Narnolia Financial Services Ltd.
IPOs where Narnolia Financial Services Ltd. acted as a book-running lead manager, with each issue’s size and listing outcome.
Track record on ipostation
ipostation's database lists Narnolia Financial Services Ltd. as a book-running lead manager on 1 IPO: an SME issue. The dated issue opened for bidding in Jul 2026. It has listed. Narnolia Financial Services Ltd. was the only lead manager named on this issue.
Issue size is recorded for the one IPO. Fusion Klassroom Edutech has an issue size of ₹39.04 Cr. The 1 listed issue with a recorded size total ₹39.04 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 1 listed issue: 1 above the issue price. Fusion Klassroom Edutech listed at +6.9% against its issue price. These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for the one issue whose bidding has closed. Fusion Klassroom Edutech was subscribed 1.5x overall.
IPOs with Narnolia Financial Services Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Fusion Klassroom Edutech | SME | Listed | 31 Jul 2026 | ₹39.04 Cr | ₹159 | 1.5x | +6.9% |
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.