August 2026 IPO Results: Tempsens Gave 111% Listing Gain, 5 Stocks Now Below Issue Price

August 2026 was one of the busiest months for IPO listings this year. 18 Mainboard IPOs listed across healthcare, jewellery, logistics, engineering, energy, financial services and technology sectors."

Tempsens Instruments topped the list with a 111.33% listing gain. Behari Lal Engineering followed at 63.16% and Dhoot Transmission at 37.77%. On the other side, five stocks are now trading below their issue price, including LEAP India, Horizon Industrial Parks and Ardee Industries."

Milky Mist Dairy Food, Dhoot Transmission and Technocraft Ventures held their gains well after listing. Here is how all 18 IPOs have performed.

Tempsens Instruments recorded the best performance during the month, hitting an opening price of ₹634 as compared to its ₹300 issue price, resulting in a rise of 111.33%. Although it fell afterward, the stock is still up 84.9% from its issue price.

At the other end, Horizon Industrial Parks and LEAP India were trading below their issue prices as of September 4.

Tempsens Instruments (India) recorded the strongest listing performance among the August 2026 Mainboard IPOs, listing at ₹634 against an issue price of ₹300, translating into a 111.33% gain. It was followed by: Behari Lal Engineering at 63.16%, Dhoot Transmission at 37.77%, Shiprocket at 35.05%, Technocraft Ventures at 33.96% and Lalithaa Jewellery Mart at 31.84%.

The strong listing gains indicate significant investor demand around several August IPOs. However, listing performance alone does not necessarily indicate how a stock will perform over the following weeks.

The post-listing picture is different from the initial listing-day performance.

As of September 4, Milky Mist Dairy Food had gained 62.45% over its issue price, making it the strongest performer among the August IPOs covered in the table. Other performers included:

Not all August IPOs were able to sustain their listing gains.

Tempsens Instruments listed at 111.33% gain but dropped 12.49% from its listing price to ₹554.80 by September 4. Even so, the stock remains 84.93% above its issue price. Even then, the stock is well above its issue price. Other stocks trading below their issue prices are:

In terms of issue size, Manipal Health Enterprises was the largest IPO among the companies listed in August, with an issue size of ₹9,275 crore.

It was followed by:

Despite being the largest issue, Manipal Health Enterprises had a relatively modest 3.27x subscription, compared with the much higher subscription levels recorded by several smaller offerings.

Investor demand varied considerably across the August IPOs.

Tempsens Instruments received the highest subscription at 184.22x, followed by Ardee Industries at 138.83x, Augmont Enterprises at 111.18x., MV Electrosystems at 109.59x, Behari Lal Engineering at 108.51x, Sunshine Pictures at 105.81x and Shiprocket at 102.28x.

At the other end, Horizon Industrial Parks was subscribed 1.52x, while Manipal Health Enterprises received 3.27x subscription.

High subscription can indicate strong demand during the IPO, but it should not be treated as an indicator of future stock performance.

The performance of August 2026 IPOs shows why an IPO should not be evaluated solely on its listing-day gain or subscription multiple. Once a company lists, its share price begins responding to earnings expectations, valuations, business execution, broader market conditions and investor sentiment.

Investors reviewing these recently listed stocks should therefore consider the company's business model, growth drivers, financial performance, valuation and post-listing risks before making an investment decision.

The CMP figures in this article are a snapshot as of September 4, 2026, and can change with market movements.

Ans. Tempsens Instruments (India) Ltd. recorded the highest listing gain among the August 2026 Mainboard IPOs, rising 111.33% over its issue price on listing.

Ans. Milky Mist Dairy Food Ltd. was trading 62.45% above its issue price as of September 4, 2026, the highest gain among the IPOs covered in the table.

Ans. Manipal Health Enterprises Ltd. was the largest August 2026 Mainboard IPO by issue size, at ₹9,275 crore.

Ans. Tempsens Instruments (India) Ltd. received the highest subscription at 184.22x.

Ans. No. Several IPOs were trading below their issue prices as of September 4, including Ardee Industries, Gaja Alternative Asset Management, LEAP India, and Horizon Industrial Parks.