Work out what an IPO application was worth on listing day. Pick any IPO on the board and Rupix fills in its issue price, lot size and listing price, or type your own numbers to test a scenario.
Listing gains on recent IPOs
Issue price against the opening price on listing day, and what one lot made or lost, for the most recent issues with a recorded listing.
The listing gain is the difference between what you paid for your shares at the issue price and what they were worth at the listing price, for the number of lots you were allotted. It is shown in rupees and as a percentage of the amount invested. The calculator assumes every lot you applied for was allotted, which in an oversubscribed retail quota is rarely the case, so read it as the best case for the lots you actually received.
Brokerage, securities transaction tax and exchange charges are not included, and neither is the short-term capital gains tax that applies if you sell on listing day. For a listing gain of a few thousand rupees these costs are small, but for a large allotment they matter.
Common questions about the calculator
Where do the issue price and listing price come from?
From the IPO's own page on Rupix. The issue price is the top of the final price band, and the listing price is the opening price on the day the share first traded. You can overwrite either figure.
Can I use it for an IPO that has not listed yet?
Yes. Enter the expected listing price yourself, for example the issue price plus the expected premium, to see what a particular outcome would be worth. Treat the result as a scenario, not a forecast.
How is the IPO listing gain calculated?
Listing gain equals the listing price minus the issue price, multiplied by the number of shares allotted. With a lot of 22 shares issued at ₹675 that listed at ₹1,015, one lot made ₹7,480, or 50.4 percent on the ₹14,850 invested. The percentage does not depend on how many lots you held; the rupee figure does.
Does the calculator include tax and brokerage?
No. Brokerage, securities transaction tax, exchange charges, stamp duty and GST are deducted by your broker when you sell, and a listing-day sale is a short-term capital gain taxed at 20 percent. Subtract those from the figure shown.
Why is my actual gain lower than the calculator shows?
Most likely you were allotted fewer lots than you applied for. In an oversubscribed retail quota, allotment is a lottery of one lot per successful applicant, so enter the lots you actually received, not the lots you applied for.