India Max Investment Fund: SME IPO Anchor Investments
IPOs anchored
35
2026 latest
Amount invested
INR 102.29 crore
at the anchor price
Median gain at open
+19.54%
listing day, vs issue price
Opened above issue price
88.57%
share of these IPOs
At 30-day unlock
+46.80%
median, 33 IPOs
At 90-day unlock
+58.72%
median, 28 IPOs
Vs same-year IPOs
+11.23
percentage points; median gap at open
All 35 SME IPOs Anchored
| IPO | Listed | Invested (INR crore) | Share of anchor book | Schemes | Gain at open | Gain at close | At 30-day unlock | At 90-day unlock |
|---|---|---|---|---|---|---|---|---|
| Shellz India | 23 October 2026 | 5.01 | 30.95% | 1 | 0% | -5% | – | – |
| Vans Electroengineerings | 7 October 2026 | 3 | 31.64% | 1 | +90% | +99.49% | – | – |
| Kheria Autocomp | 24 September 2026 | 1.03 | 7.78% | 1 | +3.86% | +2.03% | +0.20% | – |
| Raksan Transformers | 18 September 2026 | 1.97 | 4.59% | 1 | 0% | +4.98% | -2.62% | – |
| Shanti Inorganics | 7 September 2026 | 5.01 | 37.25% | 1 | +90% | +99.46% | +102.47% | – |
| Anawil Wire | 10 August 2026 | 3.51 | 6.93% | 1 | +22.09% | +28.19% | +46.80% | – |
| Poojaa Precision | 4 August 2026 | 3.01 | 6.67% | 1 | +56.15% | +63.95% | +106.91% | +229.47% |
| Devson Catalyst | 16 July 2026 | 3.75 | 31.77% | 1 | +66.23% | +74.53% | +104.58% | +243.56% |
| Clay Craft | 24 June 2026 | 1.01 | 3.23% | 1 | +3.94% | +9.14% | -25.37% | -19.53% |
| Q Line Biotech | 29 May 2026 | 4.91 | 8.04% | 1 | +31.78% | +38.37% | +59.33% | +61.43% |
| Vivid Electromech | 7 April 2026 | 5.01 | 13.49% | 1 | +1.80% | +1.45% | +32.23% | +132.29% |
| Brandman Retail | 11 February 2026 | 4.01 | 16.38% | 1 | +3.98% | +9.18% | -13.52% | +11.08% |
| E to E Transportation Infrastructure | 2 January 2026 | 1.25 | 5.23% | 1 | +90% | +88.39% | +17.56% | +5.60% |
| Dhara Rail Projects | 31 December 2025 | 3.01 | 21.09% | 1 | +19.05% | +25% | -2.38% | -28.53% |
| Bai Kakaji Polymers | 31 December 2025 | 2.01 | 6.72% | 1 | +2.15% | +1.18% | +9.41% | -5.38% |
| Zelio E-Mobility | 8 October 2025 | 6.73 | 30.20% | 1 | +13.90% | +19.56% | +159.38% | +197.35% |
| Prime Cable Industries | 29 September 2025 | 1.35 | 11.89% | 1 | -2.41% | -5.66% | +21.14% | +6.02% |
| LT Elevator | 19 September 2025 | 2.25 | 20.04% | 1 | +74.49% | +83.21% | +78.21% | +129.10% |
| Parth Electricals & Engineering | 11 August 2025 | 6.99 | 50.64% | 1 | +2.35% | +7.47% | +59.94% | +56.15% |
| Safe Enterprises | 27 June 2025 | 1.50 | 3.11% | 1 | +9.42% | +14.89% | +62.50% | +56.34% |
| Monolithisch India | 19 June 2025 | 3 | 12.86% | 1 | +61.92% | +70% | +193.50% | +221.43% |
| Unified DataTech Solutions | 29 May 2025 | 1 | 2.44% | 1 | +4.40% | +9.62% | +17.93% | +24.80% |
| Grand Continent Hotels | 27 March 2025 | 5 | 23.64% | 1 | -0.09% | -5.09% | +24.29% | +37.17% |
| Solarium Green Energy | 13 February 2025 | 6.70 | 22.46% | 1 | +5.76% | +10.94% | +18.93% | +50.16% |
| HM Electro Mech | 31 January 2025 | 3.80 | 48.18% | 1 | +8% | +2.72% | -20.89% | +5.31% |
| EMA Partners | 24 January 2025 | 2.01 | 9.28% | 1 | +26.21% | +19.92% | +0.36% | – |
| Aeron Composite | 4 September 2024 | 1 | 6.59% | 1 | +20% | +26% | +12.68% | +20.44% |
| Aspire & Innovative Advertising | 3 April 2024 | 1.26 | 20.24% | 1 | +4.63% | +9.81% | +55.46% | +89.35% |
| Esconet Technologies | 23 February 2024 | 2 | 25% | 1 | +245.24% | +227.98% | +127.38% | +165.30% |
| Alpex Solar | 15 February 2024 | 1.03 | 4.88% | 1 | +186.09% | +200.39% | +156.22% | +435.04% |
| Konstelec Engineers | 30 January 2024 | 1.12 | 13.72% | 1 | +200% | +215% | +232.79% | +155.57% |
| Shri Balaji Valve | 3 January 2024 | 1.01 | 16.44% | 1 | +90% | +99.50% | +139.70% | +61.10% |
| S J Logistics | 19 December 2023 | 2 | 14.65% | 1 | +40% | +47% | +75.20% | +114.20% |
| Greenchef Appliances | 6 July 2023 | 2.03 | 13.33% | 1 | +19.54% | +25.52% | +13.56% | +22.13% |
| Infollion Research | 8 June 2023 | 2.97 | 49.89% | 1 | +154.88% | +142.13% | +135.37% | +149.39% |
"At 30-day unlock" and "At 90-day unlock" compare the official close on the IPO's exchange (NSE or BSE) on the first trading day on or after allotment + 30 and + 90 days (the first day the shares can be sold) with the issue price. "–" means there is no figure: the date has not come yet, or the stock's price could not be found for that day.
Schemes and Entities Used
- INDIA MAX INVESTMENT FUND LIMITED (34)
- INDIA MAX INVESTMENT FUND LTD (1)
Mutual fund schemes are shown under their current name in AMFI's scheme list; other names are as printed in each IPO's anchor allocation letter to the exchanges. SME IPOs listed in 2023 to 2026 whose anchor allocation letter we could read and reconcile: 500 IPOs. See the methodology.