Equirus Capital Merchant Banker for IPO Review

Company Name	IPO Year (Listed)	IPO Size (Cr.)	PE Ratio
Unimech Aerospace And Manufacturing Limited	31 Dec 2024	500.00	51.61
Senores Pharmaceuticals Limited	30 Dec 2024	582.11	28.21
Concord Enviro Systems Limited	27 Dec 2024	500.33	30.79
Godavari Biorefineries Limited	30 Oct 2024	554.75	0.00
Kross Limited	16 Sep 2024	500.00	34.50
ECOS (India) Mobility & Hospitality Limited	04 Sep 2024	601.20	32.05
DEE Development Engineers Limited	26 Jun 2024	418.01	73.33
Capital Small Finance Bank Limited	14 Feb 2024	523.07	35.29
Jyoti CNC Automation Limited	16 Jan 2024	1000.00	13.59
Happy Forgings Limited	27 Dec 2023	1008.59	9.87
Fedbank Financial Services Limited	30 Nov 2023	1092.26	16.66
Protean eGov Technologies Limited	13 Nov 2023	490.33	46.51
Zaggle Prepaid Ocean Services Limited	22 Sep 2023	563.38	0.00
Netweb Technologies India Limited	27 Jul 2023	631.00	0.00
Divgi TorqTransfer Systems Limited	14 Mar 2023	412.12	35.16
Inox Green Energy Services Limited	23 Nov 2022	740.00	0.00
Harsha Engineers International Limited	26 Sep 2022	755.00	32.67
Dreamfolks Services Limited	06 Sep 2022	562.10	104.82
Prudent Corporate Advisory Services Limited	20 May 2022	538.61	33.94
Metro Brands Limited	22 Dec 2021	1367.51	157.23
Anand Rathi Wealth Limited	14 Dec 2021	660.00	18.67
Krsnaa Diagnostics Limited	16 Aug 2021	1213.33	80.91
Rolex Rings Limited	09 Aug 2021	731.00	28.18
G R Infraprojects Limited	19 Jul 2021	963.28	16.73
Antony Waste Handling Cell Limited	01 Jan 2021	300.00	15.32
MSTC Limited	29 Mar 2019	212.04	0.00
Shankara Building Products Limited	05 Apr 2017	345.00	18.00

Company Name	IPO Year (Listed)	Offer Price	Listing Price	Listing Gain (%)
Unimech Aerospace And Manufacturing Limited	31 Dec 2024	785.00	1460.00	85.99
Senores Pharmaceuticals Limited	30 Dec 2024	391.00	609.00	55.75
Concord Enviro Systems Limited	27 Dec 2024	701.00	826.00	17.83
Kross Limited	16 Sep 2024	240.00	259.50	8.13
ECOS (India) Mobility & Hospitality Limited	04 Sep 2024	334.00	442.80	32.57
DEE Development Engineers Limited	26 Jun 2024	203.00	335.00	65.02
Jyoti CNC Automation Limited	16 Jan 2024	331.00	433.15	30.86
Happy Forgings Limited	27 Dec 2023	850.00	1029.80	21.15
Fedbank Financial Services Limited	30 Nov 2023	140.00	140.00	140.00
Protean eGov Technologies Limited	13 Nov 2023	792.00	883.00	883.00
Zaggle Prepaid Ocean Services Limited	22 Sep 2023	164.00	158.30	158.30
Netweb Technologies India Limited	27 Jul 2023	500.00	910.00	82.00
Divgi TorqTransfer Systems Limited	14 Mar 2023	590.00	604.00	604.00
Harsha Engineers International Limited	26 Sep 2022	330.00	485.90	485.90
Dreamfolks Services Limited	06 Sep 2022	326.00	462.65	41.92
Prudent Corporate Advisory Services Limited	20 May 2022	630.00	562.70	562.70
Anand Rathi Wealth Limited	14 Dec 2021	550.00	583.50	583.50
Krsnaa Diagnostics Limited	16 Aug 2021	954.00	990.75	990.75
Rolex Rings Limited	09 Aug 2021	900.00	1166.55	1166.55
G R Infraprojects Limited	19 Jul 2021	837.00	1746.80	1746.80
Antony Waste Handling Cell Limited	01 Jan 2021	315.00	407.25	407.25
MSTC Limited	29 Mar 2019	120.00	114.20	114.20
Shankara Building Products Limited	05 Apr 2017	460.00	632.80	37.57

Company Name	IPO Year (Listed)	Offer Price	Listing Price	Listing Gain (%)
Godavari Biorefineries Limited	30 Oct 2024	352.00	342.85	-2.60
Capital Small Finance Bank Limited	14 Feb 2024	468.00	434.30	-7.20
Inox Green Energy Services Limited	23 Nov 2022	65.00	59.10	-9.08
Metro Brands Limited	22 Dec 2021	500.00	493.55	-1.29

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

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Godavari Biorefineries Limited	30 Oct 2024	1.87	554.75	-2.60
Fedbank Financial Services Limited	30 Nov 2023	2.24	1092.26	140.00
Inox Green Energy Services Limited	23 Nov 2022	1.55	740.00	-9.08
Prudent Corporate Advisory Services Limited	20 May 2022	1.22	538.61	562.70
MSTC Limited	29 Mar 2019	1.46	212.04	114.20

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Capital Small Finance Bank Limited	14 Feb 2024	4.17	523.07	-7.20
Metro Brands Limited	22 Dec 2021	3.64	1367.51	-1.29

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Divgi TorqTransfer Systems Limited	14 Mar 2023	5.44	412.12	604.00
Anand Rathi Wealth Limited	14 Dec 2021	9.78	660.00	583.50

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Unimech Aerospace And Manufacturing Limited	31 Dec 2024	184.34	500.00	85.99
Senores Pharmaceuticals Limited	30 Dec 2024	97.86	582.11	55.75
Concord Enviro Systems Limited	27 Dec 2024	10.67	500.33	17.83
Kross Limited	16 Sep 2024	17.66	500.00	8.13
ECOS (India) Mobility & Hospitality Limited	04 Sep 2024	64.18	601.20	32.57
DEE Development Engineers Limited	26 Jun 2024	103.30	418.01	65.02
Jyoti CNC Automation Limited	16 Jan 2024	40.49	1000.00	30.86
Happy Forgings Limited	27 Dec 2023	82.63	1008.59	21.15
Protean eGov Technologies Limited	13 Nov 2023	23.86	490.33	883.00
Zaggle Prepaid Ocean Services Limited	22 Sep 2023	12.86	563.38	158.30
Netweb Technologies India Limited	27 Jul 2023	90.55	631.00	82.00
Harsha Engineers International Limited	26 Sep 2022	74.70	755.00	485.90
Dreamfolks Services Limited	06 Sep 2022	56.68	562.10	41.92
Krsnaa Diagnostics Limited	16 Aug 2021	64.38	1213.33	990.75
Rolex Rings Limited	09 Aug 2021	130.44	731.00	1166.55
G R Infraprojects Limited	19 Jul 2021	102.58	963.28	1746.80
Antony Waste Handling Cell Limited	01 Jan 2021	15.04	300.00	407.25
Shankara Building Products Limited	05 Apr 2017	41.88	345.00	37.57

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 (%)
MSTC Limited	29 Mar 2019	212.04 Cr.	0.00	114.20

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain(%)
Unimech Aerospace And Manufacturing Limited	31 Dec 2024	500.00 Cr.	51.61	85.99
Kross Limited	16 Sep 2024	500.00 Cr.	34.50	8.13
DEE Development Engineers Limited	26 Jun 2024	418.01 Cr.	73.33	65.02
Protean eGov Technologies Limited	13 Nov 2023	490.33 Cr.	46.51	883.00
Divgi TorqTransfer Systems Limited	14 Mar 2023	412.12 Cr.	35.16	604.00
Antony Waste Handling Cell Limited	01 Jan 2021	300.00 Cr.	15.32	407.25
Shankara Building Products Limited	05 Apr 2017	345.00 Cr.	18.00	37.57

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain (%)
Senores Pharmaceuticals Limited	30 Dec 2024	582.11 Cr.	28.21	55.75
Concord Enviro Systems Limited	27 Dec 2024	500.33 Cr.	30.79	17.83
Godavari Biorefineries Limited	30 Oct 2024	554.75 Cr.	0.00	-2.60
ECOS (India) Mobility & Hospitality Limited	04 Sep 2024	601.20 Cr.	32.05	32.57
Capital Small Finance Bank Limited	14 Feb 2024	523.07 Cr.	35.29	-7.20
Jyoti CNC Automation Limited	16 Jan 2024	1000.00 Cr.	13.59	30.86
Zaggle Prepaid Ocean Services Limited	22 Sep 2023	563.38 Cr.	0.00	158.30
Netweb Technologies India Limited	27 Jul 2023	631.00 Cr.	0.00	82.00
Inox Green Energy Services Limited	23 Nov 2022	740.00 Cr.	0.00	-9.08
Harsha Engineers International Limited	26 Sep 2022	755.00 Cr.	32.67	485.90
Dreamfolks Services Limited	06 Sep 2022	562.10 Cr.	104.82	41.92
Prudent Corporate Advisory Services Limited	20 May 2022	538.61 Cr.	33.94	562.70
Anand Rathi Wealth Limited	14 Dec 2021	660.00 Cr.	18.67	583.50
Rolex Rings Limited	09 Aug 2021	731.00 Cr.	28.18	1166.55
G R Infraprojects Limited	19 Jul 2021	963.28 Cr.	16.73	1746.80

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain (%)
Happy Forgings Limited	27 Dec 2023	1008.59 Cr.	9.87	21.15
Fedbank Financial Services Limited	30 Nov 2023	1092.26 Cr.	16.66	140.00
Metro Brands Limited	22 Dec 2021	1367.51 Cr.	157.23	-1.29
Krsnaa Diagnostics Limited	16 Aug 2021	1213.33 Cr.	80.91	990.75

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Happy Forgings Limited	27 Dec 2023	82.63	9.87	21.15

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Jyoti CNC Automation Limited	16 Jan 2024	40.49	13.59	30.86
Fedbank Financial Services Limited	30 Nov 2023	2.24	16.66	140.00
Anand Rathi Wealth Limited	14 Dec 2021	9.78	18.67	583.50
G R Infraprojects Limited	19 Jul 2021	102.58	16.73	1746.80
Antony Waste Handling Cell Limited	01 Jan 2021	15.04	15.32	407.25
Shankara Building Products Limited	05 Apr 2017	41.88	18.00	37.57

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Senores Pharmaceuticals Limited	30 Dec 2024	97.86	28.21	55.75
Concord Enviro Systems Limited	27 Dec 2024	10.67	30.79	17.83
Kross Limited	16 Sep 2024	17.66	34.50	8.13
ECOS (India) Mobility & Hospitality Limited	04 Sep 2024	64.18	32.05	32.57
Capital Small Finance Bank Limited	14 Feb 2024	4.17	35.29	-7.20
Protean eGov Technologies Limited	13 Nov 2023	23.86	46.51	883.00
Divgi TorqTransfer Systems Limited	14 Mar 2023	5.44	35.16	604.00
Harsha Engineers International Limited	26 Sep 2022	74.70	32.67	485.90
Prudent Corporate Advisory Services Limited	20 May 2022	1.22	33.94	562.70
Rolex Rings Limited	09 Aug 2021	130.44	28.18	1166.55

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Unimech Aerospace And Manufacturing Limited	31 Dec 2024	184.34	51.61	85.99
DEE Development Engineers Limited	26 Jun 2024	103.30	73.33	65.02
Krsnaa Diagnostics Limited	16 Aug 2021	64.38	80.91	990.75

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Dreamfolks Services Limited	06 Sep 2022	56.68	104.82	41.92
Metro Brands Limited	22 Dec 2021	3.64	157.23	-1.29

Company Name	IPO Year (Listed)	Subscription	Listing Gain (%)
Godavari Biorefineries Limited	30 Oct 2024	1.87	-2.60
Zaggle Prepaid Ocean Services Limited	22 Sep 2023	12.86	158.30
Netweb Technologies India Limited	27 Jul 2023	90.55	82.00
Inox Green Energy Services Limited	23 Nov 2022	1.55	-9.08
MSTC Limited	29 Mar 2019	1.46	114.20

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Kross Limited	16 Sep 2024	Jamshedpur	Automobile - Forging and Casting	500.00	34.50
Happy Forgings Limited	27 Dec 2023	Ludhiana	Automobile - Forging and Casting	1008.59	9.87
Rolex Rings Limited	09 Aug 2021	Rajkot	Automobile - Forging and Casting	731.00	28.18

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Capital Small Finance Bank Limited	14 Feb 2024	Jalandhar	Banking and Finance	523.07	35.29
Fedbank Financial Services Limited	30 Nov 2023	Mumbai	Banking and Finance	1092.26	16.66
Prudent Corporate Advisory Services Limited	20 May 2022	Ahmedabad	Banking and Finance	538.61	33.94
Anand Rathi Wealth Limited	14 Dec 2021	Mumbai	Banking and Finance	660.00	18.67

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Godavari Biorefineries Limited	30 Oct 2024	Mumbai	Chemical	554.75	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
ECOS (India) Mobility & Hospitality Limited	04 Sep 2024	New Delhi	Corporate Solutions	601.20	32.05
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
Unimech Aerospace And Manufacturing Limited	31 Dec 2024	Bangalore	Defence	500.00	51.61

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Divgi TorqTransfer Systems Limited	14 Mar 2023	Pune	Electric Equipments - OEM	412.12	35.16

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Harsha Engineers International Limited	26 Sep 2022	Ahmedabad	Engineering	755.00	32.67

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
DEE Development Engineers Limited	26 Jun 2024	Faridabad	Engineering - EPC	418.01	73.33
G R Infraprojects Limited	19 Jul 2021	Ahmedabad	Engineering - EPC	963.28	16.73

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Jyoti CNC Automation Limited	16 Jan 2024	Rajkot	Engineering - Heavy Machinery	1000.00	13.59

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Antony Waste Handling Cell Limited	01 Jan 2021	Mumbai	ESG - Waste	300.00	15.32

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Metro Brands Limited	22 Dec 2021	Mumbai	Footwear	1367.51	157.23

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Krsnaa Diagnostics Limited	16 Aug 2021	Pune	Healthcare - Hospitals and Clinic	1213.33	80.91

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Netweb Technologies India Limited	27 Jul 2023	Faridabad	Information Technology - Data Solutions	631.00	0.00
Dreamfolks Services Limited	06 Sep 2022	New Delhi	Information Technology - Data Solutions	562.10	104.82

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Zaggle Prepaid Ocean Services Limited	22 Sep 2023	Rangareddi	Information Technology - SaaS	563.38	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
MSTC Limited	29 Mar 2019	Kolkata	Online Service Provider	212.04	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Senores Pharmaceuticals Limited	30 Dec 2024	Ahmedabad	Pharmaceutical	582.11	28.21

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Inox Green Energy Services Limited	23 Nov 2022	Vadodara	Power and Energy	740.00	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Shankara Building Products Limited	05 Apr 2017	Bangalore	Real Estate	345.00	18.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Concord Enviro Systems Limited	27 Dec 2024	Mumbai	Recycling - Waste	500.33	30.79

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Senores Pharmaceuticals Limited	30 Dec 2024	Ahmedabad	Pharmaceutical	582.11	28.21
Harsha Engineers International Limited	26 Sep 2022	Ahmedabad	Engineering	755.00	32.67
Prudent Corporate Advisory Services Limited	20 May 2022	Ahmedabad	Banking and Finance	538.61	33.94
G R Infraprojects Limited	19 Jul 2021	Ahmedabad	Engineering - EPC	963.28	16.73

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Unimech Aerospace And Manufacturing Limited	31 Dec 2024	Bangalore	Defence	500.00	51.61
Shankara Building Products Limited	05 Apr 2017	Bangalore	Real Estate	345.00	18.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
DEE Development Engineers Limited	26 Jun 2024	Faridabad	Engineering - EPC	418.01	73.33
Netweb Technologies India Limited	27 Jul 2023	Faridabad	Information Technology - Data Solutions	631.00	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Capital Small Finance Bank Limited	14 Feb 2024	Jalandhar	Banking and Finance	523.07	35.29

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Kross Limited	16 Sep 2024	Jamshedpur	Automobile - Forging and Casting	500.00	34.50

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
MSTC Limited	29 Mar 2019	Kolkata	Online Service Provider	212.04	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Happy Forgings Limited	27 Dec 2023	Ludhiana	Automobile - Forging and Casting	1008.59	9.87

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Concord Enviro Systems Limited	27 Dec 2024	Mumbai	Recycling - Waste	500.33	30.79
Godavari Biorefineries Limited	30 Oct 2024	Mumbai	Chemical	554.75	0.00
Fedbank Financial Services Limited	30 Nov 2023	Mumbai	Banking and Finance	1092.26	16.66
Protean eGov Technologies Limited	13 Nov 2023	Mumbai	Corporate Solutions	490.33	46.51
Metro Brands Limited	22 Dec 2021	Mumbai	Footwear	1367.51	157.23
Anand Rathi Wealth Limited	14 Dec 2021	Mumbai	Banking and Finance	660.00	18.67
Antony Waste Handling Cell Limited	01 Jan 2021	Mumbai	ESG - Waste	300.00	15.32

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
ECOS (India) Mobility & Hospitality Limited	04 Sep 2024	New Delhi	Corporate Solutions	601.20	32.05
Dreamfolks Services Limited	06 Sep 2022	New Delhi	Information Technology - Data Solutions	562.10	104.82

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Divgi TorqTransfer Systems Limited	14 Mar 2023	Pune	Electric Equipments - OEM	412.12	35.16
Krsnaa Diagnostics Limited	16 Aug 2021	Pune	Healthcare - Hospitals and Clinic	1213.33	80.91

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Jyoti CNC Automation Limited	16 Jan 2024	Rajkot	Engineering - Heavy Machinery	1000.00	13.59
Rolex Rings Limited	09 Aug 2021	Rajkot	Automobile - Forging and Casting	731.00	28.18

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Zaggle Prepaid Ocean Services Limited	22 Sep 2023	Rangareddi	Information Technology - SaaS	563.38	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Inox Green Energy Services Limited	23 Nov 2022	Vadodara	Power and Energy	740.00	0.00

Company Name	IPO Year (Listed)	Offer Price	CMP	Current Market Performance %
Unimech Aerospace And Manufacturing Limited	31 Dec 2024	785.00	1220.15	55.43%
Senores Pharmaceuticals Limited	30 Dec 2024	391.00	546.50	39.77%
DEE Development Engineers Limited	26 Jun 2024	203.00	286.30	41.03%
Jyoti CNC Automation Limited	16 Jan 2024	331.00	1150.00	247.43%
Happy Forgings Limited	27 Dec 2023	850.00	960.70	13.02%
Protean eGov Technologies Limited	13 Nov 2023	792.00	953.75	20.42%
Zaggle Prepaid Ocean Services Limited	22 Sep 2023	164.00	439.75	168.14%
Netweb Technologies India Limited	27 Jul 2023	500.00	1806.80	261.36%
Inox Green Energy Services Limited	23 Nov 2022	65.00	169.90	161.38%
Harsha Engineers International Limited	26 Sep 2022	330.00	390.25	18.26%
Prudent Corporate Advisory Services Limited	20 May 2022	630.00	2817.00	347.14%
Metro Brands Limited	22 Dec 2021	500.00	1218.50	143.70%
Anand Rathi Wealth Limited	14 Dec 2021	550.00	2042.90	271.44%
Rolex Rings Limited	09 Aug 2021	900.00	1574.00	74.89%
G R Infraprojects Limited	19 Jul 2021	837.00	1348.10	61.06%
Antony Waste Handling Cell Limited	01 Jan 2021	315.00	622.15	97.51%
MSTC Limited	29 Mar 2019	120.00	539.00	349.17%
Shankara Building Products Limited	05 Apr 2017	460.00	1038.10	125.67%

Company Name	IPO Year (Listed)	Offer Price	CMP	Current Market Performance %
Concord Enviro Systems Limited	27 Dec 2024	701.00	580.10	-17.25%
Godavari Biorefineries Limited	30 Oct 2024	352.00	273.40	-22.33%
Kross Limited	16 Sep 2024	240.00	191.17	-20.35%
ECOS (India) Mobility & Hospitality Limited	04 Sep 2024	334.00	304.70	-8.77%
Capital Small Finance Bank Limited	14 Feb 2024	468.00	306.15	-34.58%
Fedbank Financial Services Limited	30 Nov 2023	140.00	115.10	-17.79%
Divgi TorqTransfer Systems Limited	14 Mar 2023	590.00	589.25	-0.13%
Dreamfolks Services Limited	06 Sep 2022	326.00	277.90	-14.75%
Krsnaa Diagnostics Limited	16 Aug 2021	954.00	677.15	-29.02%

Company Name	IPO Year (Listed)	Listing Price	CMP	Current Market Performance %
Jyoti CNC Automation Limited	16 Jan 2024	433.15	1150.00	247.43%
Protean eGov Technologies Limited	13 Nov 2023	883.00	953.75	20.42%
Zaggle Prepaid Ocean Services Limited	22 Sep 2023	158.30	439.75	168.14%
Netweb Technologies India Limited	27 Jul 2023	910.00	1806.80	261.36%
Inox Green Energy Services Limited	23 Nov 2022	59.10	169.90	161.38%
Prudent Corporate Advisory Services Limited	20 May 2022	562.70	2817.00	347.14%
Metro Brands Limited	22 Dec 2021	493.55	1218.50	143.70%
Anand Rathi Wealth Limited	14 Dec 2021	583.50	2042.90	271.44%
Rolex Rings Limited	09 Aug 2021	1166.55	1574.00	74.89%
Antony Waste Handling Cell Limited	01 Jan 2021	407.25	622.15	97.51%
MSTC Limited	29 Mar 2019	114.20	539.00	349.17%
Shankara Building Products Limited	05 Apr 2017	632.80	1038.10	125.67%

Company Name	IPO Year (Listed)	Listing Price	CMP	Current Market Performance %
Unimech Aerospace And Manufacturing Limited	31 Dec 2024	1460.00	1220.15	55.43%
Senores Pharmaceuticals Limited	30 Dec 2024	609.00	546.50	39.77%
Concord Enviro Systems Limited	27 Dec 2024	826.00	580.10	-17.25%
Godavari Biorefineries Limited	30 Oct 2024	342.85	273.40	-22.33%
Kross Limited	16 Sep 2024	259.50	191.17	-20.35%
ECOS (India) Mobility & Hospitality Limited	04 Sep 2024	442.80	304.70	-8.77%
DEE Development Engineers Limited	26 Jun 2024	335.00	286.30	41.03%
Capital Small Finance Bank Limited	14 Feb 2024	434.30	306.15	-34.58%
Happy Forgings Limited	27 Dec 2023	1029.80	960.70	13.02%
Fedbank Financial Services Limited	30 Nov 2023	140.00	115.10	-17.79%
Divgi TorqTransfer Systems Limited	14 Mar 2023	604.00	589.25	-0.13%
Harsha Engineers International Limited	26 Sep 2022	485.90	390.25	18.26%
Dreamfolks Services Limited	06 Sep 2022	462.65	277.90	-14.75%
Krsnaa Diagnostics Limited	16 Aug 2021	990.75	677.15	-29.02%
G R Infraprojects Limited	19 Jul 2021	1746.80	1348.10	61.06%

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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Equirus Capital Private Limited ★★★★☆

Equirus Capital Private Limited is a SEBI registered Merchant Banker located in Mumbai. They provide services in various areas of capital markets like, Private equity advisors, Merger and Amalgamation etc.

Incorporation Year 2007

City Mumbai

Website https://www.equirus.com/

IPOs so far 27

IPOs by Listing

Gain 23 (85%)

Loss4 (15%)

Latest IPOs

Unimech Aerospace And Manufacturing Limited

Sector : Defence

Exchange : MainBoard

Listing Date : 31 Dec 2024

IPO Size : 500.00 Cr.

Subscribed : 184.34 x

Listing Gain : 85.99 %

Senores Pharmaceuticals Limited

Sector : Pharmaceutical

Exchange : MainBoard

Listing Date : 30 Dec 2024

IPO Size : 582.11 Cr.

Subscribed : 97.86 x

Listing Gain : 55.75 %

Concord Enviro Systems Limited

Sector : Recycling - Waste

Exchange : MainBoard

Listing Date : 27 Dec 2024

IPO Size : 500.33 Cr.

Subscribed : 10.67 x

Listing Gain : 17.83 %

Godavari Biorefineries Limited

Sector : Chemical

Exchange : MainBoard

Listing Date : 30 Oct 2024

IPO Size : 554.75 Cr.

Subscribed : 1.87 x

Listing Gain : -2.60 %

Kross Limited

Sector : Automobile - Forging

Exchange : MainBoard

Listing Date : 16 Sep 2024

IPO Size : 500.00 Cr.

Subscribed : 17.66 x

Listing Gain : 8.13 %

ECOS (India) Mobility & Hospitality Limited

Sector : Corporate Solutions

Exchange : MainBoard

Listing Date : 04 Sep 2024

IPO Size : 601.20 Cr.

Subscribed : 64.18 x

Listing Gain : 32.57 %

DEE Development Engineers Limited

Sector : Engineering - EPC

Exchange : MainBoard

Listing Date : 26 Jun 2024

IPO Size : 418.01 Cr.

Subscribed : 103.30 x

Listing Gain : 65.02 %

Capital Small Finance Bank Limited

Sector : Banking and Finance

Exchange : MainBoard

Listing Date : 14 Feb 2024

IPO Size : 523.07 Cr.

Subscribed : 4.17 x

Listing Gain : -7.20 %

Jyoti CNC Automation Limited

Sector : Engineering - Heavy

Exchange : MainBoard

Listing Date : 16 Jan 2024

IPO Size : 1000.00 Cr.

Subscribed : 40.49 x

Listing Gain : 30.86 %

Happy Forgings Limited

Sector : Automobile - Forging

Exchange : MainBoard

Listing Date : 27 Dec 2023

IPO Size : 1008.59 Cr.

Subscribed : 82.63 x

Listing Gain : 21.15 %

Fedbank Financial Services Limited

Sector : Banking and Finance

Exchange : MainBoard

Listing Date : 30 Nov 2023

IPO Size : 1092.26 Cr.

Subscribed : 2.24 x

Listing Gain : 140.00 %

Protean eGov Technologies Limited

Sector : Corporate Solutions

Exchange : MainBoard

Listing Date : 13 Nov 2023

IPO Size : 490.33 Cr.

Subscribed : 23.86 x

Listing Gain : 883.00 %

Zaggle Prepaid Ocean Services Limited

Sector : Information Technolo

Exchange : MainBoard

Listing Date : 22 Sep 2023

IPO Size : 563.38 Cr.

Subscribed : 12.86 x

Listing Gain : 158.30 %

Netweb Technologies India Limited

Sector : Information Technolo

Exchange : MainBoard

Listing Date : 27 Jul 2023

IPO Size : 631.00 Cr.

Subscribed : 90.55 x

Listing Gain : 82.00 %

Divgi TorqTransfer Systems Limited

Sector : Electric Equipments

Exchange : MainBoard

Listing Date : 14 Mar 2023

IPO Size : 412.12 Cr.

Subscribed : 5.44 x

Listing Gain : 604.00 %

Inox Green Energy Services Limited

Sector : Power and Energy

Exchange : MainBoard

Listing Date : 23 Nov 2022

IPO Size : 740.00 Cr.

Subscribed : 1.55 x

Listing Gain : -9.08 %

Harsha Engineers International Limited

Sector : Engineering

Exchange : MainBoard

Listing Date : 26 Sep 2022

IPO Size : 755.00 Cr.

Subscribed : 74.70 x

Listing Gain : 485.90 %

Dreamfolks Services Limited

Sector : Information Technolo

Exchange : MainBoard

Listing Date : 06 Sep 2022

IPO Size : 562.10 Cr.

Subscribed : 56.68 x

Listing Gain : 41.92 %

Prudent Corporate Advisory Services Limited

Sector : Banking and Finance

Exchange : MainBoard

Listing Date : 20 May 2022

IPO Size : 538.61 Cr.

Subscribed : 1.22 x

Listing Gain : 562.70 %

Metro Brands Limited

Sector : Footwear

Exchange : MainBoard

Listing Date : 22 Dec 2021

IPO Size : 1367.51 Cr.

Subscribed : 3.64 x

Listing Gain : -1.29 %

Anand Rathi Wealth Limited

Sector : Banking and Finance

Exchange : MainBoard

Listing Date : 14 Dec 2021

IPO Size : 660.00 Cr.

Subscribed : 9.78 x

Listing Gain : 583.50 %

Krsnaa Diagnostics Limited

Sector : Healthcare - Hospita

Exchange : MainBoard

Listing Date : 16 Aug 2021

IPO Size : 1213.33 Cr.

Subscribed : 64.38 x

Listing Gain : 990.75 %

Rolex Rings Limited

Sector : Automobile - Forging

Exchange : MainBoard

Listing Date : 09 Aug 2021

IPO Size : 731.00 Cr.

Subscribed : 130.44 x

Listing Gain : 1166.55 %

G R Infraprojects Limited

Sector : Engineering - EPC

Exchange : MainBoard

Listing Date : 19 Jul 2021

IPO Size : 963.28 Cr.

Subscribed : 102.58 x

Listing Gain : 1746.80 %

Antony Waste Handling Cell Limited

Sector : ESG - Waste

Exchange : MainBoard

Listing Date : 01 Jan 2021

IPO Size : 300.00 Cr.

Subscribed : 15.04 x

Listing Gain : 407.25 %

MSTC Limited

Sector : Online Service Provi

Exchange : MainBoard

Listing Date : 29 Mar 2019

IPO Size : 212.04 Cr.

Subscribed : 1.46 x

Listing Gain : 114.20 %

Shankara Building Products Limited

Sector : Real Estate

Exchange : MainBoard

Listing Date : 05 Apr 2017

IPO Size : 345.00 Cr.

Subscribed : 41.88 x

Listing Gain : 37.57 %

IPOs by Subscription

Subscribed Less than 1 times 0 (0%)

Subscribed 1 to 3 times 5 (19%)

Subscribed 3 to 5 times2 (7%)

Subscribed 5 to 10 times 2 (7%)

Subscribed more than 10 times18 (67%)

IPOs by IPO Size

0-100 Cr 0 (0%)

100-250 Cr 1 (4%)

250-500 Cr 7 (26%)

500-1000 Cr 15 (56%)

1000+ Cr4 (15%)

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IPOs by PE

IPOs by City

Ahmedabad 4

Bangalore 2

Faridabad 2

Jalandhar 1

Jamshedpur 1

Kolkata 1

Ludhiana 1

Mumbai 7

New Delhi 2

Pune 2

Rajkot 2

Rangareddi 1

Vadodara 1

IPOs by Sector

Automobile - Forging and Casting 3

Banking and Finance 4

Chemical 1

Corporate Solutions 2

Defence 1

Electric Equipments - OEM 1

Engineering 1

Engineering - EPC 2

Engineering - Heavy Machinery 1

ESG - Waste 1

Footwear 1

Healthcare - Hospitals and Clinic 1

Information Technology - Data Solutions 2

Information Technology - SaaS 1

Online Service Provider 1

Pharmaceutical 1

Power and Energy 1

Real Estate 1

Recycling - Waste 1

IPOs by Post Listing Performance

Offer Price Vs Current Market Price

Gain 18 (67%)

Loss 9 (33%)

Listing Price Vs Current Market Price

Gain 12 (44%)

Loss 15 (56%)

Upcoming IPOs of Equirus Capital

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.

Lalithaa Jewellery Mart Limited

Chennai

Jewellery

Date of DRHP : 06 Jun 2025

Revenue : 299.87

PAT : 349.73

Read DRHP

Detailed Review

Neilsoft Limited

Pune

Engineering

Date of DRHP : 26 May 2025

Revenue : 360.40

PAT : 56.00

Read DRHP

Detailed Review

Seedworks International Limited

Telangana

Agro

Date of DRHP : 11 Feb 2025

Revenue : 834.40

PAT : 140.40

Read DRHP

Detailed Review

GSP Crop Science Limited

Ahmedabad

Chemical

Date of DRHP : 20 Dec 2024

Revenue : 1417.80

PAT : 131.60

Read DRHP

Detailed Review

Star Agriwarehousing And Collateral Management Limited

Mumbai

Agro

Date of DRHP : 04 Dec 2024

Revenue : 1368.12

PAT : 89.48

Read DRHP

Detailed Review

Crizac Limited

Kolkata

Education - Edtech

Date of DRHP : 18 Nov 2024

Revenue : 628.38

PAT : 123.50

Read DRHP

Detailed Review

Rahee Infratech Limited

Kolkata

Engineering - Heavy Machinery

Date of DRHP : 30 Sep 2024

Revenue : 975.18

PAT : 60.99

Read DRHP

Detailed Review

Vikram Solar Limited

Kolkata

Solar - Panels

Date of DRHP : 30 Sep 2024

Revenue : 2523.96

PAT : 79.72

Read DRHP

Detailed Review

Varindera Constructions Limited

New Delhi

Engineering - EPC

Date of DRHP : 30 Sep 2024

Revenue : 1403.98

PAT : 143.38

Read DRHP

Detailed Review

Kumar Arch Tech Limited

Ahmedabad

Infrastructure

Date of DRHP : 27 Sep 2024

Revenue : 416.28

PAT : 110.79

Read DRHP

Detailed Review

M&B Engineering Limited

Ahmedabad

Infrastructure

Date of DRHP : 25 Sep 2024

Revenue : 899.88

PAT : 64.71

Read DRHP

Detailed Review

Fabindia Limited

New Delhi

Retail

Date of DRHP : 14 Jun 2025

Revenue : 1112.08

PAT : -103.46

Read DRHP

Detailed Review

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

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List of All Merchant Bankers

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Equirus Capital Private Limited ★★★★☆

IPOs so far 27

IPOs by Listing

Latest IPOs

Unimech Aerospace And Manufacturing Limited

Senores Pharmaceuticals Limited

Concord Enviro Systems Limited

Godavari Biorefineries Limited

Kross Limited

ECOS (India) Mobility & Hospitality Limited

DEE Development Engineers Limited

Capital Small Finance Bank Limited

Jyoti CNC Automation Limited

Happy Forgings Limited

Fedbank Financial Services Limited

Protean eGov Technologies Limited

Zaggle Prepaid Ocean Services Limited

Netweb Technologies India Limited

Divgi TorqTransfer Systems Limited

Inox Green Energy Services Limited

Harsha Engineers International Limited

Dreamfolks Services Limited

Prudent Corporate Advisory Services Limited

Metro Brands Limited

Anand Rathi Wealth Limited

Krsnaa Diagnostics Limited

Rolex Rings Limited

G R Infraprojects Limited

Antony Waste Handling Cell Limited

MSTC Limited

Shankara Building Products 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 Equirus Capital

Lalithaa Jewellery Mart Limited

Neilsoft Limited

Seedworks International Limited

GSP Crop Science Limited

Star Agriwarehousing And Collateral Management Limited

Crizac Limited

Rahee Infratech Limited

Vikram Solar Limited

Varindera Constructions Limited

Kumar Arch Tech Limited

M&B Engineering Limited

Fabindia Limited

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SME IPO?

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