ipodeckby IPO Central
Lead Managers

Interactive Financial Services: IPO Track Record

Mostly SME. 14 of its 29 IPOs closed below the issue price on listing day, and they opened a median 12.46 percentage points below same-year listings.

Listed IPOs
29
3 mainboard, 26 SME
Amount raised
INR 1,143.36 crore
2023 to 2026
Median gain at open
+1.10%
listing day, vs issue price
Median gain at close
+0.74%
listing day, vs issue price
Opened above issue price
51.72%
share of listings
Closed below issue price
48.28%
on listing day
Median subscription
9.49x
total, final day
Vs same-year IPOs
-12.46
percentage points; median gap at open

Best listing: Teja Engineering (+90% at open, 7 July 2026). Weakest: Shree Ram Twistex (-34.62% at open, 2 March 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+1.10%+0.80%66.67%33.33%43.66x
SME26+1.43%+0.33%50%50%8.84x

Year by Year

YearIPOsMedian gain at openMedian gain at closeOpened above issueMedian subscription
202650%-5%20%2.27x
20258-2.83%-6.33%37.50%5.23x
20248+8.51%+12.86%87.50%77.98x
20238+1.43%+0.33%50%4.58x

All 29 IPOs Managed

IPOListedSegmentIssue price (INR)Issue size (INR crore)SubscriptionOpen (INR)Close (INR)Gain at openGain at close
Gulf Lloyds27 July 2026SME (BSE)10018.1910.90x100950%-5%
Teja Engineering7 July 2026SME (NSE)22037.361.11x418438.90+90%+99.50%
Harikanta Overseas2 June 2026SME (BSE)9124.301.17x79.7575.77-12.36%-16.74%
Shree Ram Twistex2 March 2026Mainboard104110.2443.66x6871.40-34.62%-31.35%
Aritas Vinyl23 January 2026SME (BSE)4737.522.27x4744.650%-5%
Shreeji Global FMCG12 November 2025SME (NSE)125853.34x100101.70-20%-18.64%
Shlokka Dyes17 October 2025SME (BSE)9157.791.17x9085.50-1.10%-6.04%
Aptus Pharma30 September 2025SME (BSE)7013.0222.40x80.8084.84+15.43%+21.20%
Abril Paper Tech5 September 2025SME (BSE)6113.4211.26x48.8049.38-20%-19.05%
Anlon Healthcare3 September 2025Mainboard91121.037.12x9291.73+1.10%+0.80%
Valencia India3 July 2025SME (BSE)11048.951.34x8883.60-20%-24%
HP Telecom India28 February 2025SME (NSE)10834.231.96x115.05115.05+6.53%+6.53%
Malpani Pipes4 February 2025SME (BSE)9025.92147.20x85.9084.04-4.56%-6.62%
SPP Polymer17 September 2024SME (NSE)5924.4941.17x6359.85+6.78%+1.44%
Kizi Apparels6 August 2024SME (BSE)215.58115.65x23.1524.30+10.24%+15.71%
Kataria Industries24 July 2024SME (NSE)9654.57393.80x182.40191.50+90%+99.48%
Winny Immigration27 June 2024SME (NSE)1409.13150.21x240252+71.43%+80%
Teerth Gopicon16 April 2024SME (NSE)11144.4069.41x125131.25+12.61%+18.24%
DCG Cables & Wires16 April 2024SME (NSE)10049.9915.87x9085.50-10%-14.50%
SRM Contractors3 April 2024Mainboard210130.2086.56x215.25226+2.50%+7.62%
Kalahridhaan Trendz23 February 2024SME (NSE)4522.498.20x47.1549.50+4.78%+10%
Vrundavan Plantation6 November 2023SME (BSE)10815.2917.68x107101.65-0.93%-5.88%
Vivaa Tradecom12 October 2023SME (BSE)517.991.76x40.8042.54-20%-16.59%
Crop Life Science30 August 2023SME (NSE)5226.734.13x55.9553.15+7.60%+2.21%
Tridhya Tech13 July 2023SME (NSE)4226.4167.75x4244.100%+5%
Bizotic Commercial23 June 2023SME (BSE)17542.211.92x180171+2.86%-2.29%
Sahana System12 June 2023SME (NSE)13532.749.49x163171.15+20.74%+26.78%
Prospect Commodities20 March 2023SME (BSE)617.485.04x6161.450%+0.74%
Patron Exim6 March 2023SME (BSE)2716.691.06x28.4026.98+5.19%-0.07%