Check out the list of Best IPOs in 2022 in India. This IPO 2022 page is intended to be a one-stop destination for all your IPO performance queries in the year. The list contains all mainboard equity IPOs listed at NSE and BSE platforms during the year.
Best IPOs in 2022 with highest listing gains (mainboard, returns in %)
|IPO Name||Listing Date||IPO Price||Listing||1 Week||4 Week||6 Week||Current|
|HariOm Pipe Industries||4/13/2022||153||51.0||43.1||27.3||30.9||344.1|
|Prudent Corporate Advisory||5/20/2022||630||-10.8||-18.7||-20.7||-22.5||108.6|
|Venus Pipes & Tubes||5/24/2022||326||8.7||1.2||0.3||4.3||316.0|
|Tamilnad Mercantile Bank||9/15/2022||510||-0.1||-3.2||-8.7||0.9||3.4|
|Five Star Business Finance||11/21/2022||474||3.4||5.4||25.5||27.7||57.9|
|Archean Chemical Industries||11/21/2022||407||12.6||32.6||25.4||29.1||36.0|
|Inox Green Energy||11/23/2022||65||#N/A||#N/A||#N/A||#N/A||#N/A|
|Dharmaj Crop Guard||12/8/2022||237||12.4||-1.5||-15.2||-19.8||13.7|
*Figures marked as NA are yet to be updated
#1 HariOm Pipe Industries – First among best IPOs in 2022
An integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron, HariOm Pipe Industries caters to the southern and western Indian markets. The company manufactures MS Pipes and Scaffoldings of more than 150 different specifications and caters, directly and indirectly, to customer requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power and engineering. HariOm Pipe is among the best IPOs in 2022 in terms of listing gains and it also rewarded investors post listing, eventually doubling from IPO price.
Revenue FY 2021 – INR 254.8 crore
Net Income FY 2021 – INR 15.1 crore
Net Margin FY 2021 – 5.9%
ROCE – 21.38%
#2 DCX Systems
Headquartered in Bengaluru, Karnataka, DCX Systems is engaged in manufacturing electronic sub-systems and cable harnesses. It is a fast-growing company serving the Indian Defense Sector. DCX Systems is a reputed Indian Offset Partner for ELTA Systems Limited, Israel Aerospace Industries Limited, System Missiles, and Space Division. While among the top IPOs in 2022, its post-listing performance wasn’t good as it slid close to IPO levels.
Revenue FY 2022 – INR 1,124.33 crore
Net Income FY 2022 – INR 65.61 crore
Net Margin FY 2022 – 5.84%
ROCE – 13.15%
#3 Harsha Engineers
Harsha Engineers is the largest manufacturer of precision bearing cages in organized sector in India in terms of capacity and operations and has a global market share of approximately 5-6% in the organized segment of the global brass, steel and polyamide bearing cages market in terms of revenue. The company holds more than 50% of the market share in the Indian bearing cages market in the organized segment for brass, steel and polyamide cages. Harsha Engineers also manufactures complex and specialised precision stamped components for automotive and industrial customers. The company has entered into arrangements to stock inventory in warehouses spread across more than 15 locations across the world including in, Europe, US, China and South America.
Revenue FY 2022 – INR 1,331.5 crore
Net Income FY 2022 – INR 93.4 crore
Net Margin FY 2022 – 7.1%
ROCE – 23%
#4 Electronics Mart
The company is India’s 4th largest consumer durable and electronics retailer with dominance in the states of Telangana and Andhra Pradesh. It has been one of the fastest growing consumer durable & electronics retailers in India with a revenue CAGR of 25.60% from Financial Year 2015 to Financial Year 2020. As on 15 August 2021, the company had 99 stores across 31 cities. The company offers a diversified range of products with focus on large appliances (air conditioners, televisions, washing machines and refrigerators), mobiles and small appliances, IT and others.
Revenue FY 2022 – INR 4,349.3 crore
Net Income FY 2022 – INR 104.6 crore
Net Margin FY 2022 – 2.40%
ROCE – 17.42%
#5 Ruchi Soya
As one of the largest FMCG companies in Indian edible oil sector, Ruchi Soya finds a place among the top IPOs in 2022. The company is present across the entire value chain in palm and soya segment, with a healthy mix of upstream and downstream business. The company is also into the wind power generation business, where the renewable power generated is used for sale and for captive use. As on 31 December 2020, it generated wind power at a total aggregate amount of 85.2 MW across eleven locations and six states.
Revenue FY 2021 – INR 16,383 crore
Net Income FY 2021 – INR 680.8 crore
Net Margin FY 2021 – 4.2%
ROCE – 11.07%
#6 DreamFolks Services
DreamFolks is India’s largest airport service aggregator platform facilitating an enhanced airport experience to passengers. Its asset-light business model facilitates access to 100% of the 54 lounges currently operational in India, and also enjoyed a market share of over 95% of all India issued credit card and debit card (Card Based) access to airport lounges in FY 2022. Additionally, in Fiscal 2022 it also accounted for around 68% of the overall lounge access volume in India. As at 31 March 2022, it has a global footprint extending to 1,416 touch-points in 121 countries across the world through partnerships with other service providers.
Revenue FY 2022 – INR 282.5 crore
Net Income FY 2022 – INR 16.6 crore
Net Margin FY 2022 – 5.9%
ROCE – 23.99%
#7 Syrma SGS
Syrma SGS is a technology-focussed engineering and design player and is one of the fastest growing Indian-headquartered ESDM companies. The company is engaged in turnkey electronics manufacturing services (EMS), specialising in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries. It is one of the leading PCBA manufacturers in India, supplying to various OEMs and assemblers in the market. The company is also amongst the top key global manufacturers of custom RFID tags.
Revenue FY 2022 – INR 1,032.4 crore
Net Income FY 2022 – INR 56.5 crore
Net Margin FY 2022 – 5.5%
ROCE – 19.1%
#8 Campus Activewear – Sustained Listing Gains
Campus Shoes is the largest sports and athleisure footwear brand in India in terms of value and volume in Fiscal 2021. It had approximately 15% market share in the branded sports and athleisure footwear industry in India by value for Fiscal 2020, which increased to approximately 17% in Fiscal 2021. The company had over 400 distributors directly servicing and fulfilling orders of over 18,200 geographically mapped retailers at a pan-India level as on September 30, 2021. This entry among the best IPOs in 2022 also it also sustained listing gains in subsequent sessions.
Revenue FY 2021 – INR 715.1 crore
Net Income FY 2021 – INR 26.9 crore
Net Margin FY 2021 – 3.8%
ROCE – 18.54%
#9 Global Health
Global Health is one of the largest private multi-specialty tertiary care providers operating in the North and East regions of India in terms of bed capacity and operating revenues amongst the players that operate in the North and East regions of India, as of and for the financial year ended 31 March 2022, with key specialties of cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedics, liver transplant, and kidney and urology. As at 30 June 2022, it provides healthcare services in over 30 medical specialties and engage over 1,300 doctors led by experienced department heads and, spanning an area of 4.7 million sq. ft., its operational hospitals have 2,467 installed beds.
Revenue FY 2022 – INR 2,166.6 crore
Net Income FY 2022 – INR 196.2 crore
Net Margin FY 2022 – 9.06%
ROCE – 12.14%
#10 Aether Industries
Aether Industries is a specialty chemical manufacturer focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies. As of 30 September 2021, its product portfolio comprised over 22 products. Aether Industries is the sole manufacturer in India of 4MEP, MMBC, T2E, OTBN, NODG, DVL and Bifenthrin Alcohol, and was among the largest manufacturers in the world by volume for 4MEP, T2E, NODG and HEEP.
Revenue FY 2021 – INR 453.8 crore
Net Income FY 2021 – INR 71.1 crore
Net Margin FY 2021 – 15.7%
ROCE – 21.72%
Best IPOs in 2022 in Numbers
Total listings: 39
Positive listings: 24
Negative listings: 15
Average listing day return: 10.4%
We hope this IPO 2022 list has been helpful to you. Similar to this list of best IPOs in 2022, we have compiled data for other years. Here are some quick links to help you in navigating mainboard IPOs on this site:
List of mainboard IPOs in 2023
List of mainboard IPOs in 2021
List of mainboard IPOs in 2020
List of mainboard IPOs in 2019
List of mainboard IPOs in 2018
List of mainboard IPOs in 2017
List of mainboard IPOs in 2016
In case you are interested in SME IPOs, here are some quick links:
Don’t forget to check IPO Grey Market and Discussion section on our site to see how other investors on Dalal Street are receiving the current IPOs. A look at the past performance of IPOs is also helpful in identifying best performing IPOs. In case you are struggling to keep yourself updated about dates of upcoming IPOs, check our IPO Calendar.
If you are a regular reader of IPO Central, you already know the best IPOs in 2022 and that we do all the leg work like pulling out data from SEBI and lead managers’ websites. However, in case you are interested in knowing more and picking top IPOs in 2022 through your own research, here are some of our best articles to help you.
- Step by step process to identify good IPOs
- Investors need IPO exit strategy, here is why
- Best IPOs that doubled investors’ money in 5 years
- 7 common IPO mistakes and how to avoid them
- All-time largest IPOs in India at a glance
- 5 tips to increase IPO allotment chances
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