IPO Guru
Ashika Research

Ashika Research

🏅 Ranked #36 on IPO Guru
SEBI Registered RA · INH000000206

Founded in 1994 in Kolkata by Pawan and Daulat Jain, the Ashika Group is a diversified financial services provider spanning retail and institutional broking, investment banking, lending, wealth management and alternative investment funds. Serving over 1.25 lakh clients through 350-plus locations, Ashika Research publishes equity, derivatives and IPO coverage for retail and institutional investors.

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Total Reviews

26

All time

Apply Rate

4%

of all calls

Win Rate

100%

Apply calls with +ve listing

Avg Listing Gain

+2%

on apply/may apply calls

Avg Total Gain

+33.4%

on apply/may apply calls

🆕
🆕 Early Track Record

Performance Dashboard

Less than 5 reviews in last 12 months. Not enough data to rank yet.

Based on 1 reviews in the last 12 months.

How is this calculated?

Accuracy

0%

Return Quality

0%

Consistency

0%

Horizon

0%

⚠️ Disclaimer: Past results are not guaranteed for future. This score reflects the last 1 year only. Use for research purposes only.

Verdict Breakdown (All Time)

Apply 1 (100%)
Bharat Coking Coal

🏆 Best Call

Bharat Coking Coal

Verdict: Not rated

+95.7%

Listing gain

Clean Max Enviro Energy Solutions

📉 Worst Call

Clean Max Enviro Energy Solutions

Verdict: Not Rated

-8.8%

Listing gain

Review History

Track record of Ashika Research

IPO Name Verdict Total Gain Report
National Stock Exchange of India
National Stock Exchange of India
Not Rated -2.4% PDF
Karamtara Engineering
Karamtara Engineering
Not Rated +61.2% PDF
Horizon Industrial Parks
Horizon Industrial Parks
Not Rated -19.0% PDF
Milky Mist Dairy Food
Milky Mist Dairy Food
Not Rated +120.7% PDF
Dhoot Transmission
Dhoot Transmission
Not Rated +66.0% PDF
LEAP India
LEAP India
Not Rated -13.8% PDF
Juniper Green Energy
Juniper Green Energy
Not Rated +19.9% PDF
Manipal Health Enterprises
Manipal Health Enterprises
Not Rated +17.3% PDF
Indo-MIM
Indo-MIM
Not Rated +160.2% PDF
SBI Funds Management
SBI Funds Management
Not Rated -12.8% PDF
Sai Parenteral's
Sai Parenteral's
Apply +33.4% PDF
Central Mine Planning & Design Institute
Central Mine Planning & Design Institute
Not Rated +19.3% PDF
Clean Max Enviro Energy Solutions
Clean Max Enviro Energy Solutions
Not Rated +23.4% PDF
Fractal Analytics
Fractal Analytics
Not Rated -19.8% PDF
Bharat Coking Coal
Bharat Coking Coal
Not rated +38.4% PDF
Wakefit Innovations
Wakefit Innovations
Not Rated -28.5% PDF
Meesho
Meesho
Not Rated +97.3% PDF
Tenneco Clean Air India
Tenneco Clean Air India
Not Rated +24.5% PDF
Pine Labs
Pine Labs
Not Rated -24.2% PDF
Groww
Groww
Not Rated +80.3% PDF

Frequently Asked Questions

Is Ashika Research SEBI registered?

Yes, Ashika Research is a SEBI registered Research Analyst (Registration No. INH000000206). SEBI registration means the analyst is regulated by the Securities and Exchange Board of India and authorised to publish investment research.

How many IPO reviews has Ashika Research given?

Ashika Research has reviewed 26 IPOs in total. The apply rate across all calls is 4%.

What is Ashika Research's IPO recommendation win rate?

Ashika Research has a 100% win rate — 100% of their Apply calls resulted in a positive listing gain on the NSE/BSE. The average listing gain on Apply calls is +2%.

Where can I read Ashika Research's IPO recommendations?

All IPO reviews by Ashika Research are listed on this page. You can filter by the last 12 months or all-time, and view the verdict (Apply / May Apply / Neutral / Avoid) alongside the actual listing and current gains for each IPO.