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Mangal Keshav
SEBI Registered RA · INH000018319 #4 of 31 · Mainboard

Mangal Keshav

Mangal Keshav is one of Mumbai's oldest broking houses, founded in 1939 as Mangaldas Keshavlal and a BSE member since that year, adding NSE membership in 1995. Mangal Keshav Financial Services LLP, headquartered in Andheri West, is a SEBI-registered stock broker (INZ000166334) on the NSE, BSE and MCX, a CDSL and NSDL depository participant, and a Research Analyst (INH000018319) since August 2024. It offers equity, derivatives, commodity and currency broking, portfolio management, AIFs, mutual funds and IPO services, and its Institutional Desk publishes IPO investment notes.

Visit website 93 Mainboard reviews
Reviews tracked
93
all time
Hit %
67%
average marks per call
Coverage %
62%
of IPOs given a call
Avg listing gain
+20.6%
on Apply calls

Calls at a glance

Every review on IPO Guru, all time.

Verdict mix

53 Apply · 57%
0 May Apply · 0%
34 Neutral · 37%
6 Avoid · 6%

Best and worst call

Best call Bharat Coking Coal Apply
+95.7%listing gain
Worst call Waterways Leisure Tourism Avoid
-14.6%listing gain

Call history

Each verdict next to the gain on listing day and the total gain till today, both from the issue price.

93 reviews
Mangal Keshav IPO calls and outcomes
IPO Verdict Listing Total gain Note
Emmvee Photovoltaic Power Listed 18 Nov 2025
Apply 0.0% +12.9% PDF
PhysicsWallah Listed 18 Nov 2025
Neutral +33.0% +21.3% PDF
Pine Labs Listed 14 Nov 2025
Neutral +9.5% -25.2% PDF
Groww Listed 12 Nov 2025
Neutral +31.0% +91.1% PDF
Studds Accessories Listed 7 Nov 2025
Neutral -3.4% -32.0% PDF
Orkla India Listed 6 Nov 2025
Neutral – -27.7% PDF
Apply +5.4% -21.8% PDF
LG Electronics India Listed 14 Oct 2025
Apply +50.0% +47.6% PDF
Tata Capital Listed 13 Oct 2025
Apply +1.2% -0.2% PDF
WeWork India Management Listed 10 Oct 2025
Neutral +0.3% -1.2% PDF
Pace Digitek Listed 6 Oct 2025
Apply +2.7% -34.7% PDF
Trualt Bioenergy Listed 3 Oct 2025
Apply +10.0% -24.6% PDF
Jinkushal Industries Listed 3 Oct 2025
Neutral +3.3% -14.3% PDF
Past results do not guarantee future calls; for research only.

Frequently asked questions

Is Mangal Keshav SEBI registered?
Yes, Mangal Keshav is a SEBI registered Research Analyst (Registration No. INH000018319). 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 Mangal Keshav given?
Mangal Keshav has reviewed 93 IPOs in total. The apply rate across all calls is 57%.

What is Mangal Keshav's IPO recommendation win rate?
Mangal Keshav has a 79% win rate: 79% of their Apply calls listed above the issue price on the NSE/BSE. The average listing gain on Apply calls is +20.6%.

What is Mangal Keshav's performance score on IPO Guru?
Mangal Keshav holds a Mainboard score of 80/100 (Top Performer), ranked #4 among mainboard IPO analysts on IPO Guru. The score is 80% hit (each call graded on its listing-day gain and its gain 180 days after listing), 10% selectivity (whether Apply picks beat Avoid picks) and 10% coverage (how many IPOs it took a stand on).

Where can I read Mangal Keshav's IPO recommendations?
All IPO reviews by Mangal Keshav are listed on this page. You can filter by the last 12 months or all time, and see each verdict (Apply / May Apply / Neutral / Avoid) next to the listing gain and total gain for that IPO.

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