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Aryaman Financial Services Limited IPO Lead Manager

Aryaman Financial Services Limited has managed 11 IPOS tracked on IPO Master: 4 mainboard and 7 SME. Of the 10 that have listed, 9 (90.00%) listed above the issue price, and the average listing gain is +8.40%. The most recent is M.K.Sons Fine Jewels IPO, which opened on .

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IPOs managed
11
Mainboard / SME
4 / 7
Listed above issue
90.00% 9/10
Avg listing gain
+8.40%

IPOs managed by Aryaman Financial Services Limited

IPO Type Status Opened Issue price Listed Listing gain More
M.K.Sons Fine Jewels IPO Mainboard Closed ₹162 — — GMP · Subscription
Shankesh Jewellers IPO Mainboard Listed ₹93 — +11.08% GMP · Subscription
Diksha Polymers IPO SME Listed ₹112 — +2.23% GMP · Subscription
Narmadesh Brass Industries IPO SME Listed ₹515 — -3.88% GMP · Subscription
B.D.Industries IPO SME Listed ₹108 — +0.83% GMP · Subscription
Integrity Infrabuild Developers IPO SME Listed ₹100 — +0.80% GMP · Subscription
NAPS Global India IPO SME Listed ₹90 — +20.00% GMP · Subscription
CLN Energy IPO SME Listed ₹250 — +2.40% GMP · Subscription
Indo Farm Equipment IPO Mainboard Listed ₹215 — +28.58% GMP · Subscription
Khyati Global Ventures IPO SME Listed ₹99 — +6.06% GMP · Subscription
Vraj Iron and Steel IPO Mainboard Listed ₹207 — +15.94% GMP · Subscription

Listing gain = (listing price − issue price) ÷ issue price × 100, using the upper end of the price band. Shaded rows are open for subscription today.

About Aryaman Financial Services Limited

Aryaman Financial Services Limited is a SEBI-registered Category I Merchant Banker specializing in lead management and syndication for small and medium-sized IPOs, FPOs, rights issues, composite issues, QIPs, PIPE deals, VC funding, and other forms of capital raising. The company has also served as a lead manager for M&A transactions, open offers, delisting offers, and buybacks. Additionally, Aryaman provides valuation and advisory services for foreign investments, ESOP certifications, fairness opinions for amalgamations, mergers, and spin-off transactions. Listed on the Bombay Stock Exchange, the company’s key strengths include offering stock and commodity broking services through its subsidiaries and group companies, as members of BSE, NSE, MCX, and NCDEX.

Frequently asked questions

How many IPOs has Aryaman Financial Services Limited managed?
Aryaman Financial Services Limited has managed 11 IPOs tracked on IPO Master: 4 mainboard and 7 SME. The most recent is M.K.Sons Fine Jewels IPO, which opened on 28 Oct 2026.
What is the average listing gain of IPOs managed by Aryaman Financial Services Limited?
Across 10 listed IPOs, the average listing gain is +8.40%. 9 of them (90.00%) listed above the issue price. Listing gain is (listing price − issue price) ÷ issue price × 100, using the upper end of the price band.
What is the SEBI registration number of Aryaman Financial Services Limited?
Aryaman Financial Services Limited is registered with SEBI as a merchant banker under registration number INM000011344.
How do I raise an IPO complaint with Aryaman Financial Services Limited?
Write to the lead manager's investor grievance contact, feedback@afsl.co.in. For allotment and refund issues, contact the IPO's registrar first. Complaints that remain unresolved can be filed with SEBI on the SCORES portal.

Data is compiled from offer documents and exchange filings and may contain errors. Past listing performance of IPOs handled by Aryaman Financial Services Limited does not indicate future results. This page is for information only and is not investment advice.