Automobile & Auto Components: IPO Track Record
One of only two sectors where listings since 2025 did better than earlier ones: a median of 6.65% at open, against 4.44% before.
Listed IPOs
50
24 mainboard, 26 SME
Amount raised
INR 65,767.22 crore
2018 to 2026
Median gain at open
+4.75%
listing day, vs issue price
Median gain at close
+7.30%
listing day, vs issue price
Opened above issue price
66%
share of listings
Closed below issue price
28%
on listing day
Median subscription
14.40x
total, final day
Vs same-year IPOs
-2.97
percentage points; median gap at open
Best listing: Thaai Casting (+141.43% at open, 23 February 2024). Weakest: BikeWo Green Tech (-27.42% at open, 27 September 2024).
Mainboard vs SME
| Segment | IPOs | Median gain at open | Median gain at close | Opened above issue | Closed below issue | Median subscription |
|---|---|---|---|---|---|---|
| Mainboard | 24 | +2.81% | +7.30% | 58.33% | 37.50% | 5.79x |
| SME | 26 | +6.71% | +7.18% | 73.08% | 19.23% | 45.62x |
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 12 | +7.39% | +9.74% | 75% | 41.06x |
| 2025 | 10 | +5.42% | +4.95% | 70% | 23.40x |
| 2024 | 17 | +0.88% | +5% | 52.94% | 38.93x |
| 2023 | 3 | +7.55% | +9.76% | 100% | 5.48x |
| 2022 | 1 | -6.92% | -9.41% | 0% | 3.06x |
| 2021 | 5 | +3.44% | +10.02% | 60% | 3.82x |
| 2018 | 2 | +4.61% | +2.16% | 100% | 4.84x |
All 50 IPOs
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Adroit Industries | 30 September 2026 | Mainboard | 134 | 150.71 | 176.85x | 235 | 248.39 | +75.37% | +85.37% |
| Kheria Autocomp | 24 September 2026 | SME (NSE) | 101 | 46.44 | 2.55x | 104.90 | 103.05 | +3.86% | +2.03% |
| Hero Motors | 23 September 2026 | Mainboard | 84 | 1,000 | 7.08x | 82 | 98.40 | -2.38% | +17.14% |
| Sumax Engineering | 2 September 2026 | SME (NSE) | 101 | 53.40 | 162.96x | 111 | 110.45 | +9.90% | +9.36% |
| Dhoot Transmission | 17 August 2026 | Mainboard | 871 | 3,066.89 | 75.05x | 1,200 | 1,187.05 | +37.77% | +36.29% |
| LAPL Automotive | 13 August 2026 | SME (BSE) | 94 | 32.40 | 344.32x | 135 | 128.29 | +43.62% | +36.48% |
| Poojaa Precision | 4 August 2026 | SME (BSE) | 301 | 159.83 | 278.89x | 470 | 493.50 | +56.15% | +63.95% |
| Happy Steels | 16 July 2026 | SME (NSE) | 66 | 25 | 77.89x | 68 | 68.50 | +3.03% | +3.79% |
| Autofurnish | 29 May 2026 | SME (BSE) | 41 | 14.60 | 1.26x | 43 | 45.15 | +4.88% | +10.12% |
| Amba Auto Sales | 5 May 2026 | SME (NSE) | 135 | 65.12 | 1.24x | 134.50 | 135.15 | -0.37% | +0.11% |
| Sedemac Mechatronics | 11 March 2026 | Mainboard | 1,352 | 1,087.35 | 2.68x | 1,535 | 1,451.10 | +13.54% | +7.33% |
| Victory Electric | 14 January 2026 | SME (NSE) | 41 | 34.56 | 1x | 34.45 | 32.75 | -15.98% | -20.12% |
| Gallard Steel | 26 November 2025 | SME (BSE) | 150 | 37.50 | 375.62x | 223.10 | 234.25 | +48.73% | +56.17% |
| Tenneco Clean Air India | 19 November 2025 | Mainboard | 397 | 3,600 | 58.83x | 505 | 490.80 | +27.20% | +23.63% |
| Studds Accessories | 7 November 2025 | Mainboard | 585 | 455.49 | 73.25x | 565 | 560.30 | -3.42% | -4.22% |
| Zelio E-Mobility | 8 October 2025 | SME (BSE) | 136 | 78.34 | 1.57x | 154.90 | 162.60 | +13.90% | +19.56% |
| Sellowrap Industries | 1 August 2025 | SME (NSE) | 83 | 30.28 | 62.16x | 90 | 94.50 | +8.43% | +13.86% |
| Supertech EV | 2 July 2025 | SME (BSE) | 92 | 29.90 | 4.45x | 73.60 | 69.92 | -20% | -24% |
| Belrise Industries | 28 May 2025 | Mainboard | 90 | 2,150 | 41.30x | 100 | 97.41 | +11.11% | +8.23% |
| Ather Energy | 6 May 2025 | Mainboard | 321 | 2,980.80 | 1.43x | 328 | 302.30 | +2.18% | -5.83% |
| MaxVolt Energy | 19 February 2025 | SME (NSE) | 180 | 54 | 3.30x | 180 | 180.90 | 0% | +0.50% |
| CLN Energy | 30 January 2025 | SME (BSE) | 250 | 72.30 | 5.51x | 256 | 254.15 | +2.40% | +1.66% |
| Carraro India | 30 December 2024 | Mainboard | 704 | 1,250 | 1.12x | 651 | 636.20 | -7.53% | -9.63% |
| Emerald Tyre | 12 December 2024 | SME (NSE) | 95 | 49.26 | 531.35x | 180.50 | 189.50 | +90% | +99.47% |
| OBSC Perfection | 29 October 2024 | SME (NSE) | 100 | 66.02 | 16.63x | 110 | 115.50 | +10% | +15.50% |
| Premium Plast | 28 October 2024 | SME (NSE) | 49 | 26.20 | 38.93x | 51.45 | 48.90 | +5% | -0.20% |
| Hyundai Motor India | 22 October 2024 | Mainboard | 1,960 | 27,858.75 | 2.37x | 1,934 | 1,819.60 | -1.33% | -7.16% |
| Forge Auto International | 4 October 2024 | SME (NSE) | 108 | 31.10 | 49.35x | 113 | 109.35 | +4.63% | +1.25% |
| BikeWo Green Tech | 27 September 2024 | SME (NSE) | 62 | 24.09 | 41.88x | 45 | 47.25 | -27.42% | -23.79% |
| Tolins Tyres | 16 September 2024 | Mainboard | 226 | 230 | 23.45x | 228 | 239.40 | +0.88% | +5.93% |
| Kross Limited | 16 September 2024 | Mainboard | 240 | 500 | 16.81x | 240 | 259.81 | 0% | +8.25% |
| Resourceful Automobile | 29 August 2024 | SME (BSE) | 117 | 11.99 | 418.87x | 117 | 122.85 | 0% | +5% |
| OLA Electric | 9 August 2024 | Mainboard | 76 | 6,145.56 | 4.26x | 76 | 91.20 | 0% | +20% |
| Tunwal E-Motors | 23 July 2024 | SME (NSE) | 59 | 115.64 | 12.18x | 64 | 60.80 | +8.47% | +3.05% |
| Mandeep Auto | 21 May 2024 | SME (NSE) | 67 | 25.25 | 76.09x | 62.25 | 65.35 | -7.09% | -2.46% |
| Emmforce Autotech | 30 April 2024 | SME (BSE) | 98 | 53.90 | 338.87x | 186.20 | 195.51 | +90% | +99.50% |
| Popular Vehicles | 19 March 2024 | Mainboard | 295 | 601.55 | 1.23x | 289.20 | 276.15 | -1.97% | -6.39% |
| Thaai Casting | 23 February 2024 | SME (NSE) | 77 | 47.20 | 375.52x | 185.90 | 195.15 | +141.43% | +153.44% |
| New Swan Multitech | 18 January 2024 | SME (BSE) | 66 | 33.11 | 356.91x | 125.40 | 131.67 | +90% | +99.50% |
| ASK Automotive | 15 November 2023 | Mainboard | 282 | 833.91 | 51.14x | 303.30 | 310.10 | +7.55% | +9.96% |
| Divgi TorqTransfer | 14 March 2023 | Mainboard | 590 | 412.12 | 5.44x | 620 | 605.20 | +5.08% | +2.58% |
| Viaz Tyres | 1 March 2023 | SME (NSE) | 62 | 20 | 5.48x | 68 | 68.05 | +9.68% | +9.76% |
| Landmark Cars | 23 December 2022 | Mainboard | 506 | 552 | 3.06x | 471 | 458.40 | -6.92% | -9.41% |
| SJS Enterprises | 15 November 2021 | Mainboard | 542 | 800 | 1.59x | 542 | 510.20 | 0% | -5.87% |
| Sansera Engineering | 24 September 2021 | Mainboard | 744 | 1,282.52 | 11.47x | 811.50 | 818.55 | +9.07% | +10.02% |
| Rolex Rings | 9 August 2021 | Mainboard | 900 | 731 | 130.44x | 1,250 | 1,167 | +38.89% | +29.67% |
| Sona BLW | 24 June 2021 | Mainboard | 291 | 5,550 | 2.28x | 301 | 361.20 | +3.44% | +24.12% |
| Craftsman Automation | 25 March 2021 | Mainboard | 1,490 | 823.70 | 3.82x | 1,359 | 1,435.60 | -8.79% | -3.65% |
| Varroc Engineering | 6 July 2018 | Mainboard | 967 | 1,954.96 | 3.54x | 1,015 | 1,037.35 | +4.96% | +7.28% |
| Sandhar Technologies | 2 April 2018 | Mainboard | 332 | 512.48 | 6.14x | 346.10 | 322.15 | +4.25% | -2.97% |