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The primary market has remained active in the early months of FY27, with five companies making their stock market debut so far. These include pharmaceutical, fintech, engineering, and FMCG-focused businesses.
Among the newly listed names, most are currently trading above their issue prices, while one IPO has witnessed significant pressure post listing.
Here’s a closer look at how these IPOs are performing after entering the secondary market.
Powerica has emerged as the top performer among FY27 IPOs till now. The stock, which came to the market with an issue price of ₹395, was trading around ₹541.20 as of May 19, reflecting gains of nearly 37%.
The strong listing momentum and sustained investor interest have kept the stock among the standout performers in the current IPO cycle.
The operator of digital lending platforms Ring and Kissht has also delivered impressive post-listing returns. Shares were trading at ₹221.78 compared to the IPO price of ₹171, translating into gains of close to 30%.
The ₹925.92 crore public issue attracted robust participation and was subscribed 9.5 times, indicating strong confidence in the fintech and digital credit segment.
OnEMI Technology Solutions focuses on providing digital credit solutions to young mass-market consumers through its technology-driven platforms.
Sai Parenteral’s, a pharmaceutical formulations and CDMO-focused company, has also rewarded investors after listing.
The stock was trading at ₹473.25 against the IPO issue price of ₹392, marking gains of over 20%.
Its ₹408.79 crore IPO consisted of both a fresh issue and an offer-for-sale component. The company operates across branded generics and contract manufacturing for domestic as well as international markets.
Om Power Transmission has delivered relatively moderate returns compared to its peers.
The stock was quoted around ₹184.73 versus the issue price of ₹175, reflecting gains of about 5.5%.
While the upside has been limited so far, the stock continues to hold above its listing price in the early phase of trading.
Among all FY27 IPOs listed so far, Amir Chand Jagdish Kumar (Exports) has been the weakest performer.
The basmati rice exporter debuted at a discount and continued to witness selling pressure post listing. Shares were trading near ₹127.54 compared to the issue price of ₹212, a decline of almost 40%.
Despite receiving decent subscription during the IPO phase, the stock has struggled to sustain investor confidence in the secondary market.
The FY27 IPO market has started on a mixed but largely positive note. Companies from sectors such as fintech, pharmaceuticals, and engineering have managed to generate healthy post-listing gains, while select consumer-focused businesses have struggled to maintain momentum.
For investors tracking the IPO market, post-listing performance highlights the importance of evaluating business fundamentals, sector outlook, valuation, and subscription trends before investing in new public issues.