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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
BLS Polymers Lists 3 Nov 2026
Neutral – – PDF
EAAA India Alternatives Lists 2 Nov 2026
Neutral – – PDF
Paras Healthcare Listed 28 Oct 2026
Neutral +3.9% +12.6% PDF
Jio Platforms Listed 28 Oct 2026
Apply +21.4% +27.4% PDF
Tonbo Imaging India Listed 23 Oct 2026
Apply +65.7% +72.6% PDF
Bonfiglioli Transmissions Listed 23 Oct 2026
Apply 0.0% +9.4% PDF
Zetwerk Manufacturing Business Listed 23 Oct 2026
Avoid +5.5% +8.4% PDF
Fusion CX Listed 22 Oct 2026
Apply +5.5% -3.0% PDF
HD Fire Protect Listed 21 Oct 2026
Apply +23.6% +1.8% PDF
Moneyview Listed 1 Oct 2026
Neutral +61.8% +52.4% PDF
ArMee Infotech Listed 30 Sep 2026
Neutral 0.0% -27.2% PDF
Elevate Campuses Listed 30 Sep 2026
Neutral -1.9% -19.0% PDF
Varmora Granito Listed 29 Sep 2026
Neutral +4.7% -17.6% PDF
Apply +0.8% +0.1% PDF
SS Retail Listed 23 Sep 2026
Apply +47.2% +51.8% PDF
Veegaland Developers Listed 18 Sep 2026
Apply +10.0% -3.5% PDF
Rentomojo Listed 17 Sep 2026
Apply +19.4% +39.6% PDF
Asset Reconstruction Co.(India) Listed 17 Sep 2026
Neutral 0.0% -9.7% PDF
Neutral -2.7% -7.9% PDF
Steamhouse India Listed 17 Sep 2026
Apply +16.7% +80.3% 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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