73% of SME IPOs in India gained since 2020

Since 2020, 73% of small and medium-sized company IPOs in India have made money on their first day of trading.

This means that if a company sells shares to the public for the first time, more than half of them have been worth more than the price they were sold for.

However, this trend has been slowing down, and in the first half of 2026, only half of the IPOs made money on their first day.

Despite this, companies are still raising a lot of money through IPOs.

Investors are now more interested in how well the companies are doing rather than just how much money they can make on the first day.

Some companies, like Merritronix and Winsol Engineers, have done really well, making a lot of money for their investors.