What do I track listing day return of an IPO?

Listing gain refers to the profit an investor earns when the IPO shares are listed on the stock exchange at a higher price than the issue price. This gain is the difference between the listing price and the issue price, multiplied by the number of shares held. A higher listing price is often driven by strong investor demand, which can be influenced by factors such as the company's financial health, growth potential, and favourable market conditions.

For example, if the issue price is ₹50 per share and the listing price is ₹60 per share, the listing gain is ₹10 per share.