Which app shows IPO listing gains in India in 2026?

Quick Answer: Multibagg's IPO page shows IPO listing gains for recently closed issues, alongside dates, price bands and lot sizes. Every app draws on the issue price and listing-day prices that NSE and BSE publish. An IPO listing gain is the percentage move from the issue price to the listing-day price.

Simple arithmetic sits behind a listing gain. The inputs are what matter, because which price counts, which exchange, and whether a figure is an official trade or a grey-market guess all change the number you see.

Below we cover where listing-gain data in India comes from, how it is calculated, how the listing-day price is discovered, and how the gain is taxed. Every figure is historical. Every market figure comes from NSE and BSE records for listings on 16 and 17 Sep 2026.

What does Multibagg's IPO page show for listed issues?

Multibagg's IPO page shows a listing-gain percentage for recently closed issues, and the inputs behind any such figure are published by NSE and BSE. NSE's list of past IPO issues gives each issue price, and exchange bhavcopy files record listing-day opens and closes.

Upcoming, open and recently listed IPOs, mainboard and SME alike, are tracked on Multibagg's IPO page. Each closed-issue card shows the open, close and listing dates, issue size, price band, lot size and a listing-gain percentage. On 18 Sep 2026 the Rentomojo card read 18.81%. By our calculation, that matches BSE's opening price of ₹480.00 on 17 September 2026 against the ₹404 issue price, while NSE's open of ₹482.45 gives 19.42%.

Grey-market fields also appear on the page for open issues. Those are unofficial, off-exchange quotes, not listing gains. This article leaves them out. For the pre-listing chatter around one recent issue, see our piece on Rentomojo's listing-price discussion.

Groww, Zerodha and Moneycontrol, among other broker apps and finance portals, also carry IPO sections. Whichever app you use, its figure should reconcile with the exchange's own open and close for the listing date; where it does not, check which exchange and which price the app used.

What are IPO listing gains?

An IPO listing gain is the percentage difference between the issue price and the share's price on its first trading day. Take Karamtara Engineering Limited, which on 17 Sep 2026 opened at ₹320.00 on NSE against a ₹254 issue price, a 25.98% gain at the open.

It can go the other way. Prasol Chemicals Limited, issued at ₹676, opened at ₹610.00 on NSE on 16 Sep 2026, a listing loss of 9.76%, while Manipal Payment and Identity Solutions Limited opened at ₹330.00 on 17 Sep 2026, 2.65% below its ₹339 issue price.

Until shares are sold, a listing gain is only a paper figure. Allotted investors receive shares in their demat accounts before listing day, a sequence explained in our note on refunds, demat credit and listing for Kanohar Electricals. What anyone actually realises depends on their own sale price, if they sell at all.

How are IPO listing gains calculated in India in 2026?

An IPO listing gain is calculated as (listing-day price − issue price) ÷ issue price × 100. For Rentomojo, (₹482.45 − ₹404) ÷ ₹404 × 100 gives 19.42% at the NSE open on 17 Sep 2026.

Which price you pick changes the answer. So the table shows the gain at both the open and the close for eight mainboard listings in India in September 2026.

Listing-day data, NSE (bhavcopy for 16 and 17 Sep 2026; issue price from NSE's past issues list). Percentages are our calculation.

For a rupee figure, multiply the price difference by the number of shares allotted, before costs. These are past figures. They are not a guide to any future listing.

Where does the listing-day price come from?

A special pre-open call auction from 9:00 am to 10:00 am, with the issue price as the base price, sets the listing-day open. SEBI introduced call auctions for IPO listings in a circular dated 20 Jan 2012.

According to NSE's special pre-open session rules, orders are entered from 9:00 am to 9:45 am, and the entry window shuts at a random moment between the 35th and 45th minute. Matching runs until 9:55 am. A buffer then runs to 10:00 am before normal trading. Only limit orders are accepted.

Equilibrium, in this auction, is the price level where the maximum volume can trade, and the exchange uses it as the day's open. If the auction finds no equilibrium price, the IPO security moves to the normal market at its issue price. Unmatched limit orders carry into normal trading at their limit price.

Because NSE and BSE each run their own auction, the two opens can differ: Rentomojo opened at ₹482.45 on NSE and ₹480.00 on BSE on 17 Sep 2026. The close is simply the day's closing price on that exchange. Once listed, the company appears in Multibagg's directory of listed stocks like any other company.

How are IPO listing gains taxed?

Selling listed IPO shares within 12 months gives rise to a short-term capital gain, taxed at 20% (plus surcharge and cess as applicable) on STT-paid equity.

In its guide to tax on the sale of shares, the Income Tax Department puts this under section 111A of the Income-tax Act, 1961, as amended by the Finance Act, 2026. That rate applies to transfers on or after 23 Jul 2024; before that, it was 15%. The Income-tax Act, 2025 replaced the 1961 Act from 1 April 2026, so check the corresponding provision under the new law when filing.

Your taxable gain is the sale value minus transfer expenses such as brokerage, minus the cost of acquisition, which for allotted IPO shares is the price paid. An app's listing-day percentage is not your taxable gain, because tax arises only when shares are sold and depends on the actual sale price. Stock-in-trade is not a capital asset, the same page notes, so shares held as business stock are taxed as business income.

Where can you check IPO listing gain history?

NSE's past issues list records each listing's final issue price, such as ₹254 for Karamtara Engineering Limited, listed on 17 Sep 2026. It also gives the price band, ₹241 to ₹254 in that case, and by our count the list held 1,443 entries on 18 Sep 2026, including mainboard, SME and debt issues as well as REITs and InvITs.

Prices for listing day itself sit in a separate record. Each exchange's daily bhavcopy file reports the open, high, low and close of every traded security for that date. Match the issue price with the bhavcopy for the listing date and any past listing gain can be rebuilt, which is how the table above was built.

Each issue's prospectus also carries the final issue price. For how one SME issue's dates, price band and lot size were set out before listing, see our note on the Maharaja & Speedex India SME IPO. To compare past listing-day data with dates, price bands and lot sizes in one view, open the IPO dashboard on Multibagg AI.

Disclaimer: This article is for educational and informational purposes only. Multibagg AI is not a SEBI-registered investment adviser or research analyst, and it does not provide investment, financial, legal or tax advice. Nothing here is a recommendation to buy, sell, hold or invest in any security. Market data is shown as of the dates stated and may have changed since. Please consult a SEBI-registered adviser before making any investment decision.