Data to 5 October 2026
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How much speculation is there?

IPO heat

0.77
0 = coldest, 1 = hottest so far, Oct 2026

Above its usual range of 0.44 to 0.76. The record is 0.90, in September 2024. Up from 0.63 a year ago.

202020250.000.200.400.600.801.000.90, Sept 2024usual range, 0.44 to 0.760.77201820202022202420260.000.200.400.600.801.000.90, Sept 2024usual range, 0.44 to 0.760.77201820202022202420260.000.200.400.600.801.000.90, Sept 2024usual range, 0.44 to 0.760.772018201920202021202220232024202520260.000.200.400.600.801.000.90, Sept 2024usual range, 0.44 to 0.760.77

What it is. How busy and how generous the IPO market is: the count of listings and their median first-day gain over three months, each ranked against all earlier history.

How to read it. Hot IPO markets come with rising prices and easy money. Our pre-registered study found that the median IPO trails the market afterwards.

Source: NSE past issues list Method Data

The numbers

Latest0.77Oct 2026
A week ago0.78
A month ago0.78
A year ago0.63
Usual range0.44 to 0.76
Median0.60
Lowest0.0031 Jan 2019
Highest0.9030 Sept 2024
Percentile, full history78
Percentile, last 5 years70

The usual range is the middle half of readings since 2017. A percentile is the share of the 116 readings since 31 Mar 2017 that were below today's. Data: statistics, history (JSON); history as CSV.

To cite: tipsheet, “IPO heat”, data to Oct 2026, https://tipsheet.markets/i/ipo-heat/

Read it with

Foreign investors' long share of index futures 8%below usual
Median IPO listing-day gain, last 3 months 15%usual
Index options put-call ratio 0.98usual
NSE cash turnover a session ₹1.1 lakh crbelow its record
Options premium against cash turnover 0.45×usual
Cash turnover as a share of market value, annualised 61%usual

the usual range: the middle half of all readingstodayEach line runs from the lowest reading ever to the highest.