Seren Capital: IPO Track Record
Listed IPOs
10
10 SME
Amount raised
INR 449.12 crore
2025 to 2026
Median gain at open
+25.36%
listing day, vs issue price
Median gain at close
+31.62%
listing day, vs issue price
Opened above issue price
90%
share of listings
Closed below issue price
10%
on listing day
Median subscription
203.82x
total, final day
Vs same-year IPOs
+23.29
percentage points; median gap at open
Best listing: Roopa Screen (+90% at open, 1 October 2026). Weakest: Rajnandini Fashion (0% at open, 3 June 2026).
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 | 6 | +28.20% | +34.62% | 83.33% | 216.76x |
| 2025 | 4 | +23.62% | +28.92% | 100% | 89.09x |
All 10 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Roopa Screen | 1 October 2026 | SME (BSE) | 64 | 19.20 | 272.02x | 121.60 | 115.52 | +90% | +80.50% |
| GV Electricals | 12 August 2026 | SME (BSE) | 130 | 42.25 | – | 158 | 165.90 | +21.54% | +27.62% |
| Susan Electricals | 18 June 2026 | SME (BSE) | 127 | 70.38 | 216.76x | 186 | 195.30 | +46.46% | +53.78% |
| Rajnandini Fashion | 3 June 2026 | SME (BSE) | 63 | 18.21 | 203.82x | 63 | 60.57 | 0% | -3.86% |
| Recode Studios | 12 May 2026 | SME (BSE) | 158 | 44.59 | 234.71x | 213.10 | 223.75 | +34.87% | +41.61% |
| Msafe Equipments | 4 February 2026 | SME (BSE) | 123 | 66.42 | 166.81x | 144 | 150.30 | +17.07% | +22.20% |
| Gallard Steel | 26 November 2025 | SME (BSE) | 150 | 37.50 | 375.62x | 223.10 | 234.25 | +48.73% | +56.17% |
| Karbonsteel Engineering | 16 September 2025 | SME (BSE) | 159 | 59.30 | 76.67x | 185.10 | 194.35 | +16.42% | +22.23% |
| Mehul Colours | 6 August 2025 | SME (BSE) | 72 | 21.66 | 8.07x | 85 | 86.03 | +18.06% | +19.49% |
| Patil Automation | 23 June 2025 | SME (NSE) | 120 | 69.61 | 101.50x | 155 | 162.75 | +29.17% | +35.62% |