Corporate Makers Capital: IPO Track Record
All 16 IPOs listed in 2025 or 2026, mostly on BSE SME. Only 3 opened above the issue price, and 12 closed below it on listing day.
Listed IPOs
16
16 SME
Amount raised
INR 534.13 crore
2025 to 2026
Median gain at open
-0.58%
listing day, vs issue price
Median gain at close
-5%
listing day, vs issue price
Opened above issue price
18.75%
share of listings
Closed below issue price
75%
on listing day
Median subscription
2.12x
total, final day
Vs same-year IPOs
-3.25
percentage points; median gap at open
Best listing: Vegorama Punjabi Angithi (+53.38% at open, 27 May 2026). Weakest: Fly-Hi Maritime (-20% at open, 8 September 2026).
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 | 9 | 0% | -5% | 33.33% | 2.06x |
| 2025 | 7 | -5.56% | -5% | 0% | 4.36x |
All 16 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Shree TNB Polymers | 8 October 2026 | SME (BSE) | 53 | 31.80 | 2.06x | 60 | 57 | +13.21% | +7.55% |
| Apana Logistics | 15 September 2026 | SME (BSE) | 60 | 34.14 | 1.31x | 60 | 57 | 0% | -5% |
| Fly-Hi Maritime | 8 September 2026 | SME (BSE) | 102 | 52.63 | 2.18x | 81.60 | 77.55 | -20% | -23.97% |
| ENS Enterprises | 21 August 2026 | SME (BSE) | 92 | 33.14 | 13.18x | 96 | 100.80 | +4.35% | +9.57% |
| Q&T Foods | 19 August 2026 | SME (BSE) | 115 | 26.25 | 1.48x | 115 | 109.25 | 0% | -5% |
| Sham Foam | 18 August 2026 | SME (BSE) | 130 | 40.48 | 2.45x | 104 | 98.80 | -20% | -24% |
| Jivial Industries | 1 July 2026 | SME (BSE) | 196 | 31.99 | 0.98x | 156.80 | 161.70 | -20% | -17.50% |
| Aureate Tradde | 5 June 2026 | SME (BSE) | 70 | 27.29 | 1.49x | 70 | 66.50 | 0% | -5% |
| Vegorama Punjabi Angithi | 27 May 2026 | SME (BSE) | 77 | 38.38 | 35.23x | 118.10 | 124 | +53.38% | +61.04% |
| Om Metallogic | 7 October 2025 | SME (BSE) | 86 | 22.35 | 1.52x | 85 | 85 | -1.16% | -1.16% |
| Solvex Edibles | 1 October 2025 | SME (BSE) | 72 | 18.87 | 1.07x | 68 | 64.60 | -5.56% | -10.28% |
| Praruh Technologies | 1 October 2025 | SME (BSE) | 63 | 23.50 | 1.29x | 63 | 64.25 | 0% | +1.98% |
| Renol Polychem | 7 August 2025 | SME (NSE) | 105 | 25.77 | 6.92x | 105 | 99.75 | 0% | -5% |
| Supertech EV | 2 July 2025 | SME (BSE) | 92 | 29.90 | 4.45x | 73.60 | 69.92 | -20% | -24% |
| Abram Food | 1 July 2025 | SME (BSE) | 98 | 13.99 | 28.59x | 90.40 | 94.92 | -7.76% | -3.14% |
| Ken Enterprises | 12 February 2025 | SME (NSE) | 94 | 83.65 | 4.36x | 85 | 80.75 | -9.57% | -14.10% |