Fast Track Finsec: IPO Track Record
NSE SME only. Since 2025, 1 of its 6 IPOs opened above the issue price (median −14.23%); all 5 earlier ones did.
Listed IPOs
11
11 SME
Amount raised
INR 387.89 crore
2023 to 2025
Median gain at open
+2.86%
listing day, vs issue price
Median gain at close
+0.14%
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
26.53x
total, final day
Vs same-year IPOs
-16.14
percentage points; median gap at open
Best listing: SunGarner Energies (+201.20% at open, 31 August 2023). Weakest: Jainik Power (-25.45% at open, 17 June 2025).
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 |
|---|---|---|---|---|---|
| 2025 | 6 | -14.23% | -16.14% | 16.67% | 19.25x |
| 2024 | 4 | +20.84% | +16.03% | 100% | 25.77x |
| 2023 | 1 | +201.20% | +216.08% | 100% | 138.18x |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Snehaa Organics | 5 September 2025 | SME (NSE) | 122 | 32.68 | 27.80x | 122 | 115.90 | 0% | -5% |
| Mahendra Realtors & Infrastructure | 20 August 2025 | SME (NSE) | 85 | 49.45 | 26.53x | 68 | 64.60 | -20% | -24% |
| Medistep Healthcare | 18 August 2025 | SME (NSE) | 43 | 16.10 | 375.29x | 53 | 50.35 | +23.26% | +17.09% |
| Cedaar Textile | 7 July 2025 | SME (NSE) | 140 | 60.90 | 11.96x | 119 | 113.05 | -15% | -19.25% |
| Jainik Power | 17 June 2025 | SME (NSE) | 110 | 51.30 | 1.70x | 82 | 82.85 | -25.45% | -24.68% |
| Nikita Papers | 3 June 2025 | SME (NSE) | 104 | 67.54 | 1.49x | 90 | 90.45 | -13.46% | -13.03% |
| Gajanand International | 16 September 2024 | SME (NSE) | 36 | 20.65 | 15.02x | 42 | 39.90 | +16.67% | +10.83% |
| Ambey Laboratories | 11 July 2024 | SME (NSE) | 68 | 44.68 | 319.43x | 85 | 89.25 | +25% | +31.25% |
| Akiko Global Services | 2 July 2024 | SME (NSE) | 77 | 23.11 | 36.52x | 98 | 93.35 | +27.27% | +21.23% |
| Enser Communications | 22 March 2024 | SME (NSE) | 70 | 16.17 | 7.33x | 72 | 70.10 | +2.86% | +0.14% |
| SunGarner Energies | 31 August 2023 | SME (NSE) | 83 | 5.31 | 138.18x | 250 | 262.35 | +201.20% | +216.08% |