In the financial year 2026, many big Initial Public Offerings (IPOs) hit the stock market, out of which some gave excellent returns to the investors at the time of listing, but after the listing, huge fluctuations were seen in many shares.
highlights
- Despite record IPO in FY26, big difference in returns, many shares slipped after listing
- Some IPOs became multibaggers, while investors in many suffered losses below the issue price.
- Listing gain came down to 8%, investors became more cautious
In the financial year 2026, many big Initial Public Offerings (IPOs) hit the stock market, out of which some gave excellent returns to the investors at the time of listing, but after the listing, huge fluctuations were seen in many shares. Some companies performed well in the long run, while many shares slipped below the issue price, causing losses to investors. This trend suggests that investing based only on listing gains can be risky. According to Bloomberg, 112 companies raised about Rs 1.8 lakh crore in FY 2026. This is more than Rs 1.62 lakh crore last year.
This is the first time that IPO fundraising has been at record levels for two consecutive years, which is a departure from the past trend, where a strong year was usually followed by a slowdown. However, due to weak listing performance, investors lost enthusiasm and became more cautious. The average listing gain dropped from 30 per cent to just 8 per cent and only 31 per cent of IPOs were able to deliver more than 10 per cent returns on the day of listing.
How were the returns of the big IPO of FY26?
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Tata Capital Ltd’s IPO was worth Rs 15,512 crore. Its issue price was Rs 326 and closed at Rs 330.5 on the listing day with a marginal gain of 1.38 per cent. However, if we look at the current market price, it is at the level of Rs 305, which is 6.17 percent below the issue price. This means that those investing in this stock are currently facing losses.
The IPO of HDB Financial Services Ltd was worth Rs 12500 crore, the listing of which took place on 2 July 2025. The issue price of the company was kept at Rs 740 and the share closed at Rs 840.95 on the day of listing, giving investors a good return of 13.64 percent on the first day. However, after this the stock witnessed weakness and currently it is trading at the level of Rs 578.55, which is a decline of 21.81 percent compared to the issue price, which means investors are now incurring losses.
The IPO of Pine Labs Ltd was worth Rs 3900 crore, the listing of which took place on 14 November 2025. The issue price of the company was kept at Rs 221 and the share closed at Rs 250.89 on the day of listing, giving investors a return of 13.52 percent on the first day. However, after this there was a continuous decline in the share and currently it is trading at Rs 152.77, which shows a decline of 31.02 percent compared to the issue price.
Got strong returns from these IPOs
Groww’s IPO was worth Rs 6,632 crore, the listing of which took place on 12 November 2025. The issue price of the company was kept at Rs 100 and on the day of listing the share closed at Rs 131.33, giving investors a handsome profit of 31.33 percent on the first day. Even after this, the stock continued to rise and currently it is trading at the level of Rs 164.82, which represents a strong return of about 64.8 percent compared to the issue price.
ICICI Prudential Asset Management
The IPO of ICICI Prudential Asset Management Co Ltd was worth Rs 10,630 crore, the listing of which took place on 19 December 2025. The issue price of the company was kept at Rs 2165 and on the day of listing the shares closed at Rs 2585.9, giving investors a strong return of 19.44 percent on the first day. Even after this, the stock continued to rise and currently it is trading at the level of Rs 2844.3, which is a huge profit of 31.35 percent compared to the issue price.
The IPO of Meesho Ltd was worth Rs 5421 crore, the listing of which took place on 10 December 2025. The issue price of the company was kept at Rs 111 and the share closed at Rs 170.09 on the day of listing, giving investors an excellent return of 53.23 percent on the first day. Although some correction was seen in the stock after this, despite this it is currently trading at the level of Rs 146.61, which is 32.07 percent stronger than the issue price.
The IPO of LG Electronics India Ltd was worth Rs 11607 crore, the listing of which took place on 14 October 2025. The issue price of the company was kept at Rs 1140 and on the day of listing the shares closed at Rs 1689.9, giving investors an excellent return of 48.24 percent on the first day. After this, some correction was seen in the stock, but currently it is trading at the level of Rs 1386.8, which is a return of 21.68 percent compared to the issue price.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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