India’s stock market has seen strong IPO performances. Here are the best IPOs in the last five years.

Quadrant Future Tek listed in 2025 with a 53.10% gain and now shows returns of 74.41%.

Premier Energies from 2024 listed with 120% gains, now delivering impressive returns of 132.76%.

Bajaj Housing Finance debuted with a 114.29% gain and now holds returns of 115.14%.

Zomato’s 2021 IPO gained momentum, while LIC’s 2022 IPO had mixed performance.

SME IPOs like Refractory Shapes gained 351.29%, while Medicamen Organics gained 275%.