Wealth created through SME IPOs in India

Note:

Following prices are considered in this report:

1. Issue price (Final): The price at which IPO shares are allotted to investors.
2. Close price on listing: The market price of the share at the close of trading on the day it gets listed.
3. Current market price: The latest trading price of the share in the secondary market.

Wealth creation is derived using below formula:

• 2-1 = Listing day gain
• 3-2 = Wealth creation w.r.t. Close price on listing
• 3-1 = Wealth Created

The information presented in this report is based on historical IPOs data and includes the following key figures, with specific conditions to ensure accuracy:

The information presented in this report is based on historical data from SME IPOs and includes the following key figures, with specific conditions to ensure accuracy:

• No. of IPOs: Represents the year-wise total number of IPOs opened during the respective year.
• IPOs with positive listing: Represents the total number of IPOs which have listed above the issue price profits according to the closing price on the day of the IPO listing.
• Amount Raised (Rs.Cr.): Total of Capital raised by issuer company through IPO during the respective year. Excluding withdrawn or cancelled issues.
• Total Market Cap (IPO) (Rs.Cr.): Total of post-issue market cap of all IPOs opened during the respective year.

Total Market Cap (IPO) (Rs.Cr.) = Sum (Post-issue Shareholding * Issue Price Final)

• Market Cap w.r.t. Listing Day Close Price (Rs.Cr.):Total market capitalization of the companies based on the listing day close price. Many investors do not receive allotment in highly subscribed IPOs, but they can still purchase shares from the open market on the listing day. This parameter is used to calculate the wealth created when shares are bought at the listing day close price instead of through the IPO allotment.

Market Cap w.r.t. Listing Day Close Price (Rs.Cr.) = Sum (Post-issue Shareholding * Listing Price Close Price)

• Current Market Cap (Rs.Cr.):Total of market capitalization all IPOs opened during the respective year based on the current market price

Note: This market capitalization does not account for the impact of corporate actions such as bonus issues or stock splits.

Current Market Cap (Rs.Cr.) = Sum (Post-issue Shareholding * Current Price)

• Wealth Created (Rs.Cr.): Difference between the current market cap of all IPOs and the total market capitalization at the time of the IPO in a given year.

Wealth Created (Rs.Cr.) = Sum (Current Market Cap (Rs.Cr.) - Amount Raised (Rs))

• % Gain / loss on Listing: Total of percentage profit or loss on the day of listing relative to the final issue price of all IPOs in a given year.

Listing Day Gain (%) = Average ((Market Cap w.r.t. Listing Day Close Price - Total Market Cap (IPO) / Total Market Cap (IPO)) * 100)

• Wealth creation w.r.t. Listing Day Close Price (%): Total of percentage of wealth created when IPO shares are purchased from the open market on the listing day.

Wealth creation w.r.t. Listing Day Close Price (%) = Average ((Current Market Cap - Market Cap w.r.t. Listing Day Close Price / Market Cap w.r.t. Listing Day Close Price) * 100)

• Wealth Created (%): Total percentage of wealth created by the IPO relative to the total investment made

Wealth Created (%) = Average ((Current Market Cap - Total Market Cap (IPO) / Total Market Cap (IPO)) * 100)

• Companies Migrated to Mainboard: Refers to the number of companies that were listed on the stock exchange in a given year and later moved from the SME platform to the main stock exchange.