Vivro Financial Services: IPO Track Record
SME only, and the only lead manager on all 13 IPOs. They opened a median 24.12 percentage points above same-year SME listings, though its 3 IPOs in 2026 have a median of 0% at open.
Listed IPOs
13
13 SME
Amount raised
INR 901.04 crore
2023 to 2026
Median gain at open
+43.98%
listing day, vs issue price
Median gain at close
+51.17%
listing day, vs issue price
Opened above issue price
69.23%
share of listings
Closed below issue price
23.08%
on listing day
Median subscription
142.25x
total, final day
Vs same-year IPOs
+24.12
percentage points; median gap at open
Best listing: Shanti Inorganics (+90% at open, 7 September 2026). Weakest: Eleganz Interiors (-6.15% at open, 14 February 2025).
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 | 3 | 0% | +1.52% | 33.33% | 7.19x |
| 2025 | 7 | +26.80% | +33.13% | 71.43% | 198.25x |
| 2024 | 2 | +66.99% | +75.31% | 100% | 263.17x |
| 2023 | 1 | +90% | +99.49% | 100% | 112.33x |
All 13 IPOs Managed
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| Ravita Engineering Services | 22 October 2026 | SME (NSE) | 112 | 116.05 | 7.19x | 112 | 113.70 | 0% | +1.52% |
| Shanti Inorganics | 7 September 2026 | SME (NSE) | 83 | 47.24 | 142.25x | 157.70 | 165.55 | +90% | +99.46% |
| Silverstorm Parks | 31 July 2026 | SME (BSE) | 133 | 82.43 | 2.53x | 132.90 | 126.55 | -0.08% | -4.85% |
| Neochem Bio Solutions | 9 December 2025 | SME (NSE) | 98 | 44.97 | 15.59x | 108 | 111.80 | +10.20% | +14.08% |
| Justo Realfintech | 1 October 2025 | SME (BSE) | 127 | 63 | 4.65x | 126.90 | 126.75 | -0.08% | -0.20% |
| Sattva Engineering | 3 September 2025 | SME (NSE) | 75 | 35.38 | 198.25x | 95.10 | 99.85 | +26.80% | +33.13% |
| FlySBS Aviation | 8 August 2025 | SME (NSE) | 225 | 102.53 | 318.82x | 427.50 | 448.85 | +90% | +99.49% |
| Spunweb Nonwoven | 21 July 2025 | SME (NSE) | 96 | 60.98 | 251.11x | 151 | 158.55 | +57.29% | +65.16% |
| Eleganz Interiors | 14 February 2025 | SME (NSE) | 130 | 78.07 | 30.73x | 122 | 116.05 | -6.15% | -10.73% |
| Fabtech Technologies Cleanrooms | 10 January 2025 | SME (BSE) | 85 | 27.74 | 740.45x | 161.50 | 169.57 | +90% | +99.49% |
| Ganesh Infraworld | 6 December 2024 | SME (NSE) | 83 | 98.58 | 369.71x | 157.70 | 165.55 | +90% | +99.46% |
| Shiv Texchem | 15 October 2024 | SME (BSE) | 166 | 101.35 | 156.63x | 239 | 250.95 | +43.98% | +51.17% |
| Bondada Engineering | 30 August 2023 | SME (BSE) | 75 | 42.72 | 112.33x | 142.50 | 149.62 | +90% | +99.49% |