BSE Select IPO stocks list
BSEStrategy70 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 53.74
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 8.30
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 0.24%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −3.85%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −3.75%
- 1YOne-year return of an index. The latest close against the close a year earlier, on the same date or the last trading day before it, as a percentage. One-year return of an index in the glossary
- −9.92%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
At or below today's level on 1% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 28 Oct 2026
What the BSE Select IPO companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 60 companies that filed both.
- +16.3%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 70 companies that filed it; a loss counts as negative.
- ₹32,461 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 70 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 70of 70
- Median ROCEMedian return on capital employed. The middle figure of the 59 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 11.9%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the BSE Select IPO, each sized by its market cap.
Market cap, ₹ crore
- Life Insurance Corporation of India₹5,00,940 Cr
- Eternal₹3,26,037 Cr
- Hyundai Motor India₹1,56,170 Cr
- Tata Motors₹1,47,422 Cr
- Tata Capital₹1,38,531 Cr
- Jio Financial Services₹1,36,685 Cr
- ICICI Prudential Asset Management Company₹1,35,521 Cr
- Billionbrains Garage Ventures₹1,19,901 Cr
- Lenskart Solutions₹1,18,577 Cr
- LG Electronics India₹1,14,142 Cr
- One 97 Communications₹1,08,207 Cr
- Meesho₹1,04,040 Cr
Companies in the BSE Select IPO
Largest first, by market cap.
Life Insurance Corporation of IndiaLICI · Insurance₹396.00+1.16%₹5,00,940 Cr8.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.53%−12.8%
Tata MotorsTMCV · Agricultural, Commercial & Construction Vehicles₹400.30+0.15%₹1,47,422 Cr23.3047.5%1.00%–
Tata CapitalTATACAP · Finance₹326.35+5.51%₹1,38,531 Cr23.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.17%0.0%
ICICI Prudential Asset Management CompanyICICIAMC · Capital Markets₹2,741.90−1.68%₹1,35,521 Cr38.3085.0%2.09%–
One 97 CommunicationsPAYTM · Financial Technology (Fintech)₹1,686.50+3.37%₹1,08,207 Cr126.601.3%None+28.8%
Mankind PharmaMANKIND · Pharmaceuticals & Biotechnology₹2,469.30−0.83%₹1,01,993 Cr45.4013.6%None+1.0%
Bajaj Housing FinanceBAJAJHFL · Finance₹77.92+0.57%₹64,926 Cr23.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−29.6%
Anthem BiosciencesANTHEM · Pharmaceuticals & Biotechnology₹830.15−0.24%₹46,781 Cr81.2021.2%0.24%+14.2%
Piramal FinancePIRAMALFIN · Finance₹1,864.80+3.38%₹44,127 Cr23.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.59%–
HDB Financial ServicesHDBFS · Finance₹499.60−0.70%₹41,506 Cr14.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.80%−32.0%
Sai Life SciencesSAILIFE · Pharmaceuticals & Biotechnology₹1,495.70+0.57%₹31,771 Cr87.8018.7%None+63.2%
Star Health and Allied Insurance CompanySTARHEALTH · Insurance₹532.40+2.53%₹31,338 Cr29.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+10.8%
Indian Renewable Energy Development AgencyIREDA · Finance₹101.20+0.61%₹28,429 Cr14.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.33%−34.9%
Rubicon ResearchRUBICON · Pharmaceuticals & Biotechnology₹1,559.30−0.30%₹25,811 Cr89.6025.8%0.10%+159.7%
Kaynes Technology IndiaKAYNES · Industrial Manufacturing₹3,187.50+1.51%₹21,427 Cr62.008.5%None−53.9%
AWL Agri BusinessAWL · Agricultural Food & other Products₹163.94−0.94%₹21,307 Cr18.5014.2%0.61%−40.5%
Aadhar Housing FinanceAADHARHFC · Finance₹440.00+2.21%₹19,289 Cr16.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−14.5%
Onesource Specialty PharmaONESOURCE · Pharmaceuticals & Biotechnology₹1,569.60−0.51%₹17,999 Cr–1.5%None−15.3%- Central Mine Planning & Design InstituteCMPDI · Commercial Services & Supplies₹189.53+2.05%₹13,532 Cr––1.67%–
Five-Star Business FinanceFIVESTAR · Finance₹418.85+1.24%₹12,364 Cr11.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.48%−30.8%
Funds that follow the BSE Select IPO
2 index funds and ETFs track the BSE Select IPO; 1 other fund uses it as its benchmark.
Mirae Asset BSE Select IPO ETFETF · Mirae Asset Mutual FundNAV₹44.41291Y−10.22%3Y–5Y–Size₹23 CrCost0.59%
Motilal Oswal BSE Select IPO ETFETF · Motilal Oswal Mutual FundNAV₹44.44821Y–3Y–5Y–Size₹6 CrCost0.71%
About the BSE Select IPO
The BSE Select IPO index measures the performance of companies listed on BSE through an initial public offering, or through a spin-off or demerger. It holds at least 20 and at most 100 stocks, and its membership is reviewed every quarter. It is maintained by BSE Index Services Pvt. Ltd.
How companies are chosen
Each quarter the index draws on companies listed through an IPO or a spin-off or demerger in the past one year. Only common stocks qualify, and a stock needs at least three months of listing history on BSE at the rebalancing reference date. The first portfolio drew on IPOs and spin-offs listed between 2011 and 2014.
A stock qualifies if its average market capitalisation is greater than that of the 200th stock in the BSE AllCap Index. It also qualifies if its average market capitalisation is greater than the 500th stock's and its annualised traded value is greater than the 475th stock's. Both measures use the prior three months. Annualised traded value is the median of the monthly medians of daily traded values, scaled using 250 trading days a year.
An existing member is removed if its average market capitalisation or its annualised traded value falls below that of the 600th stock in the BSE AllCap Index, or once it has completed five years in the index. If the count falls below 20, the five-year rule is relaxed. If the count passes 100, removals follow a score that adds vintage points (5 for a vintage under one year, down to 1 for under five years) to market capitalisation points (5 for the top fifth of the index, down to 1 for the bottom fifth). A tie is settled by removing the stock with the lowest average market capitalisation.
How it is weighted
Stocks are weighted by float-adjusted market capitalisation, with no stock above 5%. Float-adjusted means only the shares available to trade count, as set by each company's Investable Weight Factor. If the count falls below 20 for any reason other than the five-year rule, the cap becomes 10%. Weights are set from closing prices on the Wednesday before the second Friday of the rebalancing month.
When it is reviewed
The index is rebalanced and reconstituted quarterly, effective at market open on the Monday after the third Friday of the rebalancing month (Mar, Jun, Sep and Dec). The reference date is the close of the last trading day of Feb, May, Aug and Nov.
No company is added between rebalancings. A company can be deleted in between for events such as a merger, delisting, suspension or bankruptcy, and a company placed on the Graded Surveillance Measure list, the exchanges' list of stocks under extra surveillance, is dropped at the monthly review. It must stay off that list for six consecutive months before it can be considered again.
Base date and value
The index launched on 18 Nov 2024. Its history starts on 30 May 2014, the base date, at a base value of 1,000.
- Published by
- BSE
- Kind
- Strategy
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 70
- List last changed
- 30 Sep 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 30 of 65
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
Nifty Midcap150 Quality 5050 companiesP/E 28.56
Nifty MidSmallcap400 Momentum Quality 100100 companiesP/E 28.01
Nifty Top 10 Equal Weight10 companiesP/E 16.04
Nifty100 Quality 3030 companiesP/E 25.13
Nifty200 Alpha 3030 companiesP/E 16.72- Nifty200 Value 3030 companiesP/E 8.54
BSE 200 Equal Weight Index200 companiesP/E 22.70- BSE Enhanced Value Index30 companiesP/E 8.65
- BSE LargeMid (60:40) Stable Dividend 5050 companiesP/E 23.38
Nifty Top 15 Equal Weight15 companiesP/E 17.78