Hyundai India
Oct 2024 · India's Largest IPO (Then)
IPO Price
₹1,960
Listing Price
₹1,820
Listed below IPO price. Long-term investors who held saw recovery as auto sector rebounded. A reminder that listing gains are not guaranteed.
Why it matters
A ~7% Day-1 loss on India's biggest-ever IPO showed even blockbuster size and brand power can't guarantee a pop — valuation at listing still decides the outcome.
Ola Electric
Aug 2024 · EV Sector Debut
IPO Price
₹76
Listing Price
₹76 → ₹91
Listed flat, then rose 20% in early trading before volatility set in. Highlighted risks of loss-making EV companies at premium valuations.
Why it matters
Early-trade pops can fade fast when the underlying business is still unprofitable — momentum is not the same as fundamentals.
Bajaj Housing Finance
Sep 2024 · NBFC Giant
IPO Price
₹70
Listing Price
₹150
114% listing gain on Day 1. One of the strongest IPO debuts in Indian history. Oversubscribed 63x. Allotment lottery winners made exceptional returns instantly.
Why it matters
Extreme oversubscription often signals an undervalued offer price — but allotment is a lottery, so the upside isn't accessible to everyone who applies.
SpaceX (SPCX)
Jun 2026 · Nasdaq · Largest Ever
IPO Price
$135
1-Yr Target
$160–210
Fixed price offering (no book-building). $1.75T valuation. Analysts bullish on Starlink growth but cautious on xAI losses. No dividend expected.
Why it matters
A fixed-price, no-book-building structure removes the usual price-discovery signal — investors are pricing the target range almost entirely on faith in future segments.