ipodeckby IPO Central
Lead Managers

GYR Capital Advisors: IPO Track Record

Almost all SME (54 of 56), and the only lead manager on every one. The highest median subscription among lead managers with a page (328.81x) and a median gain at open of 68.65%; since 2025 the median is 34.62% across 31 IPOs.

Listed IPOs
56
2 mainboard, 54 SME
Amount raised
INR 2,934.82 crore
2023 to 2026
Median gain at open
+68.65%
listing day, vs issue price
Median gain at close
+66.92%
listing day, vs issue price
Opened above issue price
92.86%
share of listings
Closed below issue price
3.57%
on listing day
Median subscription
328.81x
total, final day
Vs same-year IPOs
+47.77
percentage points; median gap at open

Best listing: Kay Cee Energy (+366.67% at open, 5 January 2024). Weakest: Bench Mark Infotech (0% at open, 5 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
Mainboard2+6.64%+1.56%100%0%85.45x
SME54+80.57%+78.47%92.59%3.70%343.26x

Year by Year

YearIPOsMedian gain at openMedian gain at closeOpened above issueMedian subscription
202612+26.79%+25.90%83.33%271.96x
202519+34.62%+33%89.47%302.21x
202417+90%+99.49%100%575.91x
20238+119.95%+121.02%100%378.41x

All 56 IPOs Managed

IPOListedSegmentIssue price (INR)Issue size (INR crore)SubscriptionOpen (INR)Close (INR)Gain at openGain at close
Bench Mark Infotech5 October 2026SME (NSE)11042.44103.19x110115.500%+5%
Robokidz Eduventures28 September 2026SME (BSE)10631.09833.64x201.40211.45+90%+99.48%
Sumax Engineering2 September 2026SME (NSE)10153.40162.96x111110.45+9.90%+9.36%
Sunshine Pictures25 August 2026Mainboard360282.14105.81x395.90369.20+9.97%+2.56%
LAPL Automotive13 August 2026SME (BSE)9432.40344.32x135128.29+43.62%+36.48%
Shree Balaji Textiles29 July 2026SME (BSE)7018.90206.82x133126.35+90%+80.50%
Millworks Technologies21 July 2026SME (BSE)331160.34239.73x628.90660.30+90%+99.49%
Horizon Reclaim19 June 2026SME (BSE)10354.27304.19x151147.30+46.60%+43.01%
Merritronix8 June 2026SME (BSE)14970.03315.42x283.10297.25+90%+99.50%
Accord Transformer2 March 2026SME (BSE)4625.59357.45x5052.50+8.70%+14.13%
Indo SMC21 January 2026SME (BSE)14991.95110.57x149154.800%+3.89%
Gabion Technologies13 January 2026SME (BSE)8129.16826.08x8993.41+9.88%+15.32%
KV Toys India15 December 2025SME (BSE)23940.15352.72x320336+33.89%+40.59%
Luxury Time11 December 2025SME (BSE)8218.74635.67x155.80163.59+90%+99.50%
Exato Technologies5 December 2025SME (BSE)14037.45947.28x266279.30+90%+99.50%
Jinkushal Industries3 October 2025Mainboard121116.1565.10x125121.66+3.31%+0.55%
True Colors30 September 2025SME (BSE)191127.9645.55x191183.050%-4.16%
JD Cables25 September 2025SME (BSE)15295.99127.88x160157.90+5.26%+3.88%
TechD Cybersecurity22 September 2025SME (NSE)19338.99718.37x366.70385+90%+99.48%
Airfloa Rail Technology18 September 2025SME (BSE)14091.10302.21x266279.30+90%+99.50%
Austere Systems12 September 2025SME (BSE)5515.571,077.12x75.5579.32+37.36%+44.22%
Classic Electrodes1 September 2025SME (NSE)8741.51179.96x10095+14.94%+9.20%
Glen Industries15 July 2025SME (BSE)9762.94260.34x157152.37+61.86%+57.08%
Suntech Infra2 July 2025SME (NSE)8644.39223.71x109.10103.80+26.86%+20.70%
Sacheerome16 June 2025SME (NSE)10261.62313.02x153160.55+50%+57.40%
Dar Credit & Capital28 May 2025SME (NSE)6025.66106.16x65.1563.95+8.58%+6.58%
Srigee DLM12 May 2025SME (BSE)9916.98491.31x188.10197.50+90%+99.49%
Voler Car19 February 2025SME (NSE)902713.73x9091.450%+1.61%
Chamunda Electrical11 February 2025SME (NSE)5014.60738.03x7066.50+40%+33%
Capital Numbers Infotech27 January 2025SME (BSE)263169.37134.70x274261.35+4.18%-0.63%
Delta Autocorp14 January 2025SME (NSE)13054.60342.20x175167.25+34.62%+28.65%
NACDAC Infrastructure24 December 2024SME (BSE)3510.012,209.86x66.5069.82+90%+99.49%
Emerald Tyre12 December 2024SME (NSE)9549.26531.35x180.50189.50+90%+99.47%
Rajputana Biodiesel3 December 2024SME (NSE)13024.70718.92x247259.35+90%+99.50%
Freshara Agro Exports24 October 2024SME (NSE)11675.39236.95x135134.70+16.38%+16.12%
Lakshya Powertech23 October 2024SME (NSE)18049.80575.91x342359.10+90%+99.50%
Afcom Holdings9 August 2024SME (BSE)10873.83303.11x205.20215.45+90%+99.49%
Sathlokhar Synergys E&C Global6 August 2024SME (NSE)14092.93211.27x260247+85.71%+76.43%
SA Tech Software India2 August 2024SME (NSE)5923.01621.37x112.10117.70+90%+99.49%
Petro Carbon and Chemicals2 July 2024SME (NSE)171113.1692.11x300315+75.44%+84.21%
Medicamen Organics28 June 2024SME (NSE)3410.54993.64x137.85144.70+305.44%+325.59%
HOAC Foods India24 May 2024SME (NSE)485.541,994.62x147139.65+206.25%+190.94%
ABS Marine Services21 May 2024SME (NSE)14796.29143.09x294279.30+100%+90%
Naman In-Store2 April 2024SME (NSE)8925.35309.04x125118.75+40.45%+33.43%
Koura Fine Diamond Jewelry14 March 2024SME (BSE)555.50733.08x7578.63+36.36%+42.96%
Thaai Casting23 February 2024SME (NSE)7747.20375.52x185.90195.15+141.43%+153.44%
Maxposure23 January 2024SME (NSE)3320.26904.82x145137.75+339.39%+317.42%
Kay Cee Energy5 January 2024SME (NSE)5415.93959.53x252239.40+366.67%+343.33%
Trident Techlabs29 December 2023SME (NSE)3516.03681.90x98.15103.05+180.43%+194.43%
Maitreya Medicare7 November 2023SME (NSE)8214.89410.09x162.55154.45+98.23%+88.35%
Basilic Fly Studio11 September 2023SME (NSE)9766.35358.85x271284.55+179.38%+193.35%
Srivari Spices18 August 2023SME (NSE)429418.46x101.50106.55+141.67%+153.69%
Essen Speciality6 July 2023SME (NSE)10766.3366.08x140147+30.84%+37.38%
MCON Rasayan20 March 2023SME (NSE)406.84311.55x4850.40+20%+26%
Agarwal Float Glass23 February 2023SME (NSE)429.204.89x4444.05+4.76%+4.88%
Anlon Technology Solutions10 January 2023SME (NSE)10015397.97x251.10263.65+151.10%+163.65%