Why are some issues missing?

We include issues listed on NSE that NSE still shows details for, with an issue price under ₹10,000 per share. Issues listed only on BSE are not included.

Why does one issue count for several lead managers?

Most mainboard issues have more than one lead manager, and the issue is counted once for each of them.

IPO lead managers and registrars

The NSE-listed IPOs each firm handled in a year, and how those issues traded on listing day and since, against the issue price.

Still reading 107 of 129 issues from NSE. The figures below leave those out; reload in a minute to include them.

Lead managers, 2025

18 lead managers across 20 issues. An issue with several lead managers counts once for each.

IPO lead managers 2025. Select a column heading to sort.

Hem Securities3 SME	3	+19.0%	1 of 1	+6.3%
Narnolia Financial Services2 SME	2	+2.5%	1 of 2	+26.5%
3Dimension Capital Services1 SME	1	+90.0%	1 of 1	+109.9%
Affinity Global Capital Market1 SME	1	−20.0%	0 of 1	−63.4%
Corporate Professionals Capital1 SME	1	+3.5%	1 of 1	+4.6%
Fedex Securities1 SME	1	–	–	–
Finaax Capital Advisors1 SME	1	+14.1%	1 of 1	+43.6%
Getfive Advisors1 SME	1	+14.4%	1 of 1	+152.3%
Gretex Corporate Services1 SME	1	+2.1%	1 of 1	+56.8%
Holani Consultants1 SME	1	+90.0%	1 of 1	−27.1%
Horizon Management1 SME	1	−9.8%	0 of 1	−47.7%
Interactive Financial Services1 SME	1	−20.0%	0 of 1	+84.8%
Kreo Capital1 SME	1	−2.2%	0 of 1	−76.7%
SKI Capital Services1 SME	1	+10.6%	1 of 1	−9.9%
Sobhagya Capital Options1 SME	1	+2.1%	1 of 1	+56.8%
Socradamus Capital1 SME	1	+17.6%	1 of 1	−14.7%
Unistone Capital1 SME	1	+7.1%	1 of 1	+32.1%
Vivro Financial Services1 SME	1	+10.2%	1 of 1	+6.7%

How to read this

Lead managers (book running lead managers) run the issue for the company: they help price it, prepare the offer documents and market it. The registrar processes applications, runs the allotment and credits shares.

The median listing-day gain is the middle value across that firm’s issues shown here. Firms with few issues can have very different medians by chance, and the figures do not measure the quality of a firm’s work.

Why are some issues missing?: We include issues listed on NSE that NSE still shows details for, with an issue price under ₹10,000 per share. Issues listed only on BSE are not included.
Why does one issue count for several lead managers?: Most mainboard issues have more than one lead manager, and the issue is counted once for each of them.

Registrars, 2025

Check allotment

The registrar handles applications and the allotment for an issue. 6 registrars across 20 issues.

IPO registrars 2025. Select a column heading to sort.

Bigshare Services9 SME	9	+14.4%	6 of 7	+4.6%
MUFG Intime6 SME	6	+10.2%	4 of 5	+43.6%
Maashitla Securities2 SME	2	+2.5%	1 of 2	+26.5%
Cameo Corporate Services1 SME	1	−20.0%	0 of 1	−63.4%
MAS Services1 SME	1	−2.2%	0 of 1	−76.7%
Skyline Financial Services1 SME	1	+10.6%	1 of 1	−9.9%

Information only. A firm’s past issues say nothing about how a future issue will list, and this is not a rating of any firm.