Sobhagya Capital Options: IPO Track Record
All 11 IPOs listed in 2025 or 2026, mostly on BSE SME, with a median subscription of 1.75x. Only 4 opened above the issue price and 7 closed below it on listing day, the lowest median gain at open (−1.96%) among lead managers with a page.
Listed IPOs
11
11 SME
Amount raised
INR 370.43 crore
2025 to 2026
Median gain at open
-1.96%
listing day, vs issue price
Median gain at close
-5%
listing day, vs issue price
Opened above issue price
36.36%
share of listings
Closed below issue price
63.64%
on listing day
Median subscription
1.75x
total, final day
Vs same-year IPOs
-4.63
percentage points; median gap at open
Best listing: Accretion Nutraveda (+48.06% at open, 4 February 2026). Weakest: UHM Vacation (-20% at open, 11 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 | -4.73% | -9.49% | 33.33% | 1.85x |
| 2025 | 5 | -1.96% | +0.76% | 40% | 1.46x |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Paramount Syntex | 9 October 2026 | SME (BSE) | 127 | 81.79 | 1.83x | 115 | 109.25 | -9.45% | -13.98% |
| Quanto Agroworld | 22 September 2026 | SME (BSE) | 67 | 31.02 | 1.45x | 66.99 | 63.65 | -0.01% | -5% |
| UHM Vacation | 11 June 2026 | SME (BSE) | 166 | 36 | 2.42x | 132.80 | 126.20 | -20% | -23.98% |
| Safety Controls | 13 April 2026 | SME (BSE) | 80 | 48 | 1.35x | 83 | 78.99 | +3.75% | -1.26% |
| Accretion Nutraveda | 4 February 2026 | SME (BSE) | 129 | 24.77 | 1.91x | 191 | 191.20 | +48.06% | +48.22% |
| Armour Security India | 22 January 2026 | SME (NSE) | 57 | 26.51 | 1.87x | 45.60 | 43.35 | -20% | -23.95% |
| Flywings Simulator Training Centre | 12 December 2025 | SME (NSE) | 191 | 57.05 | 1.75x | 195 | 204.75 | +2.09% | +7.20% |
| Western Overseas | 11 December 2025 | SME (BSE) | 56 | 10.07 | 1.46x | 54.90 | 52.16 | -1.96% | -6.86% |
| Shining Tools | 14 November 2025 | SME (BSE) | 114 | 17.10 | 1.20x | 104 | 98.80 | -8.77% | -13.33% |
| Sihora Industries | 17 October 2025 | SME (BSE) | 66 | 10.56 | 1.33x | 70 | 66.50 | +6.06% | +0.76% |
| Asston Pharmaceuticals | 16 July 2025 | SME (BSE) | 123 | 27.56 | 186.66x | 119 | 124.95 | -3.25% | +1.59% |