Cameo Corporate Services: IPO Track Record

Mostly SME. The lowest median gain at open among registrars with a page (2.83%); since 2025, 14 of 34 IPOs opened above the issue price.

Listed IPOs
68
4 mainboard, 64 SME
Amount raised
INR 3,018.01 crore
2023 to 2026
Median gain at open
+2.83%
listing day, vs issue price
Median gain at close
+3.82%
listing day, vs issue price
Opened above issue price
58.82%
share of listings
Closed below issue price
36.76%
on listing day
Median subscription
21.89x
total, final day
Vs same-year IPOs
-4.45
percentage points; median gap at open

Best listing: Presstonic Engineering (+94.44% at open, 18 December 2023). Weakest: Pushpa Jewellers (-23.81% at open, 7 July 2025).

Mainboard vs SME

SegmentIPOsMedian gain at openMedian gain at closeOpened above issueClosed below issueMedian subscription
Mainboard4+0.44%-7.04%50%50%13.04x
SME64+3.53%+3.82%59.38%35.94%21.89x

Year by Year

YearIPOsMedian gain at openMedian gain at closeOpened above issueMedian subscription
202690%-5.69%22.22%2.17x
2025250%+0.14%48%6.27x
202417+15.96%+21.60%82.35%107.50x
202317+6.06%+6.71%70.59%39.96x

All 68 IPOs Handled

IPOListedSegmentIssue price (INR)Issue size (INR crore)SubscriptionOpen (INR)Close (INR)Gain at openGain at close
RK Fashion Accessories12 October 2026SME (NSE)8234.992.75x8076-2.44%-7.32%
ArMee Infotech30 September 2026Mainboard3753002.62x3753000%-20%
Mopshop Distribution26 August 2026SME (BSE)13827.261.64x137130.15-0.72%-5.69%
Dhanwel Hybrid Seeds26 August 2026SME (BSE)9926.731.71x9994.050%-5%
Fascinate Textiles24 August 2026SME (NSE)15164.83–120.80114.80-20%-23.97%
Seemax Resources7 July 2026SME (BSE)14119.743.67x112.80107.20-20%-23.97%
Diksha Polymers24 June 2026SME (BSE)11217.902.94x114.50120.20+2.23%+7.32%
Utkal Speciality Industries17 June 2026SME (NSE)6634.541.69x6662.700%-5%
Elfin Agro India12 March 2026SME (BSE)4725.031.41x47.3047.60+0.64%+1.28%
Sundrex Oil30 December 2025SME (NSE)8632.241.59x68.8065.40-20%-23.95%
Shipwaves Online17 December 2025SME (BSE)1256.351.70x1211.400%-5%
Systematic Industries1 October 2025SME (BSE)195115.606.27x193.80196.45-0.62%+0.74%
Gurunanak Agriculture1 October 2025SME (NSE)7528.801.77x6057-20%-24%
BMW Ventures1 October 2025Mainboard99231.661.50x7874.10-21.21%-25.15%
Sampat Aluminium24 September 2025SME (BSE)12030.53169.30x120115.150%-4.04%
LT Elevator19 September 2025SME (BSE)7839.37183.03x136.10142.90+74.49%+83.21%
Galaxy Medicare17 September 2025SME (NSE)5422.311.89x5451.300%-5%
Krupalu Metals16 September 2025SME (BSE)7213.481.25x57.6060.48-20%-16%
Optivalue Tek10 September 2025SME (NSE)8451.8264.52x103.60102.60+23.33%+22.14%
Icodex Publishing Solutions19 August 2025SME (BSE)10242.034x81.6077.55-20%-23.97%
Medistep Healthcare18 August 2025SME (NSE)4316.10375.29x5350.35+23.26%+17.09%
Takyon Networks6 August 2025SME (BSE)5420.4821.89x55.8555.72+3.43%+3.19%
BD Industries6 August 2025SME (BSE)10845.361.89x108.90108.15+0.83%+0.14%
Repono4 August 2025SME (BSE)9626.6865.11x89.9987.09-6.26%-9.28%
Pushpa Jewellers7 July 2025SME (NSE)14798.652.52x112117.60-23.81%-20%
PRO FX Tech3 July 2025SME (NSE)8740.3025.50x9599.75+9.20%+14.66%
Rama Telecom2 July 2025SME (NSE)6825.131.66x7268.40+5.88%+0.59%
NR Vandana Tex4 June 2025SME (NSE)4527.89101.07x4543.700%-2.89%
Spinaroo Commercial8 April 2025SME (BSE)5110.171.57x52.8554.44+3.63%+6.75%
Shri Ahimsa Naturals2 April 2025SME (NSE)11973.8162.79x140147+17.65%+23.53%
NAPS Global India11 March 2025SME (BSE)9011.881.24x108102.60+20%+14%
HM Electro Mech31 January 2025SME (BSE)7527.7492.57x8177.04+8%+2.72%
Rexpro Enterprises29 January 2025SME (NSE)14553.6517.77x117111.15-19.31%-23.34%
Kabra Jewels22 January 2025SME (NSE)12840356.17x243.20255.35+90%+99.49%
Phoenix Overseas27 September 2024SME (NSE)6436.03121.18x6460.800%-5%
Sodhani Academy23 September 2024SME (BSE)406.12438.77x5355.65+32.50%+39.12%
Tolins Tyres16 September 2024Mainboard22623023.45x228239.40+0.88%+5.93%
Aditya Ultra Steel16 September 2024SME (NSE)6245.8810.04x69.9066.40+12.74%+7.10%
Travels and Rentals5 September 2024SME (BSE)4012.24608.27x5557.75+37.50%+44.38%
Vdeal System3 September 2024SME (NSE)11218.0867.17x170178.50+51.79%+59.38%
Resourceful Automobile29 August 2024SME (BSE)11711.99418.87x117122.850%+5%
QVC Exports28 August 2024SME (NSE)8624.07507.60x161152.95+87.21%+77.85%
Sunlite Recycling20 August 2024SME (NSE)10530.24282.53x199.50209.45+90%+99.48%
Magenta Lifecare12 June 2024SME (BSE)357983.24x4547.25+28.57%+35%
Mandeep Auto21 May 2024SME (NSE)6725.2576.09x62.2565.35-7.09%-2.46%
Piotex Industries17 May 2024SME (BSE)9414.47107.50x109114.30+15.96%+21.60%
Shivam Chemicals30 April 2024SME (BSE)4420.186.66x4847.40+9.09%+7.73%
Mukka Proteins7 March 2024Mainboard28224136.99x4042.25+42.86%+50.89%
Atmastco23 February 2024SME (NSE)7756.2516.63x9195.55+18.18%+24.09%
Mayank Cattle Food5 February 2024SME (BSE)10819.448.89x116119.95+7.41%+11.06%
HRH Next3 January 2024SME (NSE)369.5761.98x4143.05+13.89%+19.58%
Siyaram Recycling21 December 2023SME (BSE)4622.96358.07x5557.75+19.57%+25.54%
Presstonic Engineering18 December 2023SME (NSE)7223.30153.04x140147+94.44%+104.17%
Arrowhead28 November 2023SME (BSE)2331389.71x250237.50+7.30%+1.93%
Vishnusurya Projects10 October 2023SME (NSE)6849.9838.01x7376.65+7.35%+12.72%
Kontor Space10 October 2023SME (NSE)9315.6265.20x122115.90+31.18%+24.62%
Kundan Edifice26 September 2023SME (NSE)9125.2339.96x7578.75-17.58%-13.46%
Holmarc Opto-Mechatronics25 September 2023SME (NSE)4011.4080.30x65.2568.50+63.13%+71.25%
Jiwanram Sheoduttrai18 September 2023SME (NSE)2317.07110.70x3028.50+30.43%+23.91%
Khazanchi Jewellers7 August 2023SME (BSE)14096.741.25x142.30149.40+1.64%+6.71%
Asarfi Hospital26 July 2023SME (BSE)5226.94181.51x98.80103.74+90%+99.50%
Alphalogic Industries14 July 2023SME (BSE)9612.885.26x9696.290%+0.30%
CFF Fluid Control12 June 2023SME (BSE)16585.802.04x175183.75+6.06%+11.36%
Auro Impex23 May 2023SME (NSE)7827.0766.93x7875.700%-2.95%
VELS Film22 March 2023SME (NSE)9933.741.04x101103.40+2.02%+4.44%
ITCONS E-Solutions13 March 2023SME (BSE)518.6716.67x46.9949.33-7.86%-3.27%
Indong Tea Company21 February 2023SME (BSE)2613.015.07x20.8021.80-20%-16.15%
DHARNI Capital31 January 2023SME (BSE)2010.746.24x2120.25+5%+1.25%