June 2026 IPO Subscription Report analyses all IPOs that both opened and closed during June 2026, along with IPOs that opened in May 2026 and closed in June 2026.
IPOs that opened in June 2026 but closed in July 2026 have been excluded to maintain consistency in the analysis period.
Accordingly, this report covers a total of 25 IPOs.
The report includes subscription data for both Mainboard and SME IPOs, listing performance analysis, and IPO-wise subscription trends for all 25 issues covered during the month.
For upcoming and ongoing public issues, visit our regularly updated Latest IPO section. Investors looking for day-wise bidding trends can also explore our Daily IPO Subscription page for the latest subscription updates.
June 2026 IPO Subscription Data & Listing Performance.
| SL No | IPO Name | Mainboard/SME | Final Subscription | Total Category Wise | Gain/Loss (%) |
| 1 | Anubhav Plast | BSE SME | 2.1 | QIB-1.23 |NII- 2.10 |RII- 2.60 | 0 |
| 2 | Turtlemint Fintech | Mainboard | 0.71 | QIB-0.93 |NII- 0.35 |RII- 0.62 | -11.25 |
| 3 | Avience Biomedicals | NSE SME | 355.06 | QIB-197 |NII- 598 |RII- 401 | 90 |
| 4 | Riyaasat Lifestyle | BSE SME | 1.31 | QIB-20.33 |NII- 0.21 |RII- 0.44 | -20 |
| 5 | Diksha Polymers | BSE SME | 2.94 | QIB/NII-2.74 |RII-3.14 | 2.23 |
| 6 | Clay Craft | NSE SME | 95.9 | QIB-119.19 | NII- 154.90| RII- 71.76 | 3.94 |
| 7 | Leapfrog Engineering | BSE SME | 2.61 | QIB-20.32 | NII- 4.61 | RII- 0.84 | -4.35 |
| 8 | Liotech Industries | BSE SME | 1.96 | QIB/NII-0.96|RII-2.97 | -19.94 |
| 9 | Horizon Reclaim (India) | BSE SME | 282.87 | QIB-186.72 | NII- 333.79 | RII- 308.30 | 46.6 |
| 10 | Susan Electricals India | BSE SME | 192.06 | QIB-142.65 | NII- 210.55 | RII- 207.56 | 46.46 |
| 11 | Utkal Speciality Industries | NSE SME | 1.6 | QIB-1.12 | NII- 1.07 | RII- 2.10 | 0 |
| 12 | Genxai Analytics | NSE SME | 17.07 | QIB-17.58 | NII- 31.29 | RII- 12.59| Empl-1.1 | -20 |
| 13 | Hexagon Nutrition | Mainboard | 39.95 | QIB-17.79 | NII- 116.03 | RII- 20.00 | 7.22 |
| 14 | UHM Vacation | BSE SME | 2.29 | QIB-1.00 | NII- 0.87 | RII- 3.86 | -20 |
| 15 | Vahh Chemicals | BSE SME | 90.14 | QIB-3.50 | NII- 78.30 | RII- 103.77 | 16.67 |
| 16 | CMR Green Technologies | Mainboard | 93.46 | QIB-189.62 | NII- 145.59 | RII- 17.16 | 39.58 |
| 17 | Merritronix | BSE SME | 293.31 | QIB-224.91 | NII- 352.98 | RII- 297.67 | 90 |
| 18 | Aureate Tradde | BSE SME | 1.41 | QIB/NII-0.55x|RII-2.42x | 0 |
| 19 | SMR Jewels | BSE SME | 1.09 | QIB-5.41 | NII- 1.00 | RII- 0.30 | -19.57 |
| 20 | Crazy Snacks IPO | BSE SME | 1.2 | QIB-4.75 |NII- 1.07 |RII- 1.26 | 4.76 |
| 21 | CSM Technologies | Mainboard | 0.96 | QIB-0.68 |NII- 1.37 |RII- 1.07 | 0 |
| 22 | Cordelia Cruises (Waterways Leisure Tourism Limited) | Mainboard | 1.09 | QIB-0.52 |NII- 0.90 |RII- 3.06 | -15.72 |
| 23 | Jivial Industries | BSE SME | 0.98 | QIB/NII-1.75 |RII-0.22 | -20 |
| 24 | Shreedhar Spinners | NSE Emerge | 6.1 | QIB-2.51 |NII- 15.06|RII- 5.71 | 2.64 |
| 25 | Advit Jewels | Mainboard | 143.04 | QIB-130.47 |NII- 371.77 |RII- 52.14 | 36.88 |
SME vs Mainboard IPO demand in June 2026
Mainboard IPO subscription and Listing Snapshot- June 2026
Total No of Mainboard IPOs: 6
Avg Subscription: 46.54x
Highest subscription: 143.04x (Advit Jewels)
Lowest subscription: 0.71x (Turtlemint Fintech)
Avg listing gain/loss: 9.45%
Highest listing gain: 39.58 % (CMR Green Technologies)
Lowest listing gain: -15.72 % (Cordelia Cruises (Waterways Leisure Tourism Limited)
Strongest demand: NIIs followed by QIBs
SME IPO subscription and Listing Snapshot- June 2026
Total SME IPOs: 19
Avg subscription number: 71.16x
Highest subscription: 355.06x (Avience Biomedicals)
Lowest subscription: 0.98x (Jivial Industries)
Avg listing gain/loss: 9.44%
Highest listing gain: 90% ( Merritronix and Avience Biomedicals)
Lowest listing gain: -20% (Riyaasat Lifestyle, Genxai Analytics, UHM Vacation, Jivial Industries)
NIIs attracted the strongest participation, followed by Retail Investors (RIIs), while QIB participation remained comparatively lower.
IPO wise Subscription Status Trend: June 2026.
1. Merritronix Ltd IPO Subscription Stauts
Merritronix Ltd IPO subscribed by 14.84x. D1|63.78x. D2 |293.31x. D3, categorwise subscription details: QIB-224.91 | NII- 352.98 | RII- 297.67
2. Hexagon Nutrition Limited IPO Subscription Status
Hexagon Nutrition Limited IPO subscribed by 1.21x. D1|3.33x. D2|39.95x. D3, categorywise: QIB-17.79 | NII- 116.03 | RII- 20.00,
3. Vahh Chemicals Limited IPO Subscription Status
Vahh Chemicals Limited IPO subscribed by 1.36x. D1|6.74x. D2 |90.14x. D3, categorywise: QIB-3.50 | NII- 78.30 | RII- 103.77
4. CMR Green Technologies Ltd IPO Subscription Status
CMR Green Technologies Ltd IPO subscribed by 1.79x. D1|6.46x. D2|93.46x. D3, categorywise: QIB-189.62 | NII- 145.59 | RII- 17.16
5. Genxai Analytics Limited IPO Subscription Status
Genxai Analytics Limited IPO subscribed by 0.56x. D1|1.01x. D2|17.07x. D3, categorywise: QIB-17.58 | NII- 31.29 | RII- 12.59| Empl-1.1
6. UHM Vacation Limited IPO Subscription Status
UHM Vacation Limited IPO subscribed by 0.22x. D1|0.67x. D2 |2.29x. D3, categorywise: QIB-1.00 | NII- 0.87 | RII- 3.86
7. SMR Jewels Limited IPO Subscription Status
SMR Jewels Limited IPO subscribed by 0.23x. D1|0.30x. D2|0.36x. D3 | 0.37x. D4 |0.38x. D5 |1.09x, categorywise: QIB-5.41 | NII- 1.00 | RII- 0.30
The issue was extended till 3rd June 2026.
8. Aureate Tradde Limited IPO Subscription Status
Aureate Tradde Limited IPO subscribed by 0.15x. D1|0.77x. D2|1.41x. D3, categorywise: QIB/NII-0.55x|RII-2.42x
9. Horizon Reclaim (India) Limited IPO Subscription Status
Horizon Reclaim (India) Limited IPO subscribed by 7.65x. D1 |69.98x. D2|308.30x. D3, categorywise: QIB-186.72 | NII- 333.79 | RII- 308.30
10. Utkal Speciality Industries India Limited IPO Subscription Status
Utkal Speciality Industries India Limited IPO subscribed by 0.32x. D1|0.85x. D2|1.60x. D3, categorywise: QIB-1.12 | NII- 1.07 | RII- 2.10
11. Susan Electricals India Limited IPO Subscription Status
Susan Electricals India Limited IPO subscribed by 5.10x. D1|14.00x. D2|192.06x , categorywise: QIB-142.65 | NII- 210.55 | RII- 207.56
12. Liotech Industries Limited IPO Subscription Status
Liotech Industries Limited IPO Subscribed by 0.13x. D1|0.65x. D2 | 1.96x. D3, categorywise: QIB/NII-0.96|RII-2.97
13. Leapfrog Engineering Services Limited IPO Subscription Status
Leapfrog Engineering Services Limited IPO subscribed by 0.95x. D1|1.83x. D2|2.61x. D3, categorywise: QIB-20.32 | NII- 4.61 | RII- 0.84
14. Clay Craft India Limited IPO Subscription Status
Clay Craft India Limited IPO subscribed by 2.15x. D1|7.84x. D2|95.90x. D3, categorywise: QIB-119.19 | NII- 154.90| RII- 71.76
15. Diksha Polymers Limited IPO Subscription Status
Diksha Polymers Limited IPO subscribed by 1.07x. D1|1.75x. D2|2.94x. D3, categorywise: QIB/NII-2.74|RII-3.14
16. Advit Jewels Ltd IPO Subscription Status
Advit Jewels Ltd IPO subscribed by 6.68x. D1|26.95x. D2 | 143.04x. D3, categorywise: QIB-130.47 |NII- 371.77 |RII- 52.14
17. Avience Biomedicals Limited Subscription Status
Avience Biomedicals Limited IPO subscribed by 9.68x. D1|39.96x. D2|355.06x. D3, categorywise: QIB-197 |NII- 598 |RII- 401
18. Turtlemint Fintech Solutions Limited Subscription Status
Turtlemint Fintech Solutions Limited IPO subscribed by 0.31x. D1|0.35x. D2|0.71x. D3, categorywise: QIB-0.93 |NII- 0.35 |RII- 0.62,
19. Riyaasat Lifestyle Limited Subscription Status*
Riyaasat Lifestyle Limited IPO subscribed by 0.11x. D1|0.13x.D2 |0.18x. D3, 0.60x. D4, 0.71x. D5 1.31x D6, categorywise: QIB-20.33 |NII- 0.21 |RII- 0.44
Issue extended to 25th June 2026 from 22nd June 2026.
20. Anubhav Plast Limited Subscription Status
Anubhav Plast Limited IPO subscribed by 1.13x. D1|1.49x. D2|2.10x. D3, categorywise: QIB-1.23 |NII- 2.10 |RII- 2.60,
21. Shreedhar Spinners Limited Subscription Status
Shreedhar Spinners Limited IPO subscribed by 0.49x. D1|1.27x. D2
22. Waterways Leisure Tourism Limited (Cordelia Cruises IPO) Subscription Status
Cordelia Cruises (Waterways Leisure Tourism Limited) IPO subscribed by 0.14x. D1|0.37x. D2|1.09x. D3, categorywise: QIB-0.52 |NII- 0.90 |RII- 3.06
23. CSM Technologies Limited Subscription Status
CSM Technologies Limited IPO subscribed by 0.19x. D1|0.50x. D2|0.96x. D3, categorywise: QIB-0.68 |NII- 1.37 |RII- 1.07
24. Jivial Industries Limited Subscription Status
Jivial Industries Limited IPO subscribed by 0.36x. D1|0.39x. D2|0.98x, categorywise: QIB/NII-1.75 |RII-0.22
25. Crazy Snacks Limited Subscription Status
Crazy Snacks Limited IPO subscribed by 0.16x. D1|0.35x. D2| 1.20x. D3, categorywise: QIB-4.75 |NII- 1.07 |RII- 1.26.
Key Insights from IPO Subscription & Listing Review of June 2026
- SME IPOs witnessed stronger demand than Mainboard issues, with average subscriptions of 71.16x and 46.54x, respectively. Avience Biomedicals (355.06x) was the most subscribed IPO of the month.
- Average listing performance was nearly identical across segments, with Mainboard IPOs delivering 9.45% average gains and SME IPOs 9.44%, indicating that higher subscription did not necessarily result in higher listing returns.
- NIIs emerged as the most active investor category in both Mainboard and SME IPOs, while SME IPOs showed greater volatility, producing both the highest gains (90%) and the steepest losses (-20%) during the month.
Important IPO Resources:
1. IPO Calendar India | Upcoming & Live IPOs in India
2. IPO Allotment Status – How to Check Allotment Status of IPO Shares
3. May 2026 IPO Subscription Review: 16 IPOs Data, Demand Patterns & Key Trends
5. IPO Glossary: 100+ Important Terms Every Investor Should Know
6. GMP vs Listing Gains June 2026 IPOs: A Data Analysis of 22 IPOs
7. June 2026 IPO Review: 22 IPOs, ₹2,502 Cr Raised & 75.98x Average Subscription
FAQs on June 2026 IPO Subscription Review
1. How many IPOs were subscribed in June 2026?
A total of 25 IPOs were covered in June 2026, comprising 6 Mainboard IPOs and 19 SME IPOs.
2. Which segment saw higher IPO subscription in June 2026 – SME or Mainboard?
The SME segment attracted stronger investor demand, recording an average subscription of 71.16x, compared to 46.54x for Mainboard IPOs.
3. Which investor category dominated IPO subscriptions in June 2026?
NII investors emerged as the most active category across both Mainboard and SME IPOs, recording the highest subscription levels in most issues during the month.
4. Does higher IPO subscription guarantee strong listing gains?
No. June 2026 data shows that higher subscription did not always translate into stronger listing performance. For example, Clay Craft was subscribed 95.90x but delivered a listing gain of only 3.94%, while Crazy Snacks was subscribed just 1.20x and still generated a slightly higher listing gain of 4.76%. Similarly, Advit Jewels attracted 143.04x subscription but delivered a lower listing gain (36.88%) than CMR Green Technologies, which was subscribed 93.46x and gained 39.58% on listing. These examples suggest that subscription demand alone is not a reliable predictor of listing performance.
