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156

IPOs Tracked (2026)

68%

Gave Positive Returns

25+

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SME

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IPO Market Outlook

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The current IPO market shows strong momentum with 8 out of 10 recent listings giving positive returns. Green energy and healthcare sectors are seeing particularly high demand. Subscription trends suggest retail enthusiasm remains elevated.

  • Green Energy IPOs oversubscribed by avg 12x
  • SME segment showing mixed signals - be selective
  • Mainboard quality has improved vs last quarter
Risk: 4/10
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Top Pick: CMR Green Technologies

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Strong order book of ₹2,400 Cr provides 2-year revenue visibility. Government push for green energy creates favorable policy environment. Subscription at 8.5x confirms institutional interest.

  • Peer group trades at 25x PE vs CMR at 18x
  • Institutional investors heavily subscribed
  • Clear growth runway with government contracts
Risk: 3/10
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