Mainline IPO Reviews 2025 and Capital Market IPO Rating

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Get IPO recommendations from leading experts and brokerage houses. IPO reviews are among the most popular inputs that investor uses to apply for an IPO. Below IPO ratings are provided by various Financial Enstitutions, Independent Brokers and SEBI Registered Analysts.

Mainline IPO Reviews and Rating 2025 India

Company	Reviews	CM Rating	Chittorgarh Users Rating
Quality Power Electrical Equipments Limited	Asit C. Mehta Investment Intermediates Ltd – Not Rated Axis Capital – Not Rated Canara Bank Securities Ltd – Apply Capital Market – May apply Dilip Davda – Apply JM Financial Services Limited (JMFS) – Not Rated Mehta Equities – May apply Reliance Securities – Apply SBICAP Securities Limited – May apply	48	0
Hexaware Technologies Limited	Anand Rathi – Apply Ashika Research – Neutral Canara Bank Securities Ltd – Apply Capital Market – May apply Dilip Davda – Apply Indsec Securities – Apply Marwadi Shares and Finance Ltd – Apply SBICAP Securities Limited – Apply SMC Global – Neutral	46	0
Ajax Engineering Limited	Anand Rathi – May apply Arihant Capital Markets Ltd – Neutral BP Equities (BP Wealth) – Apply Canara Bank Securities Ltd – Apply Canara Bank Securities Ltd – Apply Capital Market – May apply Dilip Davda – Apply Geojit Securities Ltd – Apply GEPL Capital Ltd – Not Rated KR Choksey Securities Ltd – Not Rated SMC Global – Neutral Stoxbox by BP Equities Pvt Ltd – Apply Systematix Shares and Stocks (India) Limited – Not Rated Ventura Securities Limited – Apply	47	0
Dr. Agarwal’s Health Care Limited	Adroit Financial Services Private Limited – Apply Anand Rathi – May apply Ashika Research – Not Rated Axis Capital – Not Rated Canara Bank Securities Ltd – Neutral Capital Market – Avoid Dilip Davda – May apply Eureka Stock & Share Broking Services Limited – Neutral Geojit Securities Ltd – May apply Mehta Equities – May apply SBICAP Securities Limited – May apply	38	0
Denta Water and Infra Solutions Limited	Adroit Financial Services Private Limited – Apply Anand Rathi – May apply Arihant Capital Markets Ltd – May apply Axis Capital – Not Rated BP Equities (BP Wealth) – Apply Canara Bank Securities Ltd – Neutral Capital Market – May apply Dilip Davda – May apply Geojit Securities Ltd – Apply GEPL Capital Ltd – Apply Indsec Securities – Apply Marwadi Shares and Finance Ltd – Apply SBICAP Securities Limited – Apply SMIFS Limited – Apply Ventura Securities Limited – Apply	45	0
Stallion India Fluorochemicals Limited	Canara Bank Securities Ltd – Not Rated Capital Market – Neutral Dilip Davda – Apply	40	0
Laxmi Dental Limited	Axis Capital – Not Rated Canara Bank Securities Ltd – Apply Capital Market – May apply Dilip Davda – Apply	45	0
Quadrant Future Tek Limited	Arete Securities Limited – Not Rated Axis Capital – Not Rated BP Equities (BP Wealth) – Apply Canara Bank Securities Ltd – Apply Capital Market – May apply Dilip Davda – Avoid Indsec Securities – Apply KR Choksey Securities Ltd – Apply Marwadi Shares and Finance Ltd – Apply Master Capital Services Limited – Apply Nirmal Bang – Apply SBICAP Securities Limited – Apply SMIFS Limited – Apply Ventura Securities Limited – Apply	45	0
Capital Infra Trust	Adroit Financial Services Private Limited – Apply Canara Bank Securities Ltd – May apply Dilip Davda – May apply SBICAP Securities Limited – Not Rated		0
Standard Glass Lining Technology Limited	Adroit Financial Services Private Limited – Apply Arihant Capital Markets Ltd – Apply Asit C. Mehta Investment Intermediates Ltd – Not Rated Axis Capital – Not Rated BP Equities (BP Wealth) – Apply Canara Bank Securities Ltd – Apply Capital Market – May apply Dilip Davda – Apply Eureka Stock & Share Broking Services Limited – Apply Geojit Securities Ltd – Apply GEPL Capital Ltd – Apply Hem Securities – Apply Indsec Securities – Apply KR Choksey Securities Ltd – Apply Marwadi Shares and Finance Ltd – Apply Master Capital Services Limited – May apply Nirmal Bang – Apply Reliance Securities – Apply SBICAP Securities Limited – May apply SMIFS Limited – Apply Ventura Securities Limited – Apply	45

CM Rating

Capital Market (CapitalMarket.com) IPO research team provides IPO ratings (CM Rating) for most of the IPO. They also publish the New Issue Monitor (NIM) document which provides investors with an in-depth analysis of the IPO including company background, strengths, weaknesses, valuation, financials, and ratings.

Rating Scale: Low1 – 100 High

CM Rating Detail

Rating range	Risk-return profile	Recommendation
51 or above	Low risk, moderate to High return	Must subscribe
45-50	Low risk low return or Moderate risk, moderate/high return	May subscribe
40-44	High-risk high return	Avoid, however active risk seekers can try
Below 40	High risk, low/moderate return, Moderate risk low return	Do not subscribe