List of IPOs listed in July'26: Mainboard & SMEs IPO performance
Key takeaways:
- July 2026 saw a robust IPO market, with 14 Mainboard and 20+ SME IPOs making their stock market debut across diverse sectors.
- Mainboard IPOs delivered mixed returns, with Indo-MIM (+44.33%) emerging as the best performer, while Waterways Leisure Tourism (-15.72%) was the weakest listing.
- SME IPOs outperformed Mainboard listings, with multiple stocks, including Teja Engineering Industries, Millworks Technologies, and Shree Balaji Mala Textiles, listing at 90% premiums.
- Strong investor demand continued, with several IPOs attracting subscriptions of over 100x, reflecting sustained confidence in the primary market.
- Despite a few discounted and flat listings, July remained an encouraging month for IPO investors, led by strong listing gains across both Mainboard and SME segments.
July 2026 was one of the most active months for India's IPO market, as several Mainboard and SME companies made their stock market debut. The month's IPO listings represented a wide range of industries, including financial services, textiles, engineering, logistics, technology, infrastructure, hospitality, and consumer-focused businesses.
While some IPOs delivered exceptional listing gains and rewarded investors on debut, others listed at discounts despite attracting healthy subscription levels. The strong participation from retail, qualified institutional buyers (QIBs), and non-institutional investors (NIIs) reflected continued confidence in India's primary market.
Here's a detailed overview of all the Mainboard and SME IPOs listed in July 2026.
Mainboard IPOs listed in July 2026
July saw 14 Mainboard listings, with companies from sectors including financial services, infrastructure, textiles, mining, engineering, industrial manufacturing, and technology making their debut.
Waterways Leisure Tourism
Waterways Leisure Tourism operates luxury river cruise services across India, offering premium travel experiences on inland waterways. The issue size of the IPO was ₹585 crore to support business expansion and fleet growth. Its shares were listed on July 1, 2026, at ₹681, a 15.72% discount to the issue price of ₹808, despite receiving 1.72 times subscription.
Advit Jewels
Advit Jewels manufactures and wholesales gold, diamond, and precious stone jewellery across India. The issue size of the IPO was ₹165.16 crore to support business growth and working capital requirements. The stock debuted on July 1, 2026, at ₹188.90, delivering a 36.88% listing gain over its issue price of ₹138 after being subscribed 212.63 times.
CSM Technologies
CSM Technologies is a digital transformation and e-governance solutions provider serving government departments and enterprises across multiple sectors. The company listed on July 2, 2026, at ₹113, exactly matching its issue price. The IPO received a modest 1.37 times subscription, resulting in a flat listing without any premium or discount.
Aastha Spintex
Aastha Spintex manufactures cotton yarn and textile products for domestic and export markets. Aastha shares debuted on July 6, 2026, at ₹130, a 4.41% discount to the issue price of ₹136, after the IPO was subscribed 5.05 times.
Knack Packaging
Knack Packaging manufactures paper-based and sustainable packaging products for FMCG, food, and industrial customers. The company received strong investor interest during the IPO, which was subscribed 87.17 times. Its shares listed on July 8, 2026, at ₹188, delivering a 10.59% premium over the issue price of ₹170.
Kusumgar
Kusumgar is a leading manufacturer of technical textiles used in defence, industrial, infrastructure, and specialty applications. The company attracted strong investor demand with subscriptions of 135.80 times. The stock debuted on July 15, 2026, at ₹568.15, providing investors with a healthy 35.60% listing gain over the issue price of ₹419.
Laser Power & Infra
Laser Power & Infra manufactures power cables and undertakes EPC projects for power transmission and infrastructure sectors. The IPO saw healthy investor participation and was subscribed 38.74 times. The shares listed on July 16, 2026, at ₹250, delivering a 16.82% premium compared to the issue price of ₹214.
Alpine Texworld
Alpine Texworld manufactures textile fabrics and garments for customers in domestic and international markets. The IPO received a modest response with subscriptions of 1.40 times. The stock debuted on July 21, 2026, at ₹105, exactly matching its issue price, resulting in a flat listing on the stock exchanges.
SBI Funds Management
SBI Funds Management is one of India's largest asset management companies, offering mutual fund and investment management services to retail and institutional investors. The IPO was subscribed 41.73 times and listed on July 21, 2026, at ₹613.30, giving investors a 6.85% premium over its issue price of ₹574.
Caliber Mining & Logistics
Caliber Mining & Logistics provides integrated mining support, transportation, and logistics services to mining companies across India. The IPO received an overwhelming response with 154.66 times subscription. The stock listed on July 24, 2026, at ₹500.25, delivering a strong 17.98% listing gain over the issue price of ₹424.
Xtranet Technologies
Xtranet Technologies provides IT and software services, offering digital transformation, cloud solutions, enterprise applications, and technology consulting. The company listed on July 30, 2026, at ₹136 per share, delivering a 7.09% premium over its issue price of ₹127 after receiving an overall subscription of 12.24 times.
Indo-MIM
Indo-MIM is a leading precision engineering company that manufactures metal injection moulded (MIM) components and precision-engineered products for industries such as automotive, aerospace, healthcare, and consumer electronics. The IPO was subscribed 72.37 times and listed on July 30, 2026, at ₹700, delivering an impressive 44.33% premium over the issue price of ₹485.
Lohia Corp
Lohia Corp is a global manufacturer of machinery and equipment used for producing woven fabric and packaging products. The company serves customers across several international markets with advanced industrial manufacturing solutions. The IPO was listed on July 30, 2026, at ₹461 per share, providing investors with an 8.47% listing gain over the issue price of ₹425, after receiving 7.26 times subscription.
Cube Highways Trust InvIT
Cube Highways Trust InvIT owns and operates a diversified portfolio of toll road assets across India, generating stable cash flows through long-term concession agreements. The InvIT was subscribed 9.35 times and listed on July 31, 2026, at ₹155, offering investors a modest 1.97% premium over the issue price of ₹152.
SME IPOs listed in July 2026
SME segment remained the biggest attraction during July 2026. More than 20 SME companies debuted on the BSE SME and NSE SME platforms. While many companies generated best listing gains, a few stocks opened below their issue prices despite strong subscription demand.
Jivial Industries
Jivial Industries manufactures and supplies non-ferrous metal products used in industrial and engineering applications. The company serves customers across multiple manufacturing sectors. The IPO was listed on July 1, 2026, at ₹156.80, a 20% discount to the issue price of ₹196, after receiving a subscription of 0.93 times.
Shreedhar Spinners
Shreedhar Spinners manufactures cotton yarn used by textile and garment manufacturers across India. The company serves both domestic and export markets with a range of yarn products. The shares were listed on July 1, 2026, at ₹54.50, delivering a modest 2.64% premium over the issue price of ₹53 after receiving 6.70 times subscription.
Riyaasat Lifestyle
Riyaasat Lifestyle is engaged in the design, manufacturing, and marketing of fashion apparel and lifestyle products. The company focuses on affordable clothing for Indian consumers through retail and distribution channels. The stock debuted on July 1, 2026, at ₹84.80, a 21.48% discount to its issue price of ₹106, despite being subscribed 1.32 times.
Crazy Snacks
Crazy Snacks manufactures packaged snacks and ready-to-eat food products under its own brands. The company caters to growing demand in India's organised food industry. The shares debuted on July 3, 2026, at ₹44, delivering a 4.76% listing gain over the issue price of ₹42 after being subscribed 1.20 times.
Adon Agro Commodities
Adon Agro Commodities is engaged in processing and trading agricultural commodities, including grains and food products. The company supplies products to wholesale and institutional customers across India. The IPO was listed on July 6, 2026, at ₹78.25, offering an 11.79% premium over its issue price of ₹70, with 1.35 times subscription.
Kratikal Tech
Kratikal Tech provides cybersecurity, cloud security, risk assessment, and compliance solutions to enterprises across different industries. The company focuses on helping businesses strengthen their digital security infrastructure. The shares were listed on July 7, 2026, at ₹182.40, delivering a 35.11% premium over the issue price of ₹135 after receiving 220.71 times subscription.
Sampark India Logistics
Sampark India Logistics provides transportation, warehousing, freight, and supply chain management solutions across India. The company serves customers from multiple industries through its logistics network. The IPO debuted on July 7, 2026, at ₹89, delivering a 5.95% listing gain over the issue price of ₹84, with 4.95 times subscription.
Atharva Polyplast
Atharva Polyplast manufactures plastic pipes, fittings, and polymer-based products used in agriculture, construction, and infrastructure projects. The stock listed on July 7, 2026, at ₹69, providing a 15% premium over the issue price of ₹60 after attracting 10.74 times subscription.
Seemax Resources
Seemax Resources operates in the mining, trading, and supply of natural resources and industrial raw materials. The shares debuted on July 7, 2026, at ₹107.20, a 23.97% discount to the issue price of ₹141, despite receiving 3.62 times subscription. The company serves customers across infrastructure and manufacturing industries.
Teja Engineering Industries
Teja Engineering Industries manufactures engineering components and industrial equipment used across infrastructure and manufacturing sectors. The stock listed on July 7, 2026, at ₹418, delivering an impressive 90% listing gain over the issue price of ₹220 after being subscribed 1.37 times.
Vinit Mobile
Vinit Mobile distributes smartphones, mobile accessories, and consumer electronics through a wide dealer and retail network across India. The company focuses on branded mobile products. The shares debuted on July 7, 2026, at ₹155, a 1.90% discount to the issue price of ₹158, after receiving 1.62 times subscription.
IC Electricals
IC Electricals manufactures electrical equipment and power distribution products for commercial, industrial, and infrastructure projects. The company witnessed massive investor participation during its IPO. The stock listed on July 10, 2026, at ₹166, delivering a 67.68% premium over the issue price of ₹99 after receiving 420.09 times subscription.
Devson Catalyst
Devson Catalyst manufactures specialty chemicals and catalyst products used in petrochemical, refinery, and industrial processes. The company serves customers across multiple industries. The IPO debuted on July 16, 2026, at ₹196.15, offering a 66.23% listing gain over the issue price of ₹118 after receiving 220.35 times subscription.
Happy Steels
Happy Steels manufactures steel products used in construction, engineering, and industrial applications. The company supplies products to infrastructure and fabrication businesses across India. The stock listed on July 16, 2026, at ₹68, delivering a modest 3.03% premium over the issue price of ₹66 after being subscribed 77.81 times.
Millworks Technologies
Millworks Technologies provides industrial engineering and technology solutions for manufacturing businesses. The company develops products that improve operational efficiency across industries. The IPO was listed on July 21, 2026, at ₹628.90, delivering an outstanding 90% premium over the issue price of ₹331 after receiving 219.54 times subscription.
Sotefin Bharat
Sotefin Bharat manufactures engineered industrial equipment and specialised products for infrastructure and manufacturing sectors. The company continues to expand its product portfolio and customer base. The shares debuted on July 23, 2026, at ₹205, providing a 9.63% premium over the issue price of ₹187, with 3.99 times subscription.
Gulf Lloyds (India)
Gulf Lloyds (India) provides engineering, procurement, project management, and infrastructure services across multiple industrial sectors. The company listed on July 27, 2026, at ₹100, exactly matching its issue price.
Metallic Technoforge
Metallic Technoforge manufactures forged and precision-machined components used in the automotive, engineering, and industrial sectors. The company exports products to domestic and international customers. The stock debuted on July 28, 2026, at ₹87, delivering a 12.99% premium over the issue price of ₹77 after receiving 8.47 times subscription.
Shree Balaji Mala Textiles
Shree Balaji Mala Textiles manufactures yarn, fabrics, and textile products for domestic and export markets. The company witnessed strong investor demand during its IPO. The shares listed on July 29, 2026, at ₹126.35, delivering a remarkable 80.50% listing gain over the issue price of ₹70 after receiving 200.34 times subscription.
Silverstorm Parks & Resorts
Silverstorm Parks & Resorts develops and operates hospitality, tourism, and leisure destinations. The company focuses on offering premium resort experiences to travellers. The IPO listed on July 31, 2026, at ₹132.90, almost matching its issue price of ₹133, after receiving 1.91 times subscription.
Final thoughts
July 2026 turned out to be a good month for IPO investors, though not every listing delivered strong returns. Mainboard IPOs such as Advit Jewels, Kusumgar, and Caliber Mining & Logistics rewarded investors with healthy listing gains
SME segment remained the biggest attraction with companies like Teja Engineering Industries, Millworks Technologies, and Shree Balaji Mala Textiles. Overall, investor interest stayed strong throughout the month, with many issues receiving healthy subscriptions and several stocks making an impressive market debut.
