Guiness Corporate Advisors Merchant Banker for SME IPO

Company Name	IPO Year (Listed)	IPO Size (Cr.)	PE Ratio
Anand Rayons Limited	02 Jul 2019	12.66	20.00
Dolfin Rubbers Limited	10 Oct 2018	5.20	15.00
A-1 Acid Limited	10 Oct 2018	18.00	24.00
Raw Edge Industrial Solutions Ltd	18 Jul 2018	16.50	37.00
Waa Solar Limited	12 Jun 2018	28.18	30.00
MMP Industries Limited	12 Apr 2018	84.60	20.00
Taylormade Renewables Limited	06 Apr 2018	11.34	20.00
Orissa Bengal Carrier Limited	05 Apr 2018	16.69	9.00
Angel Fibers Limited	06 Mar 2018	18.22	13.00
Bhatia Communications & Retail (India) Limited	20 Feb 2018	24.75	35.00
Jhandewalas Foods Limited	12 Jan 2018	16.01	24.00
Moksh Ornaments Limited	03 Jan 2018	11.03	12.00
Vertoz Advertising Limited	24 Nov 2017	17.11	16.00
Sheetal Cool Products Limited	30 Oct 2017	24.00	36.00
Trident Texofab Limited	05 Oct 2017	3.53	35.00
ANG Lifesciences India Limited	08 Sep 2017	12.01	14.00
7NR Retails Limited	18 Jul 2017	5.12	50.00
Bhakti Gems and Jewellery Limited	30 May 2017	3.92	25.00
Meera Industries Limited	15 May 2017	3.89	12.00
ASL Industries Limited	18 Apr 2017	9.80	140.00
Sarthak Metals Limited	27 Mar 2017	10.91	8.00
Super Fine Knitters Limited	02 Feb 2017	4.08	14.00
Aditya Vision Limited	12 Dec 2016	5.76	9.00
India Green Reality Limited	18 Oct 2016	10.38	16.00
Aditya Consumer Marketing Limited	17 Oct 2016	6.00	12.00
Riddhi Steel & Tube Limited	14 Sep 2016	8.89	11.00
Kwality Pharmaceuticals Limited	18 Jul 2016	6.21	15.00
Shanti Educational Initiatives Ltd	14 Jun 2016	39.60	66.00
Nintec Systems Limited	18 Apr 2016	1.88	0.00
PB Films Limited	22 Sep 2015	5.00	100.00
Gala Print City Limited	16 Jul 2015	3.04	0.00
VMV Holidays Limited	14 Jul 2015	1.56	0.00
Encash Entertainment Limited	29 Sep 2014	4.39	0.00
Naysaa Securities Limited	25 Sep 2014	1.50	1500.00
Oasis Tradelink Limited	14 Jul 2014	6.00	26.00
Tarini International Limited	26 Jun 2014	16.31	4000.00
Polymac Thermoformers Limited	26 Feb 2014	7.70	31.00
Satkar Finlease Limited	11 Oct 2013	13.51	1800.00
Alacrity Securities Limited	14 Aug 2013	9.00	0.00
Edynamics Solutions Limited	26 Jun 2013	15.60	0.00
Onesource Techmedia Limited	05 Jun 2013	2.80	0.00
HPC Biosciences Limited	19 Mar 2013	15.75	8.00
Channel Nine Entertainment Limited	12 Mar 2013	11.67	0.00
Sunstar Realty Development Limited	11 Mar 2013	10.62	143.00
Esteem Bio Organic Food Processing Limited	07 Feb 2013	11.25	0.00
Eco Friendly Food Processing Park Limited	14 Jan 2013	7.52	0.00
RCL Retail Limited	16 Oct 2012	5.80	0.00

Company Name	IPO Year (Listed)	Offer Price	Listing Price	Listing Gain (%)
Anand Rayons Limited	02 Jul 2019	27.00	27.20	0.74
Dolfin Rubbers Limited	10 Oct 2018	26.00	27.05	4.04
A-1 Acid Limited	10 Oct 2018	60.00	61.25	2.08
Raw Edge Industrial Solutions Ltd	18 Jul 2018	72.00	72.40	0.56
MMP Industries Limited	12 Apr 2018	188.00	199.50	6.12
Taylormade Renewables Limited	06 Apr 2018	35.00	37.80	8.00
Orissa Bengal Carrier Limited	05 Apr 2018	30.00	33.45	11.50
Angel Fibers Limited	06 Mar 2018	27.00	27.10	0.37
Bhatia Communications & Retail (India) Limited	20 Feb 2018	150.00	150.10	0.07
Jhandewalas Foods Limited	12 Jan 2018	55.00	66.00	20.00
Moksh Ornaments Limited	03 Jan 2018	37.00	44.40	20.00
Vertoz Advertising Limited	24 Nov 2017	108.00	129.60	20.00
Sheetal Cool Products Limited	30 Oct 2017	80.00	86.60	8.25
Trident Texofab Limited	05 Oct 2017	30.00	68.00	126.67
ANG Lifesciences India Limited	08 Sep 2017	80.00	96.00	20.00
Bhakti Gems and Jewellery Limited	30 May 2017	20.00	20.05	0.25
Meera Industries Limited	15 May 2017	36.00	36.05	0.14
ASL Industries Limited	18 Apr 2017	35.00	35.05	0.14
Sarthak Metals Limited	27 Mar 2017	30.00	30.75	2.50
Super Fine Knitters Limited	02 Feb 2017	12.00	12.60	5.00
Aditya Vision Limited	12 Dec 2016	15.00	15.27	1.80
India Green Reality Limited	18 Oct 2016	30.00	30.15	0.50
Aditya Consumer Marketing Limited	17 Oct 2016	15.00	16.50	10.00
Shanti Educational Initiatives Ltd	14 Jun 2016	90.00	91.00	1.11
Nintec Systems Limited	18 Apr 2016	10.00	11.40	14.00
Gala Print City Limited	16 Jul 2015	24.00	24.10	0.42
VMV Holidays Limited	14 Jul 2015	10.00	10.50	5.00
Encash Entertainment Limited	29 Sep 2014	40.00	46.20	15.50
Oasis Tradelink Limited	14 Jul 2014	30.00	34.10	13.67
Tarini International Limited	26 Jun 2014	41.00	41.90	2.20
Polymac Thermoformers Limited	26 Feb 2014	35.00	35.85	2.43
Satkar Finlease Limited	11 Oct 2013	18.00	20.85	15.83
Edynamics Solutions Limited	26 Jun 2013	25.00	26.65	6.60
HPC Biosciences Limited	19 Mar 2013	35.00	39.10	11.71
Channel Nine Entertainment Limited	12 Mar 2013	25.00	26.25	5.00
Sunstar Realty Development Limited	11 Mar 2013	20.00	22.50	12.50
Esteem Bio Organic Food Processing Limited	07 Feb 2013	25.00	26.50	6.00
Eco Friendly Food Processing Park Limited	14 Jan 2013	25.00	25.55	2.20
RCL Retail Limited	16 Oct 2012	10.00	10.45	4.50

Company Name	IPO Year (Listed)	Offer Price	Listing Price	Listing Gain (%)
Waa Solar Limited	12 Jun 2018	161.00	153.15	-4.88
7NR Retails Limited	18 Jul 2017	27.00	27.00	0.00
Riddhi Steel & Tube Limited	14 Sep 2016	38.00	37.65	-0.92
Kwality Pharmaceuticals Limited	18 Jul 2016	45.00	44.50	-1.11
PB Films Limited	22 Sep 2015	10.00	9.50	-5.00
Naysaa Securities Limited	25 Sep 2014	15.00	14.65	-2.33
Alacrity Securities Limited	14 Aug 2013	15.00	12.05	-19.67
Onesource Techmedia Limited	05 Jun 2013	14.00	12.40	-11.43

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Anand Rayons Limited	02 Jul 2019	1.17	12.66	0.74
Dolfin Rubbers Limited	10 Oct 2018	1.25	5.20	4.04
A-1 Acid Limited	10 Oct 2018	1.81	18.00	2.08
Raw Edge Industrial Solutions Ltd	18 Jul 2018	1.10	16.50	0.56
Waa Solar Limited	12 Jun 2018	1.85	28.18	-4.88
MMP Industries Limited	12 Apr 2018	0.78	84.60	6.12
Taylormade Renewables Limited	06 Apr 2018	1.25	11.34	8.00
Orissa Bengal Carrier Limited	05 Apr 2018	1.30	16.69	11.50
Angel Fibers Limited	06 Mar 2018		18.22	0.37
Bhatia Communications & Retail (India) Limited	20 Feb 2018	1.36	24.75	0.07
Moksh Ornaments Limited	03 Jan 2018		11.03	20.00
Vertoz Advertising Limited	24 Nov 2017	0.00	17.11	20.00
Sheetal Cool Products Limited	30 Oct 2017	0.00	24.00	8.25
Trident Texofab Limited	05 Oct 2017	0.00	3.53	126.67
ANG Lifesciences India Limited	08 Sep 2017	0.00	12.01	20.00
7NR Retails Limited	18 Jul 2017	0.00	5.12	0.00
Bhakti Gems and Jewellery Limited	30 May 2017	0.00	3.92	0.25
Meera Industries Limited	15 May 2017	0.00	3.89	0.14
ASL Industries Limited	18 Apr 2017	0.00	9.80	0.14
Sarthak Metals Limited	27 Mar 2017	0.00	10.91	2.50
Super Fine Knitters Limited	02 Feb 2017	0.00	4.08	5.00
Aditya Vision Limited	12 Dec 2016	0.00	5.76	1.80
India Green Reality Limited	18 Oct 2016	0.00	10.38	0.50
Aditya Consumer Marketing Limited	17 Oct 2016	0.00	6.00	10.00
Riddhi Steel & Tube Limited	14 Sep 2016	0.00	8.89	-0.92
Kwality Pharmaceuticals Limited	18 Jul 2016	0.00	6.21	-1.11
Shanti Educational Initiatives Ltd	14 Jun 2016	0.00	39.60	1.11
Nintec Systems Limited	18 Apr 2016	0.00	1.88	14.00
PB Films Limited	22 Sep 2015	0.00	5.00	-5.00
Gala Print City Limited	16 Jul 2015	0.00	3.04	0.42
VMV Holidays Limited	14 Jul 2015	0.00	1.56	5.00
Encash Entertainment Limited	29 Sep 2014	0.00	4.39	15.50
Naysaa Securities Limited	25 Sep 2014	0.00	1.50	-2.33
Oasis Tradelink Limited	14 Jul 2014	0.00	6.00	13.67
Tarini International Limited	26 Jun 2014	0.00	16.31	2.20
Polymac Thermoformers Limited	26 Feb 2014	0.00	7.70	2.43
Satkar Finlease Limited	11 Oct 2013	0.00	13.51	15.83
Alacrity Securities Limited	14 Aug 2013	0.00	9.00	-19.67
Edynamics Solutions Limited	26 Jun 2013	0.00	15.60	6.60
Onesource Techmedia Limited	05 Jun 2013	0.00	2.80	-11.43
HPC Biosciences Limited	19 Mar 2013	0.00	15.75	11.71
Channel Nine Entertainment Limited	12 Mar 2013	0.00	11.67	5.00
Sunstar Realty Development Limited	11 Mar 2013	0.00	10.62	12.50
Esteem Bio Organic Food Processing Limited	07 Feb 2013	0.00	11.25	6.00
Eco Friendly Food Processing Park Limited	14 Jan 2013	0.00	7.52	2.20
RCL Retail Limited	16 Oct 2012	0.00	5.80	4.50

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

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

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

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Jhandewalas Foods Limited	12 Jan 2018	278.82	16.01	20.00

Company Name	IPO Year (Listed)	Subscription	IPO Size (Cr.)	Listing Gain (%)
Angel Fibers Limited	06 Mar 2018		18.22	0.37
Moksh Ornaments Limited	03 Jan 2018		11.03	20.00
Vertoz Advertising Limited	24 Nov 2017	0.00	17.11	20.00
Sheetal Cool Products Limited	30 Oct 2017	0.00	24.00	8.25
Trident Texofab Limited	05 Oct 2017	0.00	3.53	126.67
ANG Lifesciences India Limited	08 Sep 2017	0.00	12.01	20.00
7NR Retails Limited	18 Jul 2017	0.00	5.12	0.00
Bhakti Gems and Jewellery Limited	30 May 2017	0.00	3.92	0.25
Meera Industries Limited	15 May 2017	0.00	3.89	0.14
ASL Industries Limited	18 Apr 2017	0.00	9.80	0.14
Sarthak Metals Limited	27 Mar 2017	0.00	10.91	2.50
Super Fine Knitters Limited	02 Feb 2017	0.00	4.08	5.00
Aditya Vision Limited	12 Dec 2016	0.00	5.76	1.80
India Green Reality Limited	18 Oct 2016	0.00	10.38	0.50
Aditya Consumer Marketing Limited	17 Oct 2016	0.00	6.00	10.00
Riddhi Steel & Tube Limited	14 Sep 2016	0.00	8.89	-0.92
Kwality Pharmaceuticals Limited	18 Jul 2016	0.00	6.21	-1.11
Shanti Educational Initiatives Ltd	14 Jun 2016	0.00	39.60	1.11
Nintec Systems Limited	18 Apr 2016	0.00	1.88	14.00
PB Films Limited	22 Sep 2015	0.00	5.00	-5.00
Gala Print City Limited	16 Jul 2015	0.00	3.04	0.42
VMV Holidays Limited	14 Jul 2015	0.00	1.56	5.00
Encash Entertainment Limited	29 Sep 2014	0.00	4.39	15.50
Naysaa Securities Limited	25 Sep 2014	0.00	1.50	-2.33
Oasis Tradelink Limited	14 Jul 2014	0.00	6.00	13.67
Tarini International Limited	26 Jun 2014	0.00	16.31	2.20
Polymac Thermoformers Limited	26 Feb 2014	0.00	7.70	2.43
Satkar Finlease Limited	11 Oct 2013	0.00	13.51	15.83
Alacrity Securities Limited	14 Aug 2013	0.00	9.00	-19.67
Edynamics Solutions Limited	26 Jun 2013	0.00	15.60	6.60
Onesource Techmedia Limited	05 Jun 2013	0.00	2.80	-11.43
HPC Biosciences Limited	19 Mar 2013	0.00	15.75	11.71
Channel Nine Entertainment Limited	12 Mar 2013	0.00	11.67	5.00
Sunstar Realty Development Limited	11 Mar 2013	0.00	10.62	12.50
Esteem Bio Organic Food Processing Limited	07 Feb 2013	0.00	11.25	6.00
Eco Friendly Food Processing Park Limited	14 Jan 2013	0.00	7.52	2.20
RCL Retail Limited	16 Oct 2012	0.00	5.80	4.50

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain (%)
Trident Texofab Limited	05 Oct 2017	Very Small (< 5 Cr)	35.00	126.67
Bhakti Gems and Jewellery Limited	30 May 2017	Very Small (< 5 Cr)	25.00	0.25
Meera Industries Limited	15 May 2017	Very Small (< 5 Cr)	12.00	0.14
Super Fine Knitters Limited	02 Feb 2017	Very Small (< 5 Cr)	14.00	5.00
Nintec Systems Limited	18 Apr 2016	Very Small (< 5 Cr)	0.00	14.00
PB Films Limited	22 Sep 2015	Very Small (< 5 Cr)	100.00	-5.00
Gala Print City Limited	16 Jul 2015	Very Small (< 5 Cr)	0.00	0.42
VMV Holidays Limited	14 Jul 2015	Very Small (< 5 Cr)	0.00	5.00
Encash Entertainment Limited	29 Sep 2014	Very Small (< 5 Cr)	0.00	15.50
Naysaa Securities Limited	25 Sep 2014	Very Small (< 5 Cr)	1500.00	-2.33
Onesource Techmedia Limited	05 Jun 2013	Very Small (< 5 Cr)	0.00	-11.43

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain (%)
Dolfin Rubbers Limited	10 Oct 2018	Small (5-10 Cr)	15.00	4.04
7NR Retails Limited	18 Jul 2017	Small (5-10 Cr)	50.00	0.00
ASL Industries Limited	18 Apr 2017	Small (5-10 Cr)	140.00	0.14
Aditya Vision Limited	12 Dec 2016	Small (5-10 Cr)	9.00	1.80
Aditya Consumer Marketing Limited	17 Oct 2016	Small (5-10 Cr)	12.00	10.00
Riddhi Steel & Tube Limited	14 Sep 2016	Small (5-10 Cr)	11.00	-0.92
Kwality Pharmaceuticals Limited	18 Jul 2016	Small (5-10 Cr)	15.00	-1.11
Oasis Tradelink Limited	14 Jul 2014	Small (5-10 Cr)	26.00	13.67
Polymac Thermoformers Limited	26 Feb 2014	Small (5-10 Cr)	31.00	2.43
Alacrity Securities Limited	14 Aug 2013	Small (5-10 Cr)	0.00	-19.67
Eco Friendly Food Processing Park Limited	14 Jan 2013	Small (5-10 Cr)	0.00	2.20
RCL Retail Limited	16 Oct 2012	Small (5-10 Cr)	0.00	4.50

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain(%)
Anand Rayons Limited	02 Jul 2019	Medium (10-25 Cr)	20.00	0.74
A-1 Acid Limited	10 Oct 2018	Medium (10-25 Cr)	24.00	2.08
Raw Edge Industrial Solutions Ltd	18 Jul 2018	Medium (10-25 Cr)	37.00	0.56
Taylormade Renewables Limited	06 Apr 2018	Medium (10-25 Cr)	20.00	8.00
Orissa Bengal Carrier Limited	05 Apr 2018	Medium (10-25 Cr)	9.00	11.50
Angel Fibers Limited	06 Mar 2018	Medium (10-25 Cr)	13.00	0.37
Bhatia Communications & Retail (India) Limited	20 Feb 2018	Medium (10-25 Cr)	35.00	0.07
Jhandewalas Foods Limited	12 Jan 2018	Medium (10-25 Cr)	24.00	20.00
Moksh Ornaments Limited	03 Jan 2018	Medium (10-25 Cr)	12.00	20.00
Vertoz Advertising Limited	24 Nov 2017	Medium (10-25 Cr)	16.00	20.00
Sheetal Cool Products Limited	30 Oct 2017	Medium (10-25 Cr)	36.00	8.25
ANG Lifesciences India Limited	08 Sep 2017	Medium (10-25 Cr)	14.00	20.00
Sarthak Metals Limited	27 Mar 2017	Medium (10-25 Cr)	8.00	2.50
India Green Reality Limited	18 Oct 2016	Medium (10-25 Cr)	16.00	0.50
Tarini International Limited	26 Jun 2014	Medium (10-25 Cr)	4000.00	2.20
Satkar Finlease Limited	11 Oct 2013	Medium (10-25 Cr)	1800.00	15.83
Edynamics Solutions Limited	26 Jun 2013	Medium (10-25 Cr)	0.00	6.60
HPC Biosciences Limited	19 Mar 2013	Medium (10-25 Cr)	8.00	11.71
Channel Nine Entertainment Limited	12 Mar 2013	Medium (10-25 Cr)	0.00	5.00
Sunstar Realty Development Limited	11 Mar 2013	Medium (10-25 Cr)	143.00	12.50
Esteem Bio Organic Food Processing Limited	07 Feb 2013	Medium (10-25 Cr)	0.00	6.00

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain (%)
Waa Solar Limited	12 Jun 2018	Large (25-50 Cr)	30.00	-4.88
Shanti Educational Initiatives Ltd	14 Jun 2016	Large (25-50 Cr)	66.00	1.11

Company Name	IPO Year (Listed)	Issue size	PE Ratio	Listing Gain (%)
MMP Industries Limited	12 Apr 2018	Very Large (>50 Cr)	20.00	6.12

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Orissa Bengal Carrier Limited	05 Apr 2018	1.30	9.00	11.50
Sarthak Metals Limited	27 Mar 2017	0.00	8.00	2.50
Aditya Vision Limited	12 Dec 2016	0.00	9.00	1.80
HPC Biosciences Limited	19 Mar 2013	0.00	8.00	11.71

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Anand Rayons Limited	02 Jul 2019	1.17	20.00	0.74
Dolfin Rubbers Limited	10 Oct 2018	1.25	15.00	4.04
MMP Industries Limited	12 Apr 2018	0.78	20.00	6.12
Taylormade Renewables Limited	06 Apr 2018	1.25	20.00	8.00
Angel Fibers Limited	06 Mar 2018		13.00	0.37
Moksh Ornaments Limited	03 Jan 2018		12.00	20.00
Vertoz Advertising Limited	24 Nov 2017	0.00	16.00	20.00
ANG Lifesciences India Limited	08 Sep 2017	0.00	14.00	20.00
Meera Industries Limited	15 May 2017	0.00	12.00	0.14
Super Fine Knitters Limited	02 Feb 2017	0.00	14.00	5.00
India Green Reality Limited	18 Oct 2016	0.00	16.00	0.50
Aditya Consumer Marketing Limited	17 Oct 2016	0.00	12.00	10.00
Riddhi Steel & Tube Limited	14 Sep 2016	0.00	11.00	-0.92
Kwality Pharmaceuticals Limited	18 Jul 2016	0.00	15.00	-1.11

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
A-1 Acid Limited	10 Oct 2018	1.81	24.00	2.08
Waa Solar Limited	12 Jun 2018	1.85	30.00	-4.88
Jhandewalas Foods Limited	12 Jan 2018	278.82	24.00	20.00
Bhakti Gems and Jewellery Limited	30 May 2017	0.00	25.00	0.25
Oasis Tradelink Limited	14 Jul 2014	0.00	26.00	13.67

Company Name	IPO Year (Listed)	Subscription	PE Ratio	Listing Gain (%)
Raw Edge Industrial Solutions Ltd	18 Jul 2018	1.10	37.00	0.56
Bhatia Communications & Retail (India) Limited	20 Feb 2018	1.36	35.00	0.07
Sheetal Cool Products Limited	30 Oct 2017	0.00	36.00	8.25
Trident Texofab Limited	05 Oct 2017	0.00	35.00	126.67
7NR Retails Limited	18 Jul 2017	0.00	50.00	0.00
Polymac Thermoformers Limited	26 Feb 2014	0.00	31.00	2.43

Company Name	IPO Year (Listed)	PE Ratio	Listing Gain (%)
ASL Industries Limited	18 Apr 2017	140.00	0.14
Shanti Educational Initiatives Ltd	14 Jun 2016	66.00	1.11
PB Films Limited	22 Sep 2015	100.00	-5.00
Naysaa Securities Limited	25 Sep 2014	1500.00	-2.33
Tarini International Limited	26 Jun 2014	4000.00	2.20
Satkar Finlease Limited	11 Oct 2013	1800.00	15.83
Sunstar Realty Development Limited	11 Mar 2013	143.00	12.50

Company Name	IPO Year (Listed)	Listing Gain (%)
Nintec Systems Limited	18 Apr 2016	14.00
Gala Print City Limited	16 Jul 2015	0.42
VMV Holidays Limited	14 Jul 2015	5.00
Encash Entertainment Limited	29 Sep 2014	15.50
Alacrity Securities Limited	14 Aug 2013	-19.67
Edynamics Solutions Limited	26 Jun 2013	6.60
Onesource Techmedia Limited	05 Jun 2013	-11.43
Channel Nine Entertainment Limited	12 Mar 2013	5.00
Esteem Bio Organic Food Processing Limited	07 Feb 2013	6.00
Eco Friendly Food Processing Park Limited	14 Jan 2013	2.20
RCL Retail Limited	16 Oct 2012	4.50

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Vertoz Advertising Limited	24 Nov 2017	Mumbai	Advertising and Media	17.11	16.00
Onesource Techmedia Limited	05 Jun 2013	Chennai	Advertising and Media	2.80	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
HPC Biosciences Limited	19 Mar 2013	New Delhi	Agro	15.75	8.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Jhandewalas Foods Limited	12 Jan 2018	Jaipur	Agro - Food Products	16.01	24.00
Sheetal Cool Products Limited	30 Oct 2017	Amreli	Agro - Food Products	24.00	36.00
Esteem Bio Organic Food Processing Limited	07 Feb 2013	New Delhi	Agro - Food Products	11.25	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Eco Friendly Food Processing Park Limited	14 Jan 2013	New Delhi	Agro - Plantation	7.52	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
MMP Industries Limited	12 Apr 2018	Nagpur	Aluminium	84.60	20.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
ASL Industries Limited	18 Apr 2017	Kolkata	Automobile - Forging and Casting	9.80	140.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Naysaa Securities Limited	25 Sep 2014	Mumbai	Banking and Finance	1.50	1500.00
Satkar Finlease Limited	11 Oct 2013	New Delhi	Banking and Finance	13.51	1800.00
Alacrity Securities Limited	14 Aug 2013	Mumbai	Banking and Finance	9.00	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
A-1 Acid Limited	10 Oct 2018	Ahmedabad	Chemical	18.00	24.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Gala Print City Limited	16 Jul 2015	Ahmedabad	Corporate Solutions	3.04	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Tarini International Limited	26 Jun 2014	New Delhi	Engineering - Tech Solutions	16.31	4000.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
PB Films Limited	22 Sep 2015	West Bengal	Film and Animation - VFX	5.00	100.00
Encash Entertainment Limited	29 Sep 2014	Kolkata	Film and Animation - VFX	4.39	0.00
Channel Nine Entertainment Limited	12 Mar 2013	New Delhi	Film and Animation - VFX	11.67	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Aditya Consumer Marketing Limited	17 Oct 2016	Patna	FMCG	6.00	12.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
RCL Retail Limited	16 Oct 2012	Chennai	FMCG - Snacks and Beverages	5.80	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Nintec Systems Limited	18 Apr 2016	Ahmedabad	Information Technology	1.88	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Moksh Ornaments Limited	03 Jan 2018	Mumbai	Jewellery	11.03	12.00
Bhakti Gems and Jewellery Limited	30 May 2017	Ahmedabad	Jewellery	3.92	25.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Orissa Bengal Carrier Limited	05 Apr 2018	Raipur	Logistics	16.69	9.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Sarthak Metals Limited	27 Mar 2017	Bhilai	Metal	10.91	8.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Raw Edge Industrial Solutions Ltd	18 Jul 2018	Mumbai	Minerals	16.50	37.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Polymac Thermoformers Limited	26 Feb 2014	Kolkata	Packaging & Disposables	7.70	31.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
ANG Lifesciences India Limited	08 Sep 2017	Amritsar	Pharmaceutical	12.01	14.00
Kwality Pharmaceuticals Limited	18 Jul 2016	Amritsar	Pharmaceutical	6.21	15.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
India Green Reality Limited	18 Oct 2016	Ahmedabad	Real Estate	10.38	16.00
Sunstar Realty Development Limited	11 Mar 2013	Mumbai	Real Estate	10.62	143.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Bhatia Communications & Retail (India) Limited	20 Feb 2018	Surat	Retail	24.75	35.00
Aditya Vision Limited	12 Dec 2016	Patna	Retail	5.76	9.00
Oasis Tradelink Limited	14 Jul 2014	Ahmedabad	Retail	6.00	26.00
Edynamics Solutions Limited	26 Jun 2013	New Delhi	Retail	15.60	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Dolfin Rubbers Limited	10 Oct 2018	Ludhiana	Rubber	5.20	15.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Waa Solar Limited	12 Jun 2018	Vadodara	Solar	28.18	30.00
Taylormade Renewables Limited	06 Apr 2018	Ahmedabad	Solar	11.34	20.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Riddhi Steel & Tube Limited	14 Sep 2016	Ahmedabad	Steel	8.89	11.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
Anand Rayons Limited	02 Jul 2019	Surat	Textiles	12.66	20.00
Angel Fibers Limited	06 Mar 2018	Rajkot	Textiles	18.22	13.00
Trident Texofab Limited	05 Oct 2017	Surat	Textiles	3.53	35.00
7NR Retails Limited	18 Jul 2017	Ahmedabad	Textiles	5.12	50.00
Meera Industries Limited	15 May 2017	Surat	Textiles	3.89	12.00
Super Fine Knitters Limited	02 Feb 2017	Ludhiana	Textiles	4.08	14.00
Shanti Educational Initiatives Ltd	14 Jun 2016	Ahmedabad	Textiles	39.60	66.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE Ratio
VMV Holidays Limited	14 Jul 2015	Kolkata	Travel and Tourism	1.56	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
A-1 Acid Limited	10 Oct 2018	Ahmedabad	Chemical	18.00	24.00
Taylormade Renewables Limited	06 Apr 2018	Ahmedabad	Solar	11.34	20.00
7NR Retails Limited	18 Jul 2017	Ahmedabad	Textiles	5.12	50.00
Bhakti Gems and Jewellery Limited	30 May 2017	Ahmedabad	Jewellery	3.92	25.00
India Green Reality Limited	18 Oct 2016	Ahmedabad	Real Estate	10.38	16.00
Riddhi Steel & Tube Limited	14 Sep 2016	Ahmedabad	Steel	8.89	11.00
Shanti Educational Initiatives Ltd	14 Jun 2016	Ahmedabad	Textiles	39.60	66.00
Nintec Systems Limited	18 Apr 2016	Ahmedabad	Information Technology	1.88	0.00
Gala Print City Limited	16 Jul 2015	Ahmedabad	Corporate Solutions	3.04	0.00
Oasis Tradelink Limited	14 Jul 2014	Ahmedabad	Retail	6.00	26.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Sheetal Cool Products Limited	30 Oct 2017	Amreli	Agro - Food Products	24.00	36.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
ANG Lifesciences India Limited	08 Sep 2017	Amritsar	Pharmaceutical	12.01	14.00
Kwality Pharmaceuticals Limited	18 Jul 2016	Amritsar	Pharmaceutical	6.21	15.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Sarthak Metals Limited	27 Mar 2017	Bhilai	Metal	10.91	8.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Onesource Techmedia Limited	05 Jun 2013	Chennai	Advertising and Media	2.80	0.00
RCL Retail Limited	16 Oct 2012	Chennai	FMCG - Snacks and Beverages	5.80	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Jhandewalas Foods Limited	12 Jan 2018	Jaipur	Agro - Food Products	16.01	24.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
ASL Industries Limited	18 Apr 2017	Kolkata	Automobile - Forging and Casting	9.80	140.00
VMV Holidays Limited	14 Jul 2015	Kolkata	Travel and Tourism	1.56	0.00
Encash Entertainment Limited	29 Sep 2014	Kolkata	Film and Animation - VFX	4.39	0.00
Polymac Thermoformers Limited	26 Feb 2014	Kolkata	Packaging & Disposables	7.70	31.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Dolfin Rubbers Limited	10 Oct 2018	Ludhiana	Rubber	5.20	15.00
Super Fine Knitters Limited	02 Feb 2017	Ludhiana	Textiles	4.08	14.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Raw Edge Industrial Solutions Ltd	18 Jul 2018	Mumbai	Minerals	16.50	37.00
Moksh Ornaments Limited	03 Jan 2018	Mumbai	Jewellery	11.03	12.00
Vertoz Advertising Limited	24 Nov 2017	Mumbai	Advertising and Media	17.11	16.00
Naysaa Securities Limited	25 Sep 2014	Mumbai	Banking and Finance	1.50	1500.00
Alacrity Securities Limited	14 Aug 2013	Mumbai	Banking and Finance	9.00	0.00
Sunstar Realty Development Limited	11 Mar 2013	Mumbai	Real Estate	10.62	143.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
MMP Industries Limited	12 Apr 2018	Nagpur	Aluminium	84.60	20.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Tarini International Limited	26 Jun 2014	New Delhi	Engineering - Tech Solutions	16.31	4000.00
Satkar Finlease Limited	11 Oct 2013	New Delhi	Banking and Finance	13.51	1800.00
Edynamics Solutions Limited	26 Jun 2013	New Delhi	Retail	15.60	0.00
HPC Biosciences Limited	19 Mar 2013	New Delhi	Agro	15.75	8.00
Channel Nine Entertainment Limited	12 Mar 2013	New Delhi	Film and Animation - VFX	11.67	0.00
Esteem Bio Organic Food Processing Limited	07 Feb 2013	New Delhi	Agro - Food Products	11.25	0.00
Eco Friendly Food Processing Park Limited	14 Jan 2013	New Delhi	Agro - Plantation	7.52	0.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Aditya Vision Limited	12 Dec 2016	Patna	Retail	5.76	9.00
Aditya Consumer Marketing Limited	17 Oct 2016	Patna	FMCG	6.00	12.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Orissa Bengal Carrier Limited	05 Apr 2018	Raipur	Logistics	16.69	9.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Angel Fibers Limited	06 Mar 2018	Rajkot	Textiles	18.22	13.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Anand Rayons Limited	02 Jul 2019	Surat	Textiles	12.66	20.00
Bhatia Communications & Retail (India) Limited	20 Feb 2018	Surat	Retail	24.75	35.00
Trident Texofab Limited	05 Oct 2017	Surat	Textiles	3.53	35.00
Meera Industries Limited	15 May 2017	Surat	Textiles	3.89	12.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
Waa Solar Limited	12 Jun 2018	Vadodara	Solar	28.18	30.00

Company Name	IPO Year (Listed)	City	Sector	IPO Size (Cr.)	PE
PB Films Limited	22 Sep 2015	West Bengal	Film and Animation - VFX	5.00	100.00

Company Name	IPO Year (Listed)	Offer Price	CMP	Current Market Performance %
Anand Rayons Limited	02 Jul 2019	27.00	434.00	1,507.41%
Dolfin Rubbers Limited	10 Oct 2018	26.00	190.00	630.77%
A-1 Acid Limited	10 Oct 2018	60.00	978.35	1,530.58%
MMP Industries Limited	12 Apr 2018	188.00	273.15	45.29%
Taylormade Renewables Limited	06 Apr 2018	35.00	182.60	421.71%
Orissa Bengal Carrier Limited	05 Apr 2018	30.00	55.50	85.00%
Sheetal Cool Products Limited	30 Oct 2017	80.00	244.14	205.18%
Trident Texofab Limited	05 Oct 2017	30.00	350.00	1,066.67%
Bhakti Gems and Jewellery Limited	30 May 2017	20.00	20.95	4.75%
Meera Industries Limited	15 May 2017	36.00	63.40	76.11%
ASL Industries Limited	18 Apr 2017	35.00	67.60	93.14%
Sarthak Metals Limited	27 Mar 2017	30.00	101.62	238.73%
Aditya Vision Limited	12 Dec 2016	15.00	557.70	3,618.00%
Aditya Consumer Marketing Limited	17 Oct 2016	15.00	53.59	257.27%
Riddhi Steel & Tube Limited	14 Sep 2016	38.00	90.00	136.84%
Kwality Pharmaceuticals Limited	18 Jul 2016	45.00	882.30	1,860.67%
Shanti Educational Initiatives Ltd	14 Jun 2016	90.00	110.00	22.22%
Nintec Systems Limited	18 Apr 2016	10.00	436.15	4,261.50%
Naysaa Securities Limited	25 Sep 2014	15.00	522.30	3,382.00%
Alacrity Securities Limited	14 Aug 2013	15.00	57.30	282.00%
Onesource Techmedia Limited	05 Jun 2013	14.00	19.90	42.14%

Company Name	IPO Year (Listed)	Offer Price	CMP	Current Market Performance %
Raw Edge Industrial Solutions Ltd	18 Jul 2018	72.00	28.91	-59.85%
Waa Solar Limited	12 Jun 2018	161.00	66.37	-58.78%
Angel Fibers Limited	06 Mar 2018	27.00	21.20	-21.48%
Bhatia Communications & Retail (India) Limited	20 Feb 2018	150.00	27.65	-81.57%
Jhandewalas Foods Limited	12 Jan 2018	55.00	52.50	-4.55%
Moksh Ornaments Limited	03 Jan 2018	37.00	14.99	102.57%
Vertoz Advertising Limited	24 Nov 2017	108.00	68.80	537.04%
ANG Lifesciences India Limited	08 Sep 2017	80.00	33.76	-57.80%
7NR Retails Limited	18 Jul 2017	27.00	4.40	-83.70%
Super Fine Knitters Limited	02 Feb 2017	12.00	9.90	-17.50%
India Green Reality Limited	18 Oct 2016	30.00	5.24	-82.53%
PB Films Limited	22 Sep 2015	10.00	0.68	-93.20%
Gala Print City Limited	16 Jul 2015	24.00	2.55	-78.75%
VMV Holidays Limited	14 Jul 2015	10.00	1.60	-84.00%
Encash Entertainment Limited	29 Sep 2014	40.00	29.00	-27.50%
Oasis Tradelink Limited	14 Jul 2014	30.00	0.00	-100.00%
Tarini International Limited	26 Jun 2014	41.00	12.70	-69.02%
Polymac Thermoformers Limited	26 Feb 2014	35.00	18.34	-47.60%
Satkar Finlease Limited	11 Oct 2013	18.00	0.00	-100.00%
Edynamics Solutions Limited	26 Jun 2013	25.00	2.94	-88.24%
HPC Biosciences Limited	19 Mar 2013	35.00	26.20	648.57%
Channel Nine Entertainment Limited	12 Mar 2013	25.00	10.41	316.40%
Sunstar Realty Development Limited	11 Mar 2013	20.00	0.00	-100.00%
Esteem Bio Organic Food Processing Limited	07 Feb 2013	25.00	4.64	85.60%
Eco Friendly Food Processing Park Limited	14 Jan 2013	25.00	8.21	228.40%
RCL Retail Limited	16 Oct 2012	10.00	8.52	-14.80%

Company Name	IPO Year (Listed)	Listing Price	CMP	Current Market Performance %
Anand Rayons Limited	02 Jul 2019	27.20	434.00	1,507.41%
Dolfin Rubbers Limited	10 Oct 2018	27.05	190.00	630.77%
A-1 Acid Limited	10 Oct 2018	61.25	978.35	1,530.58%
MMP Industries Limited	12 Apr 2018	199.50	273.15	45.29%
Taylormade Renewables Limited	06 Apr 2018	37.80	182.60	421.71%
Orissa Bengal Carrier Limited	05 Apr 2018	33.45	55.50	85.00%
Sheetal Cool Products Limited	30 Oct 2017	86.60	244.14	205.18%
Trident Texofab Limited	05 Oct 2017	68.00	350.00	1,066.67%
Bhakti Gems and Jewellery Limited	30 May 2017	20.05	20.95	4.75%
Meera Industries Limited	15 May 2017	36.05	63.40	76.11%
ASL Industries Limited	18 Apr 2017	35.05	67.60	93.14%
Sarthak Metals Limited	27 Mar 2017	30.75	101.62	238.73%
Aditya Vision Limited	12 Dec 2016	15.27	557.70	3,618.00%
Aditya Consumer Marketing Limited	17 Oct 2016	16.50	53.59	257.27%
Riddhi Steel & Tube Limited	14 Sep 2016	37.65	90.00	136.84%
Kwality Pharmaceuticals Limited	18 Jul 2016	44.50	882.30	1,860.67%
Shanti Educational Initiatives Ltd	14 Jun 2016	91.00	110.00	22.22%
Nintec Systems Limited	18 Apr 2016	11.40	436.15	4,261.50%
Naysaa Securities Limited	25 Sep 2014	14.65	522.30	3,382.00%
Alacrity Securities Limited	14 Aug 2013	12.05	57.30	282.00%
Onesource Techmedia Limited	05 Jun 2013	12.40	19.90	42.14%

Company Name	IPO Year (Listed)	Listing Price	CMP	Current Market Performance %
Raw Edge Industrial Solutions Ltd	18 Jul 2018	72.40	28.91	-59.85%
Waa Solar Limited	12 Jun 2018	153.15	66.37	-58.78%
Angel Fibers Limited	06 Mar 2018	27.10	21.20	-21.48%
Bhatia Communications & Retail (India) Limited	20 Feb 2018	150.10	27.65	-81.57%
Jhandewalas Foods Limited	12 Jan 2018	66.00	52.50	-4.55%
Moksh Ornaments Limited	03 Jan 2018	44.40	14.99	102.57%
Vertoz Advertising Limited	24 Nov 2017	129.60	68.80	537.04%
ANG Lifesciences India Limited	08 Sep 2017	96.00	33.76	-57.80%
7NR Retails Limited	18 Jul 2017	27.00	4.40	-83.70%
Super Fine Knitters Limited	02 Feb 2017	12.60	9.90	-17.50%
India Green Reality Limited	18 Oct 2016	30.15	5.24	-82.53%
PB Films Limited	22 Sep 2015	9.50	0.68	-93.20%
Gala Print City Limited	16 Jul 2015	24.10	2.55	-78.75%
VMV Holidays Limited	14 Jul 2015	10.50	1.60	-84.00%
Encash Entertainment Limited	29 Sep 2014	46.20	29.00	-27.50%
Oasis Tradelink Limited	14 Jul 2014	34.10	0.00	-100.00%
Tarini International Limited	26 Jun 2014	41.90	12.70	-69.02%
Polymac Thermoformers Limited	26 Feb 2014	35.85	18.34	-47.60%
Satkar Finlease Limited	11 Oct 2013	20.85	0.00	-100.00%
Edynamics Solutions Limited	26 Jun 2013	26.65	2.94	-88.24%
HPC Biosciences Limited	19 Mar 2013	39.10	26.20	648.57%
Channel Nine Entertainment Limited	12 Mar 2013	26.25	10.41	316.40%
Sunstar Realty Development Limited	11 Mar 2013	22.50	0.00	-100.00%
Esteem Bio Organic Food Processing Limited	07 Feb 2013	26.50	4.64	85.60%
Eco Friendly Food Processing Park Limited	14 Jan 2013	25.55	8.21	228.40%
RCL Retail Limited	16 Oct 2012	10.45	8.52	-14.80%

Company Name	IPO Year (Listed)	Exchange	PE Ratio	IPO Size (Cr.)
MMP Industries Limited	12 Apr 2018	NSE EMERGE	20.00	84.60
Moksh Ornaments Limited	03 Jan 2018	NSE EMERGE	12.00	11.03
Vertoz Advertising Limited	24 Nov 2017	NSE EMERGE	16.00	17.11
ASL Industries Limited	18 Apr 2017	NSE EMERGE	140.00	9.80

Company Name	IPO Year (Listed)	Exchange	PE Ratio	IPO Size (Cr.)
Anand Rayons Limited	02 Jul 2019	BSE SME	20.00	12.66
Dolfin Rubbers Limited	10 Oct 2018	BSE SME	15.00	5.20
A-1 Acid Limited	10 Oct 2018	BSE SME	24.00	18.00
Raw Edge Industrial Solutions Ltd	18 Jul 2018	BSE SME	37.00	16.50
Waa Solar Limited	12 Jun 2018	BSE SME	30.00	28.18
Taylormade Renewables Limited	06 Apr 2018	BSE SME	20.00	11.34
Orissa Bengal Carrier Limited	05 Apr 2018	BSE SME	9.00	16.69
Angel Fibers Limited	06 Mar 2018	BSE SME	13.00	18.22
Bhatia Communications & Retail (India) Limited	20 Feb 2018	BSE SME	35.00	24.75
Jhandewalas Foods Limited	12 Jan 2018	BSE SME	24.00	16.01
Sheetal Cool Products Limited	30 Oct 2017	BSE SME	36.00	24.00
Trident Texofab Limited	05 Oct 2017	BSE SME	35.00	3.53
ANG Lifesciences India Limited	08 Sep 2017	BSE SME	14.00	12.01
7NR Retails Limited	18 Jul 2017	BSE SME	50.00	5.12
Bhakti Gems and Jewellery Limited	30 May 2017	BSE SME	25.00	3.92
Meera Industries Limited	15 May 2017	BSE SME	12.00	3.89
Sarthak Metals Limited	27 Mar 2017	BSE SME	8.00	10.91
Super Fine Knitters Limited	02 Feb 2017	BSE SME	14.00	4.08
Aditya Vision Limited	12 Dec 2016	BSE SME	9.00	5.76
India Green Reality Limited	18 Oct 2016	BSE SME	16.00	10.38
Aditya Consumer Marketing Limited	17 Oct 2016	BSE SME	12.00	6.00
Riddhi Steel & Tube Limited	14 Sep 2016	BSE SME	11.00	8.89
Kwality Pharmaceuticals Limited	18 Jul 2016	BSE SME	15.00	6.21
Shanti Educational Initiatives Ltd	14 Jun 2016	BSE SME	66.00	39.60
Nintec Systems Limited	18 Apr 2016	BSE SME	0.00	1.88
PB Films Limited	22 Sep 2015	BSE SME	100.00	5.00
Gala Print City Limited	16 Jul 2015	BSE SME	0.00	3.04
VMV Holidays Limited	14 Jul 2015	BSE SME	0.00	1.56
Encash Entertainment Limited	29 Sep 2014	BSE SME	0.00	4.39
Naysaa Securities Limited	25 Sep 2014	BSE SME	1500.00	1.50
Oasis Tradelink Limited	14 Jul 2014	BSE SME	26.00	6.00
Tarini International Limited	26 Jun 2014	BSE SME	4000.00	16.31
Polymac Thermoformers Limited	26 Feb 2014	BSE SME	31.00	7.70
Satkar Finlease Limited	11 Oct 2013	BSE SME	1800.00	13.51
Alacrity Securities Limited	14 Aug 2013	BSE SME	0.00	9.00
Edynamics Solutions Limited	26 Jun 2013	BSE SME	0.00	15.60
Onesource Techmedia Limited	05 Jun 2013	BSE SME	0.00	2.80
HPC Biosciences Limited	19 Mar 2013	BSE SME	8.00	15.75
Channel Nine Entertainment Limited	12 Mar 2013	BSE SME	0.00	11.67
Sunstar Realty Development Limited	11 Mar 2013	BSE SME	143.00	10.62
Esteem Bio Organic Food Processing Limited	07 Feb 2013	BSE SME	0.00	11.25
Eco Friendly Food Processing Park Limited	14 Jan 2013	BSE SME	0.00	7.52
RCL Retail Limited	16 Oct 2012	BSE SME	0.00	5.80

Company Name	IPO Year (Listed)	IPO Size (Cr.)	Exchange	MIgration date
Anand Rayons Limited	02 Jul 2019	12.66	BSE SME	-
Dolfin Rubbers Limited	10 Oct 2018	5.20	BSE SME	-
A-1 Acid Limited	10 Oct 2018	18.00	BSE SME	-
Raw Edge Industrial Solutions Ltd	18 Jul 2018	16.50	BSE SME	-
MMP Industries Limited	12 Apr 2018	84.60	NSE EMERGE	09 Jan 2020
Taylormade Renewables Limited	06 Apr 2018	11.34	BSE SME	-
Orissa Bengal Carrier Limited	05 Apr 2018	16.69	BSE SME	-
Bhatia Communications & Retail (India) Limited	20 Feb 2018	24.75	BSE SME	-
Moksh Ornaments Limited	03 Jan 2018	11.03	NSE EMERGE	21 May 2021
Vertoz Advertising Limited	24 Nov 2017	17.11	NSE EMERGE	14 May 2020
Sheetal Cool Products Limited	30 Oct 2017	24.00	BSE SME	-
Trident Texofab Limited	05 Oct 2017	3.53	BSE SME	-
ANG Lifesciences India Limited	08 Sep 2017	12.01	BSE SME	-
7NR Retails Limited	18 Jul 2017	5.12	BSE SME	-
Bhakti Gems and Jewellery Limited	30 May 2017	3.92	BSE SME	-
Meera Industries Limited	15 May 2017	3.89	BSE SME	-
Sarthak Metals Limited	27 Mar 2017	10.91	BSE SME	-
Aditya Vision Limited	12 Dec 2016	5.76	BSE SME	-
Kwality Pharmaceuticals Limited	18 Jul 2016	6.21	BSE SME	-
Shanti Educational Initiatives Ltd	14 Jun 2016	39.60	BSE SME	-
Nintec Systems Limited	18 Apr 2016	1.88	BSE SME	-
Gala Print City Limited	16 Jul 2015	3.04	BSE SME	-
VMV Holidays Limited	14 Jul 2015	1.56	BSE SME	-
Naysaa Securities Limited	25 Sep 2014	1.50	BSE SME	-
Oasis Tradelink Limited	14 Jul 2014	6.00	BSE SME	-
Satkar Finlease Limited	11 Oct 2013	13.51	BSE SME	-
Alacrity Securities Limited	14 Aug 2013	9.00	BSE SME	-
Edynamics Solutions Limited	26 Jun 2013	15.60	BSE SME	-
Sunstar Realty Development Limited	11 Mar 2013	10.62	BSE SME	-

Company Name	IPO Year (Listed)	PE Ratio	IPO Size (Cr.)	Offer Price	Listing Price	Listing Gain (%)

Company Name	IPO Year (Listed)	PE Ratio	IPO Size (Cr.)	Offer Price	Listing Price	Listing Gain (%)

Company Name	IPO Year (Listed)	PE Ratio	IPO Size (Cr.)	Offer Price	Listing Price	Listing Gain (%)

Company Name	IPO Year (Listed)	PE Ratio	IPO Size (Cr.)	Offer Price	Listing Price	Listing Gain (%)

Company Name	IPO Year (Listed)	PE Ratio	IPO Size (Cr.)	Offer Price	Listing Price	Listing Gain (%)

Company Name	IPO Year (Listed)	PE Ratio	IPO Size (Cr.)	Offer Price	Listing Price	Listing Gain (%)

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Guiness Corporate Advisors Private Limited ★★★★☆

Guiness Corporate Advisors Private Limited is a SEBI registered CAT I Merchant Banker located in Kolkata. They provide services in various areas of capital market like IPO, Private Equity, Investment Banking etc.

Incorporation Year 1976

City Kolkata

Website https://www.ipoplatform.com/merchant-banker/guiness-corporate-advisors-private-limited/2

SME IPOs so far 47

Year Wise SME IPO Listing

FY26 0

FY25 0

FY24 0

FY23 0

FY22 0

FY21 0

SME IPOs listing on Exchange

NSE Emerge 4 (9%)

BSE SME 43 (91%)

SME IPOs by Listing

Gain 39 (83%)

Loss8 (17%)

Latest SME IPOs

Anand Rayons Limited

Sector : Textiles

Exchange : BSE SME

Listing Date : 02 Jul 19

IPO Size : 13 Cr.

Subscribed : 1.17 x

Listing Gain : 0.74 %

Dolfin Rubbers Limited

Sector : Rubber

Exchange : BSE SME

Listing Date : 10 Oct 18

IPO Size : 5 Cr.

Subscribed : 1.25 x

Listing Gain : 4.04 %

A-1 Acid Limited

Sector : Chemical

Exchange : BSE SME

Listing Date : 10 Oct 18

IPO Size : 18 Cr.

Subscribed : 1.81 x

Listing Gain : 2.08 %

Raw Edge Industrial Solutions Ltd

Sector : Minerals

Exchange : BSE SME

Listing Date : 18 Jul 18

IPO Size : 17 Cr.

Subscribed : 1.10 x

Listing Gain : 0.56 %

Waa Solar Limited

Sector : Solar

Exchange : BSE SME

Listing Date : 12 Jun 18

IPO Size : 28 Cr.

Subscribed : 1.85 x

Listing Gain : -4.88 %

MMP Industries Limited

Sector : Aluminium

Exchange : NSE EMERGE

Listing Date : 12 Apr 18

IPO Size : 85 Cr.

Subscribed : 0.78 x

Listing Gain : 6.12 %

Taylormade Renewables Limited

Sector : Solar

Exchange : BSE SME

Listing Date : 06 Apr 18

IPO Size : 11 Cr.

Subscribed : 1.25 x

Listing Gain : 8.00 %

Orissa Bengal Carrier Limited

Sector : Logistics

Exchange : BSE SME

Listing Date : 05 Apr 18

IPO Size : 17 Cr.

Subscribed : 1.30 x

Listing Gain : 11.50 %

Angel Fibers Limited

Sector : Textiles

Exchange : BSE SME

Listing Date : 06 Mar 18

IPO Size : 18 Cr.

Subscribed : x

Listing Gain : 0.37 %

Bhatia Communications & Retail (India) Limited

Sector : Retail

Exchange : BSE SME

Listing Date : 20 Feb 18

IPO Size : 25 Cr.

Subscribed : 1.36 x

Listing Gain : 0.07 %

Jhandewalas Foods Limited

Sector : Agro - Food Products

Exchange : BSE SME

Listing Date : 12 Jan 18

IPO Size : 16 Cr.

Subscribed : 278.82 x

Listing Gain : 20.00 %

Moksh Ornaments Limited

Sector : Jewellery

Exchange : NSE EMERGE

Listing Date : 03 Jan 18

IPO Size : 11 Cr.

Subscribed : x

Listing Gain : 20.00 %

Vertoz Advertising Limited

Sector : Advertising and Media

Exchange : NSE EMERGE

Listing Date : 24 Nov 17

IPO Size : 17 Cr.

Subscribed : 0.00 x

Listing Gain : 20.00 %

Sheetal Cool Products Limited

Sector : Agro - Food Products

Exchange : BSE SME

Listing Date : 30 Oct 17

IPO Size : 24 Cr.

Subscribed : 0.00 x

Listing Gain : 8.25 %

Trident Texofab Limited

Sector : Textiles

Exchange : BSE SME

Listing Date : 05 Oct 17

IPO Size : 4 Cr.

Subscribed : 0.00 x

Listing Gain : 126.67 %

ANG Lifesciences India Limited

Sector : Pharmaceutical

Exchange : BSE SME

Listing Date : 08 Sep 17

IPO Size : 12 Cr.

Subscribed : 0.00 x

Listing Gain : 20.00 %

7NR Retails Limited

Sector : Textiles

Exchange : BSE SME

Listing Date : 18 Jul 17

IPO Size : 5 Cr.

Subscribed : 0.00 x

Listing Gain : 0.00 %

Bhakti Gems and Jewellery Limited

Sector : Jewellery

Exchange : BSE SME

Listing Date : 30 May 17

IPO Size : 4 Cr.

Subscribed : 0.00 x

Listing Gain : 0.25 %

Meera Industries Limited

Sector : Textiles

Exchange : BSE SME

Listing Date : 15 May 17

IPO Size : 4 Cr.

Subscribed : 0.00 x

Listing Gain : 0.14 %

ASL Industries Limited

Sector : Automobile - Forging and Casting

Exchange : NSE EMERGE

Listing Date : 18 Apr 17

IPO Size : 10 Cr.

Subscribed : 0.00 x

Listing Gain : 0.14 %

Sarthak Metals Limited

Sector : Metal

Exchange : BSE SME

Listing Date : 27 Mar 17

IPO Size : 11 Cr.

Subscribed : 0.00 x

Listing Gain : 2.50 %

Super Fine Knitters Limited

Sector : Textiles

Exchange : BSE SME

Listing Date : 02 Feb 17

IPO Size : 4 Cr.

Subscribed : 0.00 x

Listing Gain : 5.00 %

Aditya Vision Limited

Sector : Retail

Exchange : BSE SME

Listing Date : 12 Dec 16

IPO Size : 6 Cr.

Subscribed : 0.00 x

Listing Gain : 1.80 %

India Green Reality Limited

Sector : Real Estate

Exchange : BSE SME

Listing Date : 18 Oct 16

IPO Size : 10 Cr.

Subscribed : 0.00 x

Listing Gain : 0.50 %

Aditya Consumer Marketing Limited

Sector : FMCG

Exchange : BSE SME

Listing Date : 17 Oct 16

IPO Size : 6 Cr.

Subscribed : 0.00 x

Listing Gain : 10.00 %

Riddhi Steel & Tube Limited

Sector : Steel

Exchange : BSE SME

Listing Date : 14 Sep 16

IPO Size : 9 Cr.

Subscribed : 0.00 x

Listing Gain : -0.92 %

Kwality Pharmaceuticals Limited

Sector : Pharmaceutical

Exchange : BSE SME

Listing Date : 18 Jul 16

IPO Size : 6 Cr.

Subscribed : 0.00 x

Listing Gain : -1.11 %

Shanti Educational Initiatives Ltd

Sector : Textiles

Exchange : BSE SME

Listing Date : 14 Jun 16

IPO Size : 40 Cr.

Subscribed : 0.00 x

Listing Gain : 1.11 %

Nintec Systems Limited

Sector : Information Technology

Exchange : BSE SME

Listing Date : 18 Apr 16

IPO Size : 2 Cr.

Subscribed : 0.00 x

Listing Gain : 14.00 %

PB Films Limited

Sector : Film and Animation - VFX

Exchange : BSE SME

Listing Date : 22 Sep 15

IPO Size : 5 Cr.

Subscribed : 0.00 x

Listing Gain : -5.00 %

Gala Print City Limited

Sector : Corporate Solutions

Exchange : BSE SME

Listing Date : 16 Jul 15

IPO Size : 3 Cr.

Subscribed : 0.00 x

Listing Gain : 0.42 %

VMV Holidays Limited

Sector : Travel and Tourism

Exchange : BSE SME

Listing Date : 14 Jul 15

IPO Size : 2 Cr.

Subscribed : 0.00 x

Listing Gain : 5.00 %

Encash Entertainment Limited

Sector : Film and Animation - VFX

Exchange : BSE SME

Listing Date : 29 Sep 14

IPO Size : 4 Cr.

Subscribed : 0.00 x

Listing Gain : 15.50 %

Naysaa Securities Limited

Sector : Banking and Finance

Exchange : BSE SME

Listing Date : 25 Sep 14

IPO Size : 2 Cr.

Subscribed : 0.00 x

Listing Gain : -2.33 %

Oasis Tradelink Limited

Sector : Retail

Exchange : BSE SME

Listing Date : 14 Jul 14

IPO Size : 6 Cr.

Subscribed : 0.00 x

Listing Gain : 13.67 %

Tarini International Limited

Sector : Engineering - Tech Solutions

Exchange : BSE SME

Listing Date : 26 Jun 14

IPO Size : 16 Cr.

Subscribed : 0.00 x

Listing Gain : 2.20 %

Polymac Thermoformers Limited

Sector : Packaging & Disposables

Exchange : BSE SME

Listing Date : 26 Feb 14

IPO Size : 8 Cr.

Subscribed : 0.00 x

Listing Gain : 2.43 %

Satkar Finlease Limited

Sector : Banking and Finance

Exchange : BSE SME

Listing Date : 11 Oct 13

IPO Size : 14 Cr.

Subscribed : 0.00 x

Listing Gain : 15.83 %

Alacrity Securities Limited

Sector : Banking and Finance

Exchange : BSE SME

Listing Date : 14 Aug 13

IPO Size : 9 Cr.

Subscribed : 0.00 x

Listing Gain : -19.67 %

Edynamics Solutions Limited

Sector : Retail

Exchange : BSE SME

Listing Date : 26 Jun 13

IPO Size : 16 Cr.

Subscribed : 0.00 x

Listing Gain : 6.60 %

Onesource Techmedia Limited

Sector : Advertising and Media

Exchange : BSE SME

Listing Date : 05 Jun 13

IPO Size : 3 Cr.

Subscribed : 0.00 x

Listing Gain : -11.43 %

HPC Biosciences Limited

Sector : Agro

Exchange : BSE SME

Listing Date : 19 Mar 13

IPO Size : 16 Cr.

Subscribed : 0.00 x

Listing Gain : 11.71 %

Channel Nine Entertainment Limited

Sector : Film and Animation - VFX

Exchange : BSE SME

Listing Date : 12 Mar 13

IPO Size : 12 Cr.

Subscribed : 0.00 x

Listing Gain : 5.00 %

Sunstar Realty Development Limited

Sector : Real Estate

Exchange : BSE SME

Listing Date : 11 Mar 13

IPO Size : 11 Cr.

Subscribed : 0.00 x

Listing Gain : 12.50 %

Esteem Bio Organic Food Processing Limited

Sector : Agro - Food Products

Exchange : BSE SME

Listing Date : 07 Feb 13

IPO Size : 11 Cr.

Subscribed : 0.00 x

Listing Gain : 6.00 %

Eco Friendly Food Processing Park Limited

Sector : Agro - Plantation

Exchange : BSE SME

Listing Date : 14 Jan 13

IPO Size : 8 Cr.

Subscribed : 0.00 x

Listing Gain : 2.20 %

RCL Retail Limited

Sector : FMCG - Snacks and Beverages

Exchange : BSE SME

Listing Date : 16 Oct 12

IPO Size : 6 Cr.

Subscribed : 0.00 x

Listing Gain : 4.50 %

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SME IPOs by PE

Low (1-10) 4 (9%)

Average (10-20) 14 (30%)

Moderately High (20-30) 5 (11%)

Very High (30-50) 6 (13%)

Extreme (50+)7 (15%)

NA 11 (23%)

SME IPOs by City

Ahmedabad 10

Amreli 1

Amritsar 2

Bhilai 1

Chennai 2

Jaipur 1

Kolkata 4

Ludhiana 2

Mumbai 6

Nagpur 1

New Delhi 7

Patna 2

Raipur 1

Rajkot 1

Surat 4

Vadodara 1

West Bengal 1

SME IPOs by Sector

Advertising and Media 2

Agro 1

Agro - Food Products 3

Agro - Plantation 1

Aluminium 1

Automobile - Forging and Casting 1

Banking and Finance 3

Chemical 1

Corporate Solutions 1

Engineering - Tech Solutions 1

Film and Animation - VFX 3

FMCG 1

FMCG - Snacks and Beverages 1

Information Technology 1

Jewellery 2

Logistics 1

Metal 1

Minerals 1

Packaging & Disposables 1

Pharmaceutical 2

Real Estate 2

Retail 4

Rubber 1

Solar 2

Steel 1

Textiles 7

Travel and Tourism 1

SME IPOs by Post Listing Performance

Offer Price Vs Current Market Price

Gain 21 (45%)

Loss 26 (55%)

Listing Price Vs Current Market Price

Gain 21 (45%)

Loss 26 (55%)

SME IPOs migrated to Mainboard29

Other Useful Resources

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Compare Guiness Corporate with Other Merchant Bankers

FAQs

1. What is Guiness Corporate? What services do Guiness Corporate offer?

Guiness Corporate provides merchant banking services, including IPO management, advisory, and other capital market services.

2. Which is the latest IPO by Guiness Corporate merchant banker?

Anand Rayons Limited is the latest IPO listed by Guiness Corporate on BSE SME. The company is based in Surat and is engaged in Textiles business.

3. Which are the upcoming SME IPOs by Guiness Corporate?

Upcoming SME IPOs are the IPOs for which DRHP has been filed by Guiness Corporate. companies have filed DRHPs on NSE Emerge/BSE SME with Guiness Corporate as merchant bankers.

4. Guiness Corporate BRLM IPOs and listing gain?

126.67% was the highest listing gain for Trident Texofab Limited listed on BSE SME in the year 05 Oct 2017. View Merchant Banker by Listing Gain

5. What are the merchant banker fees of Guiness Corporate?

Generally, the merchant banker fee or IPO cost is 8-12% of the issue size, though it may vary according to the IPO.

6. Which IPOs listed by Guiness Corporate in BSE SME or NSE SME have migrated to Mainboard?

29 SME IPOs listed on BSE SME or NSE SME have been migrated to the mainboard. For migration, the company listed on SME has to fulfill certain criteria available here. View List of Companies Migrated

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SME IPOs so far 47

Year Wise SME IPO Listing

SME IPOs listing on Exchange

SME IPOs by Listing

Latest SME IPOs

Anand Rayons Limited

Dolfin Rubbers Limited

A-1 Acid Limited

Raw Edge Industrial Solutions Ltd

Waa Solar Limited

MMP Industries Limited

Taylormade Renewables Limited

Orissa Bengal Carrier Limited

Angel Fibers Limited

Bhatia Communications & Retail (India) Limited

Jhandewalas Foods Limited

Moksh Ornaments Limited

Vertoz Advertising Limited

Sheetal Cool Products Limited

Trident Texofab Limited

ANG Lifesciences India Limited

7NR Retails Limited

Bhakti Gems and Jewellery Limited

Meera Industries Limited

ASL Industries Limited

Sarthak Metals Limited

Super Fine Knitters Limited

Aditya Vision Limited

India Green Reality Limited

Aditya Consumer Marketing Limited

Riddhi Steel & Tube Limited

Kwality Pharmaceuticals Limited

Shanti Educational Initiatives Ltd

Nintec Systems Limited

PB Films Limited

Gala Print City Limited

VMV Holidays Limited

Encash Entertainment Limited

Naysaa Securities Limited

Oasis Tradelink Limited

Tarini International Limited

Polymac Thermoformers Limited

Satkar Finlease Limited

Alacrity Securities Limited

Edynamics Solutions Limited

Onesource Techmedia Limited

HPC Biosciences Limited

Channel Nine Entertainment Limited

Sunstar Realty Development Limited

Esteem Bio Organic Food Processing Limited

Eco Friendly Food Processing Park Limited

RCL Retail Limited

SME IPOs by Subscription

SME IPOs by IPO Size

Thinking ofListing Your Business through SME IPO?

SME IPOs by PE

SME IPOs by City

SME IPOs by Sector

SME IPOs by Post Listing Performance

Offer Price Vs Current Market Price

Listing Price Vs Current Market Price

SME IPOs migrated to Mainboard29

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Listing Your Business through
SME IPO?

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