IPOs of 2003

8 Indian IPOs listed in 2003 — 8 on the mainboard, raising ₹2,261 crore. The average listing gain was +61.9% (median +25.9%), and 100% closed above their issue price. The strongest debut was Indraprastha Gas Limited (+148.8%); the weakest was Vardhman Acrylics Limited (+11.0%).