The primary market continued to show signs of cooling on March 24, 2026, with several recently listed companies trading significantly below their issue prices. Investor caution, selective buying, and broader market volatility have led to muted or negative post-listing performance for many new issues.
Key Underperformers (as on 24 March 2026):
| Company Name | Symbol | Issue Price | Listing Day Close | Listing Gain/Loss % | Current LTP | Overall Gain/Loss % |
|---|---|---|---|---|---|---|
| Innovision Limited | INNOVISION | 519.00 | 374.20 | -27.90% | 359.00 | -30.83% |
| Shree Ram Twistex Limited | SRTL | 104.00 | 71.40 | -31.35% | 44.19 | -57.51% |
| Clean Max Enviro Energy Solutions | CLEANMAX | 1,053.00 | 867.50 | -17.62% | 839.00 | -20.32% |
| Victory Electric Vehicles Intl. | VICTORYEV | 41.00 | 32.75 | -20.12% | 14.00 | -65.85% |
| Brandman Retail Limited | BRANDMAN | 176.00 | 192.15 | +9.18% | 135.00 | -23.30% |
| C K K Retail Mart Limited | CKKRETAIL | 163.00 | 171.15 | +5.00% | 119.15 | -26.90% |
| Studio LSD Limited | STUDIOLSD | 54.00 | 41.05 | -23.98% | 9.65 | -82.13% |
| Shri Kanha Stainless Limited | SHRIKANHA | 90.00 | 83.60 | -7.11% | 19.00 | -78.89% |
Key Highlights:
- Innovision Limited (listed 23 Mar) remained the biggest loser, trading nearly 31% below its issue price.
- Shree Ram Twistex and Victory Electric saw severe erosion, with losses exceeding 57% and 65% respectively from their issue prices.
- Even some stocks that listed at a premium, such as Brandman Retail and CKK Retail, have now slipped into double-digit losses.
- Many SME and mainboard IPOs from February–March 2026 are trading 15–50% below their issue prices, indicating weak post-listing momentum.
The data reflects a cautious investor stance towards new listings, with only a few issues holding above their issue price. Broader market conditions and profit booking appear to be weighing on recently listed companies.
