Narnolia Financial Services Ltd.

Narnolia Financial Services Ltd. IPO Track Record

Narnolia Financial Services Ltd. has managed 2 IPOs that we track (all SME issues) between May 2026 and August 2026. Across the 2 with a recorded listing price, the average listing gain was -6.54%, against +11.65% for all 184 SME IPOs we track, and 1 of 2 listed at or above the issue price. The strongest debut was Fusion Klassroom (+6.92%); the weakest was Bio Medica Laboratories (-20%).

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.