Praman Ank

IPO Evaluation

IPO Evaluation is the foundational capability of PramanAnk — delivering structured, data-driven assessment of companies listing on Indian exchanges.

Each evaluation integrates multiple analytical dimensions, including business fundamentals, financial resilience, valuation context, balance sheet quality, governance indicators, competitive positioning, and identifiable risk factors. These inputs are synthesised through PramanAnk's proprietary multi-factor scoring framework to provide a disciplined and comparable view across offerings.

At present, PramanAnk focuses exclusively on domestic IPOs across sectors and listing segments, applying the same consistent methodology to both mainboard and SME issuances.

As the platform evolves, this evaluation architecture will extend to additional financial product categories. Our immediate priority, however, remains singular: to establish a rigorous, reliable standard for IPO assessment in India.

Mainboard IPO Tracker

Source: SEBI filings, BSE/NSE, RHPs | February to April 2026

For informational purposes only — not an investment recommendation

February 2026

#CompanySectorTypeOpenCloseListingPrice BandIssue SizeIssue StructureLot SizeStatus
1Gaudium IVF & Women HealthHealthcare / IVF ServicesMainboard20 Feb 202624 Feb 202627 Feb 2026₹75 – ₹79₹165 CrFresh ₹90 Cr + OFS ₹75 Cr189Listed
2PNGS Reva Diamond JewelleryRetail / Diamond JewelleryMainboard24 Feb 202626 Feb 202604 Mar 2026₹367 – ₹386₹380 CrFresh Issue Only (100%)32Listed
3Shree Ram TwistexTextiles / Cotton YarnMainboard23 Feb 202625 Feb 202602 Mar 2026₹95 – ₹104₹110 CrFresh Issue Only (100%)144Listed
4Clean Max Enviro Energy SolutionsRenewable Energy / C&I PowerMainboard23 Feb 202625 Feb 202602 Mar 2026₹1,000 – ₹1,053₹3,100 CrFresh ₹1,200 Cr + OFS ₹1,900 Cr14Listed
5Omnitech EngineeringPrecision Engineering / ExportsMainboard25 Feb 202627 Feb 202605 Mar 2026₹216 – ₹227₹583 CrFresh ₹418 Cr + OFS ₹165 Cr66Listed

March 2026

#CompanySectorTypeOpenCloseListingPrice BandIssue SizeIssue StructureLot SizeStatus
6Rajputana StainlessSteel / Stainless ManufacturingMainboard09 Mar 202611 Mar 202619 Mar 2026₹116 – ₹122₹255 CrFresh ₹179 Cr + OFS ₹76 Cr122Listed
7SEDEMAC MechatronicsAuto Components / Engine SystemsMainboard04 Mar 202606 Mar 202611 Mar 2026₹1,287 – ₹1,352₹1,087 CrOFS Only (100%)11Listed
8Raajmarg Infra InvITInfrastructure / InvIT / Toll RoadsMainboard (InvIT)11 Mar 202613 Mar 202624 Mar 2026₹99 – ₹100₹6,000 CrFresh Issue (100%)1,500 unitsListed
9InnovisionDefence / Surveillance TechnologyMainboard10 Mar 202617 Mar 202623 Mar 2026₹494 – ₹519₹323 CrFresh ₹255 Cr + OFS ₹68 CrTBAListed
10GSP Crop ScienceAgrochemicalsMainboard16 Mar 202618 Mar 202624 Mar 2026₹304 – ₹320₹400 CrFresh ₹240 Cr + OFS ₹160 Cr46Listed
11CMPDI (Central Mine Planning & Design Institute)Mining Consultancy / PSU DivestmentMainboard20 Mar 202624 Mar 202630 Mar 2026₹163 – ₹172₹1,842 CrOFS Only (Coal India divestment)80Open
12PowericaPower Solutions / DG Sets / Wind EnergyMainboard24 Mar 202627 Mar 202602 Apr 2026₹375 – ₹395₹1,100 CrFresh ₹700 Cr + OFS ₹400 Cr37Upcoming
13Sai Parenteral'sPharmaceuticals / CDMOMainboard24 Mar 202627 Mar 202602 Apr 2026₹372 – ₹392₹409 CrFresh ₹285 Cr + OFS ₹124 Cr38Upcoming
14Amir Chand Jagdish Kumar Exports (Aeroplane Basmati)Food Processing / Basmati / Agri-ExportsMainboard24 Mar 202627 Mar 202602 Apr 2026₹201 – ₹212₹440 CrFresh Issue Only (100%)70Upcoming

April 2026 (Upcoming Listings)

#CompanySectorTypeOpenCloseListingPrice BandIssue SizeIssue StructureLot SizeStatus
12PowericaPower Solutions / DG Sets / Wind EnergyMainboard24 Mar 202627 Mar 202602 Apr 2026₹375 – ₹395₹1,100 CrFresh ₹700 Cr + OFS ₹400 Cr37Upcoming
13Sai Parenteral'sPharmaceuticals / CDMOMainboard24 Mar 202627 Mar 202602 Apr 2026₹372 – ₹392₹409 CrFresh ₹285 Cr + OFS ₹124 Cr38Upcoming
14Amir Chand Jagdish Kumar Exports (Aeroplane Basmati)Food Processing / Basmati / Agri-ExportsMainboard24 Mar 202627 Mar 202602 Apr 2026₹201 – ₹212₹440 CrFresh Issue Only (100%)70Upcoming

Summary Statistics

Total Mainboard IPOs

14

Total Capital Raised

~₹15,059 Cr

Largest Issue

Raajmarg Infra InvIT — ₹6,000 Cr

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