Nuvama Wealth Management: IPO Track Record
Formerly Edelweiss Financial Services Limited. Figures cover IPOs under both names.
Figures include IPOs under the Edelweiss name. Its IPOs opened a median 2.86 percentage points below others listing in the same year, and about a third (32.35%) closed below the issue price on listing day.
Listed IPOs
68
68 mainboard
Amount raised
INR 1,29,961.86 crore
2018 to 2026
Median gain at open
+4.22%
listing day, vs issue price
Median gain at close
+8.79%
listing day, vs issue price
Opened above issue price
64.71%
share of listings
Closed below issue price
32.35%
on listing day
Median subscription
15.22x
total, final day
Vs same-year IPOs
-2.86
percentage points; median gap at open
Best listing: Route Mobile (+104.86% at open, 21 September 2020). Weakest: ICICI Securities (-16.35% at open, 4 April 2018).
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 | 10 | +4.72% | +4% | 70% | 5.20x |
| 2025 | 13 | +3.26% | +1.85% | 61.54% | 22.06x |
| 2024 | 13 | +3.24% | +11.03% | 53.85% | 4x |
| 2023 | 6 | +25.36% | +30.72% | 100% | 55.20x |
| 2022 | 4 | +3.43% | +5.59% | 50% | 2.06x |
| 2021 | 9 | +3.02% | +16.78% | 66.67% | 18.03x |
| 2020 | 5 | +48.21% | +18.59% | 60% | 73.30x |
| 2019 | 3 | +17.66% | +21.71% | 66.67% | 36.21x |
| 2018 | 5 | +3.04% | +5.08% | 60% | 8.77x |
All 68 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Paras Healthcare | 28 October 2026 | Mainboard | 693 | 1,450 | 2.34x | 720 | 735.60 | +3.90% | +6.15% |
| Sahajanand Medical Technologies | 23 October 2026 | Mainboard | 344 | 475.48 | 14.20x | 371.15 | 377.65 | +7.89% | +9.78% |
| Fusion CX | 22 October 2026 | Mainboard | 289 | 702 | 4.68x | 305 | 289.65 | +5.54% | +0.22% |
| National Stock Exchange | 24 September 2026 | Mainboard | 1,785 | 22,561.57 | 5.71x | 1,800 | 1,818 | +0.84% | +1.85% |
| Manipal Payment | 17 September 2026 | Mainboard | 339 | 805 | 1.42x | 330 | 345.15 | -2.65% | +1.81% |
| Kanohar Electricals | 16 September 2026 | Mainboard | 632 | 1,055.74 | 90.59x | 685.50 | 751.50 | +8.47% | +18.91% |
| Augmont Enterprises | 31 August 2026 | Mainboard | 788 | 825 | 111.14x | 961 | 908.15 | +21.95% | +15.25% |
| OnEMI Technologies (Kissht) | 8 May 2026 | Mainboard | 171 | 925.92 | 9.50x | 190 | 208.63 | +11.11% | +22.01% |
| Powerica | 2 April 2026 | Mainboard | 395 | 1,100 | 1.45x | 366 | 390 | -7.34% | -1.27% |
| Aye Finance | 16 February 2026 | Mainboard | 129 | 1,010 | 0.97x | 129 | 128.91 | 0% | -0.07% |
| KSH International | 23 December 2025 | Mainboard | 384 | 626.35 | 0.83x | 370 | 355 | -3.65% | -7.55% |
| ICICI Prudential AMC | 19 December 2025 | Mainboard | 2,165 | 10,602.65 | 39.17x | 2,600 | 2,585.90 | +20.09% | +19.44% |
| Park Medi World | 17 December 2025 | Mainboard | 162 | 920 | 8.10x | 158.80 | 147.95 | -1.98% | -8.67% |
| Solarworld Energy Solutions | 30 September 2025 | Mainboard | 351 | 490 | 65.01x | 388.50 | 323.50 | +10.68% | -7.83% |
| Jaro Institute of Technology Management and Research | 30 September 2025 | Mainboard | 890 | 450 | 22.06x | 890 | 744.25 | 0% | -16.38% |
| Anand Rathi Share and Stock Brokers | 30 September 2025 | Mainboard | 414 | 745 | 20.66x | 432 | 445.55 | +4.35% | +7.62% |
| Vikram Solar | 26 August 2025 | Mainboard | 332 | 2,079.37 | 54.63x | 338 | 356.40 | +1.81% | +7.35% |
| Sambhv Steel Tubes | 2 July 2025 | Mainboard | 82 | 540 | 28.46x | 110 | 97.59 | +34.15% | +19.01% |
| HDB Financial Services | 2 July 2025 | Mainboard | 740 | 12,500 | 16.69x | 835 | 840.95 | +12.84% | +13.64% |
| ArisInfra Solutions | 25 June 2025 | Mainboard | 222 | 499.60 | 2.65x | 205 | 174.38 | -7.66% | -21.45% |
| Oswal Pumps | 20 June 2025 | Mainboard | 614 | 1,387.34 | 34.42x | 634 | 625.35 | +3.26% | +1.85% |
| Ajax Engineering | 17 February 2025 | Mainboard | 629 | 1,268.88 | 6.45x | 576 | 595.40 | -8.43% | -5.34% |
| Laxmi Dental | 20 January 2025 | Mainboard | 428 | 698.06 | 114.42x | 542 | 550.55 | +26.64% | +28.63% |
| Senores Pharmaceutical | 30 December 2024 | Mainboard | 391 | 582.11 | 93.41x | 600 | 557.05 | +53.45% | +42.47% |
| Carraro India | 30 December 2024 | Mainboard | 704 | 1,250 | 1.12x | 651 | 636.20 | -7.53% | -9.63% |
| DAM Capital | 27 December 2024 | Mainboard | 283 | 840.25 | 82.08x | 393 | 415.10 | +38.87% | +46.68% |
| Suraksha Diagnostic | 6 December 2024 | Mainboard | 441 | 846.25 | 1.27x | 438 | 417.25 | -0.68% | -5.39% |
| NTPC Green Energy | 27 November 2024 | Mainboard | 108 | 10,000 | 2.42x | 111.50 | 121.65 | +3.24% | +12.64% |
| ACME Solar | 13 November 2024 | Mainboard | 289 | 2,900 | 2.75x | 251 | 253.15 | -13.15% | -12.40% |
| Afcons Infrastructure | 4 November 2024 | Mainboard | 463 | 5,430 | 2.63x | 426 | 474.20 | -7.99% | +2.42% |
| PN Gadgil Jewellers | 17 September 2024 | Mainboard | 480 | 1,100 | 59.40x | 830 | 793.30 | +72.92% | +65.27% |
| Allied Blenders and Distillers | 2 July 2024 | Mainboard | 281 | 1,500 | 23.49x | 320 | 317.90 | +13.88% | +13.13% |
| Go Digit General Insurance | 23 May 2024 | Mainboard | 272 | 2,614.65 | 9.60x | 286 | 306 | +5.15% | +12.50% |
| Popular Vehicles | 19 March 2024 | Mainboard | 295 | 601.55 | 1.23x | 289.20 | 276.15 | -1.97% | -6.39% |
| Capital Small Finance Bank | 14 February 2024 | Mainboard | 468 | 523.07 | 4x | 430.25 | 435 | -8.07% | -7.05% |
| Medi Assist Healthcare | 23 January 2024 | Mainboard | 418 | 1,171.58 | 16.25x | 460 | 464.10 | +10.05% | +11.03% |
| Flair Writing | 1 December 2023 | Mainboard | 304 | 593 | 46.68x | 501 | 450.90 | +64.80% | +48.32% |
| Gandhar Oil | 30 November 2023 | Mainboard | 169 | 500.69 | 64.07x | 298 | 301.40 | +76.33% | +78.34% |
| ESAF Small Finance Bank | 10 November 2023 | Mainboard | 60 | 463 | 73.14x | 71 | 69.05 | +18.33% | +15.08% |
| Sai Silks Kalamandir | 27 September 2023 | Mainboard | 222 | 1,201 | 4.40x | 231 | 244.90 | +4.05% | +10.32% |
| Jupiter Life Line Hospitals | 18 September 2023 | Mainboard | 735 | 869.08 | 63.72x | 973 | 1,075.75 | +32.38% | +46.36% |
| TVS Supply Chain Solutions | 23 August 2023 | Mainboard | 197 | 880 | 2.78x | 207.05 | 201 | +5.10% | +2.03% |
| Inox Green Energy | 23 November 2022 | Mainboard | 65 | 740 | 1.55x | 60 | 59.10 | -7.69% | -9.08% |
| Five-Star Business Finance | 21 November 2022 | Mainboard | 474 | 1,588.51 | 0.70x | 468.80 | 490 | -1.10% | +3.38% |
| DCX Systems | 11 November 2022 | Mainboard | 207 | 500 | 69.79x | 287 | 308.45 | +38.65% | +49.01% |
| Vedant Fashions | 16 February 2022 | Mainboard | 866 | 3,149.19 | 2.57x | 935 | 933.55 | +7.97% | +7.80% |
| Medplus Health | 23 December 2021 | Mainboard | 796 | 1,398.30 | 52.59x | 1,040 | 1,121.15 | +30.65% | +40.85% |
| Tarsons Products | 26 November 2021 | Mainboard | 662 | 1,023.47 | 77.49x | 682 | 818.40 | +3.02% | +23.63% |
| SJS Enterprises | 15 November 2021 | Mainboard | 542 | 800 | 1.59x | 542 | 510.20 | 0% | -5.87% |
| Vijaya Diagnostic | 14 September 2021 | Mainboard | 531 | 1,894.26 | 4.54x | 540 | 620.10 | +1.69% | +16.78% |
| Aptus Value Housing Finance | 24 August 2021 | Mainboard | 353 | 2,780.05 | 17.20x | 333 | 346.90 | -5.67% | -1.73% |
| Devyani International | 16 August 2021 | Mainboard | 90 | 1,838 | 116.70x | 140.90 | 123.50 | +56.56% | +37.22% |
| Macrotech Developers (Lodha) | 19 April 2021 | Mainboard | 486 | 2,500 | 1.36x | 436 | 465.25 | -10.29% | -4.27% |
| Stove Kraft | 5 February 2021 | Mainboard | 385 | 412.63 | 18.03x | 498 | 445.95 | +29.35% | +15.83% |
| Indigo Paints | 2 February 2021 | Mainboard | 1,490 | 1,169.12 | 117.02x | 2,607.50 | 3,117.15 | +75% | +109.20% |
| Burger King India (Restaurant Brands Asia) | 14 December 2020 | Mainboard | 60 | 810 | 156.65x | 112.50 | 135 | +87.50% | +125% |
| Equitas Small Finance Bank | 2 November 2020 | Mainboard | 33 | 517.60 | 1.95x | 31.10 | 32.80 | -5.76% | -0.61% |
| Mazagon Dock Shipbuilders | 12 October 2020 | Mainboard | 145 | 443.69 | 157.41x | 214.90 | 171.95 | +48.21% | +18.59% |
| Angel Broking | 5 October 2020 | Mainboard | 306 | 600 | 3.94x | 275 | 275.80 | -10.13% | -9.87% |
| Route Mobile | 21 September 2020 | Mainboard | 350 | 600 | 73.30x | 717 | 651.30 | +104.86% | +86.09% |
| Prince Pipes | 30 December 2019 | Mainboard | 178 | 500 | 2.21x | 160 | 166.90 | -10.11% | -6.24% |
| IndiaMART Intermesh | 4 July 2019 | Mainboard | 973 | 475.59 | 36.21x | 1,180 | 1,301.95 | +21.27% | +33.81% |
| Polycab India | 16 April 2019 | Mainboard | 538 | 1,345.26 | 51.88x | 633 | 654.80 | +17.66% | +21.71% |
| Aavas Financiers | 8 October 2018 | Mainboard | 821 | 1,640.32 | 0.97x | 750 | 774.35 | -8.65% | -5.68% |
| Fine Organics | 2 July 2018 | Mainboard | 783 | 600.17 | 8.77x | 815 | 822.80 | +4.09% | +5.08% |
| ICICI Securities | 4 April 2018 | Mainboard | 520 | 3,514.85 | 0.78x | 435 | 445.10 | -16.35% | -14.40% |
| Galaxy Surfactants | 8 February 2018 | Mainboard | 1,480 | 937.09 | 19.96x | 1,525 | 1,700.45 | +3.04% | +14.90% |
| Amber Enterprises | 30 January 2018 | Mainboard | 859 | 599.57 | 165.38x | 1,175 | 1,245.25 | +36.79% | +44.97% |