List of IPOs listed in October 2026

Key takeaways:

• Mainboard IPOs showed mostly positive listing performance, with 14 of the 18 issues opening above their issue prices, 2 below them and 2 remaining flat.
• Tonbo Imaging emerged as the biggest Mainboard winner, gaining 65.71% on listing, followed by Orient Cables with a 65.44% gain.
• SME IPOs showed wider performance swings, with Roopa Screen and VANS Electroengineerings each gaining 90.00%, while Pind Hospitality, TNA Solutions and Core4 Engineers each fell 20.00%.
• Investor demand was exceptionally high for several IPOs, with VANS Electroengineerings receiving 584.4 times subscription, the highest in the month, followed by Roopa Screen at 350.1 times.

October 2026 saw intense activity in India’s IPO market, with 18 Mainboard and 28 SME IPOs listing during the month. Several issues attracted exceptional demand, with Tonbo Imaging receiving 135.9 times subscription on the Mainboard and VANS Electroengineerings reaching 584.4 times in the SME segment.

Listing performances also showed a wide gap across companies. Tonbo Imaging delivered the highest Mainboard gain at 65.71%, while Roopa Screen and VANS Electroengineerings each led the SME segment with a 90.00% gain. On the other hand, AceVector fell 11.56%, while Pind Hospitality, TNA Solutions and Core4 Engineers each declined 20.00% on listing.

This article covers all 46 IPOs listed in October 2026, comparing their issue prices, NSE listing prices, subscription levels, and listing gains or losses. It also identifies the month’s strongest and weakest IPO performers across the Mainboard and SME segments.

Mainboard IPOs listed in October 2026

October saw 18 Mainboard IPO listings, with companies from sectors including metals and mining, financial services, real estate, capital goods, consumer services, technology, infrastructure, consumer discretionary, healthcare, defence and aerospace, and telecommunications.

AOne Steels

AOne Steels Limited entered the public markets on 1 October 2026 with a positive market response. The metals and mining company had an upper issue price of ₹405, while shares opened at ₹455. Its IPO received 11.6x overall subscription, and shares gained 12.35% on listing, providing investors with a positive opening.

Moneyview

Moneyview Limited attracted substantial investor attention before entering the public markets on 1 October 2026. The financial services company had an upper issue price of ₹34, while shares opened at ₹55. Its IPO received 98.5x overall subscription, and shares gained 61.76% on listing, placing it among October’s leading Mainboard performers.

Runwal Enterprises

Runwal Enterprises Limited entered the Mainboard on 5 October 2026, representing the real estate segment. The company had an upper issue price of ₹305, while shares opened at the same ₹305 level. Its IPO received 2.5x overall subscription, with no listing gain or loss, resulting in a flat opening.

German Green Steel Power

German Green Steel Power Limited entered the public markets on 5 October 2026, representing the metals and mining segment. Its upper issue price stood at ₹139, while shares opened at ₹142. The IPO received 29.0x overall subscription, and shares gained 2.16% on listing, giving investors a modest positive opening.

Orient Cables

Orient Cables Limited delivered the strongest Mainboard listing performance of October. The capital goods company had an upper issue price of ₹272, while shares opened at ₹450 on 5 October 2026. Its IPO received 92.3x overall subscription, and shares gained 65.44% on listing, making it the month’s biggest Mainboard gainer.

AceVector

AceVector Limited experienced a weak market opening on 5 October 2026. The consumer services and technology company had an upper issue price of ₹32, while shares opened at ₹28.3. Its IPO received 4.9x overall subscription, and shares declined 11.56% on listing, making it October’s weakest Mainboard opening.

Shah Investors Home

Shah Investors Home Limited entered the public markets on 6 October 2026, representing the financial services segment. Its upper issue price stood at ₹167, while shares opened at ₹171. The IPO received 38.1x overall subscription, and shares gained 2.40% on listing, providing investors with a modest premium.

SRIT

SRIT Limited attracted strong investor attention before entering the market on 6 October 2026. The information technology company had an upper issue price of ₹130, while shares opened at ₹148. Its IPO received 125.2x overall subscription, and shares gained 13.85% on listing, giving investors a positive opening.

Vishal Nirmiti

Vishal Nirmiti Limited experienced a comparatively weak market opening on 8 October 2026. The infrastructure company had an upper issue price of ₹220, while shares opened at ₹215. Its IPO received 1.7x overall subscription, and shares declined 2.27% on listing, resulting in a negative opening.

Nityas Gems and Jewellery

Nityas Gems and Jewellery Limited entered the public markets on 8 October 2026, representing the consumer discretionary segment. Its upper issue price stood at ₹75, while shares opened at ₹80. The IPO received 2.3x overall subscription, and shares gained 6.67% on listing, giving investors a positive opening.

HD Fire Protect

HD Fire Protect Limited attracted substantial investor attention before entering the public markets on 21 October 2026. The capital goods company had an upper issue price of ₹271, while shares opened at ₹335. Its IPO received 131.7x overall subscription, and shares gained 23.62% on listing, translating strong demand into a sizeable opening premium.

Fusion CX

Fusion CX Limited entered the public markets on 22 October 2026, representing the information technology segment. Its upper issue price stood at ₹289, while shares opened at ₹305. The IPO received 4.5x overall subscription, and shares gained 5.54% on listing, providing investors with a positive opening.

Sahajanand Medical Technologies

Sahajanand Medical Technologies Limited entered the public markets on 23 October 2026, representing the healthcare segment. Its upper issue price stood at ₹344, while shares opened at ₹371.1. The IPO received 14.2x overall subscription, and shares gained 7.88% on listing, providing investors with a positive opening.

Tonbo Imaging

Tonbo Imaging Limited delivered one of October’s strongest Mainboard listing performances. The defence and aerospace company listed on 23 October 2026 at ₹1,160 against an upper issue price of ₹700. Its IPO received 135.9x overall subscription, while shares gained 65.71% on listing, making it the month’s biggest Mainboard gainer.

Bonfiglioli Transmissions

Bonfiglioli Transmissions Limited entered the Mainboard on 23 October 2026, representing the capital goods segment. The company had an upper issue price of ₹586, while shares opened at the same ₹586 level. Its IPO received 46.1x overall subscription, but the stock recorded no listing gain or loss.

Zetwerk Manufacturing Businesses

Zetwerk Manufacturing Businesses Limited entered the public markets on 23 October 2026, representing the capital goods segment. Its upper issue price stood at ₹151, while shares opened at ₹159.3. The IPO received 3.1x overall subscription, and shares gained 5.50% on listing, providing investors with a positive opening.

Paras Healthcare

Paras Healthcare Limited entered the public markets on 28 October 2026, representing the healthcare segment. Its upper issue price stood at ₹693, while shares opened at ₹720. The IPO received 2.2x overall subscription, and shares gained 3.90% on listing, giving investors a modest premium.

Jio Platforms

The telecommunications sector saw one of October’s prominent Mainboard offerings through Jio Platforms Limited. Listed on 28 October 2026, the company opened at ₹1,358 against an upper issue price of ₹1,119. Its IPO received 22.2x overall subscription, while shares gained 21.36% on listing, providing investors with a sizable opening premium.

SME IPOs listed in October 2026

October saw 28 SME IPO listings, covering sectors such as FMCG, textiles, industrial services, information technology, renewable energy, consumer discretionary, consumer services, chemicals, real estate, capital goods, financial services, and infrastructure.

Peshwa Wheat

Peshwa Wheat Limited entered the SME market on 1 October 2026 with a comparatively weak market response. The FMCG company had an upper issue price of ₹101, while shares opened at ₹100. Its IPO received 2.7x overall subscription, and shares declined 0.99% on listing, resulting in a slightly negative opening.

Roopa Screen

Roopa Screen Limited delivered one of October’s strongest SME IPO performances. The textiles company had an upper issue price of ₹64, while shares opened at ₹121.6 on 1 October 2026. Its IPO received 350.1x overall subscription, while shares gained 90.00% on listing, making it one of the month’s standout performers.

Sai Urja Indo Ventures

Sai Urja Indo Ventures Limited entered the SME market on 5 October 2026, representing the industrial services segment. Its upper issue price stood at ₹113, while shares opened at ₹133.8. The IPO received 4.4x overall subscription, and shares gained 18.41% on listing, providing investors with a positive opening.

Bench Mark Infotech Services

Bench Mark Infotech Services Limited attracted substantial investor attention before entering the SME market on 5 October 2026. The information technology company had an upper issue price of ₹110, while shares opened at the same ₹110 level. Its IPO received 96.0x overall subscription, but shares remained flat on listing despite the substantial demand.

Himalayan Solar

Himalayan Solar Limited experienced a difficult market opening on 5 October 2026. The renewable energy company had an upper issue price of ₹103, while shares opened at ₹85. Its IPO received 1.2x overall subscription, and shares declined 17.48% on listing, making it one of October’s weaker SME IPO performances.

Dudani Retail

Dudani Retail Limited entered the SME market on 5 October 2026 with a weak opening. The consumer discretionary company had an upper issue price of ₹29, while shares opened at ₹25. Its IPO received 1.4x overall subscription, and shares declined 13.79% on listing, resulting in a negative market debut.

Pind Hospitality

Pind Hospitality Limited faced selling pressure when it entered the SME market on 6 October 2026. The consumer services company had an upper issue price of ₹99, while shares opened at ₹79.2. Its IPO received 2.6x overall subscription, but shares declined 20.00% on listing, making it one of October’s weakest SME IPO openings.

Shivchem Agro

Shivchem Agro Limited entered the SME market on 6 October 2026, representing the chemicals segment. The company had an upper issue price of ₹62, while shares opened at the same ₹62 level. Its IPO received 2.1x overall subscription, with no listing gain or loss, resulting in a flat opening.

Acme Universal Safezone 9

Acme Universal Safezone 9 Limited attracted strong investor attention before its SME market entry on 6 October 2026. The consumer discretionary company had an upper issue price of ₹71, while shares opened at ₹101. Its IPO received 15.6x overall subscription, and shares gained 42.25% on listing, providing investors with a substantial opening premium.

Papadmalji Agro Foods

Papadmalji Agro Foods Limited entered the SME market on 7 October 2026, representing the FMCG segment. Its upper issue price stood at ₹72, while shares opened at ₹72.3. The IPO received 2.5x overall subscription, and shares gained 0.42% on listing, resulting in a nearly flat opening.

Black Opal Consultants

Black Opal Consultants Limited entered the SME market on 7 October 2026, representing the real estate segment. Its upper issue price stood at ₹197, while shares opened at ₹200. The IPO received 68.7x overall subscription, and shares gained 1.52% on listing, providing investors with a modest premium.

Green Asia Impex

Green Asia Impex Limited experienced a slightly weak market opening on 7 October 2026. The FMCG company had an upper issue price of ₹90, while shares opened at ₹89. Its IPO received 1.0x overall subscription, and shares declined 1.11% on listing, resulting in a marginally negative opening.

VANS Electroengineerings

VANS Electroengineerings Limited stood out among October’s SME IPOs with an exceptional 584.4x subscription. The capital goods company listed on 7 October 2026 at ₹224.2 against an upper issue price of ₹118. Shares gained 90.00% on listing, placing the company among the month’s strongest SME performers.

Eventions

Eventions Limited entered the SME market on 8 October 2026 with a weak opening. The consumer services company had an upper issue price of ₹118, while shares opened at ₹111. Its IPO received 2.3x overall subscription, and shares declined 5.93% on listing, resulting in a negative opening.

Sollfege Smart Electronics

Sollfege Smart Electronics Limited entered the SME market on 8 October 2026 with an unusually strong listing performance. The consumer discretionary company had an upper issue price of ₹55, while shares opened at ₹104.4. Its IPO received 2.1x overall subscription, and shares gained 89.82% on listing, placing it just below the month’s highest SME listing gains.

Shree TNB Polymers

Shree TNB Polymers Limited entered the SME market on 8 October 2026 with a positive opening. The chemicals company had an upper issue price of ₹53, while shares opened at ₹60. Its IPO received 1.9x overall subscription, and shares gained 13.21% on listing, giving investors a positive initial return.

EverestIMS Technologies

EverestIMS Technologies Limited attracted substantial investor attention before entering the SME market on 8 October 2026. The information technology company had an upper issue price of ₹85, while shares opened at ₹126. Its IPO received 273.7x overall subscription, and shares gained 48.24% on listing, placing it among October’s leading SME performers.

Omara Ventures

Omara Ventures Limited entered the SME market on 8 October 2026, representing a company whose primary business sector remains pending verification. Its upper issue price stood at ₹311, while shares opened at ₹319. The IPO received 1.1x overall subscription, and shares gained 2.57% on listing, providing investors with a modest positive opening.

Dove Soft

Dove Soft Limited entered the SME market on 8 October 2026 with a slightly weak opening. The information technology company had an upper issue price of ₹111, while shares opened at ₹110.3. Its IPO received 1.4x overall subscription, but shares declined 0.63% on listing, resulting in a marginally negative opening.

SJP Ultrasonics

SJP Ultrasonics Limited entered the SME market on 8 October 2026, representing the capital goods segment. Its upper issue price stood at ₹67, while shares opened at ₹74.2. The IPO received 1.8x overall subscription, and shares gained 10.75% on listing, giving investors a positive opening.

Paramount Syntex

Paramount Syntex Limited experienced a weak market opening on 9 October 2026. The textiles company had an upper issue price of ₹127, while shares opened at ₹115. Its IPO received 1.8x overall subscription, and shares declined 9.45% on listing, resulting in a negative opening.

TNA Solutions

TNA Solutions Limited experienced a difficult market opening on 9 October 2026. The textiles company had an upper issue price of ₹70, while shares opened at ₹56. Its IPO received 51.4x overall subscription, but shares declined 20.00% on listing, making it one of October’s weakest SME IPO performances.

Acme Industries

Acme Industries Limited attracted strong investor attention before its SME market entry on 9 October 2026. The capital goods company had an upper issue price of ₹196, while shares opened at ₹221. Its IPO received 115.5x overall subscription, and shares gained 12.76% on listing, providing investors with a positive opening.

RK Fashion Accessories

RK Fashion Accessories Limited entered the SME market on 12 October 2026 with a comparatively weak market response. The consumer discretionary company had an upper issue price of ₹82, while shares opened at ₹80. Its IPO received 2.6x overall subscription, and shares declined 2.44% on listing, resulting in a slightly negative opening.

Vaibhav Vyapaar

Vaibhav Vyapaar Limited entered the SME market on 21 October 2026, representing the financial services segment. Its upper issue price stood at ₹52, while shares opened at ₹52.9. The IPO received 3.1x overall subscription, and shares gained 1.73% on listing, giving investors a modest positive return.

Ravita Engineering Services

Ravita Engineering Services Limited entered the SME market on 22 October 2026, representing the capital goods segment. The company had an upper issue price of ₹112, while shares opened at the same ₹112 level. Its IPO received 6.7x overall subscription, with no listing gain or loss, resulting in a flat opening.

Shellz

Shellz Limited entered the SME market on 23 October 2026, representing the FMCG segment. The company had an upper issue price of ₹179, while shares opened at the same ₹179 level. Its IPO received 50.8x overall subscription, with no listing gain or loss despite substantial investor participation.

Core4 Engineers

Core4 Engineers Limited experienced a difficult market opening on 30 October 2026. The infrastructure company had an upper issue price of ₹93, while shares opened at ₹74.4. Its IPO received 4.7x overall subscription, but shares declined 20.00% on listing, making it one of October’s weakest SME IPO openings and bringing the month’s SME IPO activity to a close.

Conclusion

Mainboard IPOs included 14 companies that listed above their issue price, 2 that opened below it and 2 that remained flat.

Among the 28 SME IPOs, 13 listed at a gain, 11 opened below their issue price, and 4 remained flat. The variation shows why subscription levels alone cannot explain IPO performance. Listing prices also reflected differences in investor sentiment across companies and sectors.