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
Last updated on. 02.08.2026|11:10 PM
Complete Indian IPO Listing Data for 2026 (Till July 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 | ₹45 | 95.65 | 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 | -7.14 | 42 | 16.2 | February 2, 2026 |
| 36 | Speciality Medicines | BSE SME | ₹117 – ₹124 | ₹124 | 0 | 29.14 | 8.79 | 30-March 2026 |
| 37 | Central Mine Planning & Design Institute Limited (CMPDIL) | Mainboard | ₹163 – ₹172 | ₹160 | -7 | 1,842 | 18.49 | 30-March 2026 |
| 38 | Novus Loyalty | BSE SME | ₹139 – ₹146 | ₹146 | 0 | 60.15 | 49.83 | 25-March 2026 |
| 39 | GSP Crop Science | Mainboard | ₹304 – ₹320 | ₹328 | 2.5 | 400 | 15.09 | 24-March 2026 |
| 40 | Apsis Aerocom | NSE SME | ₹104 – ₹110 | ₹153 | 39.09 | 35.77 | 14.58 | 18-March 2026 |
| 41 | Raajmarg Infra InvIT | Mainboard | ₹99 – ₹100 | ₹107 | 7 | 6000 | - | 24-March 2026 |
| 42 | Innovision Limited | Mainboard | ₹521 – ₹548 | ₹467.7 | -14.7 | 322.84 | 35.08 | 23-March 2026 |
| 43 | Rajputana Stainless | Mainboard | ₹116 – ₹122 | ₹122 | 0 | 255 | 21.11 | 19-March 2026 |
| 44 | Srinibas Pradhan Constructions | NSE SME | ₹91 – ₹98 | ₹100.05 | 2.09 | 20.32 | 8.65 | 13-March 2026 |
| 45 | Elfin Agro India | BSE SME | ₹47 | ₹47.3 | 0.64 | 25.03 | 13.05 | 12-March 2026 |
| 46 | Sedemac Mechatronics Limited | Mainboard | ₹1,287 – ₹1,352 | ₹1535 | 13.54 | 1,087.45 | 123.69 | 11-March 2026 |
| 47 | Acetech E-Commerce | NSE SME | ₹106 – ₹112 | ₹112 | 0 | 48.95 | 14.66 | 09-March-2026 |
| 48 | Striders Impex Limited | NSE SME | ₹71–₹72 | ₹70 | -2.8 | 36.29 | 11.48 | 06-March-2026 |
| 49 | Omnitech Engineering Limited | Mainboard | ₹216 – ₹227 | ₹202 | -11 | 583 | 53.29 | 05-March-2026 |
| 50 | Yaap Digital Limited | NSE SME | ₹138 – ₹145 | ₹127 | -12.4 | 80.11 | 18.24 | 05-March-2026 |
| 51 | PNGS Reva Diamond Jewellery Limited | Mainboard | ₹367 – ₹386 | ₹375 | -2.8 | 380 | 10.96 | 04-March-2026 |
| 52 | Clean Max Enviro Energy Solutions Limited | Mainboard | ₹1,000 – ₹1,053 | ₹960 | -8.8 | 3,100 | 377.42 | 02-March-2026 |
| 53 | Shree Ram Twistex Limited | Mainboard | ₹95 – ₹104 | ₹68 | -34.6 | 110.24 | 38.2 | 02-March-2026 |
| 54 | Kiaasa Retail Limited | BSE SME | ₹121 – ₹127 | ₹123 | -3.1 | 69.72 | 19.3 | 02-March-2026 |
| 55 | Accord Transformer & Switchgear Limited | BSE SME | ₹43 – ₹46 | ₹50 | 8.7 | 25.59 | 10.57 | 02-March-2026 |
| 56 | Mobilise App Lab Limited | NSE SME | ₹75 – ₹80 | ₹64.1 | -19.9 | 20.1 | 0.3 | 02-March-2026 |
| 57 | Vivid Electromech | NSE SME | ₹528 – ₹555 | ₹565 | 1.8 | 130.54 | 19.2 | 7-April 2026 |
| 58 | Highness Microelectronics | BSE SME | ₹114 – ₹120 | ₹125 | 4.17 | 21.67 | 16.7 | 2-April 2026 |
| 59 | Amir Chand Jagdish Kumar (Exports) Limited | Mainboard | ₹201 – ₹212 | ₹200 | -5.7 | 440 | 28.41 | 2-April 2026 |
| 60 | Powerica Limited | Mainboard | ₹375 – ₹395 | ₹366 | -7.3 | 1,100 | 25.88 | 2-April 2026 |
| 61 | Sai Parenteral’s Limited | Mainboard | ₹372 – ₹392 | ₹400 | 2.04 | 408.79 | 72.19 | 2-April 2026 |
| 62 | Tipco Engineering India Limited | BSE SME | ₹84 – ₹89 | ₹89.25 | 0.28 | 60.55 | 8.18 | 1-April 2026 |
| 63 | Adisoft Technologies | NSE SME | ₹163 – ₹172 | ₹205 | 19.19 | 74.1 | 12.82 | 30-April 2026 |
| 64 | Citius TransNet InvIT | Mainboard | ₹99 – ₹100 | ₹104.6 | 4.6 | 1,105 | - | 29-April 2026 |
| 65 | Mehul Telecom | BSE SME | ₹96 – ₹98 | ₹108 | 10.2 | 27.73 | 11.8 | 24-April 2026 |
| 66 | Om Power Transmission | Mainboard | ₹166 – ₹175 | ₹186 | 6.29 | 150.06 | 19.48 | 17-April 2026 |
| 67 | Safety Controls & Devices | BSE SME | ₹75 to ₹80 | ₹83 | 3.75 | 48 | 11.46 | 13-April 2026 |
| 68 | Emiac Technologies | BSE SME | ₹93 – ₹98 | ₹107.8 | 10 | 31.75 | 19.8 | 13-April 2026 |
| 69 | Amba Auto Sales & Services | NSE SME | ₹130 – ₹135 | ₹134.5 | -0.37 | 65.12 | 23.43 | 5-May 2026 |
| 70 | Teamtech Formwork | NSE SME | ₹61 – ₹63 | ₹75 | 19.05 | 50.15 | 11.97 | May 26, 2026 |
| 71 | NFP Sampoorna Foods Limited | NSE SME | ₹52 – ₹55 | ₹54.5 | -0.91 | 24.53 | 35.64 | May 25, 2026 |
| 72 | Goldline Pharmaceutical | BSE SME | ₹41 – ₹43 | ₹59.75 | 38.95 | 11.61 | 10.49 | May 19, 2026 |
| 73 | RFBL Flexi Pack | NSE SME | ₹47 – ₹50 | ₹52.5 | 5 | 35.33 | 9.74 | May 19, 2026 |
| 74 | Simca Advertising | NSE SME | ₹174 – ₹183 | ₹156 | -14.75 | 58.04 | 16.13 | May 15, 2026 |
| 75 | Bagmane Prime Office REIT | Mainboard | ₹95.00 – ₹100.00 | ₹103.5 | 3.5 | 3,405 | - | 14-May 2026 |
| 76 | Recode Studios | BSE SME | ₹150 – ₹158 | ₹213.1 | 34.87 | 44.59 | 38.91 | 12-May 2026 |
| 77 | Value 360 Communications | NSE SME | ₹95 – ₹98 | ₹78.4 | -20 | 41.69 | 18.11 | 11-May 2026 |
| 78 | Kissht IPO | Mainboard | ₹162 – ₹171 | ₹190 | 11.11 | 925.92 | 13.37 | 8-May 2026 |
| 79 | Q-Line Biotech SME | NSE SME | ₹326 – ₹343 | ₹452 | 31.78 | 214.48 | 11.98 | May 29, 2026 |
| 80 | Bio Medica Laboratories | NSE SME | ₹132 – ₹139 | ₹111.2 | -20 | 52.43 | 13.02 | May 29, 2026 |
| 81 | Autofurnish Limited | BSE SME | ₹41 | ₹43 | 4.88 | 14.6 | 10.7 | May 29, 2026 |
| 82 | Vegorama Punjabi Angithi | BSE SME | ₹73 – ₹77 | ₹118.1 | 53.38 | 38.38 | 11.83 | May 27, 2026 |
| 83 | Utkal Speciality Industries | NSE SME | ₹62 – ₹66 | ₹66 | 0 | 35.86 | 12.91 | June 17, 2026 |
| 84 | Genxai Analytics | NSE SME | ₹110 – ₹116 | ₹92.8 | -20 | 54.84 | 23.15 | June 12, 2026 |
| 85 | Hexagon Nutrition | Mainboard | ₹42 – ₹45 | ₹48.25 | 7.22 | 138.87 | 25.71 | June 12, 2026 |
| 86 | UHM Vacation | BSE SME | ₹157 – ₹166 | ₹132.8 | -20 | 36.02 | 11.31 | June 11, 2026 |
| 87 | Vahh Chemicals | BSE SME | ₹60 | ₹70 | 16.67 | 12.02 | 12.02 | June 11, 2026 |
| 88 | CMR Green Technologies | Mainboard | ₹182 – ₹192 | ₹268 | 39.58 | 631 | 29.53 | June 10, 2026 |
| 89 | Merritronix | BSE SME | ₹141 – ₹149 | ₹283.1 | 90 | 70.03 | 10.7 | June 8, 2026 |
| 90 | Aureate Tradde | BSE SME | ₹70 | ₹70 | 0 | 27.29 | 24.73 | June 5, 2026 |
| 91 | SMR Jewels | BSE SME | ₹125 – ₹128 | ₹102.95 | -19.57 | 67.23 | 18.98 | June 08, 2026 |
| 92 | Rajnandini Fashion India | BSE SME | ₹59 – ₹63 | ₹63 | 0 | 18.21 | 9.3 | June 3, 2026 |
| 93 | Yaashvi Jewellers Limited | BSE SME | ₹83 | ₹83 | 0 | 43.88 | 5.6 | June 2, 2026 |
| 94 | M R Maniveni Foods | BSE SME | ₹51 – ₹52 | ₹42.55 | -18.17 | 27.04 | 17.56 | June 1, 2026 |
| 95 | Avience Biomedicals | NSE SME | ₹196 – ₹208 | ₹395.2 | 90 | 30.24 | 10.91 | June 25, 2026 |
| 96 | Diksha Polymers | BSE SME | ₹112 | ₹114.5 | 2.23 | 17.9 | 9.79 | June 24, 2026 |
| 97 | Clay Craft IPO | NSE SME | ₹193 – ₹203 | ₹211 | 3.94 | 110.11 | 11.38 | June 24, 2026 |
| 98 | Leapfrog Engineering | BSE SME | ₹21 – ₹23 | ₹22 | -4.35 | 88.51 | 14.65 | June 24, 2026 |
| 99 | Liotech Industries | BSE SME | ₹321 | ₹257 | -19.94 | 36.02 | 23.13 | June 24, 2026 |
| 100 | Horizon Reclaim (India) | BSE SME | ₹98 – ₹103 | ₹151 | 46.6 | 54.27 | 13.97 | June 19, 2026 |
| 101 | Susan Electricals India | BSE SME | ₹120 –₹127 | ₹186 | 46.46 | 70.38 | 22.24 | June 18, 2026 |
| 102 | Turtlemint Fintech | Mainboard | ₹144 – ₹152 | ₹134.9 | -11.25 | 882.67 | - | June 29, 2026 |
| 103 | Anubhav Plast | BSE SME | ₹77 – ₹80 | ₹80 | 0 | 24 | 10.66 | June 29, 2026 |
| 104 | Harikanta Overseas | BSE SME | ₹85 - ₹91 | ₹79.75 | -12.36 | 25.63 | 14.35 | June 2, 2026 |
| 105 | Adon Agro Commodities | BSE SME | ₹66 – ₹70 | ₹78.25 | 11.79 | 45.5 | 16.2 | July 6, 2026 |
| 106 | Astha Spintex | Mainboard | ₹126 – ₹136 | ₹130 | -4.41 | 170 | 16.4 | July 6, 2026 |
| 107 | Crazy Snacks | BSE SME | ₹39 – ₹42 | ₹44 | 4.76 | 31.47 | 11.89 | July 3, 2026 |
| 108 | CSM Technologies | Mainboard | ₹107 – ₹113 | ₹113 | 0 | 145.78 | 30.37 | July 2, 2026 |
| 109 | Jivial Industries | BSE SME | ₹196 | ₹156.8 | -20 | 31.99 | 21.83 | July 1, 2026 |
| 110 | Cordelia Cruises (Waterways Leisure Tourism Limited) | Mainboard | ₹769 – ₹808 | ₹681 | -15.72 | 585 | 100.74 | July 1, 2026 |
| 111 | Shreedhar Spinners | NSE SME | ₹50 – ₹53 | ₹54.4 | 2.64 | 30.68 | 13.15 | July 1, 2026 |
| 112 | Advit Jewels | Mainboard | ₹130 – ₹138 | ₹188.9 | 36.88 | 165.16 | 17.42 | July 1, 2026 |
| 113 | Riyaasat Lifestyle | BSE SME | ₹102 – ₹108 ₹100 – ₹106 | ₹84.8 | -20 | 30.77 | 17.5 | July 01, 2026 |
| 114 | SBI Funds Management | Mainboard | ₹545 – ₹574 | ₹613.3 | 6.85 | 11,692.91 | 38.06 | 21 July 2026 |
| 115 | Millworks Technologies | BSE SME | ₹315 – ₹331 | ₹628.9 | 90 | 160.33 | 10.79 | 21 July 2026 |
| 116 | Laser Power & Infra | Mainboard | ₹203 – ₹214 | ₹250 | 16.82 | 742 | 16.24 | 16 July 2026 |
| 117 | Devson Catalyst | BSE SME | ₹112 – ₹118 | ₹196.15 | 66.23 | 42 | 9.65 | 16 July 2026 |
| 118 | Happy Steels | NSE SME | ₹62 – ₹66 | ₹68 | 3.03 | 25 | 9.76 | 16 July 2026 |
| 119 | Kusumgar | Mainboard | ₹398 – ₹419 | ₹569 | 35.8 | 650 | 43.2 | 15 July 2026 |
| 120 | IC Electricals SME | NSE SME | ₹94 – ₹99 | ₹166 | 67.68 | 47.91 | 9.44 | July 10, 2026 |
| 121 | Knack Packaging | Mainboard | ₹161 – ₹170 | ₹188 | 10.59 | 439.5 | 18.34 | July 8, 2026 |
| 122 | Vinit Mobile | NSE SME | ₹150 – ₹158 | ₹155 | -1.9 | 34 | 16.24 | July 7, 2026 |
| 123 | Teja Engineering Industries | NSE SME | ₹220 | ₹418 | 90 | 37.36 | 25 | July 7, 2026 |
| 124 | Seemax Resources | BSE SME | ₹134 – ₹141 | ₹112.8 | -20 | 20 | 18.85 | July 7, 2026 |
| 125 | Sampark India Logistics | BSE SME | ₹80 – ₹84 | ₹89 | 5.95 | 27.22 | 8.65 | July 7, 2026 |
| 126 | Kratikal Tech | BSE SME | ₹128 – ₹135 | ₹192 | 42.22 | 39.69 | 17.18 | July 7, 2026 |
| 127 | Atharva Polyplast | BSE SME | ₹55 – ₹60 | ₹69 | 15 | 27 | 14.01 | July 7, 2026 |
| 128 | Silverstorm Parks and Resorts | BSE SME | ₹123 – ₹133 | ₹132.9 | -0.08 | 82 | 10.56 | 31 July 2026 |
| 129 | Lohia Corp | Mainboard | ₹404 – ₹425 | ₹461 | 8.47 | 1,102.08 | 23.21 | 30 July 2026 |
| 130 | Indo-MIM | Mainboard | ₹461 – ₹485 | ₹700 | 44.33 | 3,812.11 | 43.85 | 30 July 2026 |
| 131 | Xtranet Technologies | Mainboard | ₹120 – ₹127 | ₹136 | 7.09 | 170 | 12.35 | 30 July 2026 |
| 132 | Shree Balaji (Mala) Textiles | BSE SME | ₹66 – ₹70 | ₹133 | 90 | 18.9 | 8.61 | 29 July 2026 |
| 133 | Metalic Technoforge | NSE Emerge | ₹72 – ₹77 | ₹87 | 12.99 | 49.96 | 10.81 | 28 July 2026 |
| 134 | Gulf Lloyds (India) | BSE SME | ₹100 | ₹100 | 0 | 18.19 | 11.42 | 27 July 2026 |
| 135 | Caliber Mining and Logistics | Mainboard | ₹402 – ₹424 | ₹500.25 | 17.98 | 450 | 14.38 | 24 July 2026 |
| 136 | Sotefin Bharat | BSE SME | ₹178 – ₹187 | ₹205 | 9.63 | 89.76 | 13.96 | 23 July 2026 |
| 137 | Alpine Texworld | Mainboard | ₹100 – ₹105 | ₹105 | 0 | 126.25 | 12.84 | 21 July 2026 |
*** Excluding Cube Highways Trust InvIT
2026 IPO Market Performance Overview: IPOs of India |
Here is the quick snapshot of IPOs listed in till July 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
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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 39 6.05 53.85
SME 98 9.77 54.08

SME IPOs delivered a higher average listing gain of 9.77%, compared with 6.05% for Mainboard IPOs.

Premium listing rates were nearly identical, at 54.08% for SME IPOs and 53.85% for Mainboard IPOs.
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)
Rank IPO Segment Listing Gain
1 Bharat Coking Coal (BCCL) Mainboard 95.65%*
2 E to E Transportation Infrastructure SME 90.00%
3 Merritronix SME 90.00%
4 Avience Biomedicals SME 90.00%
5 Millworks Technologies SME 90.00%
6 Teja Engineering Industries SME 90.00%
7 Shree Balaji (Mala) Textiles SME 90.00%
8 IC Electricals SME 67.68%
9 Devson Catalyst SME 66.23%
10 Vegorama Punjabi Angithi SME 53.38%
SME IPOs dominated the top performers, accounting for 9 of the top 10 listings. Six SME IPOs delivered exactly 90% listing gains, while Bharat Coking Coal was the only Mainboard IPO in the top 10 and ranked first with a 95.65% gain.
Weakest IPO Listings (Top 10) (2026)
Rank IPO Segment Listing Loss
1 Shree Ram Twistex Limited Mainboard -34.60%
2 Digilogic Systems BSE SME -20.00%
2 Armour Security (India) NSE SME -20.00%
2 Yajur Fibres BSE SME -20.00%
2 Manilam Industries NSE SME -20.00%
2 Yashhtej Industries (India) BSE SME -20.00%
2 Kanishk Aluminium India BSE SME -20.00%
2 Value 360 Communications NSE SME -20.00%
2 Bio Medica Laboratories NSE SME -20.00%
2 Genxai Analytics NSE SME -20.00%
2 UHM Vacation BSE SME -20.00%
2 Jivial Industries BSE SME -20.00%
2 Riyaasat Lifestyle BSE SME -20.00%
2 Seemax Resources BSE SME -20.00%
3 Liotech Industries BSE SME -19.94%
4 Mobilise App Lab Limited NSE SME -19.90%
5 SMR Jewels BSE SME -19.57%
6 M R Maniveni Foods BSE SME -18.17%
7 Victory Electric Vehicles NSE SME -16.00%
8 Waterways Leisure Tourism Limited Mainboard -15.72%
9 Simca Advertising NSE SME -14.75%
10 Innovision Limited Mainboard -14.70%
Shree Ram Twistex recorded the weakest listing performance with a 34.60% loss. SME IPOs dominated the weakest performers, including 13 issues tied at a 20% listing loss.
Key Observations from IPO Listings till July 2026
1. Listing performance improved, but outsized winners still skew the average.
The average listing gain rose to 8.71%, while the median stands at just 2.09%. The 6.62 percentage-point gap shows that a relatively small group of strong listings continues to pull the overall average higher.
2. SME IPOs widened their listing-performance lead over Mainboard issues.
SME IPOs averaged a 9.77% listing gain versus 6.05% for Mainboard IPOs. However, their premium listing ratios were almost identical—54.08% vs. 53.85%—suggesting SME outperformance came primarily from the magnitude of gains, not a higher probability of listing at a premium.
3. More than half of IPOs now list at a premium, but outcomes remain highly selective.
Of the 137 IPOs, 54.01% listed at a premium, 32.85% at a discount and 13.14% at par. Premium listings have moved into a clearer majority, but nearly one-third of IPOs still debuted below their issue price.
4. The extremes underline how much IPO selection matters.
The year’s best listing delivered a 95.65% gain, while the weakest fell 34.60%—a spread of 130.25 percentage points. With 9 of the 10 strongest performers being SME IPOs, headline averages mask substantial variation across individual issues.
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.
IPO Related Resources
1. Latest SME & Mainboard IPOs
2. IPO Allotment Status – How to Check Allotment Status of IPO Shares
3. Latest IPO Subscription Status Today | Live Updates
4. IPO Glossary: 100+ Important Terms Every Investor Should Know
5. IPO Listing Performance Tracker 2026 – Complete Dataset of IPO Listing Gains in India
6. IPO GMP vs Listing Accuracy Study 2026
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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