Nifty IPO Index Jumps 34% In FY27; July-August Fundraising Crosses Rs 45,000 Crore

India’s primary market has picked up pace sharply after a subdued first half of 2026, with both IPO fundraising and listing activity gaining momentum in July and August. The Nifty IPO Index has also rallied more than 34% in FY27 so far, signalling stronger demand for recently listed stocks.

The first six months of 2026 saw only 28 mainboard IPOs raise around Rs 20,000 crore. Activity picked up significantly in July and August, with more than 40 IPOs hitting the market and mainboard fundraising crossing Rs 45,000 crore. August alone saw nearly 18 listings.

The improvement in the primary market has also been reflected in the performance of listed IPO stocks. The Nifty IPO Index gained more than 5% in August and is up over 34% in FY27 so far. The index tracks stocks after they complete 30 days of listing and follows them for up to two years.

Of the 127 stocks currently part of the index, 71 are trading above their issue prices, while 56 are in negative territory.

12 IPO stocks turn multibaggers

The rally in recently listed stocks has produced several standout performers, with 12 stocks now trading at more than double their IPO issue prices.

Aditya Infotech has emerged as the top performer, gaining 407% from its issue price of Rs 675. The stock listed at Rs 1,018 in August 2025 and has since climbed above Rs 3,400.

Rubicon Research is next with a 266% gain from its issue price of Rs 485, while Omnitech Engineering has advanced 162% from Rs 227. KSH International and GNG Electronics have each gained around 155% from their respective issue prices.

Shreeji Shipping Global has risen 152%, while Atlanta Electricals has gained 141%. Sedemac Mechatronics is up 133%, Shadowfax Technologies 110% and Aequs 107%.

CORONA Remedies and Fujiyama Power Systems have also more than doubled from their IPO issue prices, with both stocks gaining around 102%.

Dhoot Transmission leads August gainers

Among the more recent listings, Dhoot Transmission emerged as the biggest gainer in August. The auto ancillary company listed on August 17 and gained more than 36% on debut. It extended those gains through the month, rising more than 66% in August.

The stock was issued at Rs 871 and currently trades at around Rs 1,451 on the NSE, giving investors a return of about 67% in less than 20 days.

Xtranet Technologies also gained momentum after a muted listing. The IT solutions provider raised Rs 167 crore through its July IPO and listed with a 1.2% gain. The stock has since risen to around Rs 187 against its issue price of Rs 127. It touched a fresh high of Rs 206 in August and gained more than 54% during the month.

Sudeep Pharma, which listed in November 2025, gained more than 40% in August after reporting strong Q1 FY27 results. The stock currently trades at around Rs 1,240, more than double its issue price of Rs 593. The company had raised Rs 895 crore through its IPO.

Milky Mist Dairy Food, which listed on August 18 after raising Rs 1,553 crore, gained more than 40% in August. The stock currently trades at around Rs 210, about 50% above its issue price of Rs 140. The gains came alongside a sharp increase in Q1 FY27 net profit, which rose to Rs 64 crore from Rs 6 crore a year earlier.

MV Electrosystems, which listed on August 6 after raising Rs 290 crore through a fresh issue, gained 44% in August. The stock currently trades at around Rs 713 on the NSE, up more than 67% from its issue price of Rs 425.

IPO market enters a stronger phase

The sharp increase in fundraising and listing activity in July and August marks a clear shift from the slower first half of the year. At the same time, strong post-listing gains in several stocks have added to the momentum in the IPO segment, with a number of recent issues delivering sizeable returns within a short period.

Also Read - September Lock-In Expiry: Shares Worth $2.3 Billion Set To Unlock