ipodeckby IPO Central
Lead Managers

Fedex Securities: IPO Track Record

Mostly SME, with most listings in 2023 and 2024. Its IPOs opened a median 8.93 percentage points below same-year listings; of the 5 since 2025, 1 opened above the issue price.

Listed IPOs
29
3 mainboard, 26 SME
Amount raised
INR 1,245.33 crore
2023 to 2026
Median gain at open
+9.80%
listing day, vs issue price
Median gain at close
+11.82%
listing day, vs issue price
Opened above issue price
75.86%
share of listings
Closed below issue price
24.14%
on listing day
Median subscription
41.54x
total, final day
Vs same-year IPOs
-8.93
percentage points; median gap at open

Best listing: DocMode Health (+140.82% at open, 2 February 2024). Weakest: Pind Hospitality (-20% at open, 6 October 2026).

An IPO with several lead managers counts towards each of them.

Mainboard vs SME

SegmentIPOsMedian gain at openMedian gain at closeOpened above issueClosed below issueMedian subscription
Mainboard3+17.65%+12.82%66.67%33.33%95.70x
SME26+8.14%+11.21%76.92%23.08%38.73x

Year by Year

YearIPOsMedian gain at openMedian gain at closeOpened above issueMedian subscription
20262-11.47%-15.89%0%2.13x
202530%+1.08%33.33%29.68x
202415+9.80%+15.29%93.33%57.30x
20239+10%+12.16%77.78%48.67x

All 29 IPOs Managed

IPOListedSegmentIssue price (INR)Issue size (INR crore)SubscriptionOpen (INR)Close (INR)Gain at openGain at close
Pind Hospitality6 October 2026SME (BSE)9917.812.77x79.2075.24-20%-24%
ABH Healthcare1 September 2026SME (NSE)10234.981.49x9994.05-2.94%-7.79%
Rukmani Devi Garg Agro6 October 2025SME (BSE)9923.5229.68x79.2077.13-20%-22.09%
Patel Retail26 August 2025Mainboard255242.6695.70x300287.70+17.65%+12.82%
RoyalArc Electrodes24 February 2025SME (NSE)120361.67x120121.300%+1.08%
Deepak Builders and Engineers28 October 2024Mainboard203260.0441.54x200161.95-1.48%-20.22%
HVAX Technologies7 October 2024SME (NSE)45833.5334.24x486490.35+6.11%+7.06%
Naturewings Holidays10 September 2024SME (BSE)747.03383.53x9590.25+28.38%+21.96%
Boss Packaging6 September 2024SME (NSE)668.41133.38x82.5086.60+25%+31.21%
Broach Lifecare Hospital21 August 2024SME (BSE)254.02158.66x47.5049.87+90%+99.48%
Magenta Lifecare12 June 2024SME (BSE)357983.24x4547.25+28.57%+35%
Finelistings Technologies14 May 2024SME (BSE)12313.5337.49x127133.35+3.25%+8.41%
Vruddhi Engineering3 April 2024SME (BSE)704.7614.16x7174.55+1.43%+6.50%
Gconnect Logitech3 April 2024SME (BSE)405.6057.30x4244.10+5%+10.25%
Mukka Proteins7 March 2024Mainboard28224136.99x4042.25+42.86%+50.89%
Deem Roll Tech27 February 2024SME (NSE)12929.26245.70x200209.70+55.04%+62.56%
Polysil Irrigation16 February 2024SME (NSE)5417.436.92x5654.25+3.70%+0.46%
Baweja Studios6 February 2024SME (NSE)18097.202.68x183173.85+1.67%-3.42%
DocMode Health2 February 2024SME (NSE)796.71212.69x190.25180.75+140.82%+128.80%
IBL Finance16 January 2024SME (NSE)5133.4116.18x5658.80+9.80%+15.29%
KK Shah Hospitals6 November 2023SME (BSE)458.7812.92x56.1058.90+24.67%+30.89%
Committed Cargo18 October 2023SME (NSE)7724.9581.36x8286.10+6.49%+11.82%
Sharp Chucks12 October 2023SME (NSE)5816.8448.67x6665.05+13.79%+12.16%
Oneclick Logistics11 October 2023SME (NSE)999.91172.28x140133+41.41%+34.34%
Kundan Edifice26 September 2023SME (NSE)9125.2339.96x7578.75-17.58%-13.46%
Pramara Promotions13 September 2023SME (NSE)6315.2724.23x111116.55+76.19%+85%
Yasons Chemex3 August 2023SME (NSE)4020.5755.23x3233.60-20%-16%
Pattech Fitwell21 April 2023SME (NSE)50121.97x5557.75+10%+15.50%
Lead Reclaim and Rubber21 February 2023SME (NSE)254.8872.01x27.5027.65+10%+10.60%