Consumer Services: IPO Track Record
Since 2025 the median gain at open is 0% across 43 IPOs, and fewer than half (46.51%) opened above the issue price.
Listed IPOs
102
48 mainboard, 54 SME
Amount raised
INR 1,02,302.86 crore
2018 to 2026
Median gain at open
+8.98%
listing day, vs issue price
Median gain at close
+11.86%
listing day, vs issue price
Opened above issue price
67.65%
share of listings
Closed below issue price
26.47%
on listing day
Median subscription
29.24x
total, final day
Vs same-year IPOs
-1.42
percentage points; median gap at open
Best listing: Fonebox Retail (+185.71% at open, 2 February 2024). Weakest: Pind Hospitality (-20% at open, 6 October 2026).
Mainboard vs SME
| Segment | IPOs | Median gain at open | Median gain at close | Opened above issue | Closed below issue | Median subscription |
|---|---|---|---|---|---|---|
| Mainboard | 48 | +12.43% | +15.37% | 72.92% | 20.83% | 24.67x |
| SME | 54 | +4.36% | +7.65% | 62.96% | 31.48% | 34.13x |
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 19 | -0.01% | -1.12% | 42.11% | 2.53x |
| 2025 | 24 | +0.64% | +3.10% | 50% | 9.95x |
| 2024 | 26 | +32.91% | +31.34% | 88.46% | 73.08x |
| 2023 | 16 | +13.38% | +19.91% | 75% | 42.45x |
| 2022 | 3 | +7.97% | +7.80% | 66.67% | 3.53x |
| 2021 | 9 | +30.65% | +37.22% | 77.78% | 52.59x |
| 2020 | 1 | +87.50% | +125% | 100% | 156.65x |
| 2019 | 3 | +21.27% | +33.81% | 100% | 36.21x |
| 2018 | 1 | +10% | +27.95% | 100% | 1.19x |
All 102 IPOs
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Fusion CX | 22 October 2026 | Mainboard | 289 | 702 | 4.68x | 305 | 289.65 | +5.54% | +0.22% |
| Eventions | 8 October 2026 | SME (NSE) | 118 | 38.12 | 1.36x | 111 | 105.45 | -5.93% | -10.64% |
| Pind Hospitality | 6 October 2026 | SME (BSE) | 99 | 17.81 | 2.77x | 79.20 | 75.24 | -20% | -24% |
| AceVector | 5 October 2026 | Mainboard | 32 | 420 | 5.07x | 28.32 | 26.08 | -11.50% | -18.50% |
| Robokidz Eduventures | 28 September 2026 | SME (BSE) | 106 | 31.09 | 833.64x | 201.40 | 211.45 | +90% | +99.48% |
| SS Retail | 23 September 2026 | Mainboard | 424 | 500 | 108.69x | 624 | 748.80 | +47.17% | +76.60% |
| Quanto Agroworld | 22 September 2026 | SME (BSE) | 67 | 31.02 | 1.45x | 66.99 | 63.65 | -0.01% | -5% |
| Rentomojo | 17 September 2026 | Mainboard | 404 | 1,255.57 | 72.88x | 482.45 | 534.25 | +19.42% | +32.24% |
| Purple Style Labs | 7 September 2026 | Mainboard | 575 | 680 | 1.36x | 535 | 568.55 | -6.96% | -1.12% |
| Complete Sports And Management | 4 September 2026 | SME (BSE) | 135 | 74.93 | 3.53x | 139 | 145.95 | +2.96% | +8.11% |
| Mopshop Distribution | 26 August 2026 | SME (BSE) | 138 | 27.26 | 1.64x | 137 | 130.15 | -0.72% | -5.69% |
| Fusion Klassroom | 7 August 2026 | SME (BSE) | 159 | 39.04 | 1.58x | 170 | 166.75 | +6.92% | +4.87% |
| Silverstorm Parks | 31 July 2026 | SME (BSE) | 133 | 82.43 | 2.53x | 132.90 | 126.55 | -0.08% | -4.85% |
| Vinit Mobile | 7 July 2026 | SME (NSE) | 158 | 34.13 | 1.67x | 155 | 147.25 | -1.90% | -6.80% |
| Waterways Leisure Tourism | 1 July 2026 | Mainboard | 808 | 585 | 1.46x | 681 | 668.10 | -15.72% | -17.31% |
| UHM Vacation | 11 June 2026 | SME (BSE) | 166 | 36 | 2.42x | 132.80 | 126.20 | -20% | -23.98% |
| Vegorama Punjabi Angithi | 27 May 2026 | SME (BSE) | 77 | 38.38 | 35.23x | 118.10 | 124 | +53.38% | +61.04% |
| Mehul Telecom | 24 April 2026 | SME (BSE) | 98 | 27.73 | 44.99x | 108 | 109.94 | +10.20% | +12.18% |
| Acetech E-Commerce | 9 March 2026 | SME (NSE) | 112 | 48.95 | 1.19x | 112 | 117.60 | 0% | +5% |
| Flywings Simulator Training Centre | 12 December 2025 | SME (NSE) | 191 | 57.05 | 1.75x | 195 | 204.75 | +2.09% | +7.20% |
| Western Overseas | 11 December 2025 | SME (BSE) | 56 | 10.07 | 1.46x | 54.90 | 52.16 | -1.96% | -6.86% |
| Meesho | 10 December 2025 | Mainboard | 111 | 5,421.20 | 79.02x | 162.50 | 170.09 | +46.40% | +53.23% |
| Helloji Holidays | 9 December 2025 | SME (BSE) | 118 | 10.96 | 30.23x | 118 | 123.90 | 0% | +5% |
| Physicswallah | 18 November 2025 | Mainboard | 109 | 3,480 | 1.81x | 145 | 155.24 | +33.03% | +42.42% |
| Lenskart Solutions | 10 November 2025 | Mainboard | 402 | 7,278.02 | 28.25x | 395 | 403.10 | -1.74% | +0.27% |
| Safecure Services | 6 November 2025 | SME (BSE) | 102 | 30.60 | 1.87x | 81.60 | 77.55 | -20% | -23.97% |
| Suba Hotels | 7 October 2025 | SME (NSE) | 111 | 75.47 | 15.40x | 154.20 | 161.90 | +38.92% | +45.86% |
| Jaro Institute of Technology Management and Research | 30 September 2025 | Mainboard | 890 | 450 | 22.06x | 890 | 744.25 | 0% | -16.38% |
| Urban Company | 17 September 2025 | Mainboard | 103 | 1,900 | 103.63x | 162.25 | 166.83 | +57.52% | +61.97% |
| Jay Ambe Supermarkets | 17 September 2025 | SME (BSE) | 78 | 18.45 | 45.09x | 79 | 82.95 | +1.28% | +6.35% |
| NIS Management | 2 September 2025 | SME (BSE) | 111 | 60.01 | 3.23x | 108 | 102.60 | -2.70% | -7.57% |
| Patel Retail | 26 August 2025 | Mainboard | 255 | 242.66 | 95.70x | 300 | 287.70 | +17.65% | +12.82% |
| LGT Business | 26 August 2025 | SME (BSE) | 107 | 28.09 | 1.31x | 85.60 | 81.35 | -20% | -23.97% |
| Umiya Mobile | 4 August 2025 | SME (BSE) | 66 | 24.88 | 2.62x | 69 | 68.78 | +4.55% | +4.21% |
| Brigade Hotel Ventures | 31 July 2025 | Mainboard | 90 | 759.60 | 4.48x | 81.10 | 85.32 | -9.89% | -5.20% |
| TSC India | 30 July 2025 | SME (NSE) | 70 | 25.89 | 73.50x | 68 | 71.40 | -2.86% | +2% |
| Travel Food Services | 14 July 2025 | Mainboard | 1,100 | 2,000 | 2.88x | 1,125 | 1,074.80 | +2.27% | -2.29% |
| Crizac | 9 July 2025 | Mainboard | 245 | 860 | 59.82x | 281.05 | 307.63 | +14.71% | +25.56% |
| Valencia India | 3 July 2025 | SME (BSE) | 110 | 48.95 | 1.34x | 88 | 83.60 | -20% | -24% |
| Schloss Bangalore | 2 June 2025 | Mainboard | 435 | 3,500 | 4.50x | 406 | 435.55 | -6.67% | +0.13% |
| Grand Continent Hotels | 27 March 2025 | SME (NSE) | 113 | 74.46 | 1.87x | 112.90 | 107.25 | -0.09% | -5.09% |
| Landmark Immigration | 23 January 2025 | SME (BSE) | 72 | 40.32 | 72.99x | 75 | 75.07 | +4.17% | +4.26% |
| Delta Autocorp | 14 January 2025 | SME (NSE) | 130 | 54.60 | 342.20x | 175 | 167.25 | +34.62% | +28.65% |
| Ventive Hospitality | 30 December 2024 | Mainboard | 643 | 1,600 | 9.80x | 716 | 704.35 | +11.35% | +9.54% |
| Sanathan Textiles | 27 December 2024 | Mainboard | 321 | 550 | 35.12x | 422.30 | 388.35 | +31.56% | +20.98% |
| Vishal Mega Mart | 18 December 2024 | Mainboard | 78 | 8,000 | 27.28x | 104 | 111.93 | +33.33% | +43.50% |
| Jungle Camps | 17 December 2024 | SME (BSE) | 72 | 29.42 | 494.66x | 136.80 | 129.96 | +90% | +80.50% |
| Swiggy | 13 November 2024 | Mainboard | 390 | 11,327.43 | 3.59x | 420 | 456 | +7.69% | +16.92% |
| Saj Hotels | 7 October 2024 | SME (NSE) | 65 | 27.63 | 5.44x | 55 | 52.45 | -15.38% | -19.31% |
| Thinking Hats Entertainment | 3 October 2024 | SME (NSE) | 44 | 15.09 | 322.35x | 60 | 57 | +36.36% | +29.55% |
| Sodhani Academy | 23 September 2024 | SME (BSE) | 40 | 6.12 | 438.77x | 53 | 55.65 | +32.50% | +39.12% |
| Mach Conferences | 11 September 2024 | SME (BSE) | 225 | 125.28 | 181.98x | 300 | 295.55 | +33.33% | +31.36% |
| Naturewings Holidays | 10 September 2024 | SME (BSE) | 74 | 7.03 | 383.53x | 95 | 90.25 | +28.38% | +21.96% |
| Baazar Style Retail | 6 September 2024 | Mainboard | 389 | 834.68 | 40.66x | 389 | 400 | 0% | +2.83% |
| Travels and Rentals | 5 September 2024 | SME (BSE) | 40 | 12.24 | 608.27x | 55 | 57.75 | +37.50% | +44.38% |
| Brainbees Solutions | 13 August 2024 | Mainboard | 465 | 4,193.73 | 12.22x | 651 | 679.10 | +40% | +46.04% |
| Winny Immigration | 27 June 2024 | SME (NSE) | 140 | 9.13 | 150.21x | 240 | 252 | +71.43% | +80% |
| Le Travenues Technology | 18 June 2024 | Mainboard | 93 | 740.10 | 98.10x | 138.10 | 165.72 | +48.49% | +78.19% |
| TBO Tek | 15 May 2024 | Mainboard | 920 | 1,550.81 | 86.50x | 1,426 | 1,406.30 | +55% | +52.86% |
| Finelistings Technologies | 14 May 2024 | SME (BSE) | 123 | 13.53 | 37.49x | 127 | 133.35 | +3.25% | +8.41% |
| Grill Splendour Services | 23 April 2024 | SME (NSE) | 120 | 16.47 | 8.74x | 121.30 | 127.35 | +1.08% | +6.13% |
| Blue Pebble | 3 April 2024 | SME (NSE) | 168 | 18.14 | 56.40x | 199 | 208.95 | +18.45% | +24.37% |
| Juniper Hotels | 28 February 2024 | Mainboard | 360 | 1,800 | 2.07x | 365 | 401.50 | +1.39% | +11.53% |
| Entero Healthcare | 16 February 2024 | Mainboard | 1,258 | 1,600 | 1.53x | 1,228.70 | 1,149.55 | -2.33% | -8.62% |
| Apeejay Surrendra Park Hotels | 12 February 2024 | Mainboard | 155 | 920 | 59.66x | 186 | 203.55 | +20% | +31.32% |
| Fonebox Retail | 2 February 2024 | SME (NSE) | 70 | 20.37 | 657.37x | 200 | 210 | +185.71% | +200% |
| DocMode Health | 2 February 2024 | SME (NSE) | 79 | 6.71 | 212.69x | 190.25 | 180.75 | +140.82% | +128.80% |
| Addictive Learning Technology | 30 January 2024 | SME (NSE) | 140 | 60.16 | 273.13x | 310 | 294.50 | +121.43% | +110.36% |
| Kaushalya Logistics | 8 January 2024 | SME (NSE) | 75 | 36.60 | 364.18x | 100 | 105 | +33.33% | +40% |
| Credo Brands | 27 December 2023 | Mainboard | 280 | 549.78 | 51.85x | 282.35 | 312.20 | +0.84% | +11.50% |
| Net Avenue Technologies | 8 December 2023 | SME (NSE) | 18 | 10.25 | 475.10x | 42 | 39.90 | +133.33% | +121.67% |
| Ondoor Concepts | 1 November 2023 | SME (NSE) | 208 | 31.18 | 5.25x | 214 | 203.40 | +2.88% | -2.21% |
| Womancart | 27 October 2023 | SME (NSE) | 86 | 9.56 | 60.94x | 117 | 122.85 | +36.05% | +42.85% |
| E Factor Experiences | 9 October 2023 | SME (NSE) | 75 | 25.92 | 68.05x | 115 | 120.75 | +53.33% | +61% |
| Yatra Online | 28 September 2023 | Mainboard | 142 | 775 | 1.61x | 127.50 | 135.90 | -10.21% | -4.30% |
| Sai Silks Kalamandir | 27 September 2023 | Mainboard | 222 | 1,201 | 4.40x | 231 | 244.90 | +4.05% | +10.32% |
| Samhi Hotels | 22 September 2023 | Mainboard | 126 | 1,370.10 | 5.33x | 134.50 | 143.40 | +6.75% | +13.81% |
| Vinsys IT | 11 August 2023 | SME (NSE) | 128 | 49.84 | 82.76x | 207.25 | 217.60 | +61.91% | +70% |
| Innovatus Entertainment | 4 August 2023 | SME (BSE) | 50 | 7.74 | 99.93x | 50 | 48.96 | 0% | -2.08% |
| Drone Destination | 21 July 2023 | SME (NSE) | 65 | 44.20 | 148.47x | 107.45 | 102.10 | +65.31% | +57.08% |
| Ahasolar Technologies | 21 July 2023 | SME (BSE) | 157 | 12.85 | 33.04x | 203 | 213.15 | +29.30% | +35.76% |
| Cell Point | 28 June 2023 | SME (NSE) | 100 | 50.34 | 5.76x | 100 | 95 | 0% | -5% |
| Exhicon Events | 17 April 2023 | SME (BSE) | 64 | 21.12 | 1.95x | 64 | 67.20 | 0% | +5% |
| Macfos | 1 March 2023 | SME (BSE) | 102 | 23.75 | 270.58x | 184 | 174.80 | +80.39% | +71.37% |
| Eastern Logica | 17 January 2023 | SME (BSE) | 225 | 16.94 | 1.71x | 270 | 283.50 | +20% | +26% |
| Electronics Mart | 17 October 2022 | Mainboard | 59 | 500 | 71.93x | 90 | 84.50 | +52.54% | +43.22% |
| Veranda Learning | 11 April 2022 | Mainboard | 137 | 200 | 3.53x | 125 | 131.25 | -8.76% | -4.20% |
| Vedant Fashions | 16 February 2022 | Mainboard | 866 | 3,149.19 | 2.57x | 935 | 933.55 | +7.97% | +7.80% |
| Medplus Health | 23 December 2021 | Mainboard | 796 | 1,398.30 | 52.59x | 1,040 | 1,121.15 | +30.65% | +40.85% |
| Go Fashion | 30 November 2021 | Mainboard | 690 | 1,013.61 | 135.46x | 1,310 | 1,253.70 | +89.86% | +81.70% |
| Sapphire Foods | 18 November 2021 | Mainboard | 1,180 | 2,073.25 | 6.62x | 1,350 | 1,211.55 | +14.41% | +2.67% |
| FSN E-commerce (Nykaa) | 10 November 2021 | Mainboard | 1,125 | 5,349.72 | 81.78x | 2,018 | 2,205.80 | +79.38% | +96.07% |
| 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% |
| Zomato | 23 July 2021 | Mainboard | 76 | 9,375 | 38.25x | 116 | 126 | +52.63% | +65.79% |
| Barbeque Nation | 7 April 2021 | Mainboard | 500 | 452.87 | 5.98x | 489.85 | 587.80 | -2.03% | +17.56% |
| Easy Trip Planners (EaseMyTrip) | 19 March 2021 | Mainboard | 187 | 510 | 159.33x | 212.25 | 208.45 | +13.50% | +11.47% |
| Burger King India (Restaurant Brands Asia) | 14 December 2020 | Mainboard | 60 | 810 | 156.65x | 112.50 | 135 | +87.50% | +125% |
| IRCTC | 14 October 2019 | Mainboard | 320 | 637.97 | 111.91x | 626 | 727.75 | +95.62% | +127.42% |
| IndiaMART Intermesh | 4 July 2019 | Mainboard | 973 | 475.59 | 36.21x | 1,180 | 1,301.95 | +21.27% | +33.81% |
| Chalet Hotels | 7 February 2019 | Mainboard | 280 | 1,641.18 | 1.57x | 294 | 291.70 | +5% | +4.18% |
| Lemon Tree Hotels | 9 April 2018 | Mainboard | 56 | 1,038.69 | 1.19x | 61.60 | 71.65 | +10% | +27.95% |