{"id":8032,"date":"2026-10-08T07:06:35","date_gmt":"2026-10-08T07:06:35","guid":{"rendered":"https:\/\/financeintellect.com\/home-page\/home\/?p=8032"},"modified":"2026-10-08T07:07:33","modified_gmt":"2026-10-08T07:07:33","slug":"how-the-recent-crop-of-ipos-performed-big-winners-flat-debuts-losers","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/how-the-recent-crop-of-ipos-performed-big-winners-flat-debuts-losers\/","title":{"rendered":"How the Recent Crop of IPOs Performed \u2014 Big Winners, Flat Debuts & Losers"},"content":{"rendered":"

A bumper late-September to early-October 2026 IPO season delivered a sharply mixed scorecard and not alI IPO listing gains were good<\/em><\/strong><\/p>\n

The primary market has been in overdrive. Across late September and early October 2026, dozens of mainboard and SME IPOs hit the bourses, but IPO listing gains have been anything but uniform. Some rewarded investors with instant 75\u201390% gains; others listed flat or at steep discounts.<\/p>\n

This tracker<\/a> breaks down how the recent crop actually performed on debut \u2014 the headline winners, the duds, and what the averages tell us about market appetite.<\/p>\n

The Big Winners<\/h3>\n

A handful of issues delivered the kind of debut pops that make headlines:<\/p>\n

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Company<\/th>\nPlatform<\/th>\nIssue Price (Rs)<\/th>\nListing Price (Rs)<\/th>\nListing Gain<\/th>\n<\/tr>\n
Roopa Screen<\/td>\nBSE SME<\/td>\n64<\/td>\n121.60<\/td>\n+90%<\/strong><\/td>\n<\/tr>\n
Vans Electroengineerings<\/a><\/td>\nBSE SME<\/td>\n118<\/td>\n224.20<\/td>\n+90%<\/strong><\/td>\n<\/tr>\n
Sollfege Smart Electronics<\/td>\nBSE SME<\/td>\n55<\/td>\n104.40<\/td>\n+89.82%<\/strong><\/td>\n<\/tr>\n
Adroit Industries<\/a><\/td>\nMainboard<\/td>\n134<\/td>\n235.00<\/td>\n+75.37%<\/strong><\/td>\n<\/tr>\n
Orient Cables<\/td>\nMainboard<\/td>\n272<\/td>\n450.00<\/td>\n+65.44%<\/strong><\/td>\n<\/tr>\n
Moneyview<\/td>\nMainboard<\/td>\n34<\/td>\n55.00<\/td>\n+61.76%<\/strong><\/td>\n<\/tr>\n
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Topping the charts, Roopa Screen and Vans Electroengineerings both roughly doubled on debut (+90%), with Sollfege Smart Electronics just behind at +89.82% \u2014 a trio of SME names that hit the upper listing band. Among the mainboard heavyweights, Adroit Industries (+75.37%), Orient Cables (+65.44%) and Moneyview (+61.76%) stood out \u2014 Orient Cables and Moneyview having drawn heavy institutional and grey-market interest ahead of listing.<\/p>\n

Strong Gainers<\/h3>\n

The next tier still delivered very healthy returns:<\/p>\n

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Company<\/th>\nPlatform<\/th>\nIssue Price (Rs)<\/th>\nListing Price (Rs)<\/th>\nListing Gain<\/th>\n<\/tr>\n
EverestIMS Technologies<\/td>\nBSE SME<\/td>\n85<\/td>\n126.00<\/td>\n+48.24%<\/strong><\/td>\n<\/tr>\n
Acme Universal Safezone 9<\/td>\nBSE SME<\/td>\n71<\/td>\n101.00<\/td>\n+42.25%<\/strong><\/td>\n<\/tr>\n
SRIT India<\/td>\nMainboard<\/td>\n130<\/td>\n148.00<\/td>\n+13.85%<\/td>\n<\/tr>\n
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EverestIMS Technologies<\/strong> (+48.24%) and Acme Universal Safezone 9<\/strong> (+42.25%) rounded out the standout SME debuts \u2014 notably, Acme listed strongly despite a cautious pre-IPO fundamental view, a reminder that listing-day sentiment and subscription demand can diverge from valuation calls.<\/p>\n

Modest-to-Flat<\/h3>\n

A large cluster of issues listed in single-digit gains or near their issue price:<\/p>\n

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Company<\/th>\nPlatform<\/th>\nIssue Price (Rs)<\/th>\nListing Price (Rs)<\/th>\nListing Gain<\/th>\n<\/tr>\n
Sai Urja Indo Ventures<\/td>\nBSE SME<\/td>\n113<\/td>\n133.80<\/td>\n+18.41%<\/td>\n<\/tr>\n
Shree TNB Polymers<\/td>\nBSE SME<\/td>\n53<\/td>\n60.00<\/td>\n+13.21%<\/td>\n<\/tr>\n
A-One Steels India<\/td>\nMainboard<\/td>\n405<\/td>\n455.00<\/td>\n+12.35%<\/td>\n<\/tr>\n
Black Opal Consultants<\/td>\nBSE SME<\/td>\n197<\/td>\n200.00<\/td>\n+1.52%<\/td>\n<\/tr>\n
SJP Ultrasonics<\/td>\nBSE SME<\/td>\n67<\/td>\n74.20<\/td>\n+10.75%<\/td>\n<\/tr>\n
Swastika Infra<\/td>\nMainboard<\/td>\n185<\/td>\n200.00<\/td>\n+8.11%<\/td>\n<\/tr>\n
Nityas Gems & Jewellery<\/td>\nMainboard<\/td>\n75<\/td>\n80.00<\/td>\n+6.67%<\/td>\n<\/tr>\n
Varmora Granito<\/td>\nMainboard<\/td>\n148<\/td>\n155.00<\/td>\n+4.73%<\/td>\n<\/tr>\n
Himalaya Nutravedics<\/td>\nBSE SME<\/td>\n106<\/td>\n118.00<\/td>\n+11.32%<\/td>\n<\/tr>\n
Pooja Logistics<\/td>\nNSE SME<\/td>\n115<\/td>\n118.00<\/td>\n+2.61%<\/td>\n<\/tr>\n
Unitec Fibres<\/td>\nBSE SME<\/td>\n88<\/td>\n90.00<\/td>\n+2.27%<\/td>\n<\/tr>\n
Shah Investor’s Home<\/td>\nMainboard<\/td>\n167<\/td>\n171.00<\/td>\n+2.40%<\/td>\n<\/tr>\n
Omara Ventures India<\/td>\nBSE SME<\/td>\n311<\/td>\n319.00<\/td>\n+2.57%<\/td>\n<\/tr>\n
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Several flagships were essentially flat on debut \u2014 ArMee Infotech (0%), Runwal Enterprises (0%), Bench Mark Infotech Services (0%), Green Asia Impex (0%) and Shivchem Agro (0%) all listed at or very close to their issue price, reflecting the lukewarm grey markets many of them carried into listing.<\/p>\n

Listing-Day Discounts<\/h3>\n

Not every debut delivered. These issues listed below their issue price, handing day-one losses:<\/p>\n

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Company<\/th>\nPlatform<\/th>\nIssue Price (Rs)<\/th>\nListing Price (Rs)<\/th>\nListing Loss<\/th>\n<\/tr>\n
Pind Hospitality<\/td>\nBSE SME<\/td>\n99<\/td>\n79.20<\/td>\n\u221220%<\/strong><\/td>\n<\/tr>\n
Himalayan Solar<\/td>\nNSE SME<\/td>\n103<\/td>\n85.00<\/td>\n\u221217.48%<\/strong><\/td>\n<\/tr>\n
Dudani Retail<\/td>\nBSE SME<\/td>\n29<\/td>\n25.00<\/td>\n\u221213.79%<\/strong><\/td>\n<\/tr>\n
AceVector<\/td>\nMainboard<\/td>\n32<\/td>\n28.32<\/td>\n\u221211.5%<\/strong><\/td>\n<\/tr>\n
Eventions<\/td>\nNSE SME<\/td>\n118<\/td>\n111.00<\/td>\n\u22125.93%<\/td>\n<\/tr>\n
Vishal Nirmiti<\/td>\nMainboard<\/td>\n220<\/td>\n215.00<\/td>\n\u22122.27%<\/td>\n<\/tr>\n
Dove Soft<\/td>\nBSE SME<\/td>\n111<\/td>\n110.30<\/td>\n\u22120.63%<\/td>\n<\/tr>\n
Peshwa Wheat<\/td>\nBSE SME<\/td>\n101<\/td>\n100.05<\/td>\n\u22120.94%<\/td>\n<\/tr>\n
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Pind Hospitality was the worst debut at \u221220%, followed by Himalayan Solar (\u221217.48%) and Dudani Retail (\u221213.79%) \u2014 the latter two having carried flat-to-weak grey markets and cautious fundamental reviews into listing. Among the large mainboard names, AceVector (Snapdeal’s parent) listed at a \u221211.5% discount \u2014 vindicating the widely-flagged “Avoid” view on the still-loss-making platform.<\/p>\n

The Averages<\/h3>\n

Across this crop, the scorecard is clearly on two tracks:<\/p>\n