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IPO Listing Gains in 2026

Year in progress: mainboard and SME, updated as new IPOs list.

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MCP
IPOs listed
116
₹1.73 L Cr raised
Median listing gain
+6.67%
average +13.90%
Listed above issue
69.3%
79 above · 12 at · 23 below
Trading below issue now
37
32.7% of 113 priced
Median return since issue
+14.02%
10 doubled · 6 halved

116 Mainboard IPOs listed on NSE and BSE in 2026 as of 5 Nov 2026. Across them, the average listing-day gain was +13.90% (median +6.67%), and 79 of the 114 IPOs with a listing price (69.3%) listed above their issue price.

37 of the 113 Mainboard IPOs with a current price (32.7%) traded below their issue price at the close of 4 Nov 2026, 18 of them after listing above it. The median return since issue is +14.02%; 10 have doubled or more and 6 have lost half or more.

By the same date in 2025 (5 Nov 2025), 86 Mainboard IPOs had listed, with an average listing-day gain of +8.76% (median +4.04%) and 69.8% above issue price.

Every Mainboard IPO listed in 2026

Showing 116 of 116 · latest listing 5 Nov 2026

IPO Listed Issue price Listing price Listing gain Current price Since issue
Bombay Coated & Special Steels 5 Nov 2026₹82.00— ———
M K Sons Fine Jewels 4 Nov 2026₹162.00₹171.00 +5.56%₹162.20+0.12%
BLS Polymers 3 Nov 2026₹150.00₹248.00 +65.33%₹255.94+70.63%
SFC Environmental Technologies 3 Nov 2026₹330.00₹355.10 +7.61%₹406.75+23.26%
EAAA India Alternatives 2 Nov 2026₹1,665.00₹1,675.50 +0.63%₹1,689.90+1.50%
Jio Platforms 28 Oct 2026₹1,119.00₹1,358.00 +21.36%₹1,421.70+27.05%
Paras Healthcare 28 Oct 2026₹693.00₹720.00 +3.90%₹749.80+8.20%
Bonfiglioli Transmissions 23 Oct 2026₹586.00₹586.00 0.00%₹660.65+12.74%
Sahajanand Medical Technologies 23 Oct 2026₹344.00₹371.15 +7.89%₹485.90+41.25%
Tonbo Imaging 23 Oct 2026₹700.00₹1,160.00 +65.71%₹1,275.30+82.19%
Zetwerk Manufacturing Business 23 Oct 2026—— —₹164.85—
Fusion CX 22 Oct 2026₹289.00₹305.00 +5.54%₹285.95−1.06%
HD Fire Protect 21 Oct 2026₹271.00₹335.00 +23.62%₹265.45−2.05%
Nityas Gems & Jewellery 8 Oct 2026₹75.00₹80.00 +6.67%₹66.52−11.31%
Vishal Nirmiti 8 Oct 2026₹220.00₹215.00 −2.27%₹104.64−52.44%
SRIT 6 Oct 2026₹130.00₹148.00 +13.85%₹118.97−8.48%
Shah Investors Home 6 Oct 2026₹167.00₹171.00 +2.40%₹139.54−16.44%
Shree TNB Polymers 6 Oct 2026₹53.00₹60.00 +13.21%₹52.32−1.28%
AceVector 5 Oct 2026₹32.00₹28.32 −11.50%₹19.47−39.16%
German Green Steel and Power 5 Oct 2026₹139.00₹142.00 +2.16%₹115.39−16.99%
Orient Cables 5 Oct 2026₹272.00₹450.00 +65.44%₹351.15+29.10%
Runwal Enterprises 5 Oct 2026₹305.00₹305.00 0.00%₹212.18−30.43%
A One Steels 1 Oct 2026₹405.00₹455.00 +12.35%₹400.40−1.14%
Moneyview 1 Oct 2026₹34.00₹55.00 +61.76%₹55.08+62.00%
Adroit Industries 30 Sep 2026₹134.00₹235.00 +75.37%₹176.32+31.58%
ArMee Infotech 30 Sep 2026₹375.00₹375.00 0.00%₹285.20−23.95%
Elevate Campuses 30 Sep 2026₹362.00₹355.10 −1.91%₹280.95−22.39%
Swastika Infra 30 Sep 2026₹185.00₹200.00 +8.11%₹198.65+7.38%
Varmora Granito 29 Sep 2026₹148.00₹155.00 +4.73%₹134.08−9.41%
Vivekanand Cotspin 28 Sep 2026₹37.00₹38.00 +2.70%₹76.27+106.14%
National Stock Exchange of India 24 Sep 2026₹1,785.00₹1,800.00 +0.84%₹1,809.40+1.37%
Sonaselection 24 Sep 2026₹99.00₹102.31 +3.34%₹104.38+5.43%
Hero Motors 23 Sep 2026₹84.00₹82.00 −2.38%₹119.55+42.32%
Jindal Supreme 23 Sep 2026₹93.00₹120.00 +29.03%₹165.37+77.82%
SS Retail 23 Sep 2026₹424.00₹624.00 +47.17%₹646.35+52.44%
Manika Plastech 21 Sep 2026₹43.00₹43.00 0.00%₹49.03+14.02%
Veegaland Developers 18 Sep 2026₹140.00₹154.00 +10.00%₹132.61−5.28%
Asset Reconstruction Company 17 Sep 2026₹139.00₹139.00 0.00%₹124.11−10.71%
Karamtara Engineering 17 Sep 2026₹254.00₹320.00 +25.98%₹383.00+50.79%
LCC Projects 17 Sep 2026₹146.00₹189.00 +29.45%₹135.28−7.34%
Manipal Payment and Identity Solutions 17 Sep 2026₹339.00₹330.00 −2.65%₹331.35−2.26%
Rentomojo 17 Sep 2026₹404.00₹482.45 +19.42%₹589.50+45.92%
Steamhouse 17 Sep 2026₹81.00₹94.50 +16.67%₹133.89+65.30%
Glass Wall Systems 16 Sep 2026₹182.00₹194.00 +6.59%₹244.63+34.41%
Kanohar Electricals 16 Sep 2026₹632.00₹685.50 +8.47%₹1,070.60+69.40%
Prasol Chemicals 16 Sep 2026₹676.00₹610.00 −9.76%₹772.45+14.27%
Pranav Constructions 15 Sep 2026₹124.00₹165.00 +33.06%₹88.07−28.98%
Deepa Jewellers 8 Sep 2026₹177.00₹221.00 +24.86%₹214.11+20.97%
Rays of Belief 8 Sep 2026₹239.00₹239.00 0.00%₹251.36+5.17%
Purple Style Labs 7 Sep 2026₹575.00₹535.00 −6.96%₹500.05−13.03%
ESDS Software Solution 4 Sep 2026₹429.00₹757.00 +76.46%₹1,193.60+178.23%
Priority Jewels 4 Sep 2026₹200.00₹230.00 +15.00%₹274.60+37.30%
Lumino Industries 3 Sep 2026₹82.00₹110.00 +34.15%₹99.84+21.76%
Annu Projects 2 Sep 2026₹99.00₹72.00 −27.27%₹39.52−60.08%
Hy-Tech Engineers 1 Sep 2026₹53.00₹75.00 +41.51%₹80.80+52.45%
Skyways Air Services 1 Sep 2026₹138.00₹124.00 −10.14%₹105.04−23.88%
Symbiotec Pharmalab 1 Sep 2026₹988.00₹988.00 0.00%₹1,233.20+24.82%
Augmont Enterprises 31 Aug 2026₹788.00₹961.00 +21.95%₹1,021.05+29.57%
Tempsens Instruments 28 Aug 2026₹300.00₹634.00 +111.33%₹542.85+80.95%
Gaja Alternative Asset Management 26 Aug 2026₹160.00₹185.00 +15.63%₹142.83−10.73%
Shankesh Jewellers 25 Aug 2026₹93.00₹103.30 +11.08%₹93.58+0.62%
Sunshine Pictures 25 Aug 2026₹360.00₹395.90 +9.97%₹392.40+9.00%
Horizon Industrial Parks 24 Aug 2026₹60.00₹60.25 +0.42%₹44.35−26.08%
Lalithaa Jewellery Mart 24 Aug 2026₹201.00₹265.00 +31.84%₹366.05+82.11%
Behari Lal Engineering 19 Aug 2026₹285.00₹465.00 +63.16%₹453.95+59.28%
Shiprocket 19 Aug 2026₹97.00₹131.00 +35.05%₹131.89+35.97%
Milky Mist Dairy Food 18 Aug 2026₹140.00₹165.00 +17.86%₹302.55+116.11%
Dhoot Transmission 17 Aug 2026₹871.00₹1,200.00 +37.77%₹1,637.20+87.97%
Molbio Diagnostics 17 Aug 2026₹807.00₹980.00 +21.44%₹1,381.80+71.23%
LEAP 14 Aug 2026₹159.00₹165.90 +4.34%₹116.45−26.76%
Technocraft Ventures 14 Aug 2026₹212.00₹284.00 +33.96%₹540.20+154.81%
Ardee Industries 12 Aug 2026₹53.00₹72.00 +35.85%₹47.19−10.96%
Juniper Green Energy 6 Aug 2026₹225.00₹245.00 +8.89%₹255.42+13.52%
MV Electrosystems 6 Aug 2026₹425.00₹520.00 +22.35%₹775.70+82.52%
Manipal Health Enterprises 5 Aug 2026₹590.00₹652.00 +10.51%₹667.20+13.08%
Cube Highways Trust 31 Jul 2026₹152.00₹152.00 0.00%₹152.40−0.05%
Indo-MIM 30 Jul 2026₹485.00₹700.00 +44.33%₹1,240.10+155.69%
Lohia Corp 30 Jul 2026₹425.00₹461.00 +8.47%₹540.20+27.11%
Xtranet Technologies 30 Jul 2026₹127.00₹136.00 +7.09%₹280.65+120.98%
Caliber Mining & Logistics 24 Jul 2026₹424.00₹552.00 +30.19%₹526.45+24.16%
Alpine Texworld 21 Jul 2026₹105.00₹105.00 0.00%₹41.10−60.86%
SBI Funds Management 21 Jul 2026₹574.00₹610.00 +6.27%₹498.25−13.20%
Laser Power & Infra 16 Jul 2026₹214.00₹269.00 +25.70%₹222.08+3.78%
Kusumgar 15 Jul 2026₹419.00₹574.00 +36.99%₹584.95+39.61%
Knack Packaging 8 Jul 2026₹170.00₹186.00 +9.41%₹187.59+10.35%
Aastha Spintex 6 Jul 2026₹136.00₹130.00 −4.41%₹23.94−82.40%
CSM Technologies 2 Jul 2026₹113.00₹113.00 0.00%₹78.90−30.18%
Advit Jewels 1 Jul 2026₹138.00₹187.00 +35.51%₹298.70+116.45%
Waterways Leisure Tourism 1 Jul 2026₹808.00₹690.00 −14.60%——
Turtlemint Fintech Solutions 29 Jun 2026₹152.00₹136.20 −10.39%₹56.87−62.59%
Hexagon Nutrition 12 Jun 2026₹45.00₹48.00 +6.67%₹59.67+32.60%
CMR Green Technologies 10 Jun 2026₹192.00₹275.40 +43.44%₹213.08+10.98%
Bagmane Prime Office REIT 14 May 2026₹100.00₹103.40 +3.40%₹105.93+5.93%
Onemi Technology Solutions 8 May 2026₹171.00₹191.00 +11.70%₹315.05+84.24%
Citius Transnet Investment Trust 29 Apr 2026₹100.00₹104.50 +4.50%₹114.26+16.97%
Property Share Investment Trust-Propshare Celestia 24 Apr 2026₹10,50,000.00₹9,99,900.01 −4.77%₹10,00,000.00−4.76%
Om Power Transmission 17 Apr 2026₹175.00₹181.10 +3.49%₹131.46−24.88%
Amir Chand Jagdish Kumar (Exports) 2 Apr 2026₹212.00₹195.00 −8.02%₹222.57+4.99%
Powerica 2 Apr 2026₹395.00₹375.00 −5.06%₹499.75+26.52%
Sai Parenteral's 2 Apr 2026₹392.00₹405.00 +3.32%₹478.50+22.07%
Central Mine Planning & Design Institute 30 Mar 2026₹172.00₹162.80 −5.35%₹183.95+6.95%
GSP Crop Science 24 Mar 2026₹320.00₹332.30 +3.84%₹438.40+37.00%
RaajMarg Infra Investment Trust 24 Mar 2026₹100.00₹108.00 +8.00%₹119.99+19.83%
Innovision 23 Mar 2026₹519.00₹466.00 −10.21%₹263.22−49.28%
Rajputana Stainless 19 Mar 2026₹122.00₹123.95 +1.60%₹169.27+38.75%
Sedemac Mechatronics 11 Mar 2026₹1,352.00₹1,510.00 +11.69%₹3,101.60+129.41%
Omnitech Engineering 5 Mar 2026₹227.00₹205.00 −9.69%₹669.40+194.89%
PNGS Reva Diamond Jewellery Limited 4 Mar 2026₹386.00₹372.00 −3.63%₹634.50+64.38%
Clean Max Enviro Energy Solutions 2 Mar 2026₹1,053.00₹952.20 −9.57%₹1,249.10+18.62%
Shree Ram Twistex 2 Mar 2026₹104.00₹70.00 −32.69%₹35.52−65.85%
Gaudium IVF and Women Health 27 Feb 2026₹79.00₹83.00 +5.06%₹107.22+35.72%
Aye Finance 16 Feb 2026₹129.00₹129.00 0.00%₹134.77+4.47%
Fractal Analytics 16 Feb 2026₹900.00₹900.00 0.00%₹835.65−7.15%
Shadowfax Technologies 28 Jan 2026₹124.00₹113.00 −8.87%₹279.50+125.40%
Amagi Media Labs 21 Jan 2026₹361.00₹317.00 −12.19%₹574.60+59.17%
Bharat Coking Coal 19 Jan 2026₹23.00₹45.21 +96.57%₹31.15+35.43%

Listing price is the opening price on listing day. Current price is the latest close (4 Nov 2026); since issue is adjusted for any later split or bonus. Click a column to sort.

How 2026 Mainboard IPOs listed

Listing-day gain of the 114 issues with a listing price, in fixed bands.

  • −20% or worse 2 1.8%
  • −20% to −10% 6 5.3%
  • −10% to 0% 15 13.2%
  • At issue price 12 10.5%
  • 0% to 10% 33 28.9%
  • 10% to 25% 19 16.7%
  • 25% to 50% 18 15.8%
  • 50% to 90% 7 6.1%
  • 90% or more 2 1.8%

Listing gains by subscription

Overall times subscribed at the close of bidding. A historical pattern, not a predictor of how any one issue will list.

SubscribedIPOsMedian listing gainListed above issueNow below issue
Under 2x220.00%45.5%12 of 21
2x to 10x26+3.90%68.0%9 of 25
10x to 50x17+10.00%82.4%8 of 17
50x to 100x15+20.43%85.7%1 of 14
100x and over23+35.51%95.7%4 of 23
Not recorded13−3.63%30.8%3 of 13

Listing gains and "listed above issue" cover issues with a listing price; "now below issue" and the return since issue cover issues with a current price.

Listing gains by issue size

Total offer as disclosed.

Issue sizeIPOsMedian listing gainListed above issueNow below issue
Under ₹50 Cr2+7.96%100.0%1 of 2
₹50 Cr to ₹250 Cr25+4.28%62.5%12 of 24
₹250 Cr to ₹1,000 Cr54+10.53%72.2%18 of 53
₹1,000 Cr to ₹5,000 Cr29+3.90%62.1%5 of 29
₹5,000 Cr and over6+8.00%100.0%1 of 5

Listing gains and "listed above issue" cover issues with a listing price; "now below issue" and the return since issue cover issues with a current price.

Mainboard vs SME IPO listing gains

Mainboard: 116 listings, average +13.90%, median +6.67%, 69.3% above issue price. SME: 187 listings, average +11.82%, median +0.80%, 54.0% above issue price.

SegmentListedAverage gainMedian gainAbove / at / below issueAbove issue
Mainboard116+13.90%+6.67%79 / 12 / 2369.3%
SME187+11.82%+0.80%101 / 30 / 5654.0%
Mainboard116+13.90%+6.67%79 / 12 / 2369.3%

Listing gains by month

By listing date. Averages cover issues with a recorded listing price.

MonthListedAverage gainMedian gainAbove issue
Jan 20263+25.17%−8.87%1 of 3
Feb 20263+1.69%0.00%1 of 3
Mar 202610−4.60%−4.49%4 of 10
Apr 20266−1.09%−0.72%3 of 6
May 20262+7.55%+7.55%2 of 2
Jun 20263+13.24%+6.67%2 of 3
Jul 202614+13.21%+7.78%9 of 14
Aug 202618+27.41%+21.70%18 of 18
Sep 202633+13.69%+6.59%21 of 33
Oct 202619+16.23%+7.28%14 of 18
Nov 20265+19.78%+6.59%4 of 4

Highest listing-day gains

IPOListedIssue priceListing priceListing gain
Tempsens Instruments Mainboard28 Aug 2026₹300.00₹634.00 +111.33%
Bharat Coking Coal Mainboard19 Jan 2026₹23.00₹45.21 +96.57%
ESDS Software Solution Mainboard4 Sep 2026₹429.00₹757.00 +76.46%
Adroit Industries Mainboard30 Sep 2026₹134.00₹235.00 +75.37%
Tonbo Imaging Mainboard23 Oct 2026₹700.00₹1,160.00 +65.71%

Lowest listing-day gains

IPOListedIssue priceListing priceListing gain
Shree Ram Twistex Mainboard2 Mar 2026₹104.00₹70.00 −32.69%
Annu Projects Mainboard2 Sep 2026₹99.00₹72.00 −27.27%
Waterways Leisure Tourism Mainboard1 Jul 2026₹808.00₹690.00 −14.60%
Amagi Media Labs Mainboard21 Jan 2026₹361.00₹317.00 −12.19%
AceVector Mainboard5 Oct 2026₹32.00₹28.32 −11.50%

Highest return since issue

IPOListedIssue priceCurrent priceSince issue
Omnitech Engineering Mainboard5 Mar 2026₹227.00₹669.40+194.89%
ESDS Software Solution Mainboard4 Sep 2026₹429.00₹1,193.60+178.23%
Indo-MIM Mainboard30 Jul 2026₹485.00₹1,240.10+155.69%
Technocraft Ventures Mainboard14 Aug 2026₹212.00₹540.20+154.81%
Sedemac Mechatronics Mainboard11 Mar 2026₹1,352.00₹3,101.60+129.41%

Lowest return since issue

IPOListedIssue priceCurrent priceSince issue
Aastha Spintex Mainboard6 Jul 2026₹136.00₹23.94−82.40%
Shree Ram Twistex Mainboard2 Mar 2026₹104.00₹35.52−65.85%
Turtlemint Fintech Solutions Mainboard29 Jun 2026₹152.00₹56.87−62.59%
Alpine Texworld Mainboard21 Jul 2026₹105.00₹41.10−60.86%
Annu Projects Mainboard2 Sep 2026₹99.00₹39.52−60.08%

Mainboard IPO listing gains, year by year

Listing-day figures for every year covered. The current year runs to date.

YearIPOsMedian gainAverage gainListed above issue
2026 YTD116+6.67%+13.90%69.3%
2025 108+4.22%+9.08%68.5%
2024 93+15.94%+28.17%77.4%
2023 61+16.43%+26.56%78.7%
2022 39+3.75%+10.25%69.2%
2021 66+11.19%+30.28%69.7%
2020 16+18.41%+38.72%75.0%
2019 17+3.93%+14.58%58.8%
2018 24+1.35%+5.26%50.0%

Methodology

  • Covers every IPO whose shares were listed on NSE or BSE between 1 Jan 2026 and 5 Nov 2026, mainboard and SME, one row per issue. An issue listed on both exchanges counts once.
  • Listing-day gain is the listing price (the price at which the shares opened on their first trading day) over the final issue price. The current price is the latest close; the return since issue is adjusted for any split or bonus after listing.
  • Averages, medians and the share above issue price cover issues with a recorded listing price; an issue without one is counted in the listings total but not in the averages.
  • Mainboard and SME are the two exchange segments; together they make up the total. An issue withdrawn before listing (no shares allotted or traded) is not counted, even if a listing date had been announced.
  • Issue size is the total offer in ₹ crore as disclosed. Subscription is the overall times subscribed at the close of bidding; it is recorded for issues from 2026.
  • Trading below issue counts issues whose latest close, adjusted for any later split or bonus, is under the issue price. An issue with no close in the last 30 days (suspended, or migrated) has no current price and is left out of those counts.

Frequently asked questions

How did IPOs perform on listing day in 2026?
116 Mainboard IPOs listed on NSE and BSE in 2026 as of 5 Nov 2026. Across them, the average listing-day gain was +13.90% (median +6.67%), and 79 of the 114 IPOs with a listing price (69.3%) listed above their issue price.
How many 2026 IPOs are trading below their issue price?
37 of the 113 Mainboard IPOs with a current price (32.7%) traded below their issue price at the close of 4 Nov 2026, 18 of them after listing above it. The median return since issue is +14.02%; 10 have doubled or more and 6 have lost half or more.
How is the listing-day gain calculated?
Listing-day gain is the listing price (the price at which the shares opened on their first trading day) over the final issue price. The current price is the latest close; the return since issue is adjusted for any split or bonus after listing.
What does the IPO listing-gains report cover?
Listing-day performance of Indian IPOs by year: average and median listing gain, how many listed above issue, mainboard against SME, and every issue's prices.
Is this investment advice?
Past listing-day performance says nothing about how a future IPO will list or trade. This is historical data, not investment advice and not a recommendation to apply for, buy or sell any security. Tapetide is not a SEBI-registered research analyst or investment adviser.

By , Research lead How we research these reports