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IPO Listing Performance Tracker 2026

The IPO Listing Performance Tracker 2026 monitors the listing outcomes of all IPOs listed between January 2026 and December 2026 In India across both the Mainboard and SME segments. The tracker captures key listing metrics such as issue price, listing price, average listing gain, and the proportion of IPOs listing at a premium. Updated on a monthly basis, it provides a structured view of how the IPO market is performing throughout the year.

You can also track all the upcoming and live IPOs of 2026 in our regularly updated Latest IPO Section of 2026.

Why do some highly valued IPOs underperform on listing? Explore our IPO Valuation vs Listing Performance Study 2026

Updated on. 29.03.2026|14:20 PM

Complete Indian IPO Listing Data for 2026

SL NoIPO NameSegmentIssue Price (₹)Listing Price (₹)Listing Gain/Loss (%)Issue Size (₹ Cr)P/E RatioListing Date
1Shayona Engineering BSE SME₹140 – ₹144144014.8615.75January 30, 2026
2Digilogic SystemsBSE SME₹98 – ₹10483.2-2081.0126.74January 28, 2026
3Shadowfax TechnologiesMainboard₹118 – ₹124112.6-9.21,907953.8January 28, 2026
4KRM AyurvedaNSE SME₹128 – ₹135172.127.4877.4916.75January 29, 2026
5Aritas VinylBSE SME₹40 – ₹4747037.523.58January 23, 2026
6Armour Security (India)NSE SME₹55 – ₹5745.6-2026.5117.54January 22, 2026
7Victory Electric VehiclesNSE SME₹4134.45-1634.5612.42January 14, 2026
8Yajur FibresBSE SME₹168 – ₹174139.2-20120.4123.48January 14, 2026
9E to E Transportation InfrastructureNSE SME₹164 – ₹174330.69084.2215.02January 2, 2026
10Modern Diagnostic & Research CentreBSE SME₹85 – ₹9099.510.563711.04January 7, 2026
11Gabion TechnologiesBSE SME₹76 – ₹81899.8829.1612.20January 13, 2026
12Amagi Media LabsMainboard₹343 – ₹361318-11.911,789-January 21, 2026
13Avana Electrosystems NSE SME₹56 – ₹5977.531.3635.2212.39January 20, 2026
14GRE Renew EnertechBSE SME₹100 – ₹10596-8.639.5615.65January 21, 2026
15Narmadesh Brass IndustriesBSE SME₹515495-3.944.8719.63January 21, 2026
16Indo SMCBSE SME₹141 – ₹149149091.9515.50January 20, 2026
17Bharat Coking Coal (BCCL)Mainboard₹21 – ₹2395.6598.761,071.118.65January 19, 2026
18Defrail TechnologiesBSE SME₹70 – ₹749528.3813.7710.85January 19, 2026
19Gaudium IVFMainboard₹75 – ₹79835.0616525.32February 27, 2026
20Manilam IndustriesNSE SME₹65 – ₹6955.2-2039.9514.87February 27, 2026
21Yashhtej Industries (India)BSE SME₹11088-2088.8814.27February 25, 2026
22Fractal IndustriesBSE SME₹205 – ₹2162296.024915.77February 24, 2026
23Marushika TechnologyNSE SME₹111 – ₹1171202.5626.9712.06February 19, 2026
24Fractal AnalyticsMainboard₹857 – ₹900876-2.72,833.9067.37February 16, 2026
25Aye FinanceMainboard₹122 – ₹12912901,01013.56February 16, 2026
26Biopol Chemicals NSE SME₹102 – ₹1081112.7831.2619.74February 13, 2026
27PAN HR SolutionBSE SME₹74 – ₹7878.350.4517.047.67February 13, 2026
28Brandman RetailNSE SME₹167 – ₹1761833.9886.0910.71February 11, 2026
29Grover JewellsNSE SME₹83 – ₹88969.0933.8312.31February 11, 2026
30C K K Retail MartNSE SME₹155 – ₹163163088.0214.90February 6, 2026
31Msafe EquipmentsBSE SME₹116 – ₹12314417.0766.4215.13February 4, 2026
32Kanishk Aluminium IndiaBSE SME₹7358.4-2029.222.67February 4, 2026
33Accretion NutravedaBSE SME₹122 – ₹12919148.0624.7710.57February 4, 2026
34Kasturi Metal Composite BSE SME₹61 – ₹6464017.6122.38February 3, 2026
35Hannah Joseph HospitalBSE SME₹67 – ₹706504216.2February 2, 2026

2026 IPO Market Performance Overview: IPOs of India

Here is the quick snapshot of IPOs listed in till February 2026.

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IndicatorValue
IPOs Listed So Far35
Average Listing Gain (%)6.26
Median Listing Gain (%)0
Premium Listings (%)45.71
Discount Listings (%)34.29
Best Listing Gain (%)98.76
Lowest Listing Outcome (%)-20


Segment Performance: Mainboard vs SME IPO Listing Performance

Mainboard and SME IPOs very much differ in issue size, volatility, liquidity and that may have direct affect in the listing performance.

SegmentIPO CountAvg Listing Gain (%)Premium Listings Ratio (%)
Mainboard 613.3433.33
SME294.848.27

Avg Listing Gain % by Segment (2026)

Mainboard IPOs show higher average listing gains than SMEs.

Premium Listing Ratio (%) by Segment

SME IPOs have a higher premium listing ratio compared to Mainboard.

Highest and Lowest IPO Listings in 2026

The following tables highlight the highest and lowest IPO listings across the Mainboard and SME segments, identifying notable outliers in listing performance.

Top IPO Listing Performers (2026)

RankIPOSegmentListing Gain %
1Bharat Coking Coal (BCCL)Mainboard98.76%
2E to E Transportation InfrastructureNSE SME90%
3Accretion NutravedaBSE SME48.06%
4Avana ElectrosystemsNSE SME31%
5Defrail TechnologiesBSE SME28.38%

Weakest IPO Listings (2026)

RankIPOSegmentListing Loss (%)
1Digilogic SystemsBSE SME-20%
2Armour Security (India)NSE SME-20%
3Yajur FibresBSE SME-20%
4Manilam IndustriesNSE SME-20%
5Yashhtej Industries (India)BSE SME-20%

Key Observations from IPO Listings in 2026

  1. Reality Check > Fancy Averages
    6.26% average looks good.But median = 0%. Most IPOs are not making you money — a few winners are masking the truth.
  2. SME = Activity, Not Outcome
    Higher premium rate (48.27%). Lower average gain (4.8%). More action, less impact. Mainboard? Fewer wins, but bigger outcomes.
  3. The IPO Payoff Game
    Downside keeps hitting -20% again and again.Upside? Anywhere up to 98.76%. Losses are predictable. Gains are selective.

How the IPO Listing Performance Tracker is Maintained

  • IPO listing data is verified using official exchange sources, primarily the National Stock Exchange of India(NSE) and BSE.
  • Financial and company-related information is sourced from publicly available documents such as the Red Herring Prospectus (RHP) and Draft Red Herring Prospectus (DRHP).
  • Additional industry and company data is referenced from reliable institutional sources including the Securities and Exchange Board of India, the India Brand Equity Foundation (IBEF), company websites, and exchange filings.
  • The P/E ratio of each IPO is calculated using earnings data disclosed in the RHP and the IPO issue price.
  • Listing Gain or Loss (%) is calculated using the following formula:
    Listing Gain (%) = ((Listing Price − Issue Price) / Issue Price) × 100
  • The tracker is updated during the first week of every month to incorporate IPO listings from the previous month.
  • Updates may also be made periodically whenever new verified listing information becomes available.

If you're new to IPO concepts, explore detailed IPO glossary to understand key terms like GMP, P/E ratio, and listing gain.

Why IPO Listing Performance Matters

Listing performance is an important indicator when assessing IPO outcomes because it reflects investor sentiment across different industries and valuation levels.

It also indicates how a particular industry or sector is performing and the price levels at which investors are willing to participate in newly listed companies. Listing performance data can further help in analysing investor behaviour across different sectors, issue sizes, and valuation levels.

Over time, studying listing outcomes provides useful insights into how investors respond to different IPO characteristics and overall market conditions.

Looking for deeper IPO analysis? Explore IPO Market Analytics.

Disclaimer: Investment in securities is subject to market risks. Investors are advised to read all relevant documents, including the RHP and DRHP, before making any investment decisions. MrMoneyFrugal and its team have made their best efforts to present information from logical and reliable sources. The content is for informational and educational purposes only and should not be considered investment advice.