| Kanohar Electricals Limited | ₹205 | → Flat | – | Entire offer for sale is by the promoter (K Sons Family Trust), raising concentration/promoter dilution concerns, Company's shares were previously listed and then voluntarily delisted from BSE, DSE and UP Stock Exchange due to low liquidity, Selling shareholder's weighted average cost of acquisition per share is Nil, indicating shares acquired at negligible cost, Business operates in a single reportable segment (power systems), indicating sector concentration, No prior trading history assurance - price discovery via book building may not reflect post-listing market price |
| Prasol Chemicals Limited | ₹170 | → Flat | – | – |
| Glass Wall Systems (India) Limited | ₹65 | → Flat | – | – |
| Pranav Constructions Limited | ₹37 | → Flat | – | Offer includes an Offer for Sale by an investor selling shareholder, so a portion of proceeds won't go to the company, Business concentrated in a single geography (Western Suburbs, Mumbai) and single real estate segment, Negative cash flow from operating activities in FY2025 and FY2026, Rising total borrowings (from ₹993 million in FY24 to ₹2,584 million in FY26), indicating increasing leverage, No prior public market for shares; first-time issuer with no listing history, Business depends on redevelopment agreements with cooperative housing societies and regulatory/government approvals |
| Rays of Belief Limited- For Profit Social Enterprise (FPSE) | ₹12 | → Flat | – | First public issue; no prior trading history or formal market for the shares, Issue price and fresh issue amount not yet disclosed (marked as [●]), Negative net cash flow from operating activities in Fiscal 2026 and Fiscal 2025, No Indian listed peers in the NDD care sector, limiting valuation/benchmarking comparability, Business model relies entirely on leased centres, exposing it to lease-renewal and location risks, Profit for the year declined from ₹58.81 crore (FY25) to ₹49.59 crore (FY26) despite revenue growth |
| VEEGALAND DEVELOPERS LIMITED | ₹– | → Flat | – | No profitability, cash flow, ROE/ROCE or debt data disclosed in extract, 100% revenue concentration in Kerala real estate market, No customer concentration disclosure, but also no segment-level margin visibility, Related-party transaction risk flagged generically without details, Real estate is cyclical, RERA-regulated and capital-intensive, No valuation, EPS or pre-IPO investor pricing disclosed |
| OM GALAXY LIMITED | ₹– | → Flat | – | – |
| Maharaja & Speedex India Limited | ₹– | → Flat | – | – |
| RAKSAN TRANSFORMERS LIMITED | ₹– | → Flat | – | – |
| Vama Wovenfab Limited | ₹– | → Flat | – | – |
| Shakti Polytarp Limited | ₹– | → Flat | – | – |
| Manika Plastech Limited | ₹– | → Flat | – | – |
| CENTURY BUSINESS MEDIA LIMITED | ₹– | → Flat | – | – |
| INJECTO POLYMERS LIMITED | ₹– | → Flat | – | – |
| Hero Motors Limited | ₹– | → Flat | – | Top 5 customers contribute 61-65% of revenue, high client concentration [PAGE 5], No profit, margin, cash flow or ROE/ROCE data disclosed in extract, Up to 35% of fresh issue earmarked for unidentified acquisitions/GCP [PAGE 8], OFS of ₹4,000 million is 40% of total issue size, partial shareholder exit [PAGE 8], Promoters hold overlapping directorships across multiple group entities [PAGE 7], A&M segment revenue stagnant/declining in FY2026 despite topline growth [PAGE 4] |
| SONASELECTION INDIA LIMITED | ₹– | → Flat | – | – |
| AMTECH ESTERS LIMITED | ₹– | → Flat | – | – |
| ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED | ₹– | → Flat | – | – |
| Karamtara Engineering Limited | ₹– | → Flat | – | – |
| LCC Projects Limited | ₹– | → Flat | – | – |
| Manipal Payment and Identity Solutions Limited | ₹– | → Flat | – | – |
| Rentomojo Limited | ₹– | → Flat | – | – |
| Steamhouse India Limited | ₹– | → Flat | – | – |
| PHYCHEM TECHNOLOGIES LIMITED | ₹– | → Flat | – | – |
| COMPLETE SPORTS AND MANAGEMENT INDIA LIMITED | ₹– | → Flat | – | – |
| Paluck Technologies Limited | ₹– | → Flat | – | – |
| Kwick Forensic Solutions Limited | ₹– | → Flat | – | – |
| Jindal Supreme (India) Limited | ₹– | → Flat | – | – |
| SS Retail Limited | ₹– | → Flat | – | – |
| Dhanwel Hybrid Seeds Limited | ₹– | → Flat | – | – |
| ENS ENTERPRISES LIMITED | ₹– | → Flat | – | – |
| TECHNOCRATS PLASMA SYSTEMS LIMITED | ₹– | → Flat | – | – |