Minerva Ventures Fund: SME IPO Anchor Investments
IPOs anchored
17
2026 latest
Amount invested
INR 29.84 crore
at the anchor price
Median gain at open
+9.63%
listing day, vs issue price
Opened above issue price
76.47%
share of these IPOs
At 30-day unlock
+11.77%
median, 17 IPOs
At 90-day unlock
+8%
median, 15 IPOs
Vs same-year IPOs
+8.18
percentage points; median gap at open
All 17 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 |
|---|---|---|---|---|---|---|---|---|
| Vivekanand Cotspin | 28 September 2026 | 3.16 | 50.26% | 1 | +2.70% | +7.84% | +10.81% | – |
| Raksan Transformers | 18 September 2026 | 1.51 | 3.52% | 1 | 0% | +4.98% | -2.62% | – |
| Sotefin Bharat | 23 July 2026 | 1.01 | 3.95% | 1 | +9.63% | +15.11% | +33.34% | +26.02% |
| Fractal Industries | 24 February 2026 | 3.51 | 25.21% | 1 | +6.02% | +0.72% | +0.42% | -3.24% |
| Gallard Steel | 26 November 2025 | 2.01 | 18.90% | 1 | +48.73% | +56.17% | +40% | +7.23% |
| SK Minerals | 17 October 2025 | 2.01 | 17.12% | 1 | +14.17% | +19.88% | +9.25% | +6.61% |
| NIS Management | 2 September 2025 | 1.01 | 6.06% | 1 | -2.70% | -7.57% | -33.92% | -21.17% |
| Shivashrit Foods | 1 September 2025 | 1.04 | 5.20% | 1 | +4.58% | -0.39% | -9.44% | -2.99% |
| Anondita Medicare | 1 September 2025 | 2 | 10.22% | 1 | +90% | +99.48% | +155.28% | +328.66% |
| Cash Ur Drive Marketing | 7 August 2025 | 1 | 5.82% | 1 | +19.23% | +21.12% | +11.77% | +8% |
| Asston Pharmaceuticals | 16 July 2025 | 2 | 25.67% | 1 | -3.25% | +1.59% | -11.30% | -22.76% |
| Malpani Pipes | 4 February 2025 | 1.02 | 14.20% | 1 | -4.56% | -6.62% | -29.72% | -22.78% |
| HVAX Technologies | 7 October 2024 | 2.95 | 31.16% | 1 | +6.11% | +7.06% | +26.35% | +45.20% |
| Positron Energy | 20 August 2024 | 1 | 6.89% | 1 | +90% | +99.50% | +77.62% | +33.62% |
| Petro Carbon and Chemicals | 2 July 2024 | 1.01 | 3.19% | 1 | +75.44% | +84.21% | +84.30% | +55.56% |
| Winsol Engineers | 14 May 2024 | 1.58 | 23.91% | 1 | +386.67% | +411% | +359.87% | +382.67% |
| Pentagon Rubber | 7 July 2023 | 2 | 43.60% | 1 | +85.71% | +76.43% | +65.79% | +71.43% |
"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
- Minerva Ventures Fund (16)
- MINERVA VENTURES FUND LIMITED (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.