These 10 IPOs have doubled investors’ money since listing, which one did you bet on? – top 10 ipos doubled investors money after listing from waaree energies vishal mega mart to ather energy

India’s primary market is booming. In the last quarter alone, IPOs of 46 companies came, which is the largest number so far. In the first half of the current financial year (FY26) alone, 55 companies have raised around ₹64,920 crore.

During this period, the interest of retail and institutional investors also remained very strong. The most discussed among these was the IPO of LG Electronics India, which received 54.02 times subscription.

But the question is whether after such a huge subscription the shares give good returns even after listing? Let us know which companies gave best profits to investors after listing.

10 IPOs giving strong returns

Note: IPOs have been included in this list from October 2024.

KRN Heat Exchanger & Refrigeration

There has been a strong rise in the shares of this company, due to the increasing demand in India’s HVAC (heating, ventilation and air conditioning) sector. The industry is expected to grow from $7.8 billion in 2021 to $27.4 billion in 2030. The company is expanding its manufacturing capacity from 3 acres to 18 acres and targets revenues of ₹2,000 crore by FY29.

KRN has received incentive approval of ₹141.72 crore under the Make in India (PLI) scheme. Also, it recently acquired the bus air-conditioning business of Sphere Refrigeration, which will boost its transport cooling business.

Waaree Energies performed well in both its IPO and listing. In Q2FY26, the company’s net profit increased by 132% to ₹843 crore and revenue increased by 69.7% to ₹6,066 crore. The company has an order book of 24 GW, which is valued at around ₹47,000 crore.

In America also it has received new orders of 2.23 GW. India’s solar market is set to grow at 16% annually by 2029, further strengthening Waaree’s leadership.

Vishal Mega Mart is continuously attracting investors. India’s retail market is expected to grow from ₹76 trillion (2023) to ₹116-124 trillion (2028). There is a potential growth of 20% in organized retail and 32% in small towns.

VMM focuses on affordable and need-based retail. It has 71 stores spread across Tier I to Tier III cities and is counted among the top three offline retailers in the country.

Stallion India Fluorochemicals

The company’s shares have increased by more than 300%. India’s fluorochemicals market will grow from $622 million (2022) to 10.2% annually by 2029. Due to the partnership with Honeywell, the company has got first-mover advantage in the HFO segment.

The company has received land from RIICO, Rajasthan, where it will set up an R-32 refrigerant gas plant at a cost of ₹120 crore. Additionally, it is adding new capacity of 7,200 MTPA at Mambattu in Andhra Pradesh and also upgrading its Khalapur plant.

Ather Energy has been one of the most exciting auto companies of this year. Its market share is 17% by September 2025, making it India’s third largest electric two-wheeler company. The company recently completed the production of its 5 lakhth vehicle at the Hosur plant.

Additionally, the launch of the Rizta family scooter has helped the company reach new customers. Ather is now focusing on tier-2 and tier-3 markets along with metro cities.

Aditya Infotech’s IPO was listed at ₹1,085, 50% above its issue price. The company is India’s largest security and video surveillance company, serving both consumer and corporate segments.

The company has recently announced the opening of a new R&D unit in Taiwan to further strengthen its technological capability globally.

Dividend Stocks: These 16 companies will give dividend next week, check complete details including record date.

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.