 1,268.88 | 6.45x | 576 | 595.40 | -8.43% | -5.34% |
| Laxmi Dental | 20 January 2025 | Mainboard | 428 | 698.06 | 114.42x | 542 | 550.55 | +26.64% | +28.63% |
| 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% |
| One Mobikwik Systems | 18 December 2024 | Mainboard | 279 | 572 | 119.38x | 440 | 528 | +57.71% | +89.25% |
| Suraksha Diagnostic | 6 December 2024 | Mainboard | 441 | 846.25 | 1.27x | 438 | 417.25 | -0.68% | -5.39% |
| Afcons Infrastructure | 4 November 2024 | Mainboard | 463 | 5,430 | 2.63x | 426 | 474.20 | -7.99% | +2.42% |
| Godavari Biorefineries | 30 October 2024 | Mainboard | 352 | 554.75 | 1.83x | 308 | 343.20 | -12.50% | -2.50% |
| 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% |
| OLA Electric | 9 August 2024 | Mainboard | 76 | 6,145.56 | 4.26x | 76 | 91.20 | 0% | +20% |
| Bansal Wire | 10 July 2024 | Mainboard | 256 | 745 | 59.57x | 356 | 350.35 | +39.06% | +36.86% |
| Stanley Lifestyles | 28 June 2024 | Mainboard | 369 | 537.02 | 96.21x | 494.95 | 474.75 | +34.13% | +28.66% |
| Dee Development | 26 June 2024 | Mainboard | 203 | 418.02 | 99.56x | 339 | 335.32 | +67% | +65.18% |
| Aadhar Housing Finance | 15 May 2024 | Mainboard | 315 | 3,000 | 25.49x | 315 | 329.45 | 0% | +4.59% |
| 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% |
| Entero Healthcare | 16 February 2024 | Mainboard | 1,258 | 1,600 | 1.53x | 1,228.70 | 1,149.55 | -2.33% | -8.62% |
| Jana Small Finance Bank | 14 February 2024 | Mainboard | 414 | 570 | 18.50x | 396 | 368.15 | -4.35% | -11.07% |
| Medi Assist Healthcare | 23 January 2024 | Mainboard | 418 | 1,171.58 | 16.25x | 460 | 464.10 | +10.05% | +11.03% |
| Jyoti CNC Automation | 16 January 2024 | Mainboard | 331 | 1,000 | 38.53x | 370 | 434.20 | +11.78% | +31.18% |
| Azad Engineering | 28 December 2023 | Mainboard | 524 | 740 | 80.65x | 720 | 677.50 | +37.40% | +29.29% |
| Muthoot Microfin | 26 December 2023 | Mainboard | 291 | 960 | 11.52x | 275.30 | 266.15 | -5.40% | -8.54% |
| IREDA | 29 November 2023 | Mainboard | 32 | 2,150.21 | 38.80x | 50 | 60 | +56.25% | +87.50% |
| Updater Services | 4 October 2023 | Mainboard | 300 | 640 | 2.89x | 285 | 283.90 | -5% | -5.37% |
| JSW Infra | 3 October 2023 | Mainboard | 119 | 2,800 | 37.37x | 143 | 157.30 | +20.17% | +32.18% |
| Yatra Online | 28 September 2023 | Mainboard | 142 | 775 | 1.61x | 127.50 | 135.90 | -10.21% | -4.30% |
| Senco Gold | 14 July 2023 | Mainboard | 317 | 405 | 73.35x | 430 | 405.30 | +35.65% | +27.85% |
| Tamilnad Mercantile Bank | 15 September 2022 | Mainboard | 510 | 807.84 | 2.86x | 495 | 509.65 | -2.94% | -0.07% |
| Paradeep Phosphates | 27 May 2022 | Mainboard | 42 | 1,501.73 | 1.75x | 44 | 43.90 | +4.76% | +4.52% |
| LIC | 17 May 2022 | Mainboard | 949 | 20,557.23 | 2.95x | 872 | 875.25 | -8.11% | -7.77% |
| Star Health | 10 December 2021 | Mainboard | 900 | 6,018.68 | 0.79x | 845 | 906.85 | -6.11% | +0.76% |
| Tarsons Products | 26 November 2021 | Mainboard | 662 | 1,023.47 | 77.49x | 682 | 818.40 | +3.02% | +23.63% |
| Aditya Birla AMC | 11 October 2021 | Mainboard | 712 | 2,768.26 | 5.25x | 715 | 699.45 | +0.42% | -1.76% |
| Nuvoco Vistas | 23 August 2021 | Mainboard | 570 | 5,000 | 1.71x | 485 | 531.70 | -14.91% | -6.72% |
| Windlas Biotech | 16 August 2021 | Mainboard | 460 | 401.54 | 22.44x | 437 | 407.15 | -5% | -11.49% |
| Glenmark Life Sciences | 6 August 2021 | Mainboard | 720 | 1,513.60 | 44.17x | 750 | 748.50 | +4.17% | +3.96% |
| GR Infraprojects | 19 July 2021 | Mainboard | 837 | 962.33 | 102.58x | 1,715.85 | 1,747.10 | +105% | +108.73% |
| 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% |
| Suryoday Small Finance Bank | 26 March 2021 | Mainboard | 305 | 580.84 | 2.37x | 292 | 277.80 | -4.26% | -8.92% |
| Kalyan Jewellers | 26 March 2021 | Mainboard | 87 | 1,174.82 | 2.61x | 73.95 | 75.20 | -15% | -13.56% |
| RailTel | 26 February 2021 | Mainboard | 94 | 819.24 | 42.39x | 109 | 121.35 | +15.96% | +29.10% |
| IRFC | 29 January 2021 | Mainboard | 26 | 4,633.38 | 3.49x | 24.90 | 24.80 | -4.23% | -4.62% |
| Mrs Bectors Food Specialities | 24 December 2020 | Mainboard | 288 | 540.54 | 198.02x | 500 | 594.20 | +73.61% | +106.32% |
| UTI AMC | 12 October 2020 | Mainboard | 554 | 2,159.88 | 2.31x | 500 | 476.20 | -9.75% | -14.04% |
| Angel Broking | 5 October 2020 | Mainboard | 306 | 600 | 3.94x | 275 | 275.80 | -10.13% | -9.87% |
| SBI Cards | 16 March 2020 | Mainboard | 755 | 10,340.79 | 26.54x | 661 | 681.40 | -12.45% | -9.75% |
| IRCTC | 14 October 2019 | Mainboard | 320 | 637.97 | 111.91x | 626 | 727.75 | +95.62% | +127.42% |
| Sterling & Wilson Solar | 20 August 2019 | Mainboard | 780 | 2,849.64 | 0.85x | 706 | 726.20 | -9.49% | -6.90% |
| IRCON International | 28 September 2018 | Mainboard | 475 | 466.94 | 9.77x | 412 | 415.30 | -13.26% | -12.57% |
| RITES Limited | 2 July 2018 | Mainboard | 185 | 460.51 | 66.74x | 190 | 213.30 | +2.70% | +15.30% |
| Mishra Dhatu Nigam | 4 April 2018 | Mainboard | 90 | 435.02 | 1.21x | 87 | 90.05 | -3.33% | +0.06% |
| ICICI Securities | 4 April 2018 | Mainboard | 520 | 3,514.85 | 0.78x | 435 | 445.10 | -16.35% | -14.40% |
| Hindustan Aeronautics | 28 March 2018 | Mainboard | 1,215 | 4,063.31 | 0.99x | 1,152 | 1,132.85 | -5.19% | -6.76% |
| Bharat Dynamics | 23 March 2018 | Mainboard | 428 | 952.79 | 1.29x | 370 | 389.80 | -13.55% | -8.93% |
| HG Infra Engineering | 9 March 2018 | Mainboard | 270 | 462 | 4.98x | 270 | 267.75 | 0% | -0.83% |
| Amber Enterprises | 30 January 2018 | Mainboard | 859 | 599.57 | 165.38x | 1,175 | 1,245.25 | +36.79% | +44.97% |