Chemicals: IPO Track Record
Listed IPOs
72
29 mainboard, 43 SME
Amount raised
INR 20,910.80 crore
2018 to 2026
Median gain at open
+13.13%
listing day, vs issue price
Median gain at close
+14.56%
listing day, vs issue price
Opened above issue price
79.17%
share of listings
Closed below issue price
25%
on listing day
Median subscription
32.15x
total, final day
Vs same-year IPOs
+4.31
percentage points; median gap at open
Best listing: Indian Emulsifiers (+225.76% at open, 22 May 2024). Weakest: Arunaya Organics (-48.10% at open, 7 May 2025).
Mainboard vs SME
| Segment | IPOs | Median gain at open | Median gain at close | Opened above issue | Closed below issue | Median subscription |
|---|---|---|---|---|---|---|
| Mainboard | 29 | +14.96% | +17.15% | 86.21% | 20.69% | 32.23x |
| SME | 43 | +10.20% | +12.88% | 74.42% | 27.91% | 27.80x |
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 10 | +9.73% | +11.08% | 70% | 24.09x |
| 2025 | 23 | +7.14% | +6.21% | 69.57% | 15.59x |
| 2024 | 13 | +31.58% | +31.25% | 92.31% | 117.25x |
| 2023 | 9 | +7.60% | +2.21% | 66.67% | 40.19x |
| 2022 | 4 | +10.12% | +12.46% | 100% | 19.24x |
| 2021 | 8 | +18.93% | +23.61% | 87.50% | 63.68x |
| 2020 | 2 | +86.23% | +73.25% | 100% | 114.34x |
| 2019 | 1 | +16.74% | +22.58% | 100% | 41.07x |
| 2018 | 2 | +3.56% | +9.99% | 100% | 14.37x |
All 72 IPOs
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Shivchem Agro | 6 October 2026 | SME (BSE) | 62 | 14.01 | 2.25x | 62 | 58.90 | 0% | -5% |
| Steamhouse India | 17 September 2026 | Mainboard | 81 | 414 | 32.07x | 94.50 | 102.55 | +16.67% | +26.60% |
| Amtech Esters | 17 September 2026 | SME (BSE) | 75 | 17.88 | 25.78x | 100 | 105 | +33.33% | +40% |
| Prasol Chemicals | 16 September 2026 | Mainboard | 676 | 500 | 3.47x | 610 | 671 | -9.76% | -0.74% |
| Shanti Inorganics | 7 September 2026 | SME (NSE) | 83 | 47.24 | 142.25x | 157.70 | 165.55 | +90% | +99.46% |
| Devson Catalyst | 16 July 2026 | SME (BSE) | 118 | 42.34 | 220.39x | 196.15 | 205.95 | +66.23% | +74.53% |
| Vahh Chemicals | 11 June 2026 | SME (BSE) | 60 | 13.45 | 87.21x | 70 | 66.50 | +16.67% | +10.83% |
| Aureate Tradde | 5 June 2026 | SME (BSE) | 70 | 27.29 | 1.49x | 70 | 66.50 | 0% | -5% |
| GSP Crop Science | 24 March 2026 | Mainboard | 320 | 400 | 1.61x | 328 | 356.25 | +2.50% | +11.33% |
| Biopol Chemicals | 13 February 2026 | SME (NSE) | 108 | 31.26 | 22.39x | 111 | 105.50 | +2.78% | -2.31% |
| Neochem Bio Solutions | 9 December 2025 | SME (NSE) | 98 | 44.97 | 15.59x | 108 | 111.80 | +10.20% | +14.08% |
| SPEB Adhesives | 8 December 2025 | SME (NSE) | 56 | 33.73 | 2.48x | 60 | 57 | +7.14% | +1.79% |
| Mahamaya Lifesciences | 18 November 2025 | SME (BSE) | 114 | 70.44 | 1.71x | 116 | 116 | +1.75% | +1.75% |
| Shlokka Dyes | 17 October 2025 | SME (BSE) | 91 | 57.79 | 1.17x | 90 | 85.50 | -1.10% | -6.04% |
| SK Minerals | 17 October 2025 | SME (BSE) | 127 | 41.15 | 3.60x | 145 | 152.25 | +14.17% | +19.88% |
| Advance Agrolife | 8 October 2025 | Mainboard | 100 | 192.86 | 56.77x | 114 | 108.30 | +14% | +8.30% |
| Bhavik Enterprises | 6 October 2025 | SME (BSE) | 140 | 77 | 1.12x | 143 | 145.30 | +2.14% | +3.79% |
| Snehaa Organics | 5 September 2025 | SME (NSE) | 122 | 32.68 | 27.80x | 122 | 115.90 | 0% | -5% |
| Gem Aromatics | 26 August 2025 | Mainboard | 325 | 451.25 | 30.27x | 333.10 | 319.05 | +2.49% | -1.83% |
| Renol Polychem | 7 August 2025 | SME (NSE) | 105 | 25.77 | 6.92x | 105 | 99.75 | 0% | -5% |
| Mehul Colours | 6 August 2025 | SME (BSE) | 72 | 21.66 | 8.07x | 85 | 86.03 | +18.06% | +19.49% |
| Patel Chem Specialities | 1 August 2025 | SME (BSE) | 84 | 58.80 | 167.44x | 110 | 104.50 | +30.95% | +24.40% |
| Indogulf Cropsciences | 3 July 2025 | Mainboard | 111 | 200 | 25.98x | 111 | 110.35 | 0% | -0.59% |
| Ellenbarrie Industrial Gases | 1 July 2025 | Mainboard | 400 | 852.53 | 22.19x | 486 | 534.60 | +21.50% | +33.65% |
| Sacheerome | 16 June 2025 | SME (NSE) | 102 | 61.62 | 313.02x | 153 | 160.55 | +50% | +57.40% |
| Neptune Petrochemicals | 4 June 2025 | SME (NSE) | 122 | 73.20 | 4.19x | 132.75 | 139.35 | +8.81% | +14.22% |
| Arunaya Organics | 7 May 2025 | SME (NSE) | 58 | 33.99 | 2.58x | 30.10 | 31.60 | -48.10% | -45.52% |
| Balaji Phosphates | 7 March 2025 | SME (NSE) | 70 | 50.11 | 1.27x | 75 | 74.35 | +7.14% | +6.21% |
| Beezaasan Explotech | 3 March 2025 | SME (BSE) | 175 | 59.93 | 5.50x | 146 | 153.30 | -16.57% | -12.40% |
| Stallion India Fluorochemicals | 23 January 2025 | Mainboard | 90 | 199.45 | 188.38x | 120 | 126 | +33.33% | +40% |
| Technichem Organics | 7 January 2025 | SME (BSE) | 55 | 25.25 | 425.17x | 57.25 | 60.11 | +4.09% | +9.29% |
| Citichem India | 3 January 2025 | SME (BSE) | 70 | 12.60 | 414.40x | 70 | 68.28 | 0% | -2.46% |
| Anya Polytech and Fertilizers | 2 January 2025 | SME (NSE) | 14 | 44.80 | 440.03x | 17.10 | 17.95 | +22.14% | +28.21% |
| Rajputana Biodiesel | 3 December 2024 | SME (NSE) | 130 | 24.70 | 718.92x | 247 | 259.35 | +90% | +99.50% |
| Shiv Texchem | 15 October 2024 | SME (BSE) | 166 | 101.35 | 156.63x | 239 | 250.95 | +43.98% | +51.17% |
| Nexxus Petro Industries | 4 October 2024 | SME (BSE) | 105 | 19.43 | 8.46x | 126 | 132.30 | +20% | +26% |
| Unilex Colours | 3 October 2024 | SME (NSE) | 87 | 31.32 | 35.90x | 89 | 88.15 | +2.30% | +1.32% |
| Indian Phosphate | 3 September 2024 | SME (NSE) | 99 | 67.36 | 264.74x | 188.10 | 178.70 | +90% | +80.51% |
| Dhariwalcorp | 8 August 2024 | SME (NSE) | 106 | 25.15 | 175.02x | 150 | 142.50 | +41.51% | +34.43% |
| Ambey Laboratories | 11 July 2024 | SME (NSE) | 68 | 44.68 | 319.43x | 85 | 89.25 | +25% | +31.25% |
| Kronox Lab Sciences | 10 June 2024 | Mainboard | 136 | 130.15 | 117.25x | 164.95 | 159.32 | +21.29% | +17.15% |
| Indian Emulsifiers | 22 May 2024 | SME (NSE) | 132 | 42.39 | 460.08x | 430 | 451.50 | +225.76% | +242.05% |
| Silkflex Polymers | 15 May 2024 | SME (NSE) | 52 | 18.11 | 33.89x | 60 | 58.70 | +15.38% | +12.88% |
| JG Chemicals | 13 March 2024 | Mainboard | 221 | 251.19 | 27.77x | 209 | 184.80 | -5.43% | -16.38% |
| Platinum Industries | 5 March 2024 | Mainboard | 171 | 235.32 | 99.37x | 225 | 221.20 | +31.58% | +29.36% |
| Nova Agritech | 31 January 2024 | Mainboard | 41 | 143.81 | 109.37x | 55 | 57.75 | +34.15% | +40.85% |
| Deepak Chemtex | 6 December 2023 | SME (BSE) | 80 | 23.04 | 374.34x | 152 | 159.60 | +90% | +99.50% |
| Paragon Fine | 3 November 2023 | SME (NSE) | 100 | 51.66 | 191.13x | 225 | 213.75 | +125% | +113.75% |
| Saroja Pharma | 13 September 2023 | SME (NSE) | 84 | 9.11 | 8.44x | 65 | 68.25 | -22.62% | -18.75% |
| Crop Life Science | 30 August 2023 | SME (NSE) | 52 | 26.73 | 4.13x | 55.95 | 53.15 | +7.60% | +2.21% |
| Yasons Chemex | 3 August 2023 | SME (NSE) | 40 | 20.57 | 55.23x | 32 | 33.60 | -20% | -16% |
| Sudarshan Pharma | 22 March 2023 | SME (BSE) | 73 | 50.10 | 1.06x | 73 | 69.35 | 0% | -5% |
| SVJ Enterprises | 9 March 2023 | SME (BSE) | 36 | 6.12 | 1.42x | 38 | 36.10 | +5.56% | +0.28% |
| Aristo Bio-Tech | 30 January 2023 | SME (NSE) | 72 | 13.05 | 206.77x | 80 | 84 | +11.11% | +16.67% |
| Ducol Organics | 19 January 2023 | SME (NSE) | 78 | 31.51 | 40.19x | 111.95 | 117.50 | +43.53% | +50.64% |
| Dharmaj Crop Guard | 8 December 2022 | Mainboard | 237 | 251.15 | 35.49x | 266.05 | 266.30 | +12.26% | +12.36% |
| Archean Chemical Industries | 21 November 2022 | Mainboard | 407 | 1,462.30 | 32.23x | 450 | 458.15 | +10.57% | +12.57% |
| Aether Industries | 3 June 2022 | Mainboard | 642 | 808.04 | 6.26x | 704 | 774.40 | +9.66% | +20.62% |
| Paradeep Phosphates | 27 May 2022 | Mainboard | 42 | 1,501.73 | 1.75x | 44 | 43.90 | +4.76% | +4.52% |
| HP Adhesives | 27 December 2021 | Mainboard | 274 | 125.96 | 20.96x | 315 | 330.75 | +14.96% | +20.71% |
| Chemplast Sanmar | 24 August 2021 | Mainboard | 541 | 3,850 | 2.17x | 550 | 535.60 | +1.66% | -1% |
| Tatva Chintan Pharma | 29 July 2021 | Mainboard | 1,083 | 500 | 180.36x | 2,111.85 | 2,312.20 | +95% | +113.50% |
| Clean Science And Technology | 19 July 2021 | Mainboard | 900 | 1,546.62 | 93.41x | 1,755 | 1,585.25 | +95% | +76.14% |
| India Pesticides | 5 July 2021 | Mainboard | 296 | 800 | 29.04x | 350 | 343.15 | +18.24% | +15.93% |
| Laxmi Organic | 25 March 2021 | Mainboard | 130 | 600 | 106.81x | 155.50 | 164.45 | +19.62% | +26.50% |
| Anupam Rasayan | 24 March 2021 | Mainboard | 555 | 760 | 44.06x | 520 | 526.80 | -6.31% | -5.08% |
| Heranba Industries | 5 March 2021 | Mainboard | 627 | 625.24 | 83.29x | 900 | 812.60 | +43.54% | +29.60% |
| Chemcon Speciality Chemicals | 1 October 2020 | Mainboard | 340 | 318 | 149.30x | 731 | 584.80 | +115% | +72% |
| Rossari Biotech | 23 July 2020 | Mainboard | 425 | 496.25 | 79.37x | 669.25 | 741.65 | +57.47% | +74.51% |
| Neogen Chemicals | 8 May 2019 | Mainboard | 215 | 132.35 | 41.07x | 251 | 263.55 | +16.74% | +22.58% |
| Fine Organics | 2 July 2018 | Mainboard | 783 | 600.17 | 8.77x | 815 | 822.80 | +4.09% | +5.08% |
| Galaxy Surfactants | 8 February 2018 | Mainboard | 1,480 | 937.09 | 19.96x | 1,525 | 1,700.45 | +3.04% | +14.90% |