BOB Capital Markets: IPO Track Record
Mainboard. Its IPOs opened a median 13.80 percentage points below same-year listings, the widest gap among mainboard lead managers with a page.
Listed IPOs
11
11 mainboard
Amount raised
INR 26,920.26 crore
2021 to 2026
Median gain at open
+1.66%
listing day, vs issue price
Median gain at close
+3.96%
listing day, vs issue price
Opened above issue price
54.55%
share of listings
Closed below issue price
45.45%
on listing day
Median subscription
13.45x
total, final day
Vs same-year IPOs
-13.80
percentage points; median gap at open
Best listing: PN Gadgil Jewellers (+72.92% at open, 17 September 2024). Weakest: Kalyan Jewellers (-15% at open, 26 March 2021).
An IPO with several lead managers counts towards each of them.
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 1 | -8.83% | -17.62% | 0% | 0.94x |
| 2025 | 1 | +6.88% | +9.35% | 100% | 13.45x |
| 2024 | 3 | +32.46% | +42.68% | 66.67% | 29.88x |
| 2023 | 2 | +25.38% | +40.59% | 50% | 32.92x |
| 2021 | 4 | -4.31% | -2.63% | 50% | 2.39x |
All 11 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Clean Max Enviro Energy | 2 March 2026 | Mainboard | 1,053 | 3,083.83 | 0.94x | 960 | 867.50 | -8.83% | -17.62% |
| Smartworks Coworking Spaces | 17 July 2025 | Mainboard | 407 | 582.88 | 13.45x | 435 | 445.05 | +6.88% | +9.35% |
| PN Gadgil Jewellers | 17 September 2024 | Mainboard | 480 | 1,100 | 59.40x | 830 | 793.30 | +72.92% | +65.27% |
| OLA Electric | 9 August 2024 | Mainboard | 76 | 6,145.56 | 4.26x | 76 | 91.20 | 0% | +20% |
| Bharti Hexacom | 12 April 2024 | Mainboard | 570 | 4,275 | 29.88x | 755 | 813.30 | +32.46% | +42.68% |
| IREDA | 29 November 2023 | Mainboard | 32 | 2,150.21 | 38.80x | 50 | 60 | +56.25% | +87.50% |
| IRM Energy | 26 October 2023 | Mainboard | 505 | 544.36 | 27.05x | 477.25 | 473.15 | -5.50% | -6.31% |
| Chemplast Sanmar | 24 August 2021 | Mainboard | 541 | 3,850 | 2.17x | 550 | 535.60 | +1.66% | -1% |
| Glenmark Life Sciences | 6 August 2021 | Mainboard | 720 | 1,513.60 | 44.17x | 750 | 748.50 | +4.17% | +3.96% |
| Macrotech Developers (Lodha) | 19 April 2021 | Mainboard | 486 | 2,500 | 1.36x | 436 | 465.25 | -10.29% | -4.27% |
| Kalyan Jewellers | 26 March 2021 | Mainboard | 87 | 1,174.82 | 2.61x | 73.95 | 75.20 | -15% | -13.56% |