ipodeckby IPO Central
Lead Managers

Hem Securities: IPO Track Record

The busiest SME lead manager in the data (79 SME IPOs), almost always the only lead manager. 98.04% of its IPOs before 2025 opened above the issue price; since 2025 the share is 80%, and the median gain at open has fallen from 49.69% to 9.62%.

Listed IPOs
81
2 mainboard, 79 SME
Amount raised
INR 5,420.62 crore
2023 to 2026
Median gain at open
+25.77%
listing day, vs issue price
Median gain at close
+31.25%
listing day, vs issue price
Opened above issue price
91.36%
share of listings
Closed below issue price
6.17%
on listing day
Median subscription
121.56x
total, final day
Vs same-year IPOs
+12.19
percentage points; median gap at open

Best listing: Energy Mission Machineries (+165.22% at open, 16 May 2024). Weakest: Sona Machinery (-12.59% at open, 13 March 2024).

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+34.74%+33.39%100%0%157x
SME79+25.77%+31.25%91.14%6.33%121.56x

Year by Year

YearIPOsMedian gain at openMedian gain at closeOpened above issueMedian subscription
202615+19.19%+25.15%80%103.14x
202515+9.20%+9.62%80%10.35x
202431+46.26%+39.91%96.77%191.46x
202320+59.09%+61.93%100%186.32x

All 81 IPOs Managed

IPOListedSegmentIssue price (INR)Issue size (INR crore)SubscriptionOpen (INR)Close (INR)Gain at openGain at close
Acme India Industries9 October 2026SME (BSE)196121.69124.31x221232.05+12.76%+18.39%
Vans Electroengineerings7 October 2026SME (BSE)11833.98628.78x224.20235.40+90%+99.49%
Century Business Media21 September 2026SME (BSE)7417.1158x7473.920%-0.11%
Raksan Transformers18 September 2026SME (BSE)273150.5047.51x273286.600%+4.98%
Qualiance International11 September 2026SME (NSE)12745.11459.29x224.90236.10+77.09%+85.91%
Phychem Technologies7 September 2026SME (BSE)5414.5820.87x5658.80+3.70%+8.89%
Credent Connect20 August 2026SME (NSE)18993.90153.21x359.10377.05+90%+99.50%
Anawil Wire10 August 2026SME (NSE)270177.81149.21x329.65346.10+22.09%+28.19%
Poojaa Precision4 August 2026SME (BSE)301159.83278.89x470493.50+56.15%+63.95%
Clay Craft24 June 2026SME (NSE)203110.11103.14x211221.55+3.94%+9.14%
Q Line Biotech29 May 2026SME (NSE)343214.48102.49x452474.60+31.78%+38.37%
Adisoft Technologies30 April 2026SME (NSE)17274.1077.52x205215.25+19.19%+25.15%
Vivid Electromech7 April 2026SME (NSE)555130.541.13x565563.05+1.80%+1.45%
Kasturi Metal3 February 2026SME (BSE)6417.6117.82x6463.160%-1.31%
E to E Transportation Infrastructure2 January 2026SME (NSE)17484.22527.76x330.60327.80+90%+88.39%
Dhara Rail Projects31 December 2025SME (NSE)12650.20112.01x150157.50+19.05%+25%
Bai Kakaji Polymers31 December 2025SME (BSE)186105.175.79x190188.20+2.15%+1.18%
Zelio E-Mobility8 October 2025SME (BSE)13678.341.57x154.90162.60+13.90%+19.56%
Ameenji Rubber6 October 2025SME (BSE)100302.29x101106.05+1%+6.05%
Systematic Industries1 October 2025SME (BSE)195115.606.27x193.80196.45-0.62%+0.74%
Ecoline Exim30 September 2025SME (NSE)14176.426.14x140.85140.50-0.11%-0.35%
Takyon Networks6 August 2025SME (BSE)5420.4821.89x55.8555.72+3.43%+3.19%
Meta Infotech11 July 2025SME (BSE)16180.13167.05x225236.25+39.75%+46.74%
PRO FX Tech3 July 2025SME (NSE)8740.3025.50x9599.75+9.20%+14.66%
Shri Hare-Krishna Sponge Iron1 July 2025SME (NSE)5929.916.92x64.8064.55+9.83%+9.41%
Safe Enterprises27 June 2025SME (NSE)138169.7410.35x151158.55+9.42%+14.89%
Monolithisch India19 June 2025SME (NSE)14382.02182.96x231.55243.10+61.92%+70%
Unified DataTech Solutions29 May 2025SME (BSE)273144.4791.38x285299.25+4.40%+9.62%
Tankup Engineers30 April 2025SME (NSE)14019.53121.56x175183.75+25%+31.25%
Readymix Construction13 February 2025SME (NSE)12337.664.68x123116.850%-5%
Enviro Infra29 November 2024Mainboard148650.3089.90x220207.07+48.65%+39.91%
Danish Power29 October 2024SME (NSE)380197.90176.09x570598.50+50%+57.50%
Sahasra Electronics4 October 2024SME (NSE)283186.16122.15x537.70564.55+90%+99.49%
Forge Auto International4 October 2024SME (NSE)10831.1049.35x113109.35+4.63%+1.25%
Unilex Colours3 October 2024SME (NSE)8731.3235.90x8988.15+2.30%+1.32%
WOL 3D30 September 2024SME (NSE)15025.56373.94x180.05189.05+20.03%+26.03%
Manba Finance30 September 2024Mainboard120150.84224.10x145152.25+20.83%+26.88%
Shubhshree Biofuels16 September 2024SME (NSE)11916.56128.56x189198.45+58.82%+66.76%
Vision Infra13 September 2024SME (NSE)163106.2168.22x205215.25+25.77%+32.06%
My Mudra Fincorp12 September 2024SME (NSE)11033.26102.53x130123.50+18.18%+12.27%
Namo eWaste11 September 2024SME (NSE)8551.20225.71x161.50169.55+90%+99.47%
Aeron Composite4 September 2024SME (NSE)12556.1038.31x150157.50+20%+26%
Sunlite Recycling20 August 2024SME (NSE)10530.24282.53x199.50209.45+90%+99.48%
Aprameya Engineering1 August 2024SME (NSE)5829.23191.46x7275.60+24.14%+30.34%
Chetana Education31 July 2024SME (NSE)8545.90196.56x98.90103.80+16.35%+22.12%
Ganesh Green Bharat12 July 2024SME (NSE)190125.23229.99x361379.05+90%+99.50%
Aimtron Electronics6 June 2024SME (NSE)16187.0299.26x241253.05+49.69%+57.17%
Vilas Transcore3 June 2024SME (NSE)14795.26204.85x215225.75+46.26%+53.57%
Premier Roadlines17 May 2024SME (NSE)6740.36115.29x8791.35+29.85%+36.34%
Aztec Fluids17 May 2024SME (BSE)6724.12203.03x9085.50+34.33%+27.61%
Energy Mission Machineries16 May 2024SME (NSE)13841.15319.97x366384.25+165.22%+178.44%
TGIF Agribusiness15 May 2024SME (BSE)936.3937.19x150142.50+61.29%+53.23%
Amkay Products8 May 2024SME (BSE)5512.61693.44x104.50109.72+90%+99.49%
Blue Pebble3 April 2024SME (NSE)16818.1456.40x199208.95+18.45%+24.37%
Aspire & Innovative Advertising3 April 2024SME (NSE)5421.9715.25x56.5059.30+4.63%+9.81%
Enfuse Solutions22 March 2024SME (NSE)9622.44357.39x115115.45+19.79%+20.26%
Sona Machinery13 March 2024SME (NSE)14351.82273.57x125131.25-12.59%-8.22%
Megatherm Induction5 February 2024SME (NSE)10853.91192.89x198207.90+83.33%+92.50%
Harshdeep Hortico5 February 2024SME (BSE)4519.09103.75x7066.50+55.56%+47.78%
New Swan Multitech18 January 2024SME (BSE)6633.11356.91x125.40131.67+90%+99.50%
Shri Balaji Valve3 January 2024SME (BSE)10021.60276.52x190199.50+90%+99.50%
Shanti Spintex27 December 2023SME (BSE)7031.2525.53x7679.80+8.57%+14%
Siyaram Recycling21 December 2023SME (BSE)4622.96358.07x5557.75+19.57%+25.54%
S J Logistics19 December 2023SME (NSE)12548293.99x175183.75+40%+47%
Deepak Chemtex6 December 2023SME (BSE)8023.04374.34x152159.60+90%+99.50%
Paragon Fine3 November 2023SME (NSE)10051.66191.13x225213.75+125%+113.75%
E Factor Experiences9 October 2023SME (NSE)7525.9268.05x115120.75+53.33%+61%
Arabian Petroleum9 October 2023SME (NSE)7020.2419.51x77.4076.25+10.57%+8.93%
Saakshi Medtech3 October 2023SME (NSE)9745.1685.24x146153.30+50.52%+58.04%
Madhusudan Masala26 September 2023SME (NSE)7023.80412.94x120114+71.43%+62.86%
Kahan Packaging15 September 2023SME (BSE)805.76730.50x152159.60+90%+99.50%
Asarfi Hospital26 July 2023SME (BSE)5226.94181.51x98.80103.74+90%+99.50%
Kaka Industries19 July 2023SME (BSE)5821.23292.74x110.20115.71+90%+99.50%
Greenchef Appliances6 July 2023SME (NSE)8753.6259.59x104109.20+19.54%+25.52%
Hemant Surgical5 June 2023SME (BSE)9024.84139.70x171179.55+90%+99.50%
Vasa Denticity2 June 2023SME (NSE)12854.0766.96x211221.55+64.84%+73.09%
Labelkraft Technologies23 March 2023SME (BSE)554.7552.09x5655.79+1.82%+1.44%
Systango Technologies15 March 2023SME (NSE)9034.8261.69x98102.90+8.89%+14.33%
Macfos1 March 2023SME (BSE)10223.75270.58x184174.80+80.39%+71.37%
Earthstahl & Alloys8 February 2023SME (BSE)4012.96222.98x5557.75+37.50%+44.38%
Chaman Metallics16 January 2023SME (NSE)3824.21197.31x6864.60+78.95%+70%