Telecommunication: IPO Track Record
Listed IPOs
10
6 mainboard, 4 SME
Amount raised
INR 37,363.64 crore
2020 to 2026
Median gain at open
+26.91%
listing day, vs issue price
Median gain at close
+35.89%
listing day, vs issue price
Opened above issue price
90%
share of listings
Closed below issue price
20%
on listing day
Median subscription
40.92x
total, final day
Vs same-year IPOs
+15.16
percentage points; median gap at open
Best listing: Route Mobile (+104.86% at open, 21 September 2020). Weakest: Kore Digital (0% at open, 14 June 2023).
Mainboard vs SME
| Segment | IPOs | Median gain at open | Median gain at close | Opened above issue | Closed below issue | Median subscription |
|---|---|---|---|---|---|---|
| Mainboard | 6 | +26.91% | +35.89% | 100% | 16.67% | 36.13x |
| SME | 4 | +47.94% | +50.04% | 75% | 25% | 75.89x |
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 2 | +43.40% | +37.79% | 100% | 59.73x |
| 2025 | 2 | +4.31% | +0.06% | 100% | 1.62x |
| 2024 | 1 | +32.46% | +42.68% | 100% | 29.88x |
| 2023 | 3 | +90% | +99.49% | 66.67% | 112.33x |
| 2021 | 1 | +15.96% | +29.10% | 100% | 42.39x |
| 2020 | 1 | +104.86% | +86.09% | 100% | 73.30x |
All 10 IPOs
| 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% |
| Orient Cables | 5 October 2026 | Mainboard | 272 | 552 | 97.28x | 450 | 405 | +65.44% | +48.90% |
| Pace Digitek | 6 October 2025 | Mainboard | 219 | 819.15 | 1.59x | 225 | 217.99 | +2.74% | -0.46% |
| Rama Telecom | 2 July 2025 | SME (NSE) | 68 | 25.13 | 1.66x | 72 | 68.40 | +5.88% | +0.59% |
| Bharti Hexacom | 12 April 2024 | Mainboard | 570 | 4,275 | 29.88x | 755 | 813.30 | +32.46% | +42.68% |
| SAR Televenture | 8 November 2023 | SME (NSE) | 55 | 24.75 | 276.70x | 105 | 110.25 | +90.91% | +100.45% |
| Bondada Engineering | 30 August 2023 | SME (BSE) | 75 | 42.72 | 112.33x | 142.50 | 149.62 | +90% | +99.49% |
| Kore Digital | 14 June 2023 | SME (NSE) | 180 | 18 | 39.46x | 180 | 179 | 0% | -0.56% |
| RailTel | 26 February 2021 | Mainboard | 94 | 819.24 | 42.39x | 109 | 121.35 | +15.96% | +29.10% |
| Route Mobile | 21 September 2020 | Mainboard | 350 | 600 | 73.30x | 717 | 651.30 | +104.86% | +86.09% |