IT: IPO Track Record
Mostly SME (61 of 91). Its IPOs opened a median 2.12 percentage points above same-year listings; the median at open was 40.82% in 2024 and is 1.28% in 2026 so far.
Listed IPOs
91
30 mainboard, 61 SME
Amount raised
INR 35,465.96 crore
2018 to 2026
Median gain at open
+12.18%
listing day, vs issue price
Median gain at close
+15.11%
listing day, vs issue price
Opened above issue price
74.73%
share of listings
Closed below issue price
25.27%
on listing day
Median subscription
49.24x
total, final day
Vs same-year IPOs
+2.12
percentage points; median gap at open
Best listing: Esconet Technologies (+245.24% at open, 23 February 2024). Weakest: GenXAI Analytics (-20% at open, 12 June 2026).
Mainboard vs SME
| Segment | IPOs | Median gain at open | Median gain at close | Opened above issue | Closed below issue | Median subscription |
|---|---|---|---|---|---|---|
| Mainboard | 30 | +8.12% | +6.41% | 66.67% | 30% | 47.94x |
| SME | 61 | +14.43% | +17.79% | 78.69% | 22.95% | 49.24x |
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 16 | +1.28% | -0.42% | 50% | 17.54x |
| 2025 | 27 | +4.40% | +7.70% | 66.67% | 43.19x |
| 2024 | 20 | +40.82% | +44.66% | 95% | 157.09x |
| 2023 | 20 | +20.98% | +21.82% | 85% | 28.97x |
| 2022 | 1 | +5.47% | +0.74% | 100% | 2.72x |
| 2021 | 3 | +51.50% | +34.91% | 66.67% | 154.71x |
| 2020 | 1 | +110.84% | +123.46% | 100% | 150.98x |
| 2019 | 2 | +5.33% | +3.97% | 50% | 45.08x |
| 2018 | 1 | +3.71% | +3.02% | 100% | 8.25x |
All 91 IPOs
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| EverestIMS Technologies | 8 October 2026 | SME (BSE) | 85 | 48.46 | 294.28x | 126 | 119.70 | +48.24% | +40.82% |
| Dove Soft | 8 October 2026 | SME (BSE) | 111 | 73.26 | 1.43x | 110.30 | 104.80 | -0.63% | -5.59% |
| SRIT India | 6 October 2026 | Mainboard | 130 | 218.40 | 125.16x | 148 | 155.09 | +13.85% | +19.30% |
| Bench Mark Infotech | 5 October 2026 | SME (NSE) | 110 | 42.44 | 103.19x | 110 | 115.50 | 0% | +5% |
| ArMee Infotech | 30 September 2026 | Mainboard | 375 | 300 | 2.62x | 375 | 300 | 0% | -20% |
| ESDS Software | 4 September 2026 | Mainboard | 429 | 720 | 142.88x | 757 | 908.40 | +76.46% | +111.75% |
| ENS Enterprises | 21 August 2026 | SME (BSE) | 92 | 33.14 | 13.18x | 96 | 100.80 | +4.35% | +9.57% |
| Xtranet Technologies | 30 July 2026 | Mainboard | 127 | 166.80 | 12.24x | 136 | 129.20 | +7.09% | +1.73% |
| Sotefin Bharat | 23 July 2026 | SME (BSE) | 187 | 89.76 | 4.87x | 205 | 215.25 | +9.63% | +15.11% |
| Kratikal Tech | 7 July 2026 | SME (BSE) | 135 | 39.69 | 220.79x | 192 | 182.40 | +42.22% | +35.11% |
| CSM Technologies | 2 July 2026 | Mainboard | 113 | 145.78 | 1.36x | 113 | 107.35 | 0% | -5% |
| GenXAI Analytics | 12 June 2026 | SME (NSE) | 116 | 54.66 | 17.07x | 92.80 | 97.40 | -20% | -16.03% |
| Mobilise App Lab | 2 March 2026 | SME (NSE) | 80 | 20.10 | 100.15x | 64.10 | 67.30 | -19.88% | -15.88% |
| Marushika Technology | 19 February 2026 | SME (NSE) | 117 | 26.97 | 18.01x | 120 | 114 | +2.56% | -2.56% |
| Fractal Analytics | 16 February 2026 | Mainboard | 900 | 2,833.94 | 2.66x | 876 | 847.15 | -2.67% | -5.87% |
| Amagi Media Labs | 21 January 2026 | Mainboard | 361 | 1,788.62 | 30.22x | 318 | 348.25 | -11.91% | -3.53% |
| EPW India | 30 December 2025 | SME (NSE) | 97 | 31.81 | 1.39x | 111 | 116.55 | +14.43% | +20.15% |
| Prodocs Solutions | 15 December 2025 | SME (BSE) | 138 | 27.60 | 2.74x | 144 | 151.20 | +4.35% | +9.57% |
| MethodHub Software | 12 December 2025 | SME (BSE) | 194 | 102.49 | 28.98x | 155.20 | 162.90 | -20% | -16.03% |
| Logiciel Solutions | 5 December 2025 | SME (BSE) | 193 | 39.90 | 2.09x | 154.40 | 146.70 | -20% | -23.99% |
| Exato Technologies | 5 December 2025 | SME (BSE) | 140 | 37.45 | 947.28x | 266 | 279.30 | +90% | +99.50% |
| Excelsoft Technologies | 26 November 2025 | Mainboard | 120 | 500 | 43.19x | 135 | 125.97 | +12.50% | +4.97% |
| Capillary Technologies | 21 November 2025 | Mainboard | 577 | 877.50 | 52.95x | 571.90 | 606.50 | -0.88% | +5.11% |
| Workmates Core2Cloud | 18 November 2025 | SME (BSE) | 204 | 69.84 | 141.45x | 387.60 | 368.25 | +90% | +80.51% |
| Infinity Infoway | 8 October 2025 | SME (BSE) | 155 | 24.43 | 277.28x | 294.50 | 309.20 | +90% | +99.48% |
| Praruh Technologies | 1 October 2025 | SME (BSE) | 63 | 23.50 | 1.29x | 63 | 64.25 | 0% | +1.98% |
| Matrix Geo | 30 September 2025 | SME (NSE) | 104 | 40.20 | 7.77x | 103.90 | 99.15 | -0.10% | -4.66% |
| iValue Infosolutions | 25 September 2025 | Mainboard | 299 | 560.30 | 1.82x | 284.95 | 281.85 | -4.70% | -5.74% |
| TechD Cybersecurity | 22 September 2025 | SME (NSE) | 193 | 38.99 | 718.37x | 366.70 | 385 | +90% | +99.48% |
| Austere Systems | 12 September 2025 | SME (BSE) | 55 | 15.57 | 1,077.12x | 75.55 | 79.32 | +37.36% | +44.22% |
| Optivalue Tek | 10 September 2025 | SME (NSE) | 84 | 51.82 | 64.52x | 103.60 | 102.60 | +23.33% | +22.14% |
| Globtier Infotech | 2 September 2025 | SME (BSE) | 72 | 31.05 | 1.39x | 57.60 | 54.72 | -20% | -24% |
| Icodex Publishing Solutions | 19 August 2025 | SME (BSE) | 102 | 42.03 | 4x | 81.60 | 77.55 | -20% | -23.97% |
| Takyon Networks | 6 August 2025 | SME (BSE) | 54 | 20.48 | 21.89x | 55.85 | 55.72 | +3.43% | +3.19% |
| GNG Electronics | 30 July 2025 | Mainboard | 237 | 460.44 | 147.93x | 355 | 333.39 | +49.79% | +40.67% |
| Meta Infotech | 11 July 2025 | SME (BSE) | 161 | 80.13 | 167.05x | 225 | 236.25 | +39.75% | +46.74% |
| Ace Alpha Tech | 3 July 2025 | SME (BSE) | 69 | 32.22 | 101.83x | 81 | 85.05 | +17.39% | +23.26% |
| Unified DataTech Solutions | 29 May 2025 | SME (BSE) | 273 | 144.47 | 91.38x | 285 | 299.25 | +4.40% | +9.62% |
| Virtual Galaxy | 19 May 2025 | SME (NSE) | 142 | 93.29 | 231.53x | 180 | 189 | +26.76% | +33.10% |
| Infonative Solutions | 8 April 2025 | SME (BSE) | 79 | 24.71 | 4.58x | 63.20 | 60.04 | -20% | -24% |
| Identixweb | 3 April 2025 | SME (BSE) | 54 | 16.63 | 26.23x | 55 | 57.75 | +1.85% | +6.94% |
| Hexaware Technologies | 19 February 2025 | Mainboard | 708 | 8,750 | 2.66x | 745.50 | 762.55 | +5.30% | +7.70% |
| Capital Numbers Infotech | 27 January 2025 | SME (BSE) | 263 | 169.37 | 134.70x | 274 | 261.35 | +4.18% | -0.63% |
| Inventurus Knowledge Solutions | 19 December 2024 | Mainboard | 1,329 | 2,497.92 | 52.68x | 1,900 | 1,960.85 | +42.96% | +47.54% |
| Sagility India | 12 November 2024 | Mainboard | 30 | 2,106.40 | 3.20x | 31.06 | 29.32 | +3.53% | -2.27% |
| Paramatrix Technologies | 4 September 2024 | SME (NSE) | 110 | 33.84 | 9.10x | 115.05 | 120.80 | +4.59% | +9.82% |
| Orient Technologies | 28 August 2024 | Mainboard | 206 | 214.76 | 151.71x | 288 | 302.40 | +39.81% | +46.80% |
| Unicommerce eSolutions | 13 August 2024 | Mainboard | 108 | 276.57 | 168.35x | 235 | 210.08 | +117.59% | +94.52% |
| SA Tech Software India | 2 August 2024 | SME (NSE) | 59 | 23.01 | 621.37x | 112.10 | 117.70 | +90% | +99.49% |
| Sattrix Information | 12 June 2024 | SME (BSE) | 121 | 21.78 | 70.50x | 150 | 157.50 | +23.97% | +30.17% |
| 3C IT Solutions & Telecoms | 12 June 2024 | SME (BSE) | 52 | 11.44 | 20.27x | 43.01 | 45.16 | -17.29% | -13.15% |
| Aztec Fluids | 17 May 2024 | SME (BSE) | 67 | 24.12 | 203.03x | 90 | 85.50 | +34.33% | +27.61% |
| Slone Infosystems | 10 May 2024 | SME (NSE) | 79 | 11.06 | 648.30x | 118.50 | 112.60 | +50% | +42.53% |
| TAC Infosec | 5 April 2024 | SME (NSE) | 106 | 29.99 | 421.96x | 290 | 304.50 | +173.58% | +187.26% |
| Trust Fintech | 4 April 2024 | SME (NSE) | 101 | 63.45 | 108.71x | 143.25 | 150.40 | +41.83% | +48.91% |
| Enser Communications | 22 March 2024 | SME (NSE) | 70 | 16.17 | 7.33x | 72 | 70.10 | +2.86% | +0.14% |
| Enfuse Solutions | 22 March 2024 | SME (NSE) | 96 | 22.44 | 357.39x | 115 | 115.45 | +19.79% | +20.26% |
| Esconet Technologies | 23 February 2024 | SME (NSE) | 84 | 28.22 | 507.32x | 290 | 275.50 | +245.24% | +227.98% |
| Rashi Peripherals | 14 February 2024 | Mainboard | 311 | 600 | 59.71x | 339.50 | 321.50 | +9.16% | +3.38% |
| BLS E-Services | 6 February 2024 | Mainboard | 135 | 309.29 | 162.47x | 305 | 366 | +125.93% | +171.11% |
| Delaplex | 2 February 2024 | SME (NSE) | 192 | 46.08 | 177.86x | 309 | 324.45 | +60.94% | +68.98% |
| Brisk Technovision | 31 January 2024 | SME (BSE) | 156 | 12.48 | 47.15x | 175 | 183.75 | +12.18% | +17.79% |
| Euphoria Infotech | 30 January 2024 | SME (BSE) | 100 | 9.60 | 383.91x | 190 | 181.51 | +90% | +81.51% |
| Trident Techlabs | 29 December 2023 | SME (NSE) | 35 | 16.03 | 681.90x | 98.15 | 103.05 | +180.43% | +194.43% |
| Benchmark Computer Solutions | 21 December 2023 | SME (BSE) | 66 | 12.24 | 206.51x | 80 | 77.12 | +21.21% | +16.85% |
| Tata Technologies | 30 November 2023 | Mainboard | 500 | 3,042.51 | 69.43x | 1,200 | 1,313 | +140% | +162.60% |
| ROX Hi-Tech | 16 November 2023 | SME (NSE) | 83 | 54.49 | 178.16x | 135 | 141.75 | +62.65% | +70.78% |
| Protean eGov | 13 November 2023 | Mainboard | 792 | 489.95 | 23.86x | 792 | 883 | 0% | +11.49% |
| Micropro Software | 10 November 2023 | SME (NSE) | 81 | 30.70 | 34.08x | 80 | 76 | -1.23% | -6.17% |
| Canarys Automations | 11 October 2023 | SME (NSE) | 31 | 47.03 | 8.95x | 43.45 | 41.30 | +40.16% | +33.23% |
| NewJaisa Technologies | 5 October 2023 | SME (NSE) | 47 | 39.93 | 6.44x | 71 | 70.80 | +51.06% | +50.64% |
| Kody Technolab | 27 September 2023 | SME (NSE) | 160 | 27.52 | 45.03x | 170 | 178.50 | +6.25% | +11.56% |
| Zaggle Prepaid Ocean Services | 22 September 2023 | Mainboard | 164 | 563.38 | 12.55x | 164 | 158.35 | 0% | -3.45% |
| Yudiz Solutions | 17 August 2023 | SME (NSE) | 165 | 44.84 | 4.75x | 185 | 181.40 | +12.12% | +9.94% |
| Netweb Technologies | 27 July 2023 | Mainboard | 500 | 631 | 90.36x | 947 | 910.40 | +89.40% | +82.08% |
| AccelerateBS India | 19 July 2023 | SME (BSE) | 90 | 5.69 | 49.24x | 109.50 | 114.97 | +21.67% | +27.74% |
| Synoptics Technologies | 13 July 2023 | SME (NSE) | 237 | 54.04 | 2.48x | 238 | 226.10 | +0.42% | -4.60% |
| Veefin Solutions | 5 July 2023 | SME (BSE) | 82 | 46.73 | 2.41x | 86.05 | 90.22 | +4.94% | +10.02% |
| Sahana System | 12 June 2023 | SME (NSE) | 135 | 32.74 | 9.49x | 163 | 171.15 | +20.74% | +26.78% |
| Quicktouch Technologies | 2 May 2023 | SME (NSE) | 61 | 9.33 | 107.26x | 92 | 96.60 | +50.82% | +58.36% |
| Sancode Technologies | 18 April 2023 | SME (BSE) | 47 | 5.15 | 3.58x | 64 | 60.80 | +36.17% | +29.36% |
| Vertexplus Technologies | 15 March 2023 | SME (NSE) | 96 | 14.20 | 10.46x | 101 | 106.05 | +5.21% | +10.47% |
| Systango Technologies | 15 March 2023 | SME (NSE) | 90 | 34.82 | 61.69x | 98 | 102.90 | +8.89% | +14.33% |
| eMudhra | 1 June 2022 | Mainboard | 256 | 412.79 | 2.72x | 270 | 257.90 | +5.47% | +0.74% |
| CE Infosystems (MapMyIndia) | 21 December 2021 | Mainboard | 1,033 | 1,039.61 | 154.71x | 1,565 | 1,393.65 | +51.50% | +34.91% |
| Rategain Travel Technologies | 17 December 2021 | Mainboard | 425 | 1,335.74 | 17.41x | 360 | 340.05 | -15.29% | -19.99% |
| Latent View Analytics | 23 November 2021 | Mainboard | 197 | 600 | 326.49x | 512.20 | 488.75 | +160% | +148.10% |
| Happiest Minds Technologies | 17 September 2020 | Mainboard | 166 | 702.02 | 150.98x | 350 | 370.95 | +110.84% | +123.46% |
| Affle India | 8 August 2019 | Mainboard | 745 | 459 | 86.91x | 926 | 873.65 | +24.30% | +17.27% |
| Xelpmoc Design | 4 February 2019 | Mainboard | 66 | 23 | 3.25x | 57 | 59.85 | -13.64% | -9.32% |
| Newgen Software | 29 January 2018 | Mainboard | 245 | 424.62 | 8.25x | 254.10 | 252.40 | +3.71% | +3.02% |