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IPO market shrugs global headwinds: 72% of the 2026 IPOs trade in green
4 min read | Updated on September 15, 2026, 14:55 IST
SUMMARY
The IPO market demand could remain resilient despite the global headwinds and subdued headline performance. Upcoming big-ticket IPOs like NSE IPO, Jio IPO will keep the excitement high for IPOs.The gains of the IPOs and the resilient performance is expected to continue, considering the high investor interest and confidence.
72% of the 2026 IPOs trade with post listing gains.
IPO market is buzzing again after a dull first half of 2026. July and August saw more IPO listings together than H1 2026. The accelerated pace of listings comes despite the sluggish benchmark index performance. The NIFTY50 is trading nearly 10% lower in 2026 on a YTD basis, delivering sub-optimal performance and souring investor sentiment. However, on the other hand, the broader markets and the IPO markets kept investor interest and confidence high, despite the sluggish headline index performance. The NIFTY IPO index soared over 18% YTD as the previously listed IPOs and the new entrants showed strong listing gains.
Here is what led to superior outperformance of IPO market despite the global headwinds
Buzzing IPO market activity
The IPO activity picked up pace in July and August, accounting for 69% of the total public issue listings in 2026. The trend was also visible in the fund flow activity as investors diverted fund flows away from large caps to broader markets and IPO. Fund flow activity remained strong and resilient despite volatile global market conditions. Check the details
| Subscription of IPOs | Subscription statistics |
|---|---|
| Above 200x | 3 |
| Above 100x | 15 |
| 50x to 100 x | 13 |
| 1x to 50x | 50 |
| Total | 81 |
Out of the 81 IPOs in 2026,18 IPOs have seen over 100x subscription in the public issue, followed by 13, which saw 50x to 100x subscriptions. Fully subscribed IPO saw up to 50x subscription in nearly 50 IPOs. The data underscores the demand for IPOs, even when headline market sentiment remains subdued owing to global headwinds.
What led to the surge in demand for IPO?
The surge in demand for IPOs is preceded by the recency bias amongst investors. Strong listing gains often create robust demand for upcoming IPOs, which, in a weak market listings just sail through the full subscription. Here is how the IPOs of 2026 performed
| Gains/loss | Number of IPOs |
|---|---|
| >100% | 1 |
| 50%-100% | 4 |
| 0%-50% | 40 |
| <=0% | 23 |
The till date IPO market performance remains largely skewed towards strong listings and the post listing gains. More than 66% of the IPOs listed with gains and ~33% of the IPOs listed either flat of with losses in 2026 till date. The post listing gains scenario, further tilted towards gains as 72% of the IPOs listed in 2026 trade with gains at the current market price as of 15th September, while 28% extended the losses.
Top five performing and non-performing IPOs of 2026
| Company name | Current gains | Company Name | Current losses |
|---|---|---|---|
| ESDS Software solutions | +300% | Waterways Leisure | -86% |
| Omnitech Engineering | +142% | Shriram Twistex | -64% |
| SEDEMAC Engineering | +114% | Innovision | -49% |
| Xtranet Technologies | 113% | Alpine Texworld | -45% |
| Indo-MIM | 110% | Aastha Spintex | -42% |
Source: NSE data
In summary
The IPO market demand could remain resilient despite the global headwinds and subdued headline performance. Upcoming big-ticket IPOs like NSE IPO, Jio IPO will keep the excitement and the investor interest high for IPOs.The gains of the IPOs and the resilient performance is expected to continue, considering the high investor interest and confidence.
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.
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