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Technology

Code, silicon, and disruption

India's Technology sector stands at the intersection of ambition and engineering. From SaaS platforms powering global enterprises to deep-tech startups rewriting the rules of AI and semiconductors, this sector has consistently produced some of the most explosive IPO listings in recent memory. Companies here live and die by their growth narrative -- recurring revenue, TAM expansion, and margin trajectory are the metrics that move markets. India's 900-million-strong internet base, a world-class pool of engineering talent, and rising domestic software adoption make this one of the most closely watched sectors for IPO investors. High valuations are the norm; the question is always whether the business can grow into them.

Key Themes in this Sector

SaaS & Cloud AI & Deep-Tech Fintech Infrastructure IT Services EdTech & B2C Platforms

Total IPOs

in this sector

Avg Listing Gain

+0.26%

across 20 listed IPOs

Capital Raised

₹19,104 Cr

total across all IPOs

Best Listing

Kratikal Tech Limited

+42.22% on day one

Listing Gains (Chronological)

Last 20 listed IPOs

Top Performer

KTL

Kratikal Tech Limited

Gain

+42.22%

GMP

+₹78

Sub

220.7x

Weakest Performer

MPIS

Manipal Payment and Identity Solutions Limited

Gain

-81.39%

Listed

17 Sep

All Technology Listings

Company	Status	Price Band	Lot	GMP ⓘ	Subscription	Open Date ↓	Close Date	Issue Size	Listing Gain
MPIS Manipal Payment and Identity Solutions Limited	Listed	₹322–₹339	44	₹-15 Est. -4.4%	1.42×	09 Sep	11 Sep	₹805.00 Cr	-81.39%
ESDS ESDS Software Solution Limited	Listed	₹408–₹429	34	+₹242 Est. +56.4%	142.88×	28 Aug	01 Sep	₹720.00 Cr	-
SPL Symbiotec Pharmalab Ltd	Listed	₹938–₹988	15	+₹200 Est. +20.2%	75.08×	24 Aug	27 Aug	₹1,757.00 Cr	-
AEL Augmont Enterprises Limited	Listed	₹750–₹788	19	+₹290 Est. +36.8%	111.18×	21 Aug	25 Aug	₹825.00 Cr	-
ENS ENS Enterprises Ltd.	Listed	₹87–₹92	1200	+₹5 Est. +5.4%	-	14 Aug	18 Aug	₹33.14 Cr	-
TPSL Technocrats Plasma Systems Ltd	Listed	₹125–₹132	1000	+₹70 Est. +53%	-	14 Aug	18 Aug	₹60.98 Cr	-
SIPL Skytech Infinite Platform Limited	Listed	₹73–₹77	1600	+₹1 Est. +1.3%	0.45×	14 Aug	18 Aug	₹22.68 Cr	-
SRL Shiprocket Limited	Listed	₹92–₹97	154	+₹35 Est. +36.1%	1.00×	12 Aug	14 Aug	₹1,617.48 Cr	+33.51%
FKE Fusion Klassroom Edutech Limited	Listed	₹151–₹159	800	-	-	31 Jul	04 Aug	₹39.04 Cr	-
XTL Xtranet Technologies Limited	Listed	₹120–₹127	110	+₹14.5 Est. +11.4%	1.96×	23 Jul	27 Jul	₹166.80 Cr	-
KTL Kratikal Tech Limited	Listed	₹128–₹135	1000	+₹78 Est. +57.8%	220.71×	30 Jun	02 Jul	₹39.69 Cr	+42.22%
CSM CSM Technologies Limited	Listed	₹107–₹113	132	+₹4 Est. +3.5%	0.66×	24 Jun	29 Jun	₹145.78 Cr	-
GXAI GenxAI Analytics Limited	Listed	₹110–₹116	1200	+₹4 Est. +3.4%	7.41×	05 Jun	09 Jun	₹54.84 Cr	-20.04%
UHM UHM Vacation Limited	Listed	₹157–₹166	800	+₹34 Est. +20.5%	2.36×	04 Jun	08 Jun	₹36.00 Cr	-20%
OTSL OnEMI Technology Solutions Limited	Listed	₹162–₹171	87	+₹7.15 Est. +4.2%	9.96×	30 Apr	05 May	₹925.92 Cr	+11.4%
ATL Adisoft Technologies Limited	Listed	₹163–₹172	800	+₹21 Est. +12.2%	77.45×	23 Apr	27 Apr	₹74.10 Cr	+19.19%
ETL Emiac Technologies Limited	Listed	₹93–₹98	1200	-	3.06×	27 Mar	08 Apr	₹31.75 Cr	+10%
GIWH Gaudium IVF and Women Health Limited	Listed	₹75–₹79	189	+₹5 Est. +6.3%	7.27×	20 Feb	24 Feb	₹165.00 Cr	+5.06%
FAL Fractal Analytics Limited	Listed	₹857–₹900	16	+₹5 Est. +0.6%	2.66×	09 Feb	11 Feb	₹2,833.90 Cr	-
HTL Hexaware Technologies Limited	Listed	₹674–₹708	21	-	2.66×	12 Feb	14 Feb	₹8,750.00 Cr	+5.3%
No IPOs match this filter.

MPIS

Manipal Payment and Identity Solutions Limited Listed

₹-15

GMP

Price Band: ₹322–339

Lot: 44

Open: 09 Sep

Sub: 1.42×

Technology

Listing Gains (Chronological)

All Technology Listings

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