Best IPOs and Worst IPOs - SME - January 2026

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The best performing and worst performing SME IPOs in January 2026. This IPO screener table also looks at the subscription status, current gains, listing gains, and issue size.

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Listing day open Analysis - January 2026

No. of Stocks Listed in Profit9 (60.0%)
No. of Stocks Listed in Loss6 (40.0%)
Avg Listing Gains7.3%

In January 2026, 9 SME stocks opened on listing day in profit and 6 opened in loss, with an average listing gain of 7.28%.

Listing day close Analysis - January 2026

No. of Stocks Closed in Profit8 (53.3%)
No. of Stocks Closed in Loss7 (46.7%)
End of Listing Day Avg Gain6.1%

In January 2026, at listing day close, 8 SME stocks were profitable and 7 were in loss, with an average EOD gain of 6.07%.

IPO Till Date Analysis - January 2026

No. of Stocks in Profit6 (40.0%)
No. of Stocks in Loss9 (60.0%)
Average returns till date20.8%

Out of all SME IPOs that listed in January 2026, 6 stocks are in profit and 9 in loss till date, reflecting an overall average gain of 20.79%.

Search in Table
IPO screener results: company, price, market cap, listing date, issue details, subscription figures and listing gains. Column headers are buttons that sort the table.
Shayona Engineering143.856.030 Jan 2614.9 Cr₹ 1440.1x18.4x6.9x5.2x144.0151.00.0%-0.1%
KRM Ayurveda302.0642.129 Jan 2677.5 Cr₹ 13531.1x168.6x66.8x64.3x172.1180.7+27.5%+123.7%
Digilogic Systems170.9494.928 Jan 2681.0 Cr₹ 1040.9x1.0x1.4x1.1x83.279.0-20.0%+64.4%
Aritas Vinyl13.626.823 Jan 2637.5 Cr₹ 470.0x3.4x4.7x2.1x47.044.60.0%-71.1%
Armour Security18.431.022 Jan 2626.5 Cr₹ 570.0x3.7x3.5x1.8x45.643.4-20.0%-67.8%
GRE Renew Enertech182.0260.021 Jan 2639.6 Cr₹ 1057.8x33.3x18.8x15.4x96.091.2-8.6%+73.3%
Indo Smc466.61066.521 Jan 2692.0 Cr₹ 14950.4x219.7x127.7x102.8x149.0154.80.0%+213.2%
Narmadesh Brass Industries293.090.921 Jan 2644.9 Cr₹ 515-1.9x0.6x1.2x495.0470.3-3.9%-43.1%
Avana Electrosystems149.6338.720 Jan 2635.2 Cr₹ 5929.0x295.2x182.5x122.7x77.580.3+31.4%+153.5%
Defrail Technologies69.048.519 Jan 2613.8 Cr₹ 7437.6x215.3x134.5x98.2x95.090.3+28.4%-6.8%
Victory Electric Vehicles16.439.514 Jan 2634.6 Cr₹ 41-0.4x1.0x1.0x34.532.8-16.0%-60.0%
Yajur Fibres38.086.214 Jan 26120.4 Cr₹ 1740.9x1.0x1.4x1.3x139.2132.3-20.0%-78.2%
Gabion Technologies80.3109.113 Jan 2629.2 Cr₹ 81143.7x1950.2x1153.5x768.1x89.093.4+9.9%-0.8%
Modern Diagnostic Research52.078.507 Jan 2636.9 Cr₹ 90103.1x933.5x454.1x350.5x99.595.0+10.6%-42.2%
E to E Transportation267.8462.102 Jan 2684.2 Cr₹ 174125.5x1159.0x725.7x490.6x330.6327.8+90.0%+53.9%

FAQ

An initial public offering (IPO) is a procedure by which private companies sell their shares to public investors through a book-building process. Investors will bid to buy shares within a price band, and based on the highest number of bids received at a particular price, the issue price will be determined.

QIBs are the registered institutional investors that directly apply in the Qualified Institutional Bidders category.

HNIs are investors who apply for shares in an IPO worth above Rs 2 lakh and come under non individual investor (or HNI) category.

Retail investors are individuals who apply for shares less than Rs 2 lakh in an IPO.

Investors should have a demat account with their broker. If you have a demat account, you can look for the IPO section in your demat account and select the company in which you want to invest in. Based on the amount you bid for, you will be classified either as a retail or HNI investor. Remember, the value of the shares for which you have placed bids in an IPO will be blocked from your account till the allotment of shares is completed. If you are allotted shares in the IPO, then any balance amount will be unblocked or credited into your account.

The IPO allotment process depends on the category of investors:

  1. Retail Individual Investor (RII) Category Retail investors can bid for shares up to ₹2,00,000. Shares are allotted through a lottery system if the IPO is oversubscribed in this category. Each eligible applicant has an equal chance of receiving at least one lot, regardless of when the application was submitted, provided the application is valid.
  2. High Net-Worth Individual (HNI) Investors who bid for shares worth more than ₹2,00,000 fall under this category. Allotment in the HNI category is done on a proportionate basis, i.e., in proportion to the amount of the bid. For example, if you apply for 1% of the total shares available in this category, you will receive 1% of the shares allotted to HNIs.

General Notes:

  • Oversubscription: If an IPO is heavily oversubscribed, the chances of allotment in the RII category decrease, and it is purely based on a random lottery.
  • Application Modes: Investors can apply through ASBA (Applications Supported by Blocked Amount) via their banks or through online platforms provided by brokers.