IPO Market Sees 25% Average Listing Gains in Two Months
Key Takeaways
- •Eighteen of the 22 IPOs listed in July and August delivered positive returns on their debut day.
- •Average listing gains increased to 25%, compared with 7% in Q1FY27.
- •The improvement follows a softer start to the year in India’s IPO market.
- •Analysts expect the upbeat momentum to continue because of strong investor sentiment and attractive valuations.
- •A pipeline of major upcoming IPOs is also supporting expectations for continued activity.

India’s IPO market has staged a strong comeback in July and August, with 18 of 22 listings delivering positive debut-day returns.
Average listing gains stood at 25%, sharply higher than the 7% recorded in Q1FY27. The rebound matters for a market that had seen a softer start to the year, because debut performance often shapes near-term investor participation and sets the tone for upcoming offerings. Analysts expect the momentum to continue, supported by strong investor sentiment, attractive valuations and a pipeline of major upcoming IPOs.