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 No | IPO Name | Segment | Issue Price (₹) | Listing Price (₹) | Listing Gain/Loss (%) | Issue Size (₹ Cr) | P/E Ratio | Listing Date |
|---|---|---|---|---|---|---|---|---|
| 1 | Shayona Engineering | BSE SME | ₹140 – ₹144 | 144 | 0 | 14.86 | 15.75 | January 30, 2026 |
| 2 | Digilogic Systems | BSE SME | ₹98 – ₹104 | 83.2 | -20 | 81.01 | 26.74 | January 28, 2026 |
| 3 | Shadowfax Technologies | Mainboard | ₹118 – ₹124 | 112.6 | -9.2 | 1,907 | 953.8 | January 28, 2026 |
| 4 | KRM Ayurveda | NSE SME | ₹128 – ₹135 | 172.1 | 27.48 | 77.49 | 16.75 | January 29, 2026 |
| 5 | Aritas Vinyl | BSE SME | ₹40 – ₹47 | 47 | 0 | 37.52 | 3.58 | January 23, 2026 |
| 6 | Armour Security (India) | NSE SME | ₹55 – ₹57 | 45.6 | -20 | 26.51 | 17.54 | January 22, 2026 |
| 7 | Victory Electric Vehicles | NSE SME | ₹41 | 34.45 | -16 | 34.56 | 12.42 | January 14, 2026 |
| 8 | Yajur Fibres | BSE SME | ₹168 – ₹174 | 139.2 | -20 | 120.41 | 23.48 | January 14, 2026 |
| 9 | E to E Transportation Infrastructure | NSE SME | ₹164 – ₹174 | 330.6 | 90 | 84.22 | 15.02 | January 2, 2026 |
| 10 | Modern Diagnostic & Research Centre | BSE SME | ₹85 – ₹90 | 99.5 | 10.56 | 37 | 11.04 | January 7, 2026 |
| 11 | Gabion Technologies | BSE SME | ₹76 – ₹81 | 89 | 9.88 | 29.16 | 12.20 | January 13, 2026 |
| 12 | Amagi Media Labs | Mainboard | ₹343 – ₹361 | 318 | -11.91 | 1,789 | - | January 21, 2026 |
| 13 | Avana Electrosystems | NSE SME | ₹56 – ₹59 | 77.5 | 31.36 | 35.22 | 12.39 | January 20, 2026 |
| 14 | GRE Renew Enertech | BSE SME | ₹100 – ₹105 | 96 | -8.6 | 39.56 | 15.65 | January 21, 2026 |
| 15 | Narmadesh Brass Industries | BSE SME | ₹515 | 495 | -3.9 | 44.87 | 19.63 | January 21, 2026 |
| 16 | Indo SMC | BSE SME | ₹141 – ₹149 | 149 | 0 | 91.95 | 15.50 | January 20, 2026 |
| 17 | Bharat Coking Coal (BCCL) | Mainboard | ₹21 – ₹23 | 95.65 | 98.76 | 1,071.11 | 8.65 | January 19, 2026 |
| 18 | Defrail Technologies | BSE SME | ₹70 – ₹74 | 95 | 28.38 | 13.77 | 10.85 | January 19, 2026 |
| 19 | Gaudium IVF | Mainboard | ₹75 – ₹79 | 83 | 5.06 | 165 | 25.32 | February 27, 2026 |
| 20 | Manilam Industries | NSE SME | ₹65 – ₹69 | 55.2 | -20 | 39.95 | 14.87 | February 27, 2026 |
| 21 | Yashhtej Industries (India) | BSE SME | ₹110 | 88 | -20 | 88.88 | 14.27 | February 25, 2026 |
| 22 | Fractal Industries | BSE SME | ₹205 – ₹216 | 229 | 6.02 | 49 | 15.77 | February 24, 2026 |
| 23 | Marushika Technology | NSE SME | ₹111 – ₹117 | 120 | 2.56 | 26.97 | 12.06 | February 19, 2026 |
| 24 | Fractal Analytics | Mainboard | ₹857 – ₹900 | 876 | -2.7 | 2,833.90 | 67.37 | February 16, 2026 |
| 25 | Aye Finance | Mainboard | ₹122 – ₹129 | 129 | 0 | 1,010 | 13.56 | February 16, 2026 |
| 26 | Biopol Chemicals | NSE SME | ₹102 – ₹108 | 111 | 2.78 | 31.26 | 19.74 | February 13, 2026 |
| 27 | PAN HR Solution | BSE SME | ₹74 – ₹78 | 78.35 | 0.45 | 17.04 | 7.67 | February 13, 2026 |
| 28 | Brandman Retail | NSE SME | ₹167 – ₹176 | 183 | 3.98 | 86.09 | 10.71 | February 11, 2026 |
| 29 | Grover Jewells | NSE SME | ₹83 – ₹88 | 96 | 9.09 | 33.83 | 12.31 | February 11, 2026 |
| 30 | C K K Retail Mart | NSE SME | ₹155 – ₹163 | 163 | 0 | 88.02 | 14.90 | February 6, 2026 |
| 31 | Msafe Equipments | BSE SME | ₹116 – ₹123 | 144 | 17.07 | 66.42 | 15.13 | February 4, 2026 |
| 32 | Kanishk Aluminium India | BSE SME | ₹73 | 58.4 | -20 | 29.2 | 22.67 | February 4, 2026 |
| 33 | Accretion Nutraveda | BSE SME | ₹122 – ₹129 | 191 | 48.06 | 24.77 | 10.57 | February 4, 2026 |
| 34 | Kasturi Metal Composite | BSE SME | ₹61 – ₹64 | 64 | 0 | 17.61 | 22.38 | February 3, 2026 |
| 35 | Hannah Joseph Hospital | BSE SME | ₹67 – ₹70 | 65 | 0 | 42 | 16.2 | February 2, 2026 |
2026 IPO Market Performance Overview: IPOs of India |
Here is the quick snapshot of IPOs listed in till February 2026. Market Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary MetricsMarket Summary Metrics
|
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.
Segment IPO Count Avg Listing Gain (%) Premium Listings Ratio (%)
Mainboard 6 13.34 33.33
SME 29 4.8 48.27

Mainboard IPOs show higher average listing gains than SMEs.

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)
Rank IPO Segment Listing Gain %
1 Bharat Coking Coal (BCCL) Mainboard 98.76%
2 E to E Transportation Infrastructure NSE SME 90%
3 Accretion Nutraveda BSE SME 48.06%
4 Avana Electrosystems NSE SME 31%
5 Defrail Technologies BSE SME 28.38%
Weakest IPO Listings (2026)
Rank IPO Segment Listing Loss (%)
1 Digilogic Systems BSE SME -20%
2 Armour Security (India) NSE SME -20%
3 Yajur Fibres BSE SME -20%
4 Manilam Industries NSE SME -20%
5 Yashhtej Industries (India) BSE SME -20%
Key Observations from IPO Listings in 2026
- 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. - SME = Activity, Not Outcome
Higher premium rate (48.27%). Lower average gain (4.8%). More action, less impact. Mainboard? Fewer wins, but bigger outcomes. - 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.
Copyright @ 2025 MrMoneyFrugal
