Indcap Advisors Private Limited is a SEBI registered CAT I Merchant Banker located in Kolkata. They provide services in various areas of capital markets like Private Equity, IPO, M&A Advisory, Corporate Advisory etc.
Why Us?
The below mentioned are the forthcoming SME IPOs for which DRHPs have been filed recently and are in process of approval by the BSE SME or NSE Emerge exchange.
*The Revenue and PAT figures mentioned above are on the Annualised basis.
Indcap Advisors provides merchant banking services, including IPO management, advisory, and other capital market services.
Icodex Publishing Solutions Limited is the latest IPO listed by Indcap Advisors on BSE SME. The company is based in Pune and is engaged in Information Technology business.
Upcoming SME IPOs are the IPOs for which DRHP has been filed by Indcap Advisors. Avana Elecrosystems Limited, Injecto Polymers Limited, FCML Distributors Limited, Jayesh Logistics Limited companies have filed DRHPs on NSE Emerge/BSE SME with Indcap Advisors as merchant bankers.
-20.00% was the highest listing gain for Icodex Publishing Solutions Limited listed on BSE SME in the year 19 Aug 2025. View Merchant Banker by Listing Gain
Generally, the merchant banker fee or IPO cost is 8-12% of the issue size, though it may vary according to the IPO.
0 SME IPOs listed on BSE SME or NSE SME have been migrated to the mainboard. For migration, the company listed on SME has to fulfill certain criteria available here. View List of Companies Migrated