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Narnolia Financial Services Ltd IPO Lead Manager

Narnolia Financial Services Ltd has managed 20 IPOS tracked on IPO Master: 0 mainboard and 20 SME. Of the 18 that have listed, 13 (72.22%) listed above the issue price, and the average listing gain is +26.78%. The most recent is Fusion Klassroom Edutech IPO, which opened on .

Last updated IST

IPOs managed
20
Mainboard / SME
0 / 20
Listed above issue
72.22% 13/18
Avg listing gain
+26.78%

IPOs managed by Narnolia Financial Services Ltd

IPO Type Status Opened Issue price Listed Listing gain More
Fusion Klassroom Edutech IPO SME Listed ₹159 — +6.92% GMP · Subscription
Bio Medica Laboratories IPO SME Listed ₹139 — -20.00% GMP · Subscription
MARC Technocrats IPO SME Closed ₹93 — — GMP · Subscription
Exim Routes IPO SME Listed ₹88 — +25.00% GMP · Subscription
Sheel Biotech IPO SME Listed ₹63 — +44.44% GMP · Subscription
KVS Castings IPO SME Listed ₹56 — +18.39% GMP · Subscription
DSM Fresh Foods IPO SME Closed ₹101 — — GMP · Subscription
Matrix Geo Solutions IPO SME Listed ₹104 — -0.10% GMP · Subscription
Anondita Medicare IPO SME Listed ₹145 — +90.00% GMP · Subscription
Cash Ur Drive Marketing IPO SME Listed ₹130 — +19.23% GMP · Subscription
Shree Refrigerations IPO SME Listed ₹125 — +35.88% GMP · Subscription
Adcounty Media India IPO SME Listed ₹85 — +52.94% GMP · Subscription
Ace Alpha Tech IPO SME Listed ₹107 — -24.30% GMP · Subscription
Mayasheel Ventures IPO SME Listed ₹47 — +23.40% GMP · Subscription
Sat Kartar Shopping IPO SME Listed ₹81 — +90.00% GMP · Subscription
Usha Financial Services IPO SME Listed ₹168 — -2.38% GMP · Subscription
Pranik Logistics IPO SME Listed ₹77 — +2.60% GMP · Subscription
Divyadhan Recycling Industries IPO SME Listed ₹64 — +31.25% GMP · Subscription
Share Samadhan IPO SME Listed ₹74 — -1.28% GMP · Subscription
Aesthetik Engineers IPO SME Listed ₹58 — +90.00% 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 Narnolia Financial Services Ltd

Incorporated in 1997, Narnolia Financial Services Ltd (Formerly Narnolia Financial Advisors Ltd) is a Kolkata-based investment management and advisory firm. Narnolia's investment banking services include advisory, debt syndication, equity placement, and merger acquisition & delisting.

Frequently asked questions

How many IPOs has Narnolia Financial Services Ltd managed?
Narnolia Financial Services Ltd has managed 20 IPOs tracked on IPO Master: 0 mainboard and 20 SME. The most recent is Fusion Klassroom Edutech IPO, which opened on 31 Jul 2026.
What is the average listing gain of IPOs managed by Narnolia Financial Services Ltd?
Across 18 listed IPOs, the average listing gain is +26.78%. 13 of them (72.22%) 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 Narnolia Financial Services Ltd?
Narnolia Financial Services Ltd is registered with SEBI as a merchant banker under registration number INM000010791.
How do I raise an IPO complaint with Narnolia Financial Services Ltd?
Write to the lead manager's investor grievance contact, akash.das@narnolia.com. 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 Narnolia Financial Services Ltd does not indicate future results. This page is for information only and is not investment advice.