10 SME IPOs that have declined up to 82% in 2026. Do you have any in your portfolio?

This year has been tough for small and medium enterprises (SMEs) on the stock market, with ten IPOs facing significant downturns. UHM Vacation and Yajur Fibres notably struggled after their debuts, while Kiaasa Retail and Aritas Vinyl saw their stock values plummet. Similarly, Liotech Industries and QT Foods reported marked losses throughout the year. Armour Security and Fascinate Textiles stand out among the poorest performers in this challenging landscape.