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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. 13.06.2026|10:15 AM

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
36Speciality MedicinesBSE SME₹117 – ₹124124029.148.7930-March 2026
37Central Mine Planning & Design Institute Limited (CMPDIL)Mainboard₹163 – ₹172160-71,84218.4930-March 2026
38Novus LoyaltyBSE SME₹139 – ₹146146060.1549.8325-March 2026
39GSP Crop ScienceMainboard₹304 – ₹3203282.540015.0924-March 2026
40Apsis AerocomNSE SME₹104 – ₹11015339.0935.7714.5818-March 2026
41Raajmarg Infra InvITMainboard₹99 – ₹10010776000-24-March 2026
42Innovision LimitedMainboard₹521 – ₹548467.7-14.7322.8435.0823-March 2026
43Rajputana StainlessMainboard₹116 – ₹122122025521.1119-March 2026
44Srinibas Pradhan ConstructionsNSE SME₹91 – ₹98100.052.0920.328.6513-March 2026
45Elfin Agro IndiaBSE SME₹4747.30.6425.0313.0512-March 2026
46Sedemac Mechatronics LimitedMainboard₹1,287 – ₹1,352153513.541,087.45123.6911-March 2026
47Acetech E-CommerceNSE SME₹106 – ₹112112048.9514.6609-March-2026
48Striders Impex LimitedNSE SME₹71–₹7270-2.836.2911.4806-March-2026
49Omnitech Engineering LimitedMainboard₹216 – ₹227202-1158353.2905-March-2026
50Yaap Digital LimitedNSE SME₹138 – ₹145127-12.480.1118.2405-March-2026
51PNGS Reva Diamond Jewellery LimitedMainboard₹367 – ₹386375-2.838010.9604-March-2026
52Clean Max Enviro Energy Solutions LimitedMainboard₹1,000 – ₹1,053960-8.83,100377.4202-March-2026
53Shree Ram Twistex LimitedMainboard₹95 – ₹10468-34.6110.2438.202-March-2026
54Kiaasa Retail LimitedBSE SME₹121 – ₹127123-3.169.7219.302-March-2026
55Accord Transformer & Switchgear LimitedBSE SME₹43 – ₹46508.725.5910.5702-March-2026
56Mobilise App Lab LimitedNSE SME₹75 – ₹8064.1-19.920.10.302-March-2026
57Vivid ElectromechNSE SME₹528 – ₹5555651.8130.5419.27-April 2026
58Highness MicroelectronicsBSE SME₹114 – ₹1201254.1721.6716.72-April 2026
59Amir Chand Jagdish Kumar (Exports) LimitedMainboard₹201 – ₹212200-5.744028.412-April 2026
60Powerica LimitedMainboard₹375 – ₹395366-7.31,10025.882-April 2026
61Sai Parenteral’s LimitedMainboard₹372 – ₹3924002.04408.7972.192-April 2026
62Tipco Engineering India LimitedBSE SME₹84 – ₹8989.250.2860.558.181-April 2026
63Adisoft TechnologiesNSE SME₹163 – ₹17220519.1974.112.8230-April 2026
64Citius TransNet InvITMainboard₹99 – ₹100104.64.61,105-29-April 2026
65Mehul TelecomBSE SME₹96 – ₹9810810.227.7311.824-April 2026
66Om Power TransmissionMainboard₹166 – ₹1751866.29150.0619.4817-April 2026
67Safety Controls & DevicesBSE SME₹75 to ₹80833.754811.4613-April 2026
68Emiac TechnologiesBSE SME₹93 – ₹98107.81031.7519.813-April 2026
69Amba Auto Sales & ServicesNSE SME₹130 – ₹135134.5-0.3765.1223.435-May 2026
70Teamtech FormworkNSE SME₹61 – ₹637519.0550.1511.97May 26, 2026
71NFP Sampoorna Foods LimitedNSE SME₹52 – ₹5554.5-0.9124.5335.64May 25, 2026
72Goldline PharmaceuticalBSE SME₹41 – ₹4359.7538.9511.6110.49May 19, 2026
73RFBL Flexi PackNSE SME₹47 – ₹5052.5535.339.74May 19, 2026
74Simca AdvertisingNSE SME₹174 – ₹183156-14.7558.0416.13May 15, 2026
75Bagmane Prime Office REITMainboard₹95.00 – ₹100.00103.53.53,405-14-May 2026
76Recode StudiosBSE SME₹150 – ₹158213.134.8744.5938.9112-May 2026
77Value 360 CommunicationsNSE SME₹95 – ₹9878.4-2041.6918.1111-May 2026
78Kissht IPOMainboard₹162 – ₹17119011.11925.9213.378-May 2026
79Q-Line Biotech SMENSE SME₹326 – ₹34345231.78214.4811.98May 29, 2026
80Bio Medica LaboratoriesNSE SME₹132 – ₹139111.2-2052.4313.02May 29, 2026
81Autofurnish LimitedBSE SME₹41434.8814.610.7May 29, 2026
82Vegorama Punjabi AngithiBSE SME₹73 – ₹77118.153.3838.3811.83May 27, 2026

2026 IPO Market Performance Overview: IPOs of India

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

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IndicatorValue
IPOs Listed So Far82
Average Listing Gain (%)4.53
Median Listing Gain (%)0.37
Premium Listings (%)51.22
Discount Listings (%)35.36
At-Par Listings (%)13.41
Best Listing Gain (%)98.76
Lowest Listing Outcome (%)-34.6


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 (%)
Mainboard231.6843.48
SME595.6454.24

Avg Listing Gain (%): Mainboard Vs. SME IPOs

Among 59 SME IPOs and 23 Mainboard IPOs listed so far, SME issues delivered stronger average listing gains of 5.64%, compared with 1.68% for Mainboard IPOs.

Premium Listings Ratio (%): Mainboard Vs. SME IPOs

Of the 59 SME IPOs listed, 54.24% debuted at a premium, while 43.48% of the 23 Mainboard IPOs listed above their issue price.

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 (Top 10) (2026)

RankIPOSegmentListing Gain
1Bharat Coking Coal (BCCL)Mainboard98.76%
2E to E Transportation InfrastructureNSE SME90%
3Vegorama Punjabi AngithiBSE SME53.38 %
4Accretion NutravedaBSE SME48.06%
5Apsis Aerocom LimitedNSE SME39.09 %
6Goldline PharmaceuticalBSE SME38.95%
7Recode StudiosBSE SME34.87%
8Avana ElectrosystemsNSE SME31.36%
9Q-Line Biotech SMENSE SME31.78%
10Defrail TechnologiesBSE SME28.38%

Weakest IPO Listings (Top 5) (2026)

RankIPOSegmentListing Loss
1Shree Ram Twistex LimitedMainboard -34.6%
2Digilogic SystemsBSE SME-20%
3Armour Security (India)NSE SME-20%
4Yajur FibresBSE SME-20%
5Manilam IndustriesNSE SME-20%
6Yashhtej Industries (India)BSE SME-20 %
7Kanishk Aluminium IndiaBSE SME-20 %
8Value 360 CommunicationsNSE SME-20 %
9Bio Medica LaboratoriesNSE SME-20 %
10Mobilise App Lab LimitedNSE SME-19.9 %

Key Observations from IPO Listings till May 2026

1. The average IPO return overstates the experience of most investors.

The median listing gain is just 0.37%, far below the average of 4.53%. This suggests that a small number of strong listings have disproportionately influenced the overall market average.

2. SME IPOs are generating higher returns, but they are also dominating both the winners and losers list.

While SME IPOs have delivered a higher average listing gain than Mainboard IPOs, they also account for most of the strongest and weakest listings of 2026, highlighting the segment's higher risk-reward profile.

3. Premium listings have not dominated the IPO market in 2026.

Nearly half of all IPOs have either listed at a discount or at par. This suggests that positive listing gains have been concentrated in selected offerings rather than being broadly distributed across the market.

4. Extreme outcomes are shaping the year's IPO performance.

The difference between the best listing gain (98.76%) and the worst listing loss (-34.6%) exceeds 130 percentage points. Such a large gap shows that IPO selection has played a much larger role than overall market direction.

 

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.

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