“IPO Service From Education To Execution”
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Narnolia Financial Services Limited

Narnolia Financial Services Limited is a SEBI-registered Category I Merchant Banker specializing in SME IPO management. They offer comprehensive investment banking services, including M&A advisory, private equity placement and debt syndication, driven by a research-focused "Growth-in-Value" philosophy.

SME IPOs

Total listings managed

24

Year-wise SME IPO Listing

Year No. of IPOs
FY26 8
FY25 8
FY24 8
FY23 0
FY22 0
FY21 0

SME IPOs listing on Exchange

NSE Emerge
19 (79%)
BSE SME
5 (21%)

SME IPOs by Subscription

1 (4%)
Subscribed upto 5 times
4 (17%)
Subscribed 5 to 25 times
1 (4%)
Subscribed 25 to 50 times
2 (8%)
Subscribed 50 to 100 times
16 (67%)
Subscribed more than 100 times

SME IPOs by IPO Size

Very Small (< 5 Cr) 0 (0%)
Small (5-10 Cr) 1 (4%)
Medium (10-25 Cr) 5 (21%)
Large (25-50 Cr) 11 (46%)
Very Large (>50 Cr) 7 (29%)

Upcoming SME IPOs

Frequently Asked Questions

Narnolia Financial is a SEBI-registered Category I Merchant Banker offering IPOs, SME listings, mergers, valuations and debt syndication services.
Since 1995, with over 25 years of capital market experience.
Both SME IPOs and mainboard public offerings.
Research-driven approach, deep market insights and strong investor relationships.
Yes, it provides portfolio management and investment advisory services.
Through a rigorous, process-driven, research-backed approach and ethical business practices.