Media, Entertainment & Publication: IPO Track Record
Mostly SME (34 of 37). Before 2025 its IPOs drew a median 156.37x subscription; since, 4.31x.
Listed IPOs
37
3 mainboard, 34 SME
Amount raised
INR 2,790.62 crore
2021 to 2026
Median gain at open
+13.56%
listing day, vs issue price
Median gain at close
+12.17%
listing day, vs issue price
Opened above issue price
75.68%
share of listings
Closed below issue price
27.03%
on listing day
Median subscription
52.11x
total, final day
Vs same-year IPOs
+1.40
percentage points; median gap at open
Best listing: Maxposure (+339.39% at open, 23 January 2024). Weakest: Value 360 Communications (-20% at open, 11 May 2026).
Mainboard vs SME
| Segment | IPOs | Median gain at open | Median gain at close | Opened above issue | Closed below issue | Median subscription |
|---|---|---|---|---|---|---|
| Mainboard | 3 | +9.97% | +2.56% | 66.67% | 33.33% | 105.81x |
| SME | 34 | +14.82% | +13.59% | 76.47% | 26.47% | 43.94x |
Year by Year
| Year | IPOs | Median gain at open | Median gain at close | Opened above issue | Median subscription |
|---|---|---|---|---|---|
| 2026 | 10 | 0% | +0.17% | 40% | 3.80x |
| 2025 | 7 | +16.09% | +12.17% | 71.43% | 35.76x |
| 2024 | 10 | +47.80% | +55.19% | 90% | 287.12x |
| 2023 | 9 | +38.46% | +45.38% | 100% | 88.43x |
| 2021 | 1 | +80.74% | +44.60% | 100% | 175.46x |
All 37 IPOs
| IPO | Listed | Segment | Issue price (INR) | Issue size (INR crore) | Subscription | Open (INR) | Close (INR) | Gain at open | Gain at close |
|---|---|---|---|---|---|---|---|---|---|
| SK Offset | 30 September 2026 | SME (BSE) | 125 | 29.06 | 1.23x | 126 | 126.35 | +0.80% | +1.08% |
| Liqvd Digital | 30 September 2026 | SME (BSE) | 54 | 39.01 | 5.46x | 53.73 | 51.05 | -0.50% | -5.46% |
| Century Business Media | 21 September 2026 | SME (BSE) | 74 | 17.11 | 58x | 74 | 73.92 | 0% | -0.11% |
| Sunshine Pictures | 25 August 2026 | Mainboard | 360 | 282.14 | 105.81x | 395.90 | 369.20 | +9.97% | +2.56% |
| Optimystix Entertainment | 14 August 2026 | SME (NSE) | 175 | 108.50 | 2.21x | 180 | 189 | +2.86% | +8% |
| Simca Advertising | 15 May 2026 | SME (NSE) | 183 | 58.04 | 80.93x | 156 | 163.80 | -14.75% | -10.49% |
| Value 360 Communications | 11 May 2026 | SME (NSE) | 98 | 41.69 | 1.25x | 78.40 | 82.30 | -20% | -16.02% |
| Emiac Technologies | 13 April 2026 | SME (BSE) | 98 | 31.75 | 3.30x | 107.80 | 108.79 | +10% | +11.01% |
| Novus Loyalty | 25 March 2026 | SME (BSE) | 146 | 60.15 | 1.63x | 146 | 146.65 | 0% | +0.45% |
| Yaap Digital | 5 March 2026 | SME (NSE) | 145 | 80.11 | 4.31x | 127 | 133.35 | -12.41% | -8.03% |
| Dachepalli Publishers | 30 December 2025 | SME (BSE) | 102 | 40.39 | 2.04x | 81.60 | 79.15 | -20% | -22.40% |
| BAG Convergence | 8 October 2025 | SME (NSE) | 87 | 48.72 | 1.45x | 101 | 106.05 | +16.09% | +21.90% |
| Chatterbox Technologies | 3 October 2025 | SME (BSE) | 115 | 42.86 | 52.11x | 135 | 129 | +17.39% | +12.17% |
| Studio LSD | 25 August 2025 | SME (NSE) | 54 | 74.25 | 3.28x | 43.20 | 41.05 | -20% | -23.98% |
| Connplex Cinemas | 14 August 2025 | SME (NSE) | 177 | 90.27 | 35.76x | 195 | 186.90 | +10.17% | +5.59% |
| Cash Ur Drive Marketing | 7 August 2025 | SME (NSE) | 130 | 60.79 | 82.03x | 155 | 157.45 | +19.23% | +21.12% |
| Adcounty Media | 4 July 2025 | SME (BSE) | 85 | 50.69 | 273.16x | 130 | 136.50 | +52.94% | +60.59% |
| Identical Brains Studios | 26 December 2024 | SME (NSE) | 54 | 19.95 | 544.36x | 95 | 99.75 | +75.93% | +84.72% |
| Toss The Coin | 17 December 2024 | SME (BSE) | 182 | 9.17 | 1,025.84x | 345.80 | 363.05 | +90% | +99.48% |
| Pelatro | 24 September 2024 | SME (NSE) | 200 | 55.98 | 21.67x | 275 | 288.75 | +37.50% | +44.38% |
| Picturepost Studios | 9 August 2024 | SME (NSE) | 24 | 18.72 | 266.67x | 30 | 31.50 | +25% | +31.25% |
| Chetana Education | 31 July 2024 | SME (NSE) | 85 | 45.90 | 196.56x | 98.90 | 103.80 | +16.35% | +22.12% |
| Veritaas Advertising | 21 May 2024 | SME (NSE) | 114 | 8.48 | 621.69x | 275 | 261.25 | +141.23% | +129.17% |
| Radiowalla | 5 April 2024 | SME (NSE) | 76 | 14.25 | 307.58x | 120.15 | 126.15 | +58.09% | +65.99% |
| R K Swamy | 12 March 2024 | Mainboard | 288 | 423.56 | 25.78x | 250 | 262.60 | -13.19% | -8.82% |
| Baweja Studios | 6 February 2024 | SME (NSE) | 180 | 97.20 | 2.68x | 183 | 173.85 | +1.67% | -3.42% |
| Maxposure | 23 January 2024 | SME (NSE) | 33 | 20.26 | 904.82x | 145 | 137.75 | +339.39% | +317.42% |
| Graphisads | 13 December 2023 | SME (NSE) | 111 | 53.41 | 3.62x | 111.50 | 105.95 | +0.45% | -4.55% |
| Inspire Films | 5 October 2023 | SME (NSE) | 59 | 21.23 | 90.46x | 67 | 67.85 | +13.56% | +15% |
| Digikore Studios | 4 October 2023 | SME (NSE) | 171 | 30.48 | 243.11x | 270 | 283.50 | +57.89% | +65.79% |
| Pramara Promotions | 13 September 2023 | SME (NSE) | 63 | 15.27 | 24.23x | 111 | 116.55 | +76.19% | +85% |
| Basilic Fly Studio | 11 September 2023 | SME (NSE) | 97 | 66.35 | 358.85x | 271 | 284.55 | +179.38% | +193.35% |
| Crayons Advertising | 2 June 2023 | SME (NSE) | 65 | 41.80 | 137.28x | 90 | 94.50 | +38.46% | +45.38% |
| Innokaiz India | 11 May 2023 | SME (BSE) | 78 | 21.17 | 88.43x | 148.20 | 155.61 | +90% | +99.50% |
| Bright Outdoor Media | 24 March 2023 | SME (BSE) | 146 | 55.48 | 1.22x | 150 | 157.50 | +2.74% | +7.88% |
| VELS Film | 22 March 2023 | SME (NSE) | 99 | 33.74 | 1.04x | 101 | 103.40 | +2.02% | +4.44% |
| Nazara Technologies | 30 March 2021 | Mainboard | 1,101 | 582.69 | 175.46x | 1,990 | 1,592 | +80.74% | +44.60% |