IPOs in March 2026: Listing Gains, GMP & Subscription
Monthly round-up
By IPO GMP Status desk · Updated 28 March 2026 · How we compile these figures
20 IPOs listed in March 2026 — 10 mainboard and 10 SME. The average listing gain was −2.4%, and 7 of 20 listed above their issue price. The best listing was Apsis Aerocom at +39.1%. The grey market's estimate was met or beaten in 10 of 20.
IPOs listed in March 2026
| IPO | Type | Listed | Issue price | Listing price | Listing gain | Subscribed | GMP estimate |
|---|---|---|---|---|---|---|---|
| Kiaasa Retail | SME | 2 Mar | ₹127 | ₹123 | −3.1% | 0.05x | ₹127 ✗ |
| Accord Transformer & Switchgear | SME | 2 Mar | ₹46 | ₹50 | +8.7% | 357.45x | ₹50 ✓ |
| Mobilise App Lab | SME | 2 Mar | ₹80 | ₹64.1 | −19.9% | 100.18x | ₹91 ✗ |
| Clean Max Enviro Energy Solutions | Mainboard | 2 Mar | ₹1,053 | ₹960 | −8.8% | 0.99x | ₹1,018 ✗ |
| Shree Ram Twistex | Mainboard | 2 Mar | ₹104 | ₹68 | −34.6% | 43.66x | ₹76 ✗ |
| PNGS Reva Diamond Jewellery | Mainboard | 4 Mar | ₹386 | ₹375 | −2.9% | 1.30x | ₹366 ✓ |
| Omnitech Engineering | Mainboard | 5 Mar | ₹227 | ₹202 | −11.0% | 1.20x | ₹227 ✗ |
| Yaap Digital | SME | 5 Mar | ₹145 | ₹127 | −12.4% | 4.33x | ₹145 ✗ |
| Striders Impex | SME | 6 Mar | ₹72 | ₹70 | −2.8% | 1.41x | ₹72 ✗ |
| SEDEMAC Mechatronics | Mainboard | 11 Mar | ₹1,352 | ₹1,535 | +13.5% | 2.68x | ₹1,352 ✓ |
| Elfin Agro India | SME | 12 Mar | ₹47 | ₹47.3 | +0.6% | 0.00x | ₹47 ✓ |
| Srinibas Pradhan Constructions | SME | 13 Mar | ₹98 | ₹100.05 | +2.1% | 1.19x | ₹98 ✓ |
| Raajmarg Infra InvIT | Mainboard | 18 Mar | ₹100 | ₹108 | +8.0% | 6.86x | ₹100 ✓ |
| Apsis Aerocom | SME | 18 Mar | ₹110 | ₹153 | +39.1% | 0.00x | ₹136 ✓ |
| Innovision | Mainboard | 20 Mar | ₹548 | ₹467.7 | −14.7% | 3.46x | ₹548 ✗ |
| Rajputana Stainless | Mainboard | 20 Mar | ₹122 | ₹114.19 | −6.4% | 1.12x | ₹125 ✗ |
| GSP Crop Science | Mainboard | 24 Mar | ₹320 | ₹328 | +2.5% | 1.64x | ₹322 ✓ |
| Novus Loyalty | SME | 25 Mar | ₹146 | ₹146 | +0.0% | 1.63x | ₹146 ✓ |
| Speciality Medicines | SME | 30 Mar | ₹124 | ₹124 | +0.0% | 2.33x | ₹124 ✓ |
| Central Mine Planning | Mainboard | 30 Mar | ₹172 | ₹160 | −7.0% | 1.05x | ₹177 ✗ |
✓ the listing price met or beat the grey market's estimate; ✗ it fell short.
← February 2026 · April 2026 →
Every listing since the tracker began is on the IPO performance page. GMP is an unofficial estimate, not a promise; see the disclaimer.