New Delhi, Aug. 14 -- India's initial public offering (IPO) market continued to witness healthy listing gains in the current financial year, with mainboard issues delivering an average listing-day gain of 12 per cent in FY2026-27, while the average gain as of July 31 stood at 15 per cent, according to an IPO Market Update by Axis Capital.

The report, which analyses 407 mainboard IPOs and follow-on public offers (FPOs) listed between July 2020 and July 2026, said 12 of the 18 issues considered in FY2026-27 were trading above their issue prices as of July 31.

For the retail category, the broader performance remained stronger over the longer term. The 407 IPOs recorded an average listing gain of 21 per cent, while the average gain from the...