IPO Reviewer Performance | Page 3

The IPO Reviewer Performance Report shows the number of IPOs that have been reviewed by the respective reviewer.

The report includes information on the reviewers' recommendations for the various IPOs and their listing profit and loss data. The total number of "subscribe", "may apply", "avoid neutral" and "not rated" status given to the different IPOs by the specific reviewer.

IPO Reviewer Performance | Page 3

Reviewer	IPO	Subscribe	May Apply	Neutral	Avoid	Notrated
Multi-Act Equity Consultancy Pvt Ltd	2	1	0	1	0	0
Naman Securities and Finance Pvt. Ltd	1	1	0	0	0	0
Naman Securities and Finance Pvt. Ltd	8	2	0	0	6	0
Narnolia Financial Advisors Ltd (NFAL)	2	2	0	0	0	0
Neeta Khilnani	1	1	0	0	0	0
Networth Stock Broking	2	1	1	0	0	0
Nidhi Broking Services Pvt. Ltd.	1	1	0	0	0	0
Nine Star Broking Private Limited	1	0	0	0	0	1
Nirbhay Capital Services Private Limited	1	0	0	0	0	1
Nirmal Bang	103	85	8	2	3	5
Noble Group	1	0	0	0	1	0
NVS Wealth Ltd	2	2	0	0	0	0
Peerless Securities	1	1	0	0	0	0
Phillip Capital	5	5	0	0	0	0
Pioneer Investcorp Ltd. (PINC)	6	6	0	0	0	0
PN Vijay	2	0	1	0	1	0
Prabhudas Lilladher Pvt Ltd	45	37	4	0	3	1
Pranav Securities Pvt Ltd	2	2	0	0	0	0
Profitmart	1	1	0	0	0	0
Progressive Share Broker	1	0	0	0	0	1
Quant Capital lTd	1	1	0	0	0	0
Quantum Securities Pvt. Ltd	1	0	0	0	0	1
Reliance Securities	89	74	1	4	0	10
Religare Broking Limited	38	5	2	26	0	5
RR Financial	3	1	2	0	0	0
Rudra Shares & Stock Brokers Ltd	34	20	7	1	6	0
S P Tulsian	128	56	3	1	68	0
Sanju Verma	2	0	2	0	0	0
Sarthi capital advisors private limited	2	0	0	0	0	2
SBICAP Securities Limited	41	31	3	0	0	7
Share India	2	0	2	0	0	0
Sharekhan Limited	26	4	2	4	0	16
SKP Securities Ltd	6	5	0	0	1	0
Smart Investments Ltd	40	13	7	6	14	0
SMC Global	50	13	10	18	0	9
SMIFS Limited	17	16	0	0	0	1
SPA Financial Advisor Ltd	59	40	2	6	11	0
Spark Capital	2	1	0	0	0	1
SSJ Finance	3	1	0	0	2	0
Stewart And Mackertich Wealth Management Ltd	1	1	0	0	0	0
StockEdge	8	0	0	2	0	6
Stocks & Biceps	1	1	0	0	0	0
Stoxbox by BP Equities Pvt Ltd	12	12	0	0	0	0
Sushil Finance Ltd	48	22	9	5	1	11
Swastika Investmart Ltd	85	57	15	6	7	0
SYKES & RAY Equities (India) Ltd	1	0	0	0	0	1
Systematix Shares and Stocks (India) Limited	5	1	0	1	0	3
UBS Global	1	0	0	0	0	1
Udayan Mukherjee	4	1	2	0	1	0
Unicon Wealth Research Ltd	3	3	0	0	0	0
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