HIGH FLYERS OF 2023: Top Gaining Mainboard IPOs in India

2023 was a banner year for Indian IPOs, with a significant number of companies exceeding expectations and delivering impressive returns to investors. This blog dives into the top performers on the Mainboard, those companies listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Top Gainers by Listing Day

For those seeking quick wins, listing day gains are a key metric. Here, some of the frontrunners include:

Tata Technologies Limited:

This engineering services company stole the show, surging over 160% on its listing day.


This industrial automation company witnessed a jump of over 90% on its debut.

Utkarsh Small Finance Bank

Making a splash in the financial sector, Utkarsh Small Finance Bank witnessed a gain of over 110%.

Top Gainers Overall

Looking beyond the first day, several companies continued to impress with sustained growth. Here are some that topped the charts:


Cyient DLM

This IT services company emerged as the overall leader, with returns exceeding 145%.

Tata Technologies

Maintaining its strong performance, Tata Technologies remained a top contender with over 160% gains.

senco gold

This gold and jewellery company rose in popularity, delivering over 130% returns to investors.

The 2023 Mainboard IPO market offered exciting opportunities for investors. While these top gainers showcase the potential rewards, careful analysis is crucial before venturing into the IPO world.


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