Nomura Financial Advisory Merchant Banker for IPO Review

Company Name	IPO Year (Listed)	IPO Size (Cr.)	PE Ratio
Anthem Biosciences Limited	21 Jul 2025	3395.00	70.62
HDB Financial Services Limited	02 Jul 2025	12500.00	28.15
Kalpataru Limited	01 Jul 2025	1590.00	1160.05
Ather Energy Limited	06 May 2025	2980.76	-15.52
Afcons Infrastructure Limited	04 Nov 2024	5430.00	46.48
Waaree Energies Limited	28 Oct 2024	4321.44	26.76
Aadhar Housing Finance Limited	15 May 2024	3000.00	18.39
Indegene Limited	13 May 2024	1841.76	33.53
Protean eGov Technologies Limited	13 Nov 2023	490.33	46.51
Avalon Technologies Limited	18 Apr 2023	865.00	55.54
Five Star Business Finance Limited	21 Nov 2022	1593.45	24.76
LIC Life Insurance Corporation of India	17 May 2022	21008.48	201.91
Medplus Health Services Limited	23 Dec 2021	1398.30	71.52
Shriram Properties Limited	20 Dec 2021	600.00	0.00
Rategain Travel Technologies Limited	17 Dec 2021	1335.74	0.00
Fino Payments Bank Limited	12 Nov 2021	1200.29	382.12
Sansera Engineering Limited	24 Sep 2021	1282.98	40.39
CarTrade Tech Limited	20 Aug 2021	2998.51	73.38
Nazara Technologies Limited	30 Mar 2021	582.91	0.00
Gland Pharma Limited	20 Nov 2020	6479.55	19.50
Computer Age Management Services Limited	01 Oct 2020	2244.33	36.81
Happiest Minds Technologies Limited	17 Sep 2020	702.02	12.00
Mindspace Business Parks	07 Aug 2020	4500.00	0.00
Affle (India) Limited	08 Aug 2019	459.00	114.00
Embassy Office Parks	01 Apr 2019	4750.00	0.00
The New India Assurance Company Limited	13 Nov 2017	9600.00	32.00
Tejas Networks Limited	27 Jun 2017	776.69	36.00
Housing and Urban Development Corporation Limited	19 May 2017	1224.35	14.00
Alkem Laboratories Limited	23 Dec 2015	1349.61	28.00
IL&FS Transportation Networks Limited	30 Mar 2010	700.00	169.74
Godrej Properties Limited	05 Jan 2010	468.85	39.14

Company Name	IPO Year (Listed)	Offer Price	Listing Price	Listing Gain (%)
Anthem Biosciences Limited	21 Jul 2025	570.00	723.05	26.85
HDB Financial Services Limited	02 Jul 2025	740.00	835.00	12.84
Ather Energy Limited	06 May 2025	321.00	326.05	1.57
Afcons Infrastructure Limited	04 Nov 2024	463.00	474.55	2.49
Waaree Energies Limited	28 Oct 2024	1503.00	2336.80	55.48
Aadhar Housing Finance Limited	15 May 2024	315.00	329.55	4.62
Indegene Limited	13 May 2024	452.00	570.65	26.25
Protean eGov Technologies Limited	13 Nov 2023	792.00	883.00	883.00
Five Star Business Finance Limited	21 Nov 2022	474.00	489.50	489.50
Medplus Health Services Limited	23 Dec 2021	796.00	1120.85	40.81
Shriram Properties Limited	20 Dec 2021	118.00	99.40	99.40
Rategain Travel Technologies Limited	17 Dec 2021	425.00	340.50	340.50
Fino Payments Bank Limited	12 Nov 2021	577.00	545.25	545.25
Sansera Engineering Limited	24 Sep 2021	744.00	818.70	818.70
CarTrade Tech Limited	20 Aug 2021	1618.00	1500.10	1500.10
Nazara Technologies Limited	30 Mar 2021	1101.00	1576.80	1576.80
Gland Pharma Limited	20 Nov 2020	1500.00	1820.45	1820.45
Computer Age Management Services Limited	01 Oct 2020	1230.00	1401.60	1401.60
Happiest Minds Technologies Limited	17 Sep 2020	166.00	371.00	371.00
Mindspace Business Parks	07 Aug 2020	275.00	303.87	10.50
Affle (India) Limited	08 Aug 2019	745.00	875.10	875.10
Embassy Office Parks	01 Apr 2019	300.00	314.10	4.70
The New India Assurance Company Limited	13 Nov 2017	800.00	725.05	725.05
Tejas Networks Limited	27 Jun 2017	257.00	263.30	263.30
Housing and Urban Development Corporation Limited	19 May 2017	60.00	72.50	20.83
Alkem Laboratories Limited	23 Dec 2015	1050.00	1381.45	1381.45
IL&FS Transportation Networks Limited	30 Mar 2010	258.00	273.75	273.75
Godrej Properties Limited	05 Jan 2010	490.00	534.55	534.55

Company Name	IPO Year (Listed)	Offer Price	Listing Price	Listing Gain (%)
Kalpataru Limited	01 Jul 2025	414.00	414.00	0.00
Avalon Technologies Limited	18 Apr 2023	436.00	397.45	-8.84
LIC Life Insurance Corporation of India	17 May 2022	949.00	875.45	-7.75

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Five Star Business Finance Limited	21 Nov 2022	0.70	1593.45	489.50

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Kalpataru Limited	01 Jul 2025	2.31	1590.00	0.00
Ather Energy Limited	06 May 2025	1.50	2980.76	1.57
Afcons Infrastructure Limited	04 Nov 2024	2.77	5430.00	2.49
Avalon Technologies Limited	18 Apr 2023	2.34	865.00	-8.84
LIC Life Insurance Corporation of India	17 May 2022	2.95	21008.48	-7.75
Fino Payments Bank Limited	12 Nov 2021	2.03	1200.29	545.25
Gland Pharma Limited	20 Nov 2020	2.06	6479.55	1820.45
Embassy Office Parks	01 Apr 2019	2.57	4750.00	4.70
The New India Assurance Company Limited	13 Nov 2017	1.20	9600.00	725.05
Tejas Networks Limited	27 Jun 2017	1.88	776.69	263.30

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Shriram Properties Limited	20 Dec 2021	4.60	600.00	99.40
Godrej Properties Limited	05 Jan 2010	4.00	468.85	534.55

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Anthem Biosciences Limited	21 Jul 2025	67.42	3395.00	26.85
HDB Financial Services Limited	02 Jul 2025	17.65	12500.00	12.84
Waaree Energies Limited	28 Oct 2024	79.44	4321.44	55.48
Aadhar Housing Finance Limited	15 May 2024	26.76	3000.00	4.62
Indegene Limited	13 May 2024	70.30	1841.76	26.25
Protean eGov Technologies Limited	13 Nov 2023	23.86	490.33	883.00
Medplus Health Services Limited	23 Dec 2021	52.59	1398.30	40.81
Rategain Travel Technologies Limited	17 Dec 2021	17.41	1335.74	340.50
Sansera Engineering Limited	24 Sep 2021	11.47	1282.98	818.70
CarTrade Tech Limited	20 Aug 2021	20.29	2998.51	1500.10
Nazara Technologies Limited	30 Mar 2021	175.46	582.91	1576.80
Computer Age Management Services Limited	01 Oct 2020	46.99	2244.33	1401.60
Happiest Minds Technologies Limited	17 Sep 2020	150.98	702.02	371.00
Mindspace Business Parks	07 Aug 2020	12.96	4500.00	10.50
Affle (India) Limited	08 Aug 2019	86.48	459.00	875.10
Housing and Urban Development Corporation Limited	19 May 2017	79.53	1224.35	20.83
Alkem Laboratories Limited	23 Dec 2015	44.29	1349.61	1381.45
IL&FS Transportation Networks Limited	30 Mar 2010	33.42	700.00	273.75

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain (%)

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain (%)

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain(%)
Protean eGov Technologies Limited	13 Nov 2023	490.33 Cr.	46.51	883.00
Affle (India) Limited	08 Aug 2019	459.00 Cr.	114.00	875.10
Godrej Properties Limited	05 Jan 2010	468.85 Cr.	39.14	534.55

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain (%)
Avalon Technologies Limited	18 Apr 2023	865.00 Cr.	55.54	-8.84
Shriram Properties Limited	20 Dec 2021	600.00 Cr.	0.00	99.40
Nazara Technologies Limited	30 Mar 2021	582.91 Cr.	0.00	1576.80
Happiest Minds Technologies Limited	17 Sep 2020	702.02 Cr.	12.00	371.00
Tejas Networks Limited	27 Jun 2017	776.69 Cr.	36.00	263.30
IL&FS Transportation Networks Limited	30 Mar 2010	700.00 Cr.	169.74	273.75

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain (%)
Anthem Biosciences Limited	21 Jul 2025	3395.00 Cr.	70.62	26.85
HDB Financial Services Limited	02 Jul 2025	12500.00 Cr.	28.15	12.84
Kalpataru Limited	01 Jul 2025	1590.00 Cr.	1160.05	0.00
Ather Energy Limited	06 May 2025	2980.76 Cr.	-15.52	1.57
Afcons Infrastructure Limited	04 Nov 2024	5430.00 Cr.	46.48	2.49
Waaree Energies Limited	28 Oct 2024	4321.44 Cr.	26.76	55.48
Aadhar Housing Finance Limited	15 May 2024	3000.00 Cr.	18.39	4.62
Indegene Limited	13 May 2024	1841.76 Cr.	33.53	26.25
Five Star Business Finance Limited	21 Nov 2022	1593.45 Cr.	24.76	489.50
LIC Life Insurance Corporation of India	17 May 2022	21008.48 Cr.	201.91	-7.75
Medplus Health Services Limited	23 Dec 2021	1398.30 Cr.	71.52	40.81
Rategain Travel Technologies Limited	17 Dec 2021	1335.74 Cr.	0.00	340.50
Fino Payments Bank Limited	12 Nov 2021	1200.29 Cr.	382.12	545.25
Sansera Engineering Limited	24 Sep 2021	1282.98 Cr.	40.39	818.70
CarTrade Tech Limited	20 Aug 2021	2998.51 Cr.	73.38	1500.10
Gland Pharma Limited	20 Nov 2020	6479.55 Cr.	19.50	1820.45
Computer Age Management Services Limited	01 Oct 2020	2244.33 Cr.	36.81	1401.60
Mindspace Business Parks	07 Aug 2020	4500.00 Cr.	0.00	10.50
Embassy Office Parks	01 Apr 2019	4750.00 Cr.	0.00	4.70
The New India Assurance Company Limited	13 Nov 2017	9600.00 Cr.	32.00	725.05
Housing and Urban Development Corporation Limited	19 May 2017	1224.35 Cr.	14.00	20.83
Alkem Laboratories Limited	23 Dec 2015	1349.61 Cr.	28.00	1381.45

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Aadhar Housing Finance Limited	15 May 2024	26.76	18.39	4.62
Five Star Business Finance Limited	21 Nov 2022	0.70	24.76	489.50
Gland Pharma Limited	20 Nov 2020	2.06	19.50	1820.45
Happiest Minds Technologies Limited	17 Sep 2020	150.98	12.00	371.00
Housing and Urban Development Corporation Limited	19 May 2017	79.53	14.00	20.83

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
HDB Financial Services Limited	02 Jul 2025	17.65	28.15	12.84
Afcons Infrastructure Limited	04 Nov 2024	2.77	46.48	2.49
Waaree Energies Limited	28 Oct 2024	79.44	26.76	55.48
Indegene Limited	13 May 2024	70.30	33.53	26.25
Protean eGov Technologies Limited	13 Nov 2023	23.86	46.51	883.00
Sansera Engineering Limited	24 Sep 2021	11.47	40.39	818.70
Computer Age Management Services Limited	01 Oct 2020	46.99	36.81	1401.60
The New India Assurance Company Limited	13 Nov 2017	1.20	32.00	725.05
Tejas Networks Limited	27 Jun 2017	1.88	36.00	263.30
Alkem Laboratories Limited	23 Dec 2015	44.29	28.00	1381.45
Godrej Properties Limited	05 Jan 2010	4.00	39.14	534.55

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Anthem Biosciences Limited	21 Jul 2025	67.42	70.62	26.85
Avalon Technologies Limited	18 Apr 2023	2.34	55.54	-8.84
Medplus Health Services Limited	23 Dec 2021	52.59	71.52	40.81
CarTrade Tech Limited	20 Aug 2021	20.29	73.38	1500.10

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Kalpataru Limited	01 Jul 2025	2.31	1160.05	0.00
LIC Life Insurance Corporation of India	17 May 2022	2.95	201.91	-7.75
Fino Payments Bank Limited	12 Nov 2021	2.03	382.12	545.25
Affle (India) Limited	08 Aug 2019	86.48	114.00	875.10
IL&FS Transportation Networks Limited	30 Mar 2010	33.42	169.74	273.75

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Ather Energy Limited	06 May 2025	1.50	-15.52	1.57
Shriram Properties Limited	20 Dec 2021	4.60	0.00	99.40
Rategain Travel Technologies Limited	17 Dec 2021	17.41	0.00	340.50
Nazara Technologies Limited	30 Mar 2021	175.46	0.00	1576.80
Mindspace Business Parks	07 Aug 2020	12.96	0.00	10.50
Embassy Office Parks	01 Apr 2019	2.57	0.00	4.70

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Ather Energy Limited	06 May 2025	Bangalore	Automobile	2980.76	-15.52

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
HDB Financial Services Limited	02 Jul 2025	Ahmedabad	Banking and Finance	12500.00	28.15
Aadhar Housing Finance Limited	15 May 2024	Bangalore	Banking and Finance	3000.00	18.39
Five Star Business Finance Limited	21 Nov 2022	Chennai	Banking and Finance	1593.45	24.76
Fino Payments Bank Limited	12 Nov 2021	Mumbai	Banking and Finance	1200.29	382.12
Computer Age Management Services Limited	01 Oct 2020	Chennai	Banking and Finance	2244.33	36.81

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Protean eGov Technologies Limited	13 Nov 2023	Mumbai	Corporate Solutions	490.33	46.51

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Avalon Technologies Limited	18 Apr 2023	Chennai	Electric Equipments - OEM	865.00	55.54

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Sansera Engineering Limited	24 Sep 2021	Bangalore	Engineering	1282.98	40.39

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Nazara Technologies Limited	30 Mar 2021	Mumbai	Information Technology	582.91	0.00
Happiest Minds Technologies Limited	17 Sep 2020	Bangalore	Information Technology	702.02	12.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Affle (India) Limited	08 Aug 2019	Mumbai	Information Technology - Data Solutions	459.00	114.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Rategain Travel Technologies Limited	17 Dec 2021	New Delhi	Information Technology - SaaS	1335.74	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Afcons Infrastructure Limited	04 Nov 2024	Mumbai	Infrastructure	5430.00	46.48
IL&FS Transportation Networks Limited	30 Mar 2010	Mumbai	Infrastructure	700.00	169.74

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
LIC Life Insurance Corporation of India	17 May 2022	Mumbai	Insurance	21008.48	201.91
The New India Assurance Company Limited	13 Nov 2017	Mumbai	Insurance	9600.00	32.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
CarTrade Tech Limited	20 Aug 2021	Mumbai	Online Service Provider	2998.51	73.38

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Anthem Biosciences Limited	21 Jul 2025	Bangalore	Pharmaceutical	3395.00	70.62
Indegene Limited	13 May 2024	Bangalore	Pharmaceutical	1841.76	33.53
Medplus Health Services Limited	23 Dec 2021	Hyderabad	Pharmaceutical	1398.30	71.52
Gland Pharma Limited	20 Nov 2020	Hyderabad	Pharmaceutical	6479.55	19.50
Alkem Laboratories Limited	23 Dec 2015	Mumbai	Pharmaceutical	1349.61	28.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Kalpataru Limited	01 Jul 2025	Mumbai	Real Estate	1590.00	1160.05
Shriram Properties Limited	20 Dec 2021	Chennai	Real Estate	600.00	0.00
Mindspace Business Parks	07 Aug 2020	Mumbai	Real Estate	4500.00	0.00
Housing and Urban Development Corporation Limited	19 May 2017	New Delhi	Real Estate	1224.35	14.00
Godrej Properties Limited	05 Jan 2010	Mumbai	Real Estate	468.85	39.14

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Embassy Office Parks	01 Apr 2019	Bangalore	Real Estate - REIT	4750.00	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Waaree Energies Limited	28 Oct 2024	Mumbai	Solar	4321.44	26.76

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Tejas Networks Limited	27 Jun 2017	Bangalore	Telecom	776.69	36.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
HDB Financial Services Limited	02 Jul 2025	Ahmedabad	Banking and Finance	12500.00	28.15

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Anthem Biosciences Limited	21 Jul 2025	Bangalore	Pharmaceutical	3395.00	70.62
Ather Energy Limited	06 May 2025	Bangalore	Automobile	2980.76	-15.52
Aadhar Housing Finance Limited	15 May 2024	Bangalore	Banking and Finance	3000.00	18.39
Indegene Limited	13 May 2024	Bangalore	Pharmaceutical	1841.76	33.53
Sansera Engineering Limited	24 Sep 2021	Bangalore	Engineering	1282.98	40.39
Happiest Minds Technologies Limited	17 Sep 2020	Bangalore	Information Technology	702.02	12.00
Embassy Office Parks	01 Apr 2019	Bangalore	Real Estate - REIT	4750.00	0.00
Tejas Networks Limited	27 Jun 2017	Bangalore	Telecom	776.69	36.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Avalon Technologies Limited	18 Apr 2023	Chennai	Electric Equipments - OEM	865.00	55.54
Five Star Business Finance Limited	21 Nov 2022	Chennai	Banking and Finance	1593.45	24.76
Shriram Properties Limited	20 Dec 2021	Chennai	Real Estate	600.00	0.00
Computer Age Management Services Limited	01 Oct 2020	Chennai	Banking and Finance	2244.33	36.81

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Medplus Health Services Limited	23 Dec 2021	Hyderabad	Pharmaceutical	1398.30	71.52
Gland Pharma Limited	20 Nov 2020	Hyderabad	Pharmaceutical	6479.55	19.50

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Kalpataru Limited	01 Jul 2025	Mumbai	Real Estate	1590.00	1160.05
Afcons Infrastructure Limited	04 Nov 2024	Mumbai	Infrastructure	5430.00	46.48
Waaree Energies Limited	28 Oct 2024	Mumbai	Solar	4321.44	26.76
Protean eGov Technologies Limited	13 Nov 2023	Mumbai	Corporate Solutions	490.33	46.51
LIC Life Insurance Corporation of India	17 May 2022	Mumbai	Insurance	21008.48	201.91
Fino Payments Bank Limited	12 Nov 2021	Mumbai	Banking and Finance	1200.29	382.12
CarTrade Tech Limited	20 Aug 2021	Mumbai	Online Service Provider	2998.51	73.38
Nazara Technologies Limited	30 Mar 2021	Mumbai	Information Technology	582.91	0.00
Mindspace Business Parks	07 Aug 2020	Mumbai	Real Estate	4500.00	0.00
Affle (India) Limited	08 Aug 2019	Mumbai	Information Technology - Data Solutions	459.00	114.00
The New India Assurance Company Limited	13 Nov 2017	Mumbai	Insurance	9600.00	32.00
Alkem Laboratories Limited	23 Dec 2015	Mumbai	Pharmaceutical	1349.61	28.00
IL&FS Transportation Networks Limited	30 Mar 2010	Mumbai	Infrastructure	700.00	169.74
Godrej Properties Limited	05 Jan 2010	Mumbai	Real Estate	468.85	39.14

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Rategain Travel Technologies Limited	17 Dec 2021	New Delhi	Information Technology - SaaS	1335.74	0.00
Housing and Urban Development Corporation Limited	19 May 2017	New Delhi	Real Estate	1224.35	14.00

Company Name	IPO Year (Listed)	Offer Price	CMP	Current Market Performance %
Anthem Biosciences Limited	21 Jul 2025	570.00	743.00	30.35%
HDB Financial Services Limited	02 Jul 2025	740.00	798.80	7.95%
Kalpataru Limited	01 Jul 2025	414.00	416.30	0.56%
Ather Energy Limited	06 May 2025	321.00	341.30	6.32%
Waaree Energies Limited	28 Oct 2024	1503.00	3122.00	107.72%
Aadhar Housing Finance Limited	15 May 2024	315.00	504.70	60.22%
Indegene Limited	13 May 2024	452.00	575.40	27.30%
Protean eGov Technologies Limited	13 Nov 2023	792.00	797.00	0.63%
Avalon Technologies Limited	18 Apr 2023	436.00	865.65	98.54%
Five Star Business Finance Limited	21 Nov 2022	474.00	729.65	53.93%
Medplus Health Services Limited	23 Dec 2021	796.00	900.40	13.12%
Rategain Travel Technologies Limited	17 Dec 2021	425.00	465.80	9.60%
Sansera Engineering Limited	24 Sep 2021	744.00	1357.40	82.45%
CarTrade Tech Limited	20 Aug 2021	1618.00	1897.80	17.29%
Nazara Technologies Limited	30 Mar 2021	1101.00	1430.40	29.92%
Gland Pharma Limited	20 Nov 2020	1500.00	2000.30	33.35%
Computer Age Management Services Limited	01 Oct 2020	1230.00	4211.50	242.40%
Happiest Minds Technologies Limited	17 Sep 2020	166.00	626.95	277.68%
Mindspace Business Parks	07 Aug 2020	275.00	419.95	52.71%
Affle (India) Limited	08 Aug 2019	745.00	1903.80	1,177.72%
Embassy Office Parks	01 Apr 2019	300.00	397.18	32.39%
Tejas Networks Limited	27 Jun 2017	257.00	638.70	148.52%
Housing and Urban Development Corporation Limited	19 May 2017	60.00	226.15	276.92%
Alkem Laboratories Limited	23 Dec 2015	1050.00	4998.50	376.05%
Godrej Properties Limited	05 Jan 2010	490.00	2365.40	865.47%

Company Name	IPO Year (Listed)	Offer Price	CMP	Current Market Performance %
Afcons Infrastructure Limited	04 Nov 2024	463.00	417.15	-9.90%
LIC Life Insurance Corporation of India	17 May 2022	949.00	923.15	-2.72%
Shriram Properties Limited	20 Dec 2021	118.00	96.31	-18.38%
Fino Payments Bank Limited	12 Nov 2021	577.00	280.45	-51.40%
The New India Assurance Company Limited	13 Nov 2017	800.00	185.49	-76.81%
IL&FS Transportation Networks Limited	30 Mar 2010	258.00	3.68	-98.57%

Company Name	IPO Year (Listed)	Listing Price	CMP	Current Market Performance %
Anthem Biosciences Limited	21 Jul 2025	723.05	743.00	30.35%
Kalpataru Limited	01 Jul 2025	414.00	416.30	0.56%
Ather Energy Limited	06 May 2025	326.05	341.30	6.32%
Waaree Energies Limited	28 Oct 2024	2336.80	3122.00	107.72%
Aadhar Housing Finance Limited	15 May 2024	329.55	504.70	60.22%
Indegene Limited	13 May 2024	570.65	575.40	27.30%
Avalon Technologies Limited	18 Apr 2023	397.45	865.65	98.54%
Five Star Business Finance Limited	21 Nov 2022	489.50	729.65	53.93%
LIC Life Insurance Corporation of India	17 May 2022	875.45	923.15	-2.72%
Rategain Travel Technologies Limited	17 Dec 2021	340.50	465.80	9.60%
Sansera Engineering Limited	24 Sep 2021	818.70	1357.40	82.45%
CarTrade Tech Limited	20 Aug 2021	1500.10	1897.80	17.29%
Gland Pharma Limited	20 Nov 2020	1820.45	2000.30	33.35%
Computer Age Management Services Limited	01 Oct 2020	1401.60	4211.50	242.40%
Happiest Minds Technologies Limited	17 Sep 2020	371.00	626.95	277.68%
Mindspace Business Parks	07 Aug 2020	303.87	419.95	52.71%
Affle (India) Limited	08 Aug 2019	875.10	1903.80	1,177.72%
Embassy Office Parks	01 Apr 2019	314.10	397.18	32.39%
Tejas Networks Limited	27 Jun 2017	263.30	638.70	148.52%
Housing and Urban Development Corporation Limited	19 May 2017	72.50	226.15	276.92%
Alkem Laboratories Limited	23 Dec 2015	1381.45	4998.50	376.05%
Godrej Properties Limited	05 Jan 2010	534.55	2365.40	865.47%

Company Name	IPO Year (Listed)	Listing Price	CMP	Current Market Performance %
HDB Financial Services Limited	02 Jul 2025	835.00	798.80	7.95%
Afcons Infrastructure Limited	04 Nov 2024	474.55	417.15	-9.90%
Protean eGov Technologies Limited	13 Nov 2023	883.00	797.00	0.63%
Medplus Health Services Limited	23 Dec 2021	1120.85	900.40	13.12%
Shriram Properties Limited	20 Dec 2021	99.40	96.31	-18.38%
Fino Payments Bank Limited	12 Nov 2021	545.25	280.45	-51.40%
Nazara Technologies Limited	30 Mar 2021	1576.80	1430.40	29.92%
The New India Assurance Company Limited	13 Nov 2017	725.05	185.49	-76.81%
IL&FS Transportation Networks Limited	30 Mar 2010	273.75	3.68	-98.57%

Company Name	IPO Year (Listed)	Exchange	PE Ratio	IPO Size (Cr.)

Company Name	IPO Year (Listed)	Exchange	PE Ratio	IPO Size (Cr.)

Company Name	IPO Year (Listed)	IPO Size (Cr.)	Exchange	MIgration date

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List of Merchant Bankers Connect with Nomura Financial Advisory And...

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Nomura Financial Advisory And Securities (India) Private Limited ★★★★☆

Nomura Financial Advisory And Securities (India) Private Limited is a SEBI registered Merchant Banker located in Mumbai. They provide services in various areas of capital markets like, investment trusts, discretionary investment services, and private funds, private equity, private debt etc.

Incorporation Year 2007

City Mumbai

Website https://www.nomuraholdings.com/company/group/asia/nfaspl.html

IPOs so far 31

IPOs by Listing

Gain 28 (90%)

Loss3 (10%)

Latest IPOs

Anthem Biosciences Limited

Sector : Pharmaceutical

Exchange : MainBoard

Listing Date : 21 Jul 2025

IPO Size : 3,395 Cr.

Subscribed : 67.42 x

Listing Gain : 26.85 %

HDB Financial Services Limited

Sector : Banking and Finance

Exchange : MainBoard

Listing Date : 02 Jul 2025

IPO Size : 12,500 Cr.

Subscribed : 17.65 x

Listing Gain : 12.84 %

Kalpataru Limited

Sector : Real Estate

Exchange : MainBoard

Listing Date : 01 Jul 2025

IPO Size : 1,590 Cr.

Subscribed : 2.31 x

Listing Gain : 0.00 %

Ather Energy Limited

Sector : Automobile

Exchange : MainBoard

Listing Date : 06 May 2025

IPO Size : 2,981 Cr.

Subscribed : 1.50 x

Listing Gain : 1.57 %

Afcons Infrastructure Limited

Sector : Infrastructure

Exchange : MainBoard

Listing Date : 04 Nov 2024

IPO Size : 5,430 Cr.

Subscribed : 2.77 x

Listing Gain : 2.49 %

Waaree Energies Limited

Sector : Solar

Exchange : MainBoard

Listing Date : 28 Oct 2024

IPO Size : 4,321 Cr.

Subscribed : 79.44 x

Listing Gain : 55.48 %

Aadhar Housing Finance Limited

Sector : Banking and Finance

Exchange : MainBoard

Listing Date : 15 May 2024

IPO Size : 3,000 Cr.

Subscribed : 26.76 x

Listing Gain : 4.62 %

Indegene Limited

Sector : Pharmaceutical

Exchange : MainBoard

Listing Date : 13 May 2024

IPO Size : 1,842 Cr.

Subscribed : 70.30 x

Listing Gain : 26.25 %

Protean eGov Technologies Limited

Sector : Corporate Solutions

Exchange : MainBoard

Listing Date : 13 Nov 2023

IPO Size : 490 Cr.

Subscribed : 23.86 x

Listing Gain : 883.00 %

Avalon Technologies Limited

Sector : Electric Equipments

Exchange : MainBoard

Listing Date : 18 Apr 2023

IPO Size : 865 Cr.

Subscribed : 2.34 x

Listing Gain : -8.84 %

Five Star Business Finance Limited

Sector : Banking and Finance

Exchange : MainBoard

Listing Date : 21 Nov 2022

IPO Size : 1,593 Cr.

Subscribed : 0.70 x

Listing Gain : 489.50 %

LIC Life Insurance Corporation of India

Sector : Insurance

Exchange : MainBoard

Listing Date : 17 May 2022

IPO Size : 21,008 Cr.

Subscribed : 2.95 x

Listing Gain : -7.75 %

Medplus Health Services Limited

Sector : Pharmaceutical

Exchange : MainBoard

Listing Date : 23 Dec 2021

IPO Size : 1,398 Cr.

Subscribed : 52.59 x

Listing Gain : 40.81 %

Shriram Properties Limited

Sector : Real Estate

Exchange : MainBoard

Listing Date : 20 Dec 2021

IPO Size : 600 Cr.

Subscribed : 4.60 x

Listing Gain : 99.40 %

Rategain Travel Technologies Limited

Sector : Information Technolo

Exchange : MainBoard

Listing Date : 17 Dec 2021

IPO Size : 1,336 Cr.

Subscribed : 17.41 x

Listing Gain : 340.50 %

Fino Payments Bank Limited

Sector : Banking and Finance

Exchange : MainBoard

Listing Date : 12 Nov 2021

IPO Size : 1,200 Cr.

Subscribed : 2.03 x

Listing Gain : 545.25 %

Sansera Engineering Limited

Sector : Engineering

Exchange : MainBoard

Listing Date : 24 Sep 2021

IPO Size : 1,283 Cr.

Subscribed : 11.47 x

Listing Gain : 818.70 %

CarTrade Tech Limited

Sector : Online Service Provi

Exchange : MainBoard

Listing Date : 20 Aug 2021

IPO Size : 2,999 Cr.

Subscribed : 20.29 x

Listing Gain : 1500.10 %

Nazara Technologies Limited

Sector : Information Technolo

Exchange : MainBoard

Listing Date : 30 Mar 2021

IPO Size : 583 Cr.

Subscribed : 175.46 x

Listing Gain : 1576.80 %

Gland Pharma Limited

Sector : Pharmaceutical

Exchange : MainBoard

Listing Date : 20 Nov 2020

IPO Size : 6,480 Cr.

Subscribed : 2.06 x

Listing Gain : 1820.45 %

Computer Age Management Services Limited

Sector : Banking and Finance

Exchange : MainBoard

Listing Date : 01 Oct 2020

IPO Size : 2,244 Cr.

Subscribed : 46.99 x

Listing Gain : 1401.60 %

Happiest Minds Technologies Limited

Sector : Information Technolo

Exchange : MainBoard

Listing Date : 17 Sep 2020

IPO Size : 702 Cr.

Subscribed : 150.98 x

Listing Gain : 371.00 %

Mindspace Business Parks

Sector : Real Estate

Exchange : MainBoard

Listing Date : 07 Aug 2020

IPO Size : 4,500 Cr.

Subscribed : 12.96 x

Listing Gain : 10.50 %

Affle (India) Limited

Sector : Information Technolo

Exchange : MainBoard

Listing Date : 08 Aug 2019

IPO Size : 459 Cr.

Subscribed : 86.48 x

Listing Gain : 875.10 %

Embassy Office Parks

Sector : Real Estate - REIT

Exchange : MainBoard

Listing Date : 01 Apr 2019

IPO Size : 4,750 Cr.

Subscribed : 2.57 x

Listing Gain : 4.70 %

The New India Assurance Company Limited

Sector : Insurance

Exchange : MainBoard

Listing Date : 13 Nov 2017

IPO Size : 9,600 Cr.

Subscribed : 1.20 x

Listing Gain : 725.05 %

Tejas Networks Limited

Sector : Telecom

Exchange : MainBoard

Listing Date : 27 Jun 2017

IPO Size : 777 Cr.

Subscribed : 1.88 x

Listing Gain : 263.30 %

Housing and Urban Development Corporation Limited

Sector : Real Estate

Exchange : MainBoard

Listing Date : 19 May 2017

IPO Size : 1,224 Cr.

Subscribed : 79.53 x

Listing Gain : 20.83 %

Alkem Laboratories Limited

Sector : Pharmaceutical

Exchange : MainBoard

Listing Date : 23 Dec 2015

IPO Size : 1,350 Cr.

Subscribed : 44.29 x

Listing Gain : 1381.45 %

IL&FS Transportation Networks Limited

Sector : Infrastructure

Exchange : MainBoard

Listing Date : 30 Mar 2010

IPO Size : 700 Cr.

Subscribed : 33.42 x

Listing Gain : 273.75 %

Godrej Properties Limited

Sector : Real Estate

Exchange : MainBoard

Listing Date : 05 Jan 2010

IPO Size : 469 Cr.

Subscribed : 4.00 x

Listing Gain : 534.55 %

IPOs by Subscription

Subscribed Less than 1 times 1 (3%)

Subscribed 1 to 3 times 10 (32%)

Subscribed 3 to 5 times2 (6%)

Subscribed 5 to 10 times 0 (0%)

Subscribed more than 10 times18 (58%)

IPOs by IPO Size

0-100 Cr 0 (0%)

100-250 Cr 0 (0%)

250-500 Cr 3 (10%)

500-1,000 Cr 6 (19%)

1,000+ Cr22 (71%)

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IPOs by PE

IPOs by City

Ahmedabad 1

Bangalore 8

Chennai 4

Hyderabad 2

Mumbai 14

New Delhi 2

IPOs by Sector

Automobile 1

Banking and Finance 5

Corporate Solutions 1

Electric Equipments - OEM 1

Engineering 1

Information Technology 2

Information Technology - Data Solutions 1

Information Technology - SaaS 1

Infrastructure 2

Insurance 2

Online Service Provider 1

Pharmaceutical 5

Real Estate 5

Real Estate - REIT 1

Solar 1

Telecom 1

IPOs by Post Listing Performance

Offer Price Vs Current Market Price

Gain 25 (81%)

Loss 6 (19%)

Listing Price Vs Current Market Price

Gain 22 (71%)

Loss 9 (29%)

Upcoming IPOs of Nomura Financial

The below mentioned are the forthcoming IPOs for which DRHPs have been filed recently and are in process of approval by the BSE or NSE exchange.

ICICI Prudential Asset Management Company Limited

New Delhi

Banking and Finance

Date of DRHP : 08 Jul 2025

Revenue : 4,977.33

PAT : 2,650.66

Read DRHP

Detailed Review

Wakefit Innovations Limited

Bangalore

Furniture

Date of DRHP : 26 Jun 2025

Revenue : 1,294.79

PAT : -11.75

Read DRHP

Detailed Review

Capillary Technologies India Limited

Bangalore

Information Technology - SaaS

Date of DRHP : 18 Jun 2025

Revenue : 652.65

PAT : 11.65

Read DRHP

Detailed Review

Inventurus Knowledge Solutions Limited

Mumbai

Healthcare

Date of DRHP : 12 Aug 2024

Revenue : 1,857.94

PAT : 370.49

Read DRHP

Detailed Review

Avanse Financial Services Limited

Mumbai

Banking and Finance

Date of DRHP : 31 Jul 2024

Revenue : 1,726.96

PAT : 342.40

Read DRHP

Detailed Review

Fabindia Limited

New Delhi

Retail

Date of DRHP : 22 Jul 2025

Revenue : 1,112.08

PAT : -103.46

Read DRHP

Detailed Review

*The Revenue and PAT figures mentioned above are on the Annualised basis.

Other Useful Resources

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Explore MainBoard IPOs

Compare Nomura Financial with Other Merchant Bankers

List of All Merchant Bankers

Important Links

Thinking ofListing Your Business through SME IPO?

We can Help!

Nomura Financial Advisory And Securities (India) Private Limited ★★★★☆

IPOs so far 31

IPOs by Listing

Latest IPOs

Anthem Biosciences Limited

HDB Financial Services Limited

Kalpataru Limited

Ather Energy Limited

Afcons Infrastructure Limited

Waaree Energies Limited

Aadhar Housing Finance Limited

Indegene Limited

Protean eGov Technologies Limited

Avalon Technologies Limited

Five Star Business Finance Limited

LIC Life Insurance Corporation of India

Medplus Health Services Limited

Shriram Properties Limited

Rategain Travel Technologies Limited

Fino Payments Bank Limited

Sansera Engineering Limited

CarTrade Tech Limited

Nazara Technologies Limited

Gland Pharma Limited

Computer Age Management Services Limited

Happiest Minds Technologies Limited

Mindspace Business Parks

Affle (India) Limited

Embassy Office Parks

The New India Assurance Company Limited

Tejas Networks Limited

Housing and Urban Development Corporation Limited

Alkem Laboratories Limited

IL&FS Transportation Networks Limited

Godrej Properties Limited

IPOs by Subscription

IPOs by IPO Size

Thinking ofListing Your Business through IPO?

IPOs by PE

IPOs by City

IPOs by Sector

IPOs by Post Listing Performance

Offer Price Vs Current Market Price

Listing Price Vs Current Market Price

Upcoming IPOs of Nomura Financial

ICICI Prudential Asset Management Company Limited

Wakefit Innovations Limited

Capillary Technologies India Limited

Inventurus Knowledge Solutions Limited

Avanse Financial Services Limited

Fabindia Limited

Other Useful Resources

Thinking of
Listing Your Business through
SME IPO?

Thinking of
Listing Your Business through IPO?