Hem Securities Ltd.
IPOs where Hem Securities Ltd. acted as a book-running lead manager, with each issue’s size and listing outcome.
Track record on ipostation
ipostation's database lists Hem Securities Ltd. as a book-running lead manager on 10 IPOs: all of them SME issues. Bidding dates recorded here run from Jun 2026 to Sept 2026. Of these, 10 have listed. Hem Securities Ltd. was the only lead manager named on every one of them.
Issue size is recorded for all 10 IPOs. They range from ₹14.58 Cr (Phychem Technologies) to ₹177.81 Cr (Anawil Wire & Engineering), with a median of ₹99.24 Cr. The 10 listed issues with a recorded size total ₹919.09 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 10 listed issues: 8 above and 2 level with the issue price. The median change was +17.4%, from +0.0% (Century Business Media) to +90.0% (Credent Connect). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for all 10 issues whose bidding has closed. The median was 136.68x, ranging from 20.79x (Phychem Technologies) to 628.73x (Vans Electroengineerings).
IPOs with Hem Securities Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Acme India Industries | SME | Listed | 30 Sept 2026 | ₹121.69 Cr | ₹196 | 124.23x | +12.8% |
| Vans Electroengineerings | SME | Listed | 29 Sept 2026 | ₹33.98 Cr | ₹118 | 628.73x | +90.0% |
| Century Business Media | SME | Listed | 11 Sept 2026 | ₹17.11 Cr | ₹74 | 57.93x | +0.0% |
| Raksan Transformers | SME | Listed | 10 Sept 2026 | ₹150.5 Cr | ₹273 | 47.43x | +0.0% |
| Qualiance International | SME | Listed | 4 Sept 2026 | ₹45.11 Cr | ₹127 | 459.22x | +77.1% |
| Phychem Technologies | SME | Listed | 31 Aug 2026 | ₹14.58 Cr | ₹54 | 20.79x | +3.7% |
| Credent Connect | SME | Listed | 13 Aug 2026 | ₹93.9 Cr | ₹189 | 153.13x | +90.0% |
| Anawil Wire & Engineering | SME | Listed | 3 Aug 2026 | ₹177.81 Cr | ₹270 | 149.13x | +22.1% |
| Poojaa Precision Engg. | SME | Listed | 28 Jul 2026 | ₹159.83 Cr | ₹301 | 278.83x | +56.1% |
| Clay Craft | SME | Listed | 17 Jun 2026 | ₹104.58 Cr | ₹203 | 103.06x | +3.9% |
Subscription is the final overall figure once bidding has closed; listing gain is the listing-day change against the issue price. “—” means not available.
What a book-running lead manager does
Under Regulation 23 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, an issuer must appoint one or more SEBI-registered merchant bankers, at least one of whom is a lead manager to the issue. When more than one merchant banker manages an issue, each one’s responsibilities for disclosures, allotment, refunds and underwriting are fixed in advance and set out in the draft offer document and the offer document. For SME issues, Chapter IX of the same regulations adds underwriting (Regulation 260) and post-listing market-making (Regulation 261) obligations that the lead manager must arrange.