High-Growth Investment Opportunities in India’s IPOs – IPOs in India provide investors with a chance to build wealth through the stock market, offering strong listing gains and potential long-term returns in 2025.
Top Performing IPOs and Market Leaders – Companies like Zomato, Nykaa, and D-Mart became industry leaders thanks to solid fundamentals, high investor demand, and scalable business models that drove impressive post-listing growth.
Key Insights for Successful IPO Investments – Studying these successful IPOs in India reveals valuable lessons on financial strength, market trends, post-listing performance, and strategies to invest wisely for sustainable wealth creation.
Table of Contents
India’s stock market has seen some incredible success stories through IPOs. In this blog, we explore the most successful IPO in India and take a closer look at the top 10 most successful IPO in India that have created massive wealth. From the biggest IPO in India to the most profitable IPO in India, these Initial Public Offerings have made headlines and changed lives. Whether you’re curious about the best IPO to invest in or just want to understand how IPO in India works, this guide will give you an easy-to-follow overview.
What is an IPO?
An Initial Public Offering (IPO) is the process by which a privately held company offers shares of its stock to the public for the first time. This is a significant milestone for a company, as it transitions from being privately owned to a publicly traded company. The primary goal of an IPO is to raise capital for growth, pay off debt, or fund other corporate needs.
Note: The first IPO in India was launched by DCM Limited in the 1940s, marking the beginning of public equity investment in the country.
Top 10 Most Successful IPO in India (2025)
India has seen numerous high-profile and successful IPO in recent years. These IPOs have garnered significant investor interest and performed well in the market. Here’s a list of the top 10 biggest IPO in India in terms of their performance, investor returns, and market impact:
1. Zomato (2021)
IPO Date: July 2021
Issue Price: ₹76 per share
Market Capitalization: ₹1.03 lakh crore at the time of listing
Post-IPO Performance: Zomato’s IPO was one of the most eagerly anticipated in India, reflecting the growing food-tech market. The stock saw a 65% increase on its listing day, and it has since been one of the more popular stocks among retail investors, despite some volatility.
Notable Success: Zomato achieved high retail investor participation and was one of the first Indian unicorns to go public.
2. Reliance Power (2008)
IPO Date: January 2008
Issue Price: ₹450 per share
Market Capitalization: ₹50,000 crore
Post-IPO Performance: Despite initial market challenges, Reliance Power’s IPO set records for the largest IPO in India at the time. While the stock faced a decline post-listing, the company’s subsequent growth in the power sector and market initiatives kept its profile high.
Notable Success: The IPO raised funds for ambitious expansion plans and set the stage for Reliance’s ongoing push in the power sector.
3. Paytm (2021)
IPO Date: November 2021
Issue Price: ₹2,150 per share
Market Capitalization: ₹1.39 lakh crore at the time of listing
Post-IPO Performance: Paytm’s IPO was highly anticipated, as it was one of India’s biggest fintech firms. However, its post-IPO performance was disappointing, with the stock falling below the issue price shortly after listing. Despite the initial struggles, it remains a significant player in the Indian digital payments market.
Notable Success: Paytm’s IPO marked the entrance of India’s fintech giant into the public markets.
4. FSN E-Commerce Ventures (Nykaa) (2021)
IPO Date: November 2021
Issue Price: ₹1,125 per share
Market Capitalization: ₹53,000 crore at the time of listing
Post-IPO Performance: Nykaa’s IPO was a blockbuster, with shares soaring more than 80% on listing day. It was one of the few profitable unicorn IPOs in India and has been an example of success in the e-commerce and beauty space.
Notable Success: Nyka’s IPO marked a milestone in India’s beauty and personal care market, and the company continues to dominate in e-commerce for beauty products.
5. Adani Green Energy (2021)
IPO Date: June 2021
Issue Price: ₹1,000 per share
Market Capitalization: ₹18,000 crore at the time of listing
Post-IPO Performance: Adani Green Energy’s IPO saw a significant increase in share prices post-listing and has grown substantially, reflecting the rising global interest in renewable energy.
Notable Success: This IPO was part of the larger Adani Group’s efforts to dominate the renewable energy sector, and the company has been one of the key beneficiaries of India’s push toward cleaner energy.
6. SBI Cards and Payment Services (2020)
IPO Date: March 2020
Issue Price: ₹755 per share
Market Capitalization: ₹75,000 crore at the time of listing
Post-IPO Performance: SBI Cards’ IPO was one of the largest in the financial services sector and was well-received by the market. Despite being launched during the pandemic, it managed to generate strong interest and performed solidly in the secondary market.
Notable Success: SBI Cards, backed by the State Bank of India, remains a significant player in the Indian credit card market.
7. ICICI Lombard General Insurance (2017)
IPO Date: September 2017
Issue Price: ₹661 per share
Market Capitalization: ₹47,000 crore at the time of listing
Post-IPO Performance: ICICI Lombard’s IPO was a huge success, with the stock rising on its debut. The company has since become one of India’s leading private-sector general insurers.
Notable Success: The IPO allowed ICICI Lombard to strengthen its position in the competitive general insurance market.
8. Avenue Supermarts (D-Mart) (2017)
IPO Date: March 2017
Issue Price: ₹299 per share
Market Capitalization: ₹39,000 crore at the time of listing
Post-IPO Performance: Avenue Supermarts (the parent company of (D-Mart) had one of the most successful IPOs in Indian retail history. The stock surged over 100% on the first day of trading, reflecting strong investor confidence in its business model.
Notable Success: D-Mart’s continued dominance in the Indian retail space has made it a favorite among investors.
9. HDFC Asset Management Company (2018)
IPO Date: August 2018
Issue Price: ₹1,100 per share
Market Capitalization: ₹26,000 crore at the time of listing
Post-IPO Performance: HDFC AMC saw a strong post-IPO performance, reflecting its solid growth in the asset management space. The company remains one of the leading players in India’s mutual fund industry.
Notable Success: The IPO was successful due to the company’s proven track record of stable returns and a strong customer base.
10. Burger King India (2020)
Notable Success: Burger King’s IPO demonstrated the resilience of the Indian food services industry and attracted significant retail interest. and credit.
IPO Date: December 2020
Issue Price: ₹60 per share
Market Capitalization: ₹5,000 crore at the time of listing
Post-IPO Performance: Burger King India’s IPO was successful, despite a challenging market environment due to the pandemic. The stock gained momentum after listing, driven by investor optimism about the growth potential of the QSR (Quick Service Restaurant) sector.
These top 10 biggest IPOs in India have delivered significant growth for investors. While some excelled at raising capital, iconic listings like Infosys, HDFC Bank, and Coal India stand out for long-term wealth creation and market leadership.
How to Define a Successful IPO?
A successful IPO benefits both the company and the investors. Here are the key metrics used to measure the success of an IPO:
Listing Gains: The percentage increase in share price on the first day of trading compared to the issue price.
Long-Term Growth: How the stock performs over the months or years after listing.
Market Capitalization: The total market value of a company’s shares after listing.
Investor Demand: The number of times the IPO was oversubscribed.
Financial Health: A company’s profitability and revenue growth after listing.
Now, let’s dive into the most profitable IPO in India based on these criteria.
Investing in IPOs can be exciting, but it requires careful planning and research. Here’s a step-by-step guide to help you invest in the most successful IPO in India, NSE.
1. Research the Company
Before investing in an IPO, it’s essential to research the company thoroughly. Here’s what you should look for:
Company Background: Understand what the company does, its products or services, and its business model.
Financial Health: Check the company’s revenue growth, profitability, and debt levels. Look for consistent revenue growth and strong earnings.
Management Team: A competent and experienced management team can significantly impact the company’s success.
2. Analyze Market Conditions
Market conditions play a crucial role in the success of an IPO. Here are some factors to consider:
Bullish Market: When the stock market is performing well, investor confidence is high, which can lead to higher listing gains.
Economic Indicators: Monitor economic indicators such as GDP growth, inflation rates, and interest rates.
3. Understand the IPO Process
Knowing how the IPO process works can help you make informed decisions. Here’s a simple breakdown:
Filing with SEBI: The company files a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
Approval and Pricing: After SEBI’s approval, the company and its underwriters set a price band for the IPO.
Bidding Period: Investors can place their bids within the price band during the bidding period.
4. Evaluate Subscription Rates
Subscription rates indicate the level of interest in an IPO. Here’s how to interpret them:
High Subscription Rate: A high subscription rate means strong investor interest, which can lead to higher listing gains.
Types of Investors: Look at the subscription rates from different investor categories (retail investors, qualified institutional buyers, etc.).
5. Make a Bid
When you decide to invest in an IPO, you need to place a bid during the bidding period. Here’s how to do it:
Choose a Broker: Select a brokerage firm that offers IPO investment services.
Complete the Application: Fill out the IPO application form provided by your broker.
Place Your Bid: Enter your bid price within the price band and the number of shares you want to buy.
6. Allocation of Shares
After the bidding period ends, the shares are allocated to investors. Here’s what happens next:
Pro-rata Basis: If an IPO is oversubscribed, shares are allocated on a pro-rata basis, which means you might receive fewer shares than you applied for.
Refunds: If you don’t get the full allocation, the remaining amount is refunded to your bank account.
7. Listing and Post-listing Strategy
Once the shares are allocated, they will be listed on the stock exchange. Here’s what you need to know:
Listing Day: The shares start trading on the stock exchange, and you can see the listing gains or losses.
Long-term Investment: Consider holding onto the shares long-term if the company has strong growth potential and solid fundamentals.
Monitor Performance: Monitor the company’s performance and market conditions to make informed decisions about holding or selling the shares.
Investing in the most successful IPO in India for the long term requires thorough research, understanding market conditions, and following the IPO process carefully. You can increase your chances of making profitable investments by paying attention to the company’s financial health, market sentiment, subscription rates, and long-term potential.
Benefits of Investing in an IPO in 2025
Investing in an Initial Public Offering (IPO) can offer several potential benefits. Here are some key advantages:
1. Growth Potential: IPOs often involve companies with strong growth prospects. By investing early, you can benefit from the company’s potential long-term success.
2. Early Entry Opportunity: Investing at the IPO stage allows you to purchase shares before they start trading on the open market. If the stock price appreciates post-IPO, you could enjoy significant returns.
3. Diversification: Including IPO stocks in your portfolio can enhance diversification, especially if the IPO is from a sector or industry not currently represented in your holdings.
4. Discounted Pricing: IPO shares are sometimes offered at a lower price to attract investors, which could lead to gains when the stock begins trading publicly.
5. Brand Recognition: IPOs are often associated with well-known or promising companies, allowing investors to own a piece of businesses they believe in or resonate with.
Key Takeaways for Investors
Here are some key takeaways for investors, especially when approaching IPOs or other investment opportunities, with a focus on top-performing IPOs in India:
1. Conduct Thorough Research:
Before investing, always understand the company, its financial health, and the industry landscape.
Read the prospectus and evaluate risk factors carefully.
2. Assess Your Risk Tolerance:
IPOs and other investments carry varying levels of risk.
Determine your appetite for potential losses and adjust your investments accordingly.
3. Diversification is Key:
Spread your investments across different sectors and assets to reduce risk.
Avoid putting all your capital into a single stock or opportunity.
4. Focus on Long-Term Potential:
While short-term gains are tempting, successful investing often requires patience.
Invest in companies with strong fundamentals and growth prospects.
5. Keep an Eye on Market Trends:
Monitor broader economic conditions, sector performance, and historical trends.
Timing your entry and exit points can make a big difference.
6. Avoid Emotional Decisions:
Don’t let market hype or fear dictate your choices.
Stay rational and stick to your investment strategy.
7. Use Trusted Platforms and Advisors:
Ensure all transactions are secure and legitimate.
Work with reputable brokers or financial advisors when investing, especially in IPOs.
Conclusion
Looking back at the most successful IPOs in India, it’s clear that not all IPOs are created equal. The top 10 most successful IPO in India show us how timing, strong business models, and market confidence come together to create winners. While every Initial Public Offering carries some risk, learning from the most profitable IPO in India can help investors make smarter choices. If you want to find the next best IPO or understand the magic behind the biggest IPO in India, keeping an eye on the market and company fundamentals is key.
The most profitable IPO in India recently has been Stallion India Fluorochemicals. It jumped over 128% on its first day, thanks to huge investor interest and being oversubscribed more than 188 times truly one of the best IPOs in recent memory.
How to get 100% IPO allotment?
To increase chances of 100% IPO allotment 1.Avoid Large Applications 2.Apply Through Multiple Demat Accounts 3.Bid at Cut-off Price 4.Avoid Last-Minute Applications 5.Fill in Details Carefully 6.Invest in Parent or Holding Company Shares 7.Track IPO Allotment Dates 8.Stay Updated on IPO Announcements
Which is the most subscribed IPO in India?
The LG Electronics India IPO has made history it became the most subscribed billion-dollar IPO in nearly 20 years. With a $1.3 billion offering, investor demand soared, breaking records and setting a new benchmark for large IPOs in India.
Which IPO is best to purchase?
If you’re looking for a strong IPO to consider, LG Electronics India stands out right now. It saw huge investor demand, raised $1.3 billion, and had one of the most successful listings in recent years showing solid growth potential and market trust.
Does IPO is profitable?
Yes, IPOs can be profitable, especially in strong markets. In 2025, several IPOs like Stallion India and LG Electronics delivered over 100% listing gains, proving that well-chosen IPOs can offer excellent short-term returns.
Which is the highest profit stock in India?
It’s hard to pin one stock as the highest profit stock in India since returns vary by time frame and investment size. But recently, Rail Vikas Nigam Ltd. delivered around 1,224% returns over the last 3 years, making it one of the top performers.
What is the most successful IPO of all time in India?
9 Notable Indian IPOs Since 2000 1.General Insurance Corporation (GIC) 2.Oil and Natural Gas Corporation (ONGC) 3.New India Assurance 4.DLF Limited 5.HDFC Standard Life Insurance 6.Cairn India – Listed in 2006 7.ICICI Prudential Life Insurance – Listed in 2016 8.Life Insurance Corporation of India (LIC) – Listed in 2022
Sakshi is a Content Creator and Strategist who specializes in crafting well-researched content across diverse topics including economics, finance, health, and more. She brings a fresh perspective to every piece she writes, always aiming to offer real value to her readers. When she’s not writing, you’ll likely find her curled up with a book—she’s a proud bookworm—or sipping on endless cups of chai, her favorite obsession.
