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Top 10 mainboard IPOs of FY26: Ather Energy, Aditya Infotech, Belrise Industries, Borana Weaves and more
3 min read | Updated on February 24, 2026, 15:23 IST
SUMMARY
Top 10 mainboard IPOs of FY26: The best-performing initial public offerings of this fiscal year include Ather Energy, Aditya Infotech, Belrise Industries, Borana Weaves, Jain Resource Recycling and Billionbrains Garage Ventures, among others.
Stock list
Shares of electric two-wheeler maker Ather Energy Ltd are up 123.72% from the issue price of ₹321 apiece. | Image: Shutterstock
Top 10 mainboard IPOs of FY26: The financial year 2025-26 has witnessed several blockbuster initial public offerings, with as many as three IPOs trading with gains over 100% in comparison to their issue prices.
Top 10 IPOs of FY26: Issue price vs current price
| Company | Listing Date | Issue Price | Current Price* | Change (%) |
|---|---|---|---|---|
| Ather Energy | May 6, 2025 | ₹321 | ₹718.15 | 123.72% |
| Aditya Infotech | Aug 5, 2025 | ₹675 | ₹1,504.9 | 122.94% |
| Belrise Industries | May 28, 2025 | ₹90 | ₹184.63 | 105.14% |
| Borana Weaves | May 27, 2025 | ₹216 | ₹399.20 | 84.81% |
| Billionbrains Garage Ventures | Nov 12, 2025 | ₹100 | ₹167.36 | 67.36% |
| Jain Resource Recycling | Oct 1, 2025 | ₹232 | ₹379.4 | 63.53% |
| Rubicon Research | Oct 16, 2025 | ₹485 | ₹779.05 | 60.62% |
| Shreeji Shipping Global | Aug 26, 2025 | ₹252 | ₹404.35 | 60.45% |
| GNG Electronics | Jul 30, 2025 | ₹237 | ₹374.35 | 57.95% |
| Shringar House of Mangalsutra | Sep 17, 2025 | ₹165 | ₹251.93 | 52.68% |
Ather Energy
Shares of electric two-wheeler maker Ather Energy Ltd are up 123.72% from the issue price of ₹321 as of February 23's closing price. The issue was subscribed to 1.43 times.
In the December quarter, the company had narrowed its net loss to ₹83.6 crore as compared to ₹197.8 crore in the same period of the previous fiscal year.
Its revenue from operations advanced 50.19% to ₹953.6 crore in the third quarter of FY26 against ₹634.9 crore in the year-ago period.
The pan-India market share of Ather Energy, which designs and manufactures high-performance electric scooters, stood at 18.8% as of Q3 FY26.
Aditya Infotech
The stock is up 122.94% from the issue price of ₹675 on the NSE. Aditya Infotech, a leading provider of security and surveillance solutions under the 'CP Plus' brand, had received a strong response from investors during the bidding period, who subscribed to the issue 100.69 times.
In Q3 FY26, the company had reported a 138.87% increase in its consolidated net profit to ₹95.98 crore compared to ₹40.18 crore in the same period of the previous fiscal year. Its revenue from operations surged 37.32% year-on-year (YoY) to ₹1,139.11 crore.
During the quarter, the company also announced a landmark deal with Qualcomm Technologies to develop AI-enabled, insight-driven video security solutions for industrial, enterprise, and public safety applications.
Belrise Industries
Shares of Belrise Industries are trading at ₹184.63 a unit, reflecting a gain of 105.14% from the issue price, on the NSE. The company is an automotive component manufacturer, specialising in the production of safety-critical systems and engineering solutions for an array of vehicles.
The company had recorded a 27.78% surge in its profit after tax to ₹116.74 crore in Q3 FY26, compared to ₹91.36 crore in the year-ago period. Revenue from operations rose 2.32% YoY to ₹1,821.39 crore.
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