Meru Investment Fund: SME IPO Anchor Investments
Meru Investment Fund in mainboard IPOs (22 anchored)
IPOs anchored
68
2026 latest
Amount invested
INR 179.31 crore
at the anchor price
Median gain at open
+51.73%
listing day, vs issue price
Opened above issue price
86.76%
share of these IPOs
At 30-day unlock
+49.41%
median, 68 IPOs
At 90-day unlock
+56.34%
median, 67 IPOs
Vs same-year IPOs
+30.77
percentage points; median gap at open
All 68 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 |
|---|---|---|---|---|---|---|---|---|
| Credent Connect | 20 August 2026 | 3.01 | 11.32% | 1 | +90% | +99.50% | +76.19% | – |
| Poojaa Precision | 4 August 2026 | 4.01 | 8.88% | 1 | +56.15% | +63.95% | +106.91% | +229.47% |
| Devson Catalyst | 16 July 2026 | 1.50 | 12.71% | 1 | +66.23% | +74.53% | +104.58% | +243.56% |
| Avience Biomedicals | 25 June 2026 | 2.51 | 29.43% | 1 | +90% | +99.50% | +20.77% | +57.07% |
| Merritronix | 8 June 2026 | 5.39 | 27.10% | 1 | +90% | +99.50% | +165.77% | +108.29% |
| Q Line Biotech | 29 May 2026 | 3 | 4.92% | 1 | +31.78% | +38.37% | +59.33% | +61.43% |
| Adisoft Technologies | 30 April 2026 | 2.82 | 13.38% | 1 | +19.19% | +25.15% | +31.60% | +2.97% |
| Yaap Digital | 5 March 2026 | 5.39 | 23.65% | 1 | -12.41% | -8.03% | -3.55% | +41.34% |
| E to E Transportation Infrastructure | 2 January 2026 | 2 | 8.36% | 1 | +90% | +88.39% | +17.56% | +5.60% |
| Bai Kakaji Polymers | 31 December 2025 | 3.50 | 11.72% | 1 | +2.15% | +1.18% | +9.41% | -5.38% |
| Shyam Dhani | 30 December 2025 | 1.90 | 17.44% | 1 | +90% | +99.50% | +24.07% | -25.43% |
| KV Toys India | 15 December 2025 | 1 | 8.97% | 1 | +33.89% | +40.59% | +40.71% | +2.49% |
| Flywings Simulator Training Centre | 12 December 2025 | 1.91 | 11.79% | 1 | +2.09% | +7.20% | +11.26% | -7.38% |
| Infinity Infoway | 8 October 2025 | 1.02 | 16.08% | 1 | +90% | +99.48% | +139.03% | +160% |
| Chatterbox Technologies | 3 October 2025 | 2.99 | 24.58% | 1 | +17.39% | +12.17% | +13.35% | -31.70% |
| Systematic Industries | 1 October 2025 | 2.50 | 7.61% | 1 | -0.62% | +0.74% | +4.44% | -4.33% |
| Matrix Geo | 30 September 2025 | 1.01 | 8.91% | 1 | -0.10% | -4.66% | -3.27% | +0.10% |
| JD Cables | 25 September 2025 | 1.40 | 5.17% | 1 | +5.26% | +3.88% | 0% | +10% |
| Goel Construction | 9 September 2025 | 3.57 | 12.77% | 1 | +15.02% | +20.76% | +15.93% | +17.30% |
| Current Infraprojects | 3 September 2025 | 2.48 | 21.37% | 1 | +90% | +90.94% | +72.50% | +79.06% |
| Shivashrit Foods | 1 September 2025 | 2 | 10.05% | 1 | +4.58% | -0.39% | -9.44% | -2.99% |
| Cash Ur Drive Marketing | 7 August 2025 | 1 | 5.82% | 1 | +19.23% | +21.12% | +11.77% | +8% |
| Patel Chem Specialities | 1 August 2025 | 3.02 | 18.12% | 1 | +30.95% | +24.40% | +11.26% | +8.20% |
| Adcounty Media | 4 July 2025 | 1.01 | 7.02% | 1 | +52.94% | +60.59% | +38.65% | +200.71% |
| Shri Hare-Krishna Sponge Iron | 1 July 2025 | 1.22 | 14.31% | 1 | +9.83% | +9.41% | +10.25% | +7.29% |
| Safe Enterprises | 27 June 2025 | 1.01 | 2.09% | 1 | +9.42% | +14.89% | +62.50% | +56.34% |
| Monolithisch India | 19 June 2025 | 4.99 | 21.37% | 1 | +61.92% | +70% | +193.50% | +221.43% |
| Unified DataTech Solutions | 29 May 2025 | 3.51 | 8.52% | 1 | +4.40% | +9.62% | +17.93% | +24.80% |
| RoyalArc Electrodes | 24 February 2025 | 3.01 | 29.86% | 1 | 0% | +1.08% | +7.25% | +40.83% |
| Readymix Construction | 13 February 2025 | 1.01 | 9.41% | 1 | 0% | -5% | -33.25% | -34.96% |
| BR Goyal Infrastructure | 14 January 2025 | 1.50 | 6.22% | 1 | +0.56% | +5.56% | -18.44% | -18.89% |
| Purple United Sales | 18 December 2024 | 1.30 | 13.90% | 1 | +57.94% | +65.83% | +29.48% | -0.20% |
| Danish Power | 29 October 2024 | 5 | 9% | 1 | +50% | +57.50% | +140.67% | +154.05% |
| Subam Papers | 8 October 2024 | 3.98 | 14.89% | 1 | -6.58% | -1.91% | -21.22% | -2.89% |
| Sahasra Electronics | 4 October 2024 | 5 | 9.43% | 1 | +90% | +99.49% | +166.71% | +88.37% |
| Divyadhan Recycling | 4 October 2024 | 1.92 | 28.04% | 1 | +31.25% | +37.81% | +28.91% | +12.81% |
| Share Samadhan | 16 September 2024 | 1.49 | 21.84% | 1 | -1.28% | +1.18% | -15.54% | -18.24% |
| Vision Infra | 13 September 2024 | 4 | 13.25% | 1 | +25.77% | +32.06% | +0.25% | +13.16% |
| Namo eWaste | 11 September 2024 | 1.01 | 6.90% | 1 | +90% | +99.47% | +108.76% | +137.94% |
| BracePort Logistics | 26 August 2024 | 1.27 | 29.46% | 1 | +90% | +99.50% | +32.75% | +36.25% |
| Rajputana Industries | 6 August 2024 | 1 | 16.39% | 1 | +90% | +99.47% | +133.55% | +126.32% |
| Ganesh Green Bharat | 12 July 2024 | 2.45 | 6.94% | 1 | +90% | +99.50% | +134.34% | +91.11% |
| Aimtron Electronics | 6 June 2024 | 4.93 | 19.95% | 1 | +49.69% | +57.17% | +311.96% | +208.04% |
| Vilas Transcore | 3 June 2024 | 5.51 | 20.33% | 1 | +46.26% | +53.57% | +261.02% | +196.33% |
| Premier Roadlines | 17 May 2024 | 2.01 | 17.50% | 1 | +29.85% | +36.34% | +93.43% | +85.67% |
| Energy Mission Machineries | 16 May 2024 | 3.51 | 29.92% | 1 | +165.22% | +178.44% | +147.83% | +162.39% |
| Amkay Products | 8 May 2024 | 1.32 | 36.92% | 1 | +90% | +99.49% | +14.51% | +31.82% |
| Aspire & Innovative Advertising | 3 April 2024 | 1.16 | 18.51% | 1 | +4.63% | +9.81% | +55.46% | +89.35% |
| Signoria Creation | 19 March 2024 | 1.04 | 50% | 1 | +101.54% | +111.62% | +153.85% | +92.31% |
| Sona Machinery | 13 March 2024 | 3 | 20.35% | 1 | -12.59% | -8.22% | -3.50% | +4.55% |
| Purv Flexipack | 5 March 2024 | 6 | 55.70% | 1 | +266.20% | +247.89% | +208.59% | +188.73% |
| Zenith Drugs | 27 February 2024 | 2.98 | 29.32% | 1 | +39.24% | +33.10% | -14.37% | -17.47% |
| Interiors & More | 23 February 2024 | 2.98 | 24.97% | 1 | +18.94% | +24.89% | +13.66% | +25.11% |
| Megatherm Induction | 5 February 2024 | 3.11 | 20.25% | 1 | +83.33% | +92.50% | +217.04% | +183.61% |
| Delaplex | 2 February 2024 | 1.38 | 10.54% | 1 | +60.94% | +68.98% | +43.36% | +27.08% |
| Addictive Learning Technology | 30 January 2024 | 2 | 12% | 1 | +121.43% | +110.36% | +136.68% | +105.71% |
| New Swan Multitech | 18 January 2024 | 1.33 | 14.15% | 1 | +90% | +99.50% | +56.82% | +16.67% |
| Shri Balaji Valve | 3 January 2024 | 1.55 | 25.24% | 1 | +90% | +99.50% | +139.70% | +61.10% |
| Accent Microcell | 15 December 2023 | 10.01 | 44.80% | 1 | +114.29% | +125% | +129.43% | +75.93% |
| AMIC Forging | 6 December 2023 | 3.89 | 39.31% | 1 | +90% | +99.48% | +235.79% | +505.16% |
| Deepak Chemtex | 6 December 2023 | 1.75 | 26.81% | 1 | +90% | +99.50% | +33.81% | +14.39% |
| Paragon Fine | 3 November 2023 | 1.50 | 10.20% | 1 | +125% | +113.75% | +86.20% | +57.70% |
| Goyal Salt | 11 October 2023 | 2.49 | 49.66% | 1 | +242.11% | +258.16% | +318.68% | +318.68% |
| E Factor Experiences | 9 October 2023 | 1.68 | 22.76% | 1 | +53.33% | +61% | +98.80% | +100.93% |
| Saakshi Medtech | 3 October 2023 | 2 | 15.58% | 1 | +50.52% | +58.04% | +190.88% | +126.80% |
| Cellecor Gadgets | 28 September 2023 | 3.80 | 26.26% | 1 | 0% | +5% | +103.42% | +214.35% |
| Madhusudan Masala | 26 September 2023 | 1.72 | 25.47% | 1 | +71.43% | +62.86% | +68.57% | +69.93% |
| Kaka Industries | 19 July 2023 | 2.01 | 33.33% | 1 | +90% | +99.50% | +180.86% | +218.62% |
"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
- MERU INVESTMENT FUND PCC-CELL 1 (67)
- Meru Investment Fund PCC- Cell I (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.