IPOs of 2023

232 Indian IPOs listed in 2023 — 59 on the mainboard and 173 on the SME platform, raising ₹50,440 crore. The average listing gain was +34.6% (median +18.4%), and 83% closed above their issue price. The strongest debut was Goyal Salt Limited (+258.2%); the weakest was COSMIC CRF LIMITED (-20.0%).