Corporate Makers Capital Limited’s past IPOs had steep declines

Corporate Makers Capital Limited’s disclosed past initial public offerings, or IPOs, include steep post-listing declines. Vegorama Punjabi Angithi Limited was down 79.47% at 180 calendar days from listing and Solvex Edibles Limited was down 72.32%, while the prospectus lists 15 IPOs handled between February 12, 2025 and September 15, 2026.

What do Corporate Makers Capital Limited’s past IPOs show?

Corporate Makers Capital Limited disclosed price information for 15 past IPOs in its role as book running lead manager, or BRLM. A BRLM manages the public-issue process, whereas the disclosure records later market-price changes for the listed issuers. The 15 named IPOs span listings from Ken Enterprises Limited on February 12, 2025 to Apana Logistics Limited on September 15, 2026.

The price table measures the percentage change in closing price at 30, 90 and 180 calendar days from listing. It also gives each IPO’s issue size, issue price and listing-date information, although some later measurement periods had not elapsed when the prospectus was prepared. This makes the table a record of defined post-listing observations, not a finding that Corporate Makers Capital Limited caused any share-price movement.

Which Corporate Makers Capital Limited IPOs had the largest 180-day changes?

Vegorama Punjabi Angithi Limited recorded the largest disclosed 180-day decline, at 79.47% after its May 27, 2026 listing. Solvex Edibles Limited followed with a 72.32% decline at 180 calendar days after listing on October 1, 2025. Vegorama raised Rs 38.38 crore and Solvex Edibles raised Rs 18.87 crore, based on the issue-size figures in the prospectus.

The seven IPOs with a stated 180-day percentage change produced five declines and two gains. Renol Polychem Limited had the largest reported increase, at 48.97%, while Supertech EV Limited was up 9.58%. The comparison shows substantial variation among the issues for which Corporate Makers Capital Limited disclosed a completed 180-day figure.

How did prices change from 30 to 180 calendar days?

The disclosed figures show that a 30-day result did not consistently match the 180-day outcome. Supertech EV Limited was down 25.61% at 30 calendar days and 35.48% at 90 calendar days, but its reported 180-day change was a 9.58% gain. Renol Polychem Limited moved from a 25.86% decline at 30 days to gains of 30.98% at 90 days and 48.97% at 180 days.

Several declines widened over the same measurement intervals. Vegorama Punjabi Angithi Limited moved from a 65.47% decline at 30 days to declines of 69.87% at 90 days and 79.47% at 180 days. Solvex Edibles Limited moved from declines of 41.16% and 53.41% at 30 and 90 days, respectively, to 72.32% at 180 days; such results persist only if closing prices remain at levels that produce those comparisons on the stated dates.

Of the 11 IPOs with a disclosed 30-day observation, eight showed declines and three showed gains. The eight declines included Ken Enterprises Limited at 55.85%, Jivial Industries Limited at 53.62% and Renol Polychem Limited at 25.86%, while Om Metalogic Limited, Aureate Trade Limited and Sham Foam Limited had reported gains of 4.22%, 5.62% and 4.74%, respectively. This 30-day split differs from the seven completed 180-day observations because later data were unavailable for several 2026 listings.

How did Corporate Makers Capital Limited’s IPO activity change by year?

Corporate Makers Capital Limited’s summary lists one IPO raising Rs 83.65 crore in financial year 2024-25, six IPOs raising Rs 134.37 crore in 2025-26 and eight IPOs raising Rs 284.28 crore in 2026-27. The 2026-27 line is marked as partial, but the number of listed transactions rose from one in 2024-25 to eight in that partial period, while aggregate funds raised increased by Rs 200.63 crore.

The individual issue list explains the higher 2026-27 activity total. Eight IPOs listed between May 27, 2026 and September 15, 2026: Vegorama Punjabi Angithi Limited, Aureate Trade Limited, Jivial Industries Limited, Sham Foam Limited, Q&T Foods Limited, ENS Enterprises Limited, Fly-Hi Maritime Travels Limited and Apana Logistics Limited. Their reported issue sizes range from Rs 26.23 crore for Q&T Foods Limited to Rs 52.63 crore for Fly-Hi Maritime Travels Limited.

What limits the interpretation of the disclosed record?

The prospectus states that Vegorama Punjabi Angithi Limited, Aureate Trade Limited and Jivial Industries Limited had not completed 180 calendar days from listing. It separately states that Sham Foam Limited, Q&T Foods Limited, ENS Enterprises Limited, Fly-Hi Maritime Travels Limited and Apana Logistics Limited had not completed the 30-day, 90-day or 180-day periods. A dash in the table therefore denotes an unavailable measurement, rather than a price gain, loss or zero return.

The disclosure identifies NSE India and BSE India as the sources of price information and the respective prospectuses as the source of issue information. It does not disclose the reasons for a particular issuer’s price movement, a benchmark-adjusted return calculation or a forecast for later performance. The figures can therefore compare historical closing-price changes at fixed intervals, but cannot establish how any future IPO handled by Corporate Makers Capital Limited will trade.

Conclusion

Corporate Makers Capital Limited’s disclosed deal history contains sharp negative outcomes as well as positive 180-day outcomes. Vegorama Punjabi Angithi Limited’s 79.47% decline and Solvex Edibles Limited’s 72.32% decline are the largest reported falls, while Renol Polychem Limited’s 48.97% gain and Supertech EV Limited’s 9.58% gain demonstrate that the completed observations were not uniform.

The next updates will be the scheduled calendar-day observations for the 2026 listings that lacked data in the prospectus. Corporate Makers Capital Limited disclosed that five issues had not completed 30 days and that three named issues had not completed 180 days, so later closing-price figures will broaden the available record for financial year 2026-27.