The secondary market showed sharp appreciation for fresh issues, with 13 companies recording over 100% gains from their offer levels within the annual festive cycle. Engineering, software, and manufacturing counters paced the upward movement with multiple issues rising beyond 150%. Omnitech Engineering posted the highest expansion after raising Rs 583 crore, while large offerings like the Rs 3,812.11 crore issue from INDO-MIM also gained over 155%.
Key points
Omnitech Engineering experienced a 224.02% surge specifically measured from its opening p…: Omnitech Engineering experienced a 224.02% surge specifically measured from its opening price recorded on listing day.
Four distinct firms including SEDEMAC Mechatronics, Corona Remedies, Shadowfax Technologi…: Four distinct firms including SEDEMAC Mechatronics, Corona Remedies, Shadowfax Technologies, and Xtranet Technologies posted gains clustered between 120% and 130%.
Additional multibaggers producing more than 100% returns over their original offer prices…: Additional multibaggers producing more than 100% returns over their original offer prices included Advit Jewels, Milky Mist Dairy Food, and Billionbrains Garage Ventures.
Sources checked by our analysis pipeline: 1
India's IPO market has delivered some big winners over the past year, with several newly listed companies more than doubling their issue prices. From the last Dhanteras in October 2025 to the latest festive season in November 2026, these 13 IPO stocks have generated returns of over 100% over their offer prices. Omnitech Engineering tops the list with a 192.62% gain, followed by ESDS Software Solution and KSH International, according to the Prime Database.
ETMarkets.com
2/14
Omnitech Engineering
Omnitech Engineering has emerged as the biggest gainer on this list, with shares surging 192.62% over their IPO issue price of Rs 227 to Rs 664.25 as of November 4, 2026. The company raised Rs 583 crore through its public issue, which opened on February 25, 2026, and listed on March 5. The stock opened at Rs 205 on listing day and is up 224.02% from its listing price.
ETMarkets.com
3/14
ESDS Software Solution
ESDS Software Solution has delivered a 178.29% return over its IPO issue price of Rs 429, with shares climbing to Rs 1,193.85. The company raised Rs 720 crore…
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Seisaku Kameda expects policymakers to combat persistent inflation fueled by expensive energy and currency weakness through steady quarterly tightening. The domestic economy is projected to withstand the escalating borrowing costs thanks to resilient corporate profits and upcoming tax relief on food purchases.
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