Pre-IPO success stories in India showcase how early investors in unlisted shares reaped massive gains when companies listed on stock exchanges, turning modest investments into life-changing wealth. These tales from ICICI Lombard to BSE highlight the power of patience and research in the unlisted market.

Iconic Success Stories

ICICI Lombard traded at ₹70 in 2009 pre-IPO; investors waited eight years to see it list at ₹680 in 2017, delivering a stunning 9x return amid insurance sector

growth. BSE shares started at ₹120 in 2010, surging to ₹1,069 by 2017 listing—an 8x windfall for those betting on exchange infrastructure. Lux Industries offered ₹75 shares in 2014, rocketing to ₹735 within a year for another 9x gain, proving quick flips in consumer goods.

Modern Multibaggers

Bharat Nidhi’s 2010 pre-IPO at ₹700 ballooned to ₹10,600 over 12 years—a 15x return, rewarding long-term holders in niche finance. Nazara Technologies entered at ₹500 in 2020, listing at ₹1,990 in 2021 for 4x gains fueled by gaming boom. Reliance Retail shares climbed from ₹500 in 2018 to ₹3,200 by 2022, yielding 6x annually on retail expansion.

These stories underscore strong fundamentals, sector tailwinds, and timing as keys to success, with unlisted platforms enabling access.