IPO archive

IPOs of 2025: listing gains and returns

Every mainboard and SME IPO on NSE that closed in 2025, with issue size, subscription, listing-day gain and return to date. A record of what actually happened after listing.

2025 at a glance

Listing gain: listing-day open vs issue price. Return to date: latest NSE close (8 Oct 2026) vs issue price. Median, so a few extreme listings do not distort it.
IPOsListed with price dataMedian listing gainListed above issue priceMedian return to dateTrading above issue price now
Mainboard10199+6.0%70%−9.2%47%
SME117116+5.5%63%+2.8%52%

Mainboard IPOs (101)

CompanyBoardListedIssue priceSizeSubscribedListing gainReturn to date
Gujarat Kidney and Super SpecialityMain30 Dec 2025₹114₹250.8 cr5.21×+5.3%+58.5%
KSH InternationalMain23 Dec 2025₹384₹710.0 cr0.83×−3.7%+165.0%
ICICI Prudential Asset Management CompanyMain19 Dec 2025₹2,165₹10,603 cr39.17×+20.1%+41.6%
Nephrocare Health ServicesMain17 Dec 2025₹460₹871.1 cr13.96×+6.5%+36.3%
Park Medi WorldMain17 Dec 2025₹162₹920.0 cr8.10×−2.0%+61.0%
Wakefit InnovationsMain15 Dec 2025₹195₹1,289 cr2.52×0.0%−33.1%
Corona RemediesMain15 Dec 2025₹1,062₹655.4 cr137×+38.4%+87.7%
Vidya WiresMain10 Dec 2025₹52₹300.0 cr26.59×0.0%+88.5%
AequsMain10 Dec 2025₹124₹921.8 cr102×+12.9%+116.1%
MeeshoMain10 Dec 2025₹111₹5,421 cr79.03×+46.4%+109.2%
Sudeep PharmaMain28 Nov 2025₹593₹895.0 cr93.72×+23.1%+88.0%
Excelsoft TechnologiesMain26 Nov 2025₹120₹500.0 cr43.19×+12.5%−32.5%
Capillary Technologies IndiaMain21 Nov 2025₹577₹877.5 cr52.95×−0.9%−4.0%
Fujiyama Power SystemsMain20 Nov 2025₹228₹828.0 cr2.14×−3.5%+79.5%
Tenneco Clean Air IndiaMain19 Nov 2025₹397₹3,600 cr58.83×+27.2%+18.1%
PhysicswallahMain18 Nov 2025₹109₹3,480 cr1.81×+33.0%+28.9%
Emmvee Photovoltaic PowerMain18 Nov 2025₹217₹2,900 cr0.97×0.0%+39.2%
Pine LabsMain14 Nov 2025₹221₹2,083 cr2.46×+9.5%−23.2%
Billionbrains Garage VenturesMain12 Nov 2025₹100₹6,632 cr17.60×+12.0%+92.6%
Lenskart SolutionsMain10 Nov 2025₹402₹2,165 cr28.26×−1.7%+62.7%
Studds AccessoriesMain7 Nov 2025₹585₹455.5 cr73.25×−3.4%−28.9%
Orkla IndiaMain6 Nov 2025₹730₹1,668 cr48.73×+2.8%−24.7%
MidwestMain24 Oct 2025₹1,065₹451.0 cr87.89×+9.4%−7.1%
Rubicon ResearchMain16 Oct 2025₹485₹1,378 cr104×+27.8%+216.6%
Canara Robeco Asset Management CompanyMain16 Oct 2025₹266₹1,326 cr9.74×+5.4%−17.0%
LG Electronics IndiaMain14 Oct 2025₹1,140₹11,607 cr54.02×+50.0%+51.1%
WeWork India ManagementMain10 Oct 2025₹648₹3,000 cr1.15×+0.3%+2.5%
Advance AgrolifeMain8 Oct 2025₹100₹192.9 cr56.85×+14.0%+13.9%
Om Freight ForwardersMain8 Oct 2025₹135₹122.3 cr3.87×−39.6%−21.0%
Fabtech TechnologiesMain7 Oct 2025₹191₹230.4 cr2.03×+0.5%−27.2%
GlottisMain7 Oct 2025₹129₹307.0 cr2.05×−34.9%−56.1%
Pace DigitekMain6 Oct 2025₹219₹819.2 cr1.59×+2.7%−26.1%
TruAlt BioenergyMain3 Oct 2025₹496₹839.3 cr71.92×+10.0%−14.5%
Jinkushal IndustriesMain3 Oct 2025₹121₹116.2 cr65.10×+3.3%−14.5%
Jain Resource RecyclingMain1 Oct 2025₹232₹1,250 cr15.90×+14.3%+21.1%
Epack Prefab TechnologiesMain1 Oct 2025₹204₹504.0 cr3.07×−9.9%+25.7%
BMW VenturesMain1 Oct 2025₹99₹231.7 cr1.50×−21.2%−49.8%
Seshaasai TechnologiesMain30 Sep 2025₹423₹813.1 cr68.13×+2.1%−16.3%
Solarworld Energy SolutionsMain30 Sep 2025₹351₹490.0 cr65.01×+10.7%−64.4%
Jaro Institute of Technology Management and ResearchMain30 Sep 2025₹890₹450.0 cr22.06×0.0%−54.6%
Anand Rathi Share and Stock BrokersMain30 Sep 2025₹414₹745.0 cr20.66×+4.4%+29.8%
Ganesh Consumer ProductsMain29 Sep 2025₹322₹408.8 cr2.67×−8.1%−53.2%
Atlanta ElectricalsMain29 Sep 2025₹754₹687.3 cr70.63×+13.7%+139.6%
GK EnergyMain26 Sep 2025₹153₹464.3 cr89.62×+11.8%−26.0%
Saatvik Green EnergyMain26 Sep 2025₹465₹900.0 cr6.57×––
Ivalue InfosolutionsMain25 Sep 2025₹299₹560.3 cr1.82×−4.7%−23.9%
VMS TMTMain24 Sep 2025₹99₹148.5 cr102×+6.0%−54.9%
Euro Pratik SalesMain23 Sep 2025₹247₹451.3 cr1.34×+10.2%−29.6%
Urban CompanyMain17 Sep 2025₹103₹1,898 cr104×+57.5%+55.6%
Shringar House of MangalsutraMain17 Sep 2025₹165₹401.0 cr60.29×+14.2%+32.5%
Dev AcceleratorMain17 Sep 2025₹61₹143.4 cr63.97×0.0%−36.0%
Amanta HealthcareMain9 Sep 2025₹126₹126.0 cr82.61×+7.1%+56.2%
Anlon HealthcareMain3 Sep 2025₹91₹121.0 cr7.13×+1.1%−70.6%
Vikran EngineeringMain3 Sep 2025₹97₹772.0 cr23.59×+2.1%−41.5%
Mangal Electrical IndustriesMain28 Aug 2025₹561₹400.0 cr9.46×−0.9%−52.6%
Gem AromaticsMain26 Aug 2025₹325₹451.3 cr30.27×+2.5%−54.9%
Shreeji Shipping GlobalMain26 Aug 2025₹252₹410.7 cr58.10×+7.1%+217.8%
Vikram SolarMain26 Aug 2025₹332₹2,079 cr54.63×+1.8%−56.8%
Patel RetailMain26 Aug 2025₹255₹242.8 cr95.70×+17.7%−10.0%
Regaal ResourcesMain20 Aug 2025₹102₹306.0 cr160×+38.2%−18.3%
BlueStone Jewellery and LifestyleMain19 Aug 2025₹517₹1,541 cr2.70×−1.4%+54.6%
All Time PlasticsMain14 Aug 2025₹275₹400.6 cr8.34×+13.2%−36.2%
JSW CementMain14 Aug 2025₹147₹3,600 cr7.77×+4.4%−23.2%
Highway InfrastructureMain12 Aug 2025₹70₹130.0 cr301×+64.3%−31.9%
Sri Lotus Developers and RealtyMain6 Aug 2025₹150₹792.0 cr69.14×+18.7%+55.8%
M&B EngineeringMain6 Aug 2025₹385₹650.0 cr36.20×0.0%−31.0%
National Securities DepositoryMainBSE only–₹4,012 cr41.01×––
Laxmi India FinanceMain5 Aug 2025₹158₹254.3 cr1.87×−13.0%−32.5%
Aditya InfotechMain5 Aug 2025₹675₹1,300 cr101×+50.4%+488.5%
Shanti Gold InternationalMain1 Aug 2025₹199₹360.1 cr81.17×+14.4%+76.2%
Brigade Hotel VenturesMain31 Jul 2025₹90₹759.6 cr4.48×−9.9%−38.2%
GNG ElectronicsMain30 Jul 2025₹237₹460.4 cr148×+49.8%+192.1%
Indiqube SpacesMain30 Jul 2025₹237₹650.0 cr12.41×−8.9%−19.0%
Anthem BiosciencesMain21 Jul 2025₹570₹3,395 cr63.86×+26.9%+53.1%
Smartworks Coworking SpacesMain17 Jul 2025₹407₹582.6 cr13.45×+6.9%+18.5%
Travel Food ServicesMain14 Jul 2025₹1,100₹2,000 cr2.88×+2.3%+7.8%
CRIZACMain9 Jul 2025₹245₹860.0 cr59.82×+14.7%−34.7%
Indogulf CropsciencesMain3 Jul 2025₹111₹200.0 cr25.98×0.0%−49.9%
Sambhv Steel TubesMain2 Jul 2025₹82₹540.0 cr28.46×+34.2%+91.8%
HDB Financial ServicesMain2 Jul 2025₹740₹12,500 cr16.69×+12.8%−20.8%
Ellenbarrie Industrial GasesMain1 Jul 2025₹400₹852.5 cr22.19×+21.5%−12.4%
Globe Civil ProjectsMain1 Jul 2025₹71₹119.0 cr86.04×+26.8%−42.5%
KalpataruMain1 Jul 2025₹414₹1,590 cr2.26×0.0%−37.2%
Arisinfra SolutionsMain25 Jun 2025₹222₹499.6 cr2.65×−7.7%–
Oswal PumpsMain20 Jun 2025₹614₹1,387 cr34.42×+3.3%−58.4%
Scoda TubesMain4 Jun 2025₹140₹220.0 cr53.78×0.0%−14.5%
Prostarm Info SystemsMain3 Jun 2025₹105₹168.0 cr97.20×+14.3%+20.4%
Schloss BangaloreMain2 Jun 2025₹435₹3,500 cr4.50×−6.7%+34.9%
Belrise IndustriesMain28 May 2025₹90₹2,150 cr41.30×+11.1%+160.9%
Borana WeavesMain27 May 2025₹216₹144.9 cr149×+12.5%+20.3%
Ather EnergyMain6 May 2025₹321₹2,981 cr1.43×+2.2%+338.0%
Quality Power Electrical EquipmentsMain24 Feb 2025₹425₹858.7 cr1.29×+1.2%+260.5%
Hexaware TechnologiesMain19 Feb 2025₹708₹8,750 cr2.66×+5.3%−27.8%
Ajax EngineeringMain17 Feb 2025₹629₹1,269 cr6.45×−8.4%−9.2%
Dr. Agarwal's Health CareMain4 Feb 2025₹402₹3,027 cr1.55×0.0%+17.2%
Denta Water and Infra SolutionsMain29 Jan 2025₹294₹220.5 cr222×+10.5%−12.0%
Stallion India FluorochemicalsMain23 Jan 2025₹90₹199.5 cr188×+33.3%+144.0%
Laxmi DentalMain20 Jan 2025₹428₹698.1 cr114×+26.6%−55.0%
Quadrant Future TekMain14 Jan 2025₹290₹290.0 cr187×+27.6%+74.4%
Standard Glass Lining TechnologyMain13 Jan 2025₹140₹410.1 cr183×+22.9%–
Indo Farm EquipmentMain7 Jan 2025₹215₹260.2 cr230×+19.1%−37.4%

SME IPOs (NSE Emerge) (117)

CompanyBoardListedIssue priceSizeSubscribedListing gainReturn to date
E TO E Transportation InfrastructureSME2 Jan 2026₹174₹84.22 cr112×+90.0%+66.7%
Dhara Rail ProjectsSME31 Dec 2025₹126₹50.20 cr4.71×+19.1%+12.0%
EPW IndiaSME30 Dec 2025₹97₹31.81 cr1.29×+14.4%+139.2%
Sundrex Oil CompanySME30 Dec 2025₹86₹32.25 cr1.51×−20.0%−67.2%
Shyam Dhani IndustriesSME30 Dec 2025₹70₹38.49 cr918×+90.0%−25.8%
Marc TechnocratsSME24 Dec 2025₹93₹42.59 cr9.41×−20.0%+61.4%
Exim RoutesSME19 Dec 2025₹88₹43.73 cr14.23×+25.0%+3.9%
Ashwini Container MoversSME19 Dec 2025₹142₹71.00 cr1.66×+3.5%+10.1%
Encompass Design IndiaSME12 Dec 2025₹107₹40.21 cr2.11×+90.0%+133.5%
Flywings Simulator Training CentreSME12 Dec 2025₹191₹57.05 cr1.63×+2.1%+6.9%
Shri Kanha StainlessSME10 Dec 2025₹90₹46.28 cr2.69×−2.2%−73.6%
Neochem Bio SolutionsSME9 Dec 2025₹98₹44.97 cr14.49×+10.2%+4.6%
Clear Secured ServicesSME8 Dec 2025₹132₹85.60 cr8.28×−9.9%−42.0%
Speb AdhesivesSME8 Dec 2025₹56₹33.73 cr2.18×+7.1%–
Invicta DiagnosticSME8 Dec 2025₹85₹28.12 cr4.05×+17.7%–
Curis LifesciencesSME14 Nov 2025₹128₹27.52 cr69.25×+14.1%–
Finbud Financial ServicesSME13 Nov 2025₹142₹71.68 cr4.24×+10.6%−15.1%
Shreeji Global FMCGSME12 Nov 2025₹125₹85.00 cr3.14×−20.0%+46.8%
Jayesh LogisticsSME3 Nov 2025₹122₹28.63 cr61.26×−1.6%+7.4%
Greenleaf EnvirotechSME9 Oct 2025₹136₹4.08 cr3.68×−0.8%−19.9%
Munish ForgeSME8 Oct 2025₹96₹73.92 cr3.35×+9.4%−9.2%
B.A.G. ConvergenceSME8 Oct 2025₹87₹48.72 cr1.35×+16.1%+26.9%
Sheel BiotechSME8 Oct 2025₹63₹34.02 cr14.93×+44.4%−4.8%
Vijaypd CeuticalSME7 Oct 2025₹35₹19.25 cr1.35×0.0%+154.0%
Suba HotelsSME7 Oct 2025₹111₹75.47 cr14.33×+38.9%−18.8%
Manas Polymers and EnergiesSME6 Oct 2025₹81₹23.52 cr1.23×+90.0%−70.8%
Gurunanak Agriculture IndiaSME1 Oct 2025₹75₹28.80 cr1.68×−20.0%−56.7%
Ecoline EximSME30 Sep 2025₹141₹15.23 cr5.71×−0.1%+29.1%
Matrix Geo SolutionsSME30 Sep 2025₹104₹40.20 cr7.17×−0.1%−42.3%
Prime Cable IndustriesSME29 Sep 2025₹83₹40.04 cr7.77×−2.4%+139.8%
Siddhi CotspinSME26 Sep 2025₹108₹69.85 cr3.84×−20.0%−75.1%
TechD CybersecuritySME22 Sep 2025₹193₹38.99 cr668×+90.0%+171.3%
Galaxy MedicareSME17 Sep 2025₹54₹22.31 cr1.79×0.0%−69.2%
Taurian MPSSME16 Sep 2025₹171₹42.53 cr9.95×+22.8%+283.0%
Vigor Plast IndiaSME12 Sep 2025₹81₹25.10 cr2.64×+4.9%−10.9%
Optivalue Tek ConsultingSME10 Sep 2025₹84₹51.82 cr59.96×+23.3%+169.2%
Snehaa OrganicsSME5 Sep 2025₹122₹32.68 cr26.41×0.0%−64.4%
Current InfraprojectsSME3 Sep 2025₹80₹41.80 cr352×+90.0%+14.0%
Sattva Engineering ConstructionSME3 Sep 2025₹75₹35.38 cr184×+26.8%−21.4%
Anondita MedicareSME1 Sep 2025₹145₹69.50 cr277×+90.0%+627.6%
Shivashrit FoodsSME1 Sep 2025₹142₹70.03 cr2.75×+4.6%−18.9%
Classic Electrodes (India)SME1 Sep 2025₹87₹41.51 cr165×+14.9%−42.2%
ARC Insulation & InsulatorsSME29 Aug 2025₹125₹41.19 cr17.47×+16.0%−74.4%
Studio LSDSME25 Aug 2025₹54₹74.25 cr3.11×−20.0%−84.1%
Mahendra Realtors & InfrastructureSME20 Aug 2025₹85₹49.45 cr25.20×−20.0%−22.9%
ANB Metal CastSME18 Aug 2025₹156₹49.92 cr1.92×+5.1%+127.5%
Medistep HealthcareSME18 Aug 2025₹43₹16.10 cr356×+23.3%–
Connplex CinemasSME14 Aug 2025₹177₹90.27 cr33.25×+10.2%+38.4%
Sawaliya Food ProductsSME14 Aug 2025₹120₹34.83 cr12.45×+90.0%+60.9%
Bhadora IndustriesSME11 Aug 2025₹103₹55.62 cr0.96×−1.9%+43.2%
Aaradhya Disposal IndustriesSME11 Aug 2025₹116₹45.10 cr1.40×−4.3%+6.9%
Parth Electricals & EngineeringSME11 Aug 2025₹170₹49.72 cr22.20×+2.4%+200.3%
Jyoti Global PlastSME11 Aug 2025₹66₹35.44 cr7.93×−0.2%−40.2%
FlySBS AviationSME8 Aug 2025₹225₹102.5 cr212×+90.0%+174.9%
Renol PolychemSME7 Aug 2025₹105₹25.77 cr1.91×0.0%−27.9%
Cash Ur Drive MarketingSME7 Aug 2025₹130₹60.79 cr1.70×+19.2%−32.9%
Kaytex FabricsSME5 Aug 2025₹180₹69.81 cr39.95×−20.0%−68.3%
Sellowrap IndustriesSME1 Aug 2025₹83₹30.28 cr44.09×+8.4%−25.3%
TSC IndiaSME30 Jul 2025₹70₹25.89 cr68.28×−2.9%−33.6%
Savy Infra and LogisticsSME28 Jul 2025₹120₹69.98 cr107×+13.8%+8.0%
Spunweb NonwovenSME21 Jul 2025₹96₹60.98 cr233×+57.3%+30.1%
Smarten Power SystemsSME14 Jul 2025₹100₹50.00 cr5.26×+44.0%−45.2%
Happy Square Outsourcing ServicesSME10 Jul 2025₹76₹24.25 cr3.26×+1.3%–
Pushpa JewellersSME7 Jul 2025₹147₹98.65 cr2.37×−23.8%−23.1%
Silky OverseasSME7 Jul 2025₹161₹30.68 cr133×+6.2%−57.9%
Cedaar TextileSME7 Jul 2025₹140₹60.90 cr11.25×−15.0%−90.9%
Moving Media EntertainmentSME3 Jul 2025₹70₹43.40 cr50.76×+1.4%−65.4%
PRO FX TechSME3 Jul 2025₹87₹40.30 cr23.65×+9.2%−21.8%
Suntech Infra SolutionsSME2 Jul 2025₹86₹44.39 cr208×+26.9%−57.6%
Rama TelecomSME2 Jul 2025₹68₹25.13 cr1.58×+5.9%+21.3%
Shri Hare-Krishna Sponge IronSME1 Jul 2025₹59₹29.91 cr6.43×+9.8%–
Safe Enterprises Retail FixturesSME27 Jun 2025₹138₹169.7 cr13.73×+9.4%+82.2%
Aakaar Medical TechnologiesSME27 Jun 2025₹72₹27.00 cr2.19×+4.2%–
Mayasheel VenturesSME27 Jun 2025₹47₹27.28 cr217×+23.4%−30.9%
Influx HealthtechSME25 Jun 2025₹96₹58.57 cr187×+38.0%+170.9%
Eppeltone EngineersSME24 Jun 2025₹128₹43.96 cr276×+90.0%+3.9%
Patil AutomationSME23 Jun 2025₹120₹69.61 cr94.33×+29.2%+187.5%
Samay Project ServicesSME23 Jun 2025₹34₹14.69 cr27.03×+6.0%–
Monolithisch IndiaSME19 Jun 2025₹143₹82.02 cr170×+61.9%+788.9%
Jainik Power CablesSME17 Jun 2025₹110₹51.30 cr1.52×−25.5%+70.9%
SacheeromeSME16 Jun 2025₹102₹61.62 cr291×+50.0%+379.8%
Ganga Bath FittingsSME11 Jun 2025₹49₹32.65 cr1.61×+20.4%−54.0%
N R Vandana Tex IndustriesSME4 Jun 2025₹45₹27.89 cr93.96×0.0%+57.8%
Neptune PetrochemicalsSME4 Jun 2025₹122₹73.20 cr3.89×+8.8%+45.1%
Blue Water LogisticsSME3 Jun 2025₹135₹40.50 cr8.76×+4.4%+286.9%
Nikita PapersSME3 Jun 2025₹104₹67.54 cr1.40×−13.5%−35.1%
Dar Credit & CapitalSME16 Sep 2026₹1,00,000––––
Accretion PharmaceuticalsSME21 May 2025₹101₹29.75 cr–−21.8%+78.2%
Integrity Infrabuild DevelopersSME20 May 2025₹100₹12.00 cr–+0.8%+91.0%
Virtual Galaxy InfotechSME19 May 2025₹142₹93.29 cr0.63×+26.8%−3.5%
Arunaya OrganicsSME7 May 2025₹58₹33.99 cr1.13×−48.1%−76.1%
Iware Supplychain ServicesSME6 May 2025₹95₹27.13 cr2.86×−10.5%+279.0%
Tankup EngineersSME30 Apr 2025₹140₹19.53 cr116×+25.0%–
ATC Energies SystemSME2 Apr 2025₹118₹63.76 cr–−9.3%−82.2%
Shri Ahimsa NaturalsSME2 Apr 2025₹119₹23.79 cr–+17.7%+254.8%
Rapid Fleet Management ServicesSME28 Mar 2025₹192₹43.87 cr0.05×+1.6%+1.4%
Active InfrastructuresSME28 Mar 2025₹181₹77.83 cr0.19×0.0%–
Grand Continent HotelsSME27 Mar 2025₹113₹74.46 cr0.48×−0.1%+1.8%
Divine Hira JewellersSME24 Mar 2025₹90₹31.84 cr3.76×0.0%+16.6%
Balaji PhosphatesSME7 Mar 2025₹70₹50.11 cr1.20×+7.1%–
HP Telecom IndiaSME28 Feb 2025₹108₹34.23 cr–+6.5%+302.8%
Royal Arc ElectrodesSME24 Feb 2025₹120₹36.00 cr1.55×0.0%+24.2%
Tejas Cargo IndiaSME24 Feb 2025₹168₹105.8 cr1.14×+4.2%–
Voler CarSME19 Feb 2025₹90₹27.00 cr12.38×0.0%+141.9%
P S Raj SteelsSME19 Feb 2025₹140₹28.28 cr9.21×+3.6%−29.4%
Maxvolt Energy IndustriesSME19 Feb 2025₹180₹54.00 cr3.07×0.0%+136.6%
Chandan HealthcareSME17 Feb 2025₹159₹107.4 cr6.62×+3.8%+49.4%
Eleganz InteriorsSME14 Feb 2025₹130₹78.07 cr28.58×−6.2%−34.4%
Readymix Construction MachinerySME13 Feb 2025₹123₹37.66 cr4.35×0.0%−51.9%
Ken EnterprisesSME12 Feb 2025₹94₹83.65 cr3.53×−9.6%−56.2%
Chamunda ElectricalSME11 Feb 2025₹50₹14.60 cr680×+40.0%–
Rexpro EnterprisesSME29 Jan 2025₹145₹53.65 cr16.88×−19.3%−76.8%
EMA Partners IndiaSME24 Jan 2025₹124₹76.01 cr15.40×+26.2%–
Kabra JewelsSME22 Jan 2025₹128₹40.00 cr311×+90.0%−25.7%
Barflex PolyfilmsSME20 Jan 2025₹60₹39.41 cr141×0.0%−10.2%
Sat Kartar ShoppingSME17 Jan 2025₹81₹33.80 cr316×+90.0%+77.5%
Delta AutocorpSME14 Jan 2025₹130₹54.60 cr309×+34.6%−74.3%

Data: NSE list of public issues, issue bid data and daily bhavcopy. IPOs that listed only on BSE are not included. Companies with a full page (linked) have prospectus financials and subscription details. This archive is for information and education; past listing gains say little about future IPOs.