IPOs of 2012

24 Indian IPOs listed in 2012 — 11 on the mainboard and 13 on the SME platform, raising ₹6,770 crore. The average listing gain was +16.6% (median +6.4%), and 79% closed above their issue price. The strongest debut was Max Alert Systems Limited (+157.5%); the weakest was Tribhovandas Bhimji Zaveri Limited (-7.5%).