Inventure Merchant Banker Services: IPO Track Record
SME, with small issues (median INR 20.10 crore) and low demand (median subscription 3.64x). 7 of 11 opened above the issue price, at a median of 1.08%.
Listed IPOs
11
11 SME
Amount raised
INR 314.05 crore
2023 to 2026
Median gain at open
+1.08%
listing day, vs issue price
Median gain at close
+6.13%
listing day, vs issue price
Opened above issue price
63.64%
share of listings
Closed below issue price
36.36%
on listing day
Median subscription
3.64x
total, final day
Vs same-year IPOs
-12.46
percentage points; median gap at open
Best listing: Varyaa Creations (+90% at open, 30 April 2024). Weakest: Lamosaic India (-18% at open, 29 November 2024).
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 |
|---|---|---|---|---|---|
| 2026 | 1 | +4.76% | +8.74% | 100% | 1.26x |
| 2025 | 2 | +8.23% | +11.07% | 100% | 1.13x |
| 2024 | 6 | +2.83% | +7.97% | 66.67% | 8.92x |
| 2023 | 2 | 0% | -3.54% | 0% | 51.30x |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Crazy Snacks | 3 July 2026 | SME (BSE) | 42 | 31.47 | 1.26x | 44 | 45.67 | +4.76% | +8.74% |
| NSB BPO Solutions | 10 October 2025 | SME (BSE) | 121 | 64.13 | 0.81x | 121.45 | 121.30 | +0.37% | +0.25% |
| BAG Convergence | 8 October 2025 | SME (NSE) | 87 | 48.72 | 1.45x | 101 | 106.05 | +16.09% | +21.90% |
| Lamosaic India | 29 November 2024 | SME (NSE) | 200 | 61.20 | 1.82x | 164 | 172.20 | -18% | -13.90% |
| Excellent Wires | 19 September 2024 | SME (NSE) | 90 | 12.60 | 20.43x | 85 | 82.05 | -5.56% | -8.83% |
| Paramatrix Technologies | 4 September 2024 | SME (NSE) | 110 | 33.84 | 9.10x | 115.05 | 120.80 | +4.59% | +9.82% |
| Clinitech Laboratory | 1 August 2024 | SME (BSE) | 96 | 5.78 | 39.02x | 115 | 120.75 | +19.79% | +25.78% |
| Varyaa Creations | 30 April 2024 | SME (BSE) | 150 | 20.10 | 3.64x | 285 | 270.75 | +90% | +80.50% |
| Grill Splendour Services | 23 April 2024 | SME (NSE) | 120 | 16.47 | 8.74x | 121.30 | 127.35 | +1.08% | +6.13% |
| Innovatus Entertainment | 4 August 2023 | SME (BSE) | 50 | 7.74 | 99.93x | 50 | 48.96 | 0% | -2.08% |
| Vilin Bio Med | 30 June 2023 | SME (NSE) | 30 | 12 | 2.67x | 30 | 28.50 | 0% | -5% |