Insights, how-to guides, and market updates from the ipomarket.in research team.
Merritronix — a Hyderabad-based ESDM company with three decades of defence and aerospace electronics manufacturing — opens its ₹70.03 Cr BSE SME IPO on June 1, 2026 at ₹141-149 per share. With a strong GMP of ₹70 (47% premium), here is the complete review, financials and application framework.
Q-Line Biotech — a Lucknow-based In-Vitro Diagnostics (IVD) company — opens one of the largest NSE SME IPOs ever at ₹214.48 Cr on May 21, 2026. Price band ₹326-343, FY25 revenue ₹322 Cr, notable pre-IPO investor Vikas Khemani. Complete review, GMP and financials.
Showing 12 of 62 articles in “IPO Review”
Bio Medica Laboratories — an Indore-based parenteral formulations manufacturer with 58 liquid injectable and 15 dry powder injectable products — opens its ₹52.43 Cr NSE SME IPO on May 21, 2026 at ₹132-139 per share. Complete review, GMP, financials and should-you-apply analysis.
Teamtech Formwork Solutions — a Hyderabad-based modular T-formwork manufacturer — opens its ₹50.15 Cr NSE SME IPO on May 19, 2026 at ₹61-63 per share. With 64% YoY revenue growth and 48% PAT growth, here is the complete IPO review, GMP, subscription and decision framework.
Vegorama Punjabi Angithi opens its ₹38.38 crore BSE SME IPO on May 20, 2026 at a price band of ₹73-77. The pure-vegetarian QSR and cloud-kitchen operator reported 54% YoY revenue growth and a 77% jump in net profit in FY25. Complete review of business, financials, peer set and investor framework.
NFP Sampoorna Foods opens its ₹24.53 crore NSE SME IPO on May 18, 2026 at a price band of ₹52-55 per share. The premium dry-fruit processor reported 53% YoY revenue growth (FY24-FY25) and a 162% jump in net profit. Complete review of business, financials, peer comparison and the investor framework.
Aavishkaar-backed Arohan Financial Services — the second-largest NBFC-MFI in Eastern India — filed DRHP for a ₹1,400 crore IPO in mid-May 2026 (₹600 cr fresh + ₹800 cr OFS by TIAA and Dell Foundation). Filed into a soft microfinance cycle. FY25 revenue ₹1,581 cr, net profit ₹110 cr. Complete review.
The ₹3,405 crore Bagmane Prime Office REIT IPO closed at 23.70x — highest ever for an Indian REIT. Institutional demand exceeded 25x; non-institutional crossed 21x. Units listed May 14, 2026. Legal advisors: Shardul Amarchand Mangaldas, Cyril Amarchand Mangaldas, White & Case. Complete review.
Muthoot Fincorp's board on May 16, 2026 approved a ₹4,000 crore fresh-issue IPO alongside a 1:5 stock split (₹10 to ₹2 face value). FY26 net profit more than doubled. The Muthoot Pappachan Group's gold-loan NBFC also cleared ₹8,000 crore of debt fundraising. Complete review of the IPO, group structure, financials and investor framework.
Temasek and Bain Capital anchor a ₹1,500 crore pre-IPO round in CleanMax Enviro Energy — India's largest C&I renewables player — ahead of its ₹3,100 crore IPO opening Feb 23, 2026. Price band ₹1,000-1,053. Complete review of business, financials, peer comparison and the investor decision framework.
Scripbox — India's leading digital wealth manager with ₹18,000+ Cr AUM across 2,500+ cities — has guided to a public listing within 18-24 months. Founded in 2012 by Atul Shinghal and Sanjiv Singhal, the Bengaluru-based wealthtech is reportedly raising $15-20M at a $200M valuation. Here is the complete pre-IPO review.
Adda247 — India's largest vernacular test-preparation edtech serving 50M+ students across Tier-2 and Tier-3 cities — has appointed bankers for an H1 2027 IPO at a likely valuation of up to $2.5 billion. With FY25 revenue of ₹240 Cr, Google and WestBridge as key investors, and a profitability-first IPO strategy, here is the complete review.
