Atotal of five initial public offerings (IPOs) have been listed on the stock exchanges in the financial year 2026-27. They include Sai Parenteral’s, Powerica, Om Power Transmission, Amir Chand Jagdish Kumar (Exports) and OnEMI Technology Solutions.
Four of these issues are trading above their IPO issue price, while one is underperforming.
Sai Parenteral’s IPO
The stock has climbed 20.72% to ₹473.25 from the issue price of ₹392 per equity share. It was listed at a premium of 2% on April 2.
The ₹408.79 crore initial share sale was a mix of fresh issuance of shares valued at ₹285 crore and an offer for sale (OFS) of ₹123.79 crore.
The IPO was subscribed 1.05 times, as it got bids for 78,80,972 shares compared 75,22,486 shares on offer.
Sai Parenteral’s Ltd is a diversified pharmaceutical formulations firm with capabilities in research and development and manufacturing. It is engaged in the business of CDMO (contract development and manufacturing organisation) products and branded generic formulations for the domestic as well as international markets.
Amir Chand Jagdish Kumar IPO
Shares of basmati rice exporter Amir Chand Jagdish Kumar listed with a discount of 5.66% at ₹200 per unit against the issue price of ₹212 on April 2. As of 12:30 pm on May 19, it was trading at ₹127.54 apiece, down 39.83% from the issue price.
The ₹440 crore issue was only a fresh issuance of 2.08 crore equity shares, with no OFS component.
The offer was subscribed 3.23 times, with bids for 6,10,40,560 equity shares compared to 1,89,05,270 shares on offer.
Amir Chand Jagdish Kumar (Exports) Ltd is into processing and exporting basmati rice and other fast-moving consumer goods products in India.
OnEMI Technology Solutions IPO
Shares of Kissht operator OnEMI Technology Solutions were trading 29.69% higher at ₹221.78 apiece from the issue price of ₹171.
The initial public offering was subscribed 9.50 times. It received bids for 37,76,71,176 equity shares as against 3,97,62,250 shares on offer.
The ₹925.92 crore IPO was a fresh issue of shares aggregating to ₹850 crore and an OFS of ₹75.92 crore by existing shareholders.
OnEMI Technology Solutions Ltd operates under the brand names Ring and Kissht. The company is engaged in offering digital credit solutions to young consumers in the mass market segment.
How IPOs listed in FY27 are performing
| Company name | Listing date | Issue price | Current price | Change* |
|---|---|---|---|---|
| Sai Parenteral’s IPO | April 2 | ₹392 | ₹473.25 | 20.72% |
| Powerica IPO | April 2 | ₹395 | ₹541.20 | 37.01% |
| Amir Chand Jagdish Kumar IPO | April 2 | ₹212 | ₹127.54 | -39.83% |
| Om Power Transmission IPO | April 17 | ₹175 | ₹184.73 | 5.56% |
| OnEMI Technology Solutions IPO | May 8 | ₹171 | ₹221.78 | 29.69% |