Four new companies are being added to the Nifty IPO Index as part of changes effective October 29, 2026. The changes will take effect after the market closes on October 28, 2026, and no companies have been removed from the index in this review.
Highlights
- NSE Indices Limited has decided to add Bonfiglioli Transmissions Ltd., Sahajanand Medical Technologies Ltd., Tonbo Imaging India Ltd. and Zetwerk Manufacturing Businesses Ltd. to the Nifty IPO Index.
- The changes will take effect on October 29, 2026, based on the closing level on October 28, 2026.
- No existing constituents have been removed, expanding the index's constituent base and increasing the market visibility of recently listed companies.
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Index review and effective date
As reported by NSE India, citing NSE Indices Limited, the Index Maintenance Sub-Committee, Equity, has decided to include Bonfiglioli Transmissions Ltd., Sahajanand Medical Technologies Ltd., Tonbo Imaging India Ltd. and Zetwerk Manufacturing Businesses Ltd. in the Nifty IPO Index. The changes will take effect on October 29, 2026, based on the closing level on October 28, 2026.The symbols of the companies being added are BONFIG, SMT, TONBO and ZETWERK, respectively. No existing constituents are being removed in this review cycle, making the changes entirely focused on additions.
Impact on capital markets and the IPO segment
The addition of new stocks to the Nifty IPO Index is considered significant for the market visibility and institutional tracking of recently listed companies. Such changes are generally relevant to investors who follow the performance of the IPO segment through index-based products or benchmarks.The addition of four companies at once also shows that newly listed companies from the primary market are now finding a place in the index framework. Since no companies have been removed, the impact of this review will be seen as an expansion of the index's constituent base.
Our previous report discussed the 'Idea to IPO' interactive workshop on SME IPOs held by NSE in Varanasi, which aimed to increase understanding of public capital markets among MSME entrepreneurs and finance professionals. The article also covered SME listing figures on the NSE Emerge platform and explained how such initiatives help small businesses raise capital, increase visibility and pursue structured growth.