🧮 Free Financial Tool

IPO Return Calculator

Calculate your listing gain, total profit, and return % for any IPO investment. Supports GMP-based estimation.

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INPUT PARAMETERS
-₹200₹0+₹1000

Max 13-14 lots for retail category (up to ₹2 lakh)

YOUR RETURN ESTIMATE
NET PROFIT / LOSS
+₹2,625
RETURN %
+15%
INVESTMENT
₹17,500
LISTING PRICE
₹575
TOTAL SHARES
35
SELL VALUE
₹20,125
GMP GAIN/SHARE
+₹75
ALLOTMENT SCENARIOS

* Allotment is a lottery. In retail category, you receive 0 or exactly 1 lot.

📌 Tax Note: If you sell on listing day, gains are treated as Short-Term Capital Gains (STCG) and taxed at 20% (post-Budget 2024). This calculator shows pre-tax returns. Deduct 20% STCG for post-tax profit on listing day sales.
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MULTI-ACCOUNT STRATEGY

Applying from Multiple Family Accounts

In retail category IPOs, every unique PAN gets one lottery entry for 1 lot — regardless of how many lots you apply for up to ₹2 lakh. Applying from multiple family members' demat accounts (different PANs) multiplies your chances.

Based on current inputs. Assumes each application gets allotted 1 lot.

How to Calculate IPO Listing Gains

GMP-Based Calculation

When the IPO is active (before listing), you can estimate your listing gain using the Grey Market Premium (GMP):

Est. Listing Price = Issue Price + GMP
Profit/Share = Listing Price − Issue Price
Total Profit = Profit/Share × Total Shares
Return % = (Profit ÷ Investment) × 100

Example: HDFC Ergo IPO

Issue Price₹380
GMP+₹52
Est. Listing₹432
Lot Size39 shares
Investment₹14,820
Est. Gain+₹2,028 (+13.7%)

IPO Calculator — Frequently Asked Questions

How accurate is the GMP-based listing gain estimate?
GMP-based estimates are indicative, not guaranteed. GMP reflects grey market sentiment which can be quite accurate for heavily oversubscribed IPOs but can deviate significantly for smaller or less-tracked IPOs. Historical data shows GMP is within 10-15% of actual listing price in about 70% of cases for mainboard IPOs.
Should I apply for maximum lots to maximise IPO profit?
In the retail category (up to ₹2 lakh), each application gets only 1 lottery entry regardless of lot count. Applying for 1 lot vs 13 lots gives you the same allotment probability. The smart strategy is to apply from multiple family members' PAN accounts — each gets a separate lottery entry.
What taxes apply on IPO listing gains in India?
If you sell shares on listing day or within 12 months of allotment, gains are taxed as Short-Term Capital Gains (STCG) at 20%. If you hold for more than 12 months, gains above ₹1.25 lakh are taxed as Long-Term Capital Gains (LTCG) at 12.5%. These rates are as per Budget 2024 and may change.
What is the minimum IPO investment amount in India?
The minimum IPO investment in India is one lot, which is typically priced between ₹10,000 and ₹15,000 for most mainboard IPOs. SEBI mandates that the minimum application amount be approximately ₹15,000 for mainboard IPOs. SME IPOs can sometimes have higher minimum lot sizes.
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