Lesson from 2026 IPOs: earnings execution beats listing gains
New Delhi, Sept. 30 -- Fifty-three companies listed on the mainboard in 2026 through the end of August, raising a combined Rs.67,322.60 crore, according to Prime Database. Forty of them are trading above their issue price.
Of the 53, only three stocks doubled from the issue price: Omnitech Engineering, SEDEMAC Mechatronics, and Shadowfax Technologies.
More IPOs have listed since, and prices have kept moving, so both counts will have shifted further by the time you read this.
But as of 25 September 2026, there have been only three multibagger IPOs this year, and all three stocks are now above where they were in August.
If you had watched only the listing-day tape, you would have written off two of these three.
Omnitech Engineering ope...
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