About Nifty IPO The Nifty IPO Index tracks the performance of upto 100 most recent Initial Public Offerings (IPOs) listed on the National Stock Exchange (NSE) main board. Constituents are selected based on a minimum free-float market capitalization of ₹100 crore at the time of listing. Each stock's weight in the index is determined by its free-float market capitalization, subject to a cap of 10% to ensure diversification. The index is reviewed and reconstituted quarterly to reflect the latest market developments. Launched on January 2, 2017, with a base value of 1000, the Nifty IPO Index serves as a benchmark for investors interested in the performance of newly listed companies on the NSE.