Check out the list of mainboard IPOs in 2023 in India. This 2023 IPO list 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.
Mainboard IPO 2023 List
| IPO Name | Listing Date | Allotment Price (INR) | Listing Return (%) |
|---|---|---|---|
| Innova Captab | 12/29/2023 | 448 | 20.85 |
| Azad Engineering | 12/28/2023 | 524 | 29.29 |
| Happy Forgings | 12/27/2023 | 850 | 21.27 |
| RBZ Jewellers | 12/27/2023 | 100 | 5.00 |
| Credo Brands | 12/27/2023 | 280 | 11.50 |
| Suraj Estate | 12/26/2023 | 360 | (7.08) |
| Muthoot Microfin | 12/26/2023 | 291 | (8.54) |
| Motisons Jewellers | 12/26/2023 | 55 | 88.27 |
| INOX India | 12/21/2023 | 660 | 42.42 |
| DOMS Industries | 12/20/2023 | 790 | 67.85 |
| India Shelter Finance | 12/20/2023 | 493 | 10.49 |
| Flair Writing | 12/1/2023 | 304 | 48.32 |
| Tata Technologies | 11/30/2023 | 500 | 162.60 |
| Gandhar Oil | 11/30/2023 | 169 | 78.34 |
| FedFina | 11/30/2023 | 140 | 0.18 |
| IREDA | 11/29/2023 | 32 | 87.50 |
| ASK Automotive | 11/15/2023 | 282 | 9.96 |
| Protean eGov | 11/13/2023 | 792 | 11.49 |
| ESAF Bank | 11/10/2023 | 60 | 15.08 |
| Mamaearth | 11/7/2023 | 324 | 4.04 |
| Cello World | 11/6/2023 | 648 | 22.18 |
| Blue Jet Healthcare | 11/1/2023 | 346 | 19.48 |
| IRM Energy | 10/26/2023 | 505 | (6.31) |
| Plaza Wires | 10/13/2023 | 54 | 48.52 |
| Valiant Laboratories | 10/6/2023 | 140 | 21.61 |
| Updater Services | 10/4/2023 | 300 | (5.37) |
| JSW Infra | 10/3/2023 | 119 | 32.18 |
| Manoj Vaibhav Gems | 10/3/2023 | 215 | 0.23 |
| Yatra Online | 9/28/2023 | 142 | (4.30) |
| Signature Global | 9/27/2023 | 385 | 19.10 |
| Sai Silks | 9/27/2023 | 222 | 10.32 |
| Zaggle Prepaid | 9/22/2023 | 164 | (3.45) |
| Samhi Hotels | 9/22/2023 | 126 | 13.81 |
| EMS Limited | 9/21/2023 | 211 | 32.65 |
| RR Kabel | 9/20/2023 | 1,035 | 15.75 |
| Jupiter Life Line Hospitals | 9/18/2023 | 735 | 46.36 |
| Ratnaveer Precision Engineering | 9/11/2023 | 98 | 31.99 |
| Rishabh Instruments | 9/11/2023 | 441 | 0.49 |
| Vishnu Prakash Punglia | 9/5/2023 | 99 | 47.17 |
| Aeroflex Industries | 8/31/2023 | 108 | 51.16 |
| Pyramid Technoplast | 8/29/2023 | 166 | 7.02 |
| TVS Supply Chain | 8/23/2023 | 197 | 2.03 |
| Concord Biotech | 8/18/2023 | 741 | 27.23 |
| SBFC Finance | 8/16/2023 | 57 | 61.75 |
| Yatharth Hospital | 8/7/2023 | 300 | 11.28 |
| Netweb Technologies | 7/27/2023 | 500 | 82.08 |
| Utkarsh Small Finance Bank | 7/21/2023 | 25 | 92.00 |
| Senco Gold | 7/14/2023 | 317 | 27.85 |
| Cyient DLM | 7/10/2023 | 265 | 58.72 |
| IdeaForge | 7/7/2023 | 672 | 92.70 |
| HMA Agro | 7/4/2023 | 585 | 0.12 |
| IKIO Lighting | 6/16/2023 | 285 | 41.70 |
| Mankind Pharma | 5/9/2023 | 1,080 | 31.69 |
| Avalon Technologies | 4/18/2023 | 436 | (8.72) |
| Udayshivakumar Infra | 4/3/2023 | 35 | (10.00) |
| Global Surfaces | 3/23/2023 | 140 | 22.18 |
| Divgi TorqTransfer | 3/14/2023 | 590 | 2.58 |
| Sah Polymers | 1/12/2023 | 65 | 37.31 |
| Radiant Cash Management | 1/4/2023 | 99 | 5.96 |
From this list of top IPOs in 2023, as many as 10 IPOs registered over 50% gains on the listing day.
IPO 2023 in Numbers
Total IPO listings in 2023: 60
Positive listings: 52
Negative listings: 8
Average listing day return: 28.03%
From the above data, it is clear that investors were generously rewarded with impressive returns from IPOs listed in 2023.
Best IPOs in 2023 with the Highest Listing Gains (Mainboard, Returns in %)
Check out the list of the top 10 Best IPOs in 2023 in India. This IPO 2023 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 on the NSE and BSE platforms during the year.
| IPO Name | Listing Date | Allotment Price (INR) | Listing Return (%) |
|---|---|---|---|
| Tata Technologies | 11/30/2023 | 500 | 162.60 |
| IdeaForge | 7/7/2023 | 672 | 92.70 |
| Utkarsh Small Finance Bank | 7/21/2023 | 25 | 92.00 |
| Motisons Jewellers | 12/26/2023 | 55 | 88.27 |
| IREDA | 11/29/2023 | 32 | 87.50 |
| Netweb Technologies | 7/27/2023 | 500 | 82.08 |
| Gandhar Oil | 11/30/2023 | 169 | 78.34 |
| DOMS Industries | 12/20/2023 | 790 | 67.85 |
| SBFC Finance | 8/16/2023 | 57 | 61.75 |
| Cyient DLM | 7/10/2023 | 265 | 58.72 |
We hope this 2023 IPO list has been helpful to you. Similar to this list of IPOs in 2023, 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 2025
List of Mainboard IPOs in 2024
List of Mainboard IPOs in 2022
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:
List of SME IPOs in 2025
List of SME IPOs in 2024
List of SME IPOs in 2023
List of SME IPOs in 2022
List of SME IPOs in 2021
List of SME IPOs in 2020
List of SME IPOs in 2019
List of SME IPOs in 2018
List of SME IPOs in 2017
If you want to check the list of Top IPOs by issue size, check the following links:
Biggest IPOs of 2025
Biggest IPOs of 2024
Biggest IPOs in 2023
Biggest IPOs in 2022
Biggest IPOs in 2021
You can also check the best IPO shares by sector:
Best IPOs by Sector in 2025
Best IPOs by Sector in 2024
Best IPOs by Sector in 2023
Best IPOs by Sector in 2022
Best IPOs by Sector in 2021
You can gain knowledge on the highly subscribed IPOs in other years below:
IPOs by Highest Subscription in 2025
IPOs by Highest Subscription in 2024
IPOs by Highest Subscription in 2023
IPOs by Highest Subscription in 2022
IPOs by Highest Subscription in 2021
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 the 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 2023 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 2023 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
At this point, we would also like to add a disclaimer.
No content on this website should be treated as a piece of investment advice. The idea behind this website is to spread financial literacy and to solicit discussion in our comments section. Please consult your financial advisor and undertake your due diligence before making any financial decision. In no way or circumstances, IPO Central will be responsible for your financial decisions. While we try to remain completely objective in our analysis and reviews, readers are responsible for the outcome of the decisions they make.