Share India Capital Services: IPO Track Record
Mostly SME. Its 8 listings in 2024 had a median gain at open of 90%; since 2025 the median is 1.30% across 10, and half opened above the issue price.
Listed IPOs
23
1 mainboard, 22 SME
Amount raised
INR 1,028.99 crore
2023 to 2026
Median gain at open
+7.09%
listing day, vs issue price
Median gain at close
+7.74%
listing day, vs issue price
Opened above issue price
65.22%
share of listings
Closed below issue price
26.09%
on listing day
Median subscription
16.61x
total, final day
Vs same-year IPOs
+1.15
percentage points; median gap at open
Best listing: Krishca Strapping (+120% at open, 26 May 2023). Weakest: Infonative Solutions (-20% at open, 8 April 2025).
An IPO with several lead managers counts towards each of them.
Mainboard vs SME
| Segment | IPOs | Median gain at open | Median gain at close | Opened above issue | Closed below issue | Median subscription |
|---|---|---|---|---|---|---|
| Mainboard | 1 | +7.09% | +1.73% | 100% | 0% | 12.24x |
| SME | 22 | +14.33% | +14.94% | 63.64% | 27.27% | 19.12x |
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 5 | +3.03% | +3.79% | 80% | 12.24x |
| 2025 | 5 | -2.70% | -7.57% | 20% | 4.58x |
| 2024 | 8 | +90% | +99.45% | 100% | 240.48x |
| 2023 | 5 | 0% | +5% | 40% | 3.36x |
All 23 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Pooja Logistics | 30 September 2026 | SME (NSE) | 115 | 44.23 | 3.19x | 118 | 123.90 | +2.61% | +7.74% |
| Oneindig Technologies | 6 August 2026 | SME (BSE) | 96 | 27.65 | 1.81x | 120 | 126 | +25% | +31.25% |
| Xtranet Technologies | 30 July 2026 | Mainboard | 127 | 166.80 | 12.24x | 136 | 129.20 | +7.09% | +1.73% |
| Happy Steels | 16 July 2026 | SME (NSE) | 66 | 25 | 77.89x | 68 | 68.50 | +3.03% | +3.79% |
| GRE Renew Enertech | 21 January 2026 | SME (BSE) | 105 | 39.56 | 16.61x | 96 | 91.20 | -8.57% | -13.14% |
| Optivalue Tek | 10 September 2025 | SME (NSE) | 84 | 51.82 | 64.52x | 103.60 | 102.60 | +23.33% | +22.14% |
| NIS Management | 2 September 2025 | SME (BSE) | 111 | 60.01 | 3.23x | 108 | 102.60 | -2.70% | -7.57% |
| Star Imaging & Path Lab | 18 August 2025 | SME (BSE) | 142 | 69.47 | 5.82x | 142 | 135.95 | 0% | -4.26% |
| Infonative Solutions | 8 April 2025 | SME (BSE) | 79 | 24.71 | 4.58x | 63.20 | 60.04 | -20% | -24% |
| Paradeep Parivahan | 24 March 2025 | SME (BSE) | 98 | 44.86 | 1.99x | 78.40 | 82.32 | -20% | -16% |
| Apex Ecotech | 4 December 2024 | SME (NSE) | 73 | 25.54 | 457.15x | 138.70 | 145.60 | +90% | +99.45% |
| Envirotech Systems | 24 September 2024 | SME (NSE) | 56 | 30.24 | 91.88x | 106.40 | 111.70 | +90% | +99.46% |
| VVIP Infratech | 30 July 2024 | SME (BSE) | 93 | 61.21 | 236.86x | 176.70 | 185.53 | +90% | +99.49% |
| GEM Enviro | 26 June 2024 | SME (BSE) | 75 | 44.93 | 244.09x | 142.50 | 149.62 | +90% | +99.49% |
| AVP Infracon | 20 March 2024 | SME (NSE) | 75 | 52.34 | 21.62x | 79 | 75.05 | +5.33% | +0.07% |
| Pune E-Stock Broking | 15 March 2024 | SME (BSE) | 83 | 38.23 | 296.65x | 130 | 133.18 | +56.63% | +60.46% |
| WTi Cabs | 19 February 2024 | SME (NSE) | 147 | 94.68 | 163.87x | 195 | 204.75 | +32.65% | +39.29% |
| New Swan Multitech | 18 January 2024 | SME (BSE) | 66 | 33.11 | 356.91x | 125.40 | 131.67 | +90% | +99.50% |
| Krishca Strapping | 26 May 2023 | SME (NSE) | 54 | 17.93 | 336.57x | 118.80 | 112.90 | +120% | +109.07% |
| De Neers Tools | 11 May 2023 | SME (NSE) | 101 | 22.99 | 15.04x | 190 | 180.50 | +88.12% | +78.71% |
| A G Universal | 24 April 2023 | SME (NSE) | 60 | 8.72 | 3.36x | 60 | 60.10 | 0% | +0.17% |
| Exhicon Events | 17 April 2023 | SME (BSE) | 64 | 21.12 | 1.95x | 64 | 67.20 | 0% | +5% |
| Maiden Forgings | 6 April 2023 | SME (BSE) | 63 | 23.84 | 1.20x | 63 | 59.86 | 0% | -4.98% |