IPO return calculator
See what allotted IPO shares came to after selling charges and capital-gains tax. Pick an IPO to fill in its issue price, lot size and listing-day prices, or enter your own figures.
Result
Net gain or loss after charges and tax
+₹1,414.1
+9.48% on the amount paid
- Amount paid (182 × ₹82)
- ₹14,924
- Sale value (182 × ₹92.02)
- ₹16,747.64
- Gain or loss before charges
- +₹1,823.64 (+12.22%)
- Charges on the sale
- −₹33.54
- Securities Transaction Tax (0.1%)
- ₹17
- Exchange transaction charges
- ₹0.5
- SEBI turnover fee
- ₹0.02
- DP charge
- ₹13.5
- GST (18%)
- ₹2.52
- Short-term capital-gains tax (20% + 4% cess)
- −₹376
- Net gain or loss
- +₹1,414.1
- Sale price that just covers the charges
- ₹82.18
- Held for
- 2 days
Tax leaves out surcharge (it depends on your total income) and setting off losses; your tax return may differ.
Listed on 5 Nov 2026.
How the figures are worked out
- Amount paid = shares allotted × issue price (less any employee discount per share).
- Sale value = shares × sale price.
- Gain or loss before charges = sale value − amount paid, and as a % of the amount paid.
- Charges = brokerage + STT + exchange charges + SEBI fee + DP charge + GST on brokerage, exchange, SEBI and DP charges.
- Tax = (gain − charges other than STT) × tax rate × (1 + 4% cess), after the yearly exemption for long-term gains. No tax on a loss.
- Net gain or loss = gain before charges − charges − tax.
- Break-even sale price: the price per share at which the sale just covers the amount paid and the charges.
Worked example: Bombay Coated and Special Steels Limited
One lot of Bombay Coated and Special Steels Limited was 182 shares at an issue price of ₹82, so the amount paid is ₹14,924. At the recorded listing-day open of ₹92.02 on BSE, the sale value is ₹16,747.64, a gain of ₹1,823.64 (12.22%) before charges.
Selling charges come to ₹33.54 and short-term capital-gains tax to about ₹376, leaving a gain of ₹1,414.1. The sale price that just covers the charges is ₹82.18.
Figures from the Red Herring Prospectus and the exchange's listing-day prices. Brokerage taken as ₹0 and DP charge as ₹13.5.
Charges and tax rates used
| Item | Rate | Applies to |
|---|---|---|
| Securities Transaction Tax (STT) | 0.1% of the sale value | On delivery sales; rounded to the rupee. Not deductible from the gain. |
| Exchange transaction charges | NSE 0.00297%, BSE 0.00375% | Of the sale value, cash segment. |
| SEBI turnover fee | ₹10 per crore (0.0001%) | Of the sale value. |
| GST | 18% | On brokerage, exchange charges, SEBI fee and DP charge. |
| Stamp duty | Nil for the seller | Paid by the buyer on a sale. |
| Brokerage and DP charge | Set by your broker | You enter them; the DP charge starts at ₹13.5. |
| Short-term capital-gains tax | 20% + 4% cess | Shares held 12 months or less from allotment. Sales from 23 Jul 2024; 15% before that. |
| Long-term capital-gains tax | 12.5% + 4% cess | Held over 12 months, on gains above ₹1.25 L a year. Sales from 23 Jul 2024; 10% above ₹1 L before that. |
Rates checked on 30 Oct 2026. Sources: Income Tax Department: capital gains · NSE: transaction charges · BSE: transaction charges · SEBI: turnover fees. Surcharge depends on total income and isn't included.
Related pages
Dates, price bands and lot sizes of the next issues are on upcoming IPOs. For how IPOs work step by step, see the IPO guides. How many applications get shares is worked out in the IPO allotment calculator.
Frequently asked questions
How is the return on IPO shares worked out?
Multiply the shares allotted by the issue price to get the amount paid, and by the sale price to get the sale value. The difference is the gain or loss before charges. Take away the selling charges and any capital-gains tax to get the net figure.
Which charges apply when IPO shares are sold?
Securities Transaction Tax of 0.1% of the sale value, the exchange's transaction charge, SEBI's turnover fee, your broker's brokerage and DP charge, and 18% GST on everything except STT. Stamp duty on a sale is paid by the buyer.
How are gains on IPO shares taxed?
Shares sold within 12 months of allotment give a short-term gain, taxed at 20% plus 4% cess for sales from 23 July 2024. Held longer, the gain is long-term: 12.5% plus cess on the part above ₹1.25 lakh of such gains in a year. Charges other than STT reduce the taxable gain.
When does the holding period of IPO shares start?
On the date the shares are allotted, not the listing date. The allotment date of each IPO is in its timeline.
Can the result be a loss even when the sale price is above the issue price?
Yes, if the difference is smaller than the selling charges. The break-even sale price in the result shows the lowest price at which the charges are covered.
Does the calculator predict listing prices?
No. It uses the listing-day prices recorded after an IPO lists, or a price you type in, and only does the arithmetic.