Nirmal Bang
🏅 Ranked #1 on IPO GuruNirmal Bang is a Mumbai-headquartered, family-run financial services group offering equity and derivatives trading, commodities, currency, institutional broking, depository services and portfolio management across the NSE, BSE, MCX and NCDEX. Its research arm, Nirmal Bang Equities, publishes fundamental and technical coverage along with IPO notes for retail and institutional clients.
Total Reviews
27
All time
Apply Rate
100%
of all calls
Win Rate
74%
Apply calls with +ve listing
Avg Listing Gain
+22.4%
on apply/may apply calls
Avg Total Gain
+48.8%
on apply/may apply calls
Performance Dashboard
Very accurate recommendations with good profit history.
Based on 27 reviews in the last 12 months.
How is this calculated?Accuracy
93%
Return Quality
100%
Consistency
67%
Horizon
58%
⚠️ 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)
Review History
Track record of Nirmal Bang
| IPO Name | Verdict | Total Gain | Report |
|---|---|---|---|
|
Apply | +51.4% | |
|
Apply | -3.0% | |
|
Apply | +46.1% | |
|
Apply | +47.0% | |
|
Apply | +249.2% | |
|
Apply | +10.1% | |
|
Apply | +69.8% | |
|
Apply | -8.1% | |
|
Apply | +90.3% | |
|
Apply | +34.2% | |
|
Apply | +66.2% | |
|
Apply | +162.4% | |
|
Apply | +24.8% | |
|
Apply | -12.9% | |
|
Apply | +42.3% | |
|
Apply | +21.8% | |
|
Apply | -87.5% | |
|
Apply | +19.9% | |
|
Apply | +55.0% | |
|
Apply | +35.3% |
Frequently Asked Questions
Is Nirmal Bang SEBI registered?
Yes, Nirmal Bang is a SEBI registered Research Analyst (Registration No. INH000001436). 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 Nirmal Bang given?
Nirmal Bang has reviewed 27 IPOs in total. The apply rate across all calls is 100%.
What is Nirmal Bang's IPO recommendation win rate?
Nirmal Bang has a 74% win rate — 74% of their Apply calls resulted in a positive listing gain on the NSE/BSE. The average listing gain on Apply calls is +22.4%.
What is Nirmal Bang's performance score on IPO Guru?
Nirmal Bang holds a performance score of 75/100 (✅ Reliable Analyst), ranking #1 among all analysts tracked on IPO Guru. The score is based on accuracy, return quality, consistency, and horizon over the last 12 months.
Where can I read Nirmal Bang's IPO recommendations?
All IPO reviews by Nirmal Bang 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.
