Key Takeaways from IPOs listed in 2014 - IPO Stack
Welcome to IPO Stack’s complete tracker for all IPOs listed in India in 2014. This page follows the full lifecycle of every public issue from that year — from the issue price set during the offer, through the opening price on listing day, all the way to where each stock trades today.
Whether you are a long-term investor reviewing a past holding, a market researcher studying IPO pricing patterns across years, or a new investor learning how the primary market works, this page gives you the complete picture in one place.
2014 was a moderately active year for the Indian primary market. Six companies went public, spanning sectors as varied as agriculture, logistics, retail fashion, entertainment, and infrastructure.
The year produced one genuine multi-bagger, a couple of steady gainers, and some cautionary tales — making the 2014 cohort a rich one to study for anyone serious about understanding how IPO investments play out over time.
How to Read this:
Issue Price is the per-share price at which the company offered its shares to the public during the IPO.
Listing Price is the stock exchange opening price on the day the company was officially listed. Comparing this with the Issue Price tells you whether the IPO had a strong debut (listing above issue price) or a weak one (listing below issue price).
CMP (Current Market Price) is the latest available trading price of the stock. This tells you where the stock price is today, years after the listing.
Chg Since Listing is arguably the most important column on this page. It shows the percentage change between the Listing Price and the CMP — meaning how much an investor who bought at the listing and held until today has gained or lost. This is the core metric IPO Stack tracks across every year.
Subscribed tells you how many times the issue was oversubscribed during the bidding period. A higher subscription multiple means stronger investor demand at the time of the IPO. A lower subscription means low demand.
52-Week High / Low gives you context on recent price action — whether a stock is currently trading near its annual peak or its annual bottom. This allows investors to make up their minds to invest or not.
CHG 1D points at the change that occurred in 1 day. It is the comparision on the price of stock on CMP (current market price) vs pClose (previous day price at market close) %CHG indicates the percentage of change that occurred in 1 day.
Key Takeaways from IPO 2014 by IPOStack
The two most subscribed IPOs of 2014 ended up at opposite extremes. Sharda Cropchem (59.97× subscribed) is up over 311% since listing. Snowman Logistics (59.75× subscribed) is down nearly 50% since listing. Subscription multiples measure market excitement, not business quality — and the 2014 class makes that point more clearly than almost any other year.
Three out of six IPOs are currently trading below their listing price. Monte Carlo, Shemaroo, and Snowman are all in the red on a listing-to-CMP basis, meaning half the 2014 class has eroded value for investors who held from listing day.
The least subscribed IPO (Engineers India at 2.83×) is the steadiest gainer. With a 36% return since listing and no dramatic boom-bust cycle, Engineers India reflects the quiet outperformance that fairly priced, government-backed infrastructure businesses can deliver over time.
Sector disruption is a real long-term risk. Shemaroo’s 46% decline is not purely a company-level failure — it reflects structural changes in how media content is consumed. When evaluating an IPO investment, understanding where the sector is headed over the next decade matters as much as the company’s financials at the time of listing.
Wonderla and Sharda Cropchem are the wealth creators of this class. Both entered as well-subscribed, premium-listing IPOs and continued to compound value long after the listing excitement died down — a product of solid business fundamentals and a sector tailwind that remained intact.
About IPOStack
IPOStack is a blog dedicated to tracking the complete lifecycle of Indian IPOs — from the DRHP filing stage, through the subscription period and listing day, all the way to the current market price years later. Every year has its own dedicated tracker page so you can study IPO performance step by step.
Use these pages to build a historical understanding of how the Indian primary market has evolved, which sectors have rewarded investors, and how listing-day price action compares to long-term value creation.
Disclaimer: All data on this page is for informational and educational purposes only. IPO Stack does not provide investment advice. Please do your own due diligence before making any investment decisions. Market prices are subject to change.