Finshore Management Services Ltd.

IPOs managed by Finshore Management Services Ltd. — 8 total

Finshore Management Services Ltd. IPO Track Record

Finshore Management Services Ltd. has managed 8 IPOs that we track (all SME issues) between February 2026 and October 2026. Across the 8 with a recorded listing price, the average listing gain was +8.25%, against +11.84% for all 181 SME IPOs we track, and 4 of 8 listed at or above the issue price. The strongest debut was Sollfege Smart Electronics (+89.82%); the weakest was Himalayan Solar (-17.48%).

Listing gain is measured from the issue price to the listing-day opening price. Past listings do not predict how a future IPO will list, and the lead manager does not set the listing price. This is a record of public data, not a recommendation.

Track Record
IPOs Managed
8 total (0 Mainboard, 8 SME)
Average Listing Gain
+8.25%
At or Above Issue Price
4 of 8 listed IPOs
Most Recent IPO
Sollfege Smart Electronics (Oct 2026)
Type Year
Listed
SME
₹55
Open Sept 30
Close Oct 05
Allotment Oct 06
Listing Oct 08
Listed
SME
₹98 – 103
Open Sept 25
Close Sept 29
Allotment Sept 30
Listing Oct 05
Listed
SME
₹29
Open Sept 25
Close Sept 29
Allotment Sept 30
Listing Oct 05
Listed
SME
₹73 – 77
Open Aug 14
Close Aug 18
Allotment Aug 19
Listing Aug 21
Listed
SME
₹80 – 84
Open Jun 30
Close Jul 02
Allotment Jul 03
Listing Jul 07
Listed
SME
₹21 – 23
Open Jun 17
Close Jun 19
Allotment Jun 22
Listing Jun 24
Listed
SME
₹47
Open Mar 05
Close Mar 09
Allotment Mar 10
Listing Mar 12
Listed
SME
Jewellery
₹83 – 88
Open Feb 04
Close Feb 06
Allotment Feb 09
Listing Feb 11
Company Price Band Open Close Allotment Listing Listing Price Current Price

Listed SME
₹55 · Sept 30 – Oct 05
₹55 Sept 30 Oct 05 Oct 06 Oct 08 ₹104.40 (+89.8%) ₹69.29 (+26.0%) BSE as of 19 Oct, 9:16 am IST

Listed SME
₹98–103 · Sept 25 – Sept 29
₹98 – 103 Sept 25 Sept 29 Sept 30 Oct 05 ₹85.00 (-17.5%) ₹82.00 (-20.4%) NSE as of 19 Oct, 9:39 am IST

Listed SME
₹29 · Sept 25 – Sept 29
₹29 Sept 25 Sept 29 Sept 30 Oct 05 ₹25.00 (-13.8%) ₹14.22 (-51.0%) BSE as of 19 Oct, 9:50 am IST

Listed SME
₹73–77 · Aug 14 – Aug 18
₹73 – 77 Aug 14 Aug 18 Aug 19 Aug 21 ₹74.00 (-3.9%) ₹35.00 (-54.6%) NSE as of 19 Oct, 9:52 am IST

Listed SME
₹80–84 · Jun 30 – Jul 02
₹80 – 84 Jun 30 Jul 02 Jul 03 Jul 07 ₹89.00 (+6.0%) ₹135.00 (+60.7%) BSE at close, 16 Oct

Listed SME
₹21–23 · Jun 17 – Jun 19
₹21 – 23 Jun 17 Jun 19 Jun 22 Jun 24 ₹22.00 (-4.4%) ₹21.50 (-6.5%) BSE at close, 16 Oct

Listed SME
₹47 · Mar 05 – Mar 09
₹47 Mar 05 Mar 09 Mar 10 Mar 12 ₹47.30 (+0.6%) ₹89.00 (+89.4%) BSE at close, 15 Oct

Listed SME
Jewellery
₹83–88 · Feb 04 – Feb 06
₹83 – 88 Feb 04 Feb 06 Feb 09 Feb 11 ₹96.00 (+9.1%) ₹415.55 (+372.2%) NSE as of 14 Oct, 11:50 am IST
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