IPOs in January 2026
January 2026 had 18 IPOs: 3 mainboard and 15 SME.
Of the 18 that have listed, the average listing gain was +10.2%, and 7 listed above the issue price.
Mainboard IPOs in January 2026
- Bharat Coking Coal — ₹21–23 · listed 19 Jan 2026 · subscribed 143.85× · listing gain +95.7%
- Amagi Media Labs — ₹343–361 · listed 21 Jan 2026 · subscribed 30.24× · listing gain -11.9%
- Shadowfax Technologies — ₹118–124 · listed 28 Jan 2026 · subscribed 2.86× · listing gain -9.2%
SME IPOs in January 2026
- E to E Transportation Infrastructure (SME) — ₹164–174 · listed 2 Jan 2026 · subscribed 526.56× · listing gain +90.0%
- Modern Diagnostic (SME) — ₹85–90 · listed 7 Jan 2026 · subscribed 376.90× · listing gain +10.6%
- Gabion Technologies (SME) — ₹76–81 · listed 13 Jan 2026 · subscribed 826.00× · listing gain +9.9%
- Yajur Fibres (SME) — ₹168–174 · listed 14 Jan 2026 · subscribed 1.33× · listing gain -20.0%
- Victory Electric Vehicles (SME) — ₹41 · listed 14 Jan 2026 · subscribed 0.95× · listing gain -16.0%
- Defrail Technologies (SME) — ₹70–74 · listed 19 Jan 2026 · subscribed 105.54× · listing gain +28.4%
- Avana Electrosystems (SME) — ₹56–59 · listed 20 Jan 2026 · subscribed 131.82× · listing gain +31.4%
- INDO SMC (SME) — ₹141–149 · listed 21 Jan 2026 · subscribed 110.49× · listing gain +0.0%
- Narmadesh Brass Industries (SME) — ₹515 · listed 21 Jan 2026 · subscribed 1.18× · listing gain -3.9%
- GRE Renew Enertech (SME) — ₹100–105 · listed 21 Jan 2026 · subscribed 16.53× · listing gain -8.6%
- Armour Security (SME) — ₹55–57 · listed 22 Jan 2026 · subscribed 1.82× · listing gain -20.0%
- Aritas Vinyl (SME) — ₹40–47 · listed 23 Jan 2026 · subscribed 2.21× · listing gain +0.0%
- Digilogic Systems (SME) — ₹98–104 · listed 28 Jan 2026 · subscribed 1.18× · listing gain -20.0%
- KRM Ayurveda (SME) — ₹128–135 · listed 29 Jan 2026 · subscribed 74.27× · listing gain +27.5%
- Shayona Engineering (SME) — ₹140–144 · listed 30 Jan 2026 · subscribed 5.43× · listing gain +0.0%
Best listing gains in January 2026
- Bharat Coking Coal: +95.7%
- E to E Transportation Infrastructure (SME): +90.0%
- Avana Electrosystems (SME): +31.4%
Weakest listings in January 2026
- Yajur Fibres (SME): -20.0%
- Digilogic Systems (SME): -20.0%
- Armour Security (SME): -20.0%
← IPOs in December 2025 · IPOs in February 2026 →
IPO listing gains 2026 · IPO calendar · Upcoming IPOs
Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.