223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

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List of SME Merchant Bankers in India

This list consists of merchant banker for SME IPO. Role of a merchant banker for SME listing has a broad scope that includes capital restructuring, appointment of market intermediaries, fund raise and promotional activities. The post Issue activities of SME IPO merchant banker in India includes proper basis of allotment, coordinating with intermediaries and compliance with regulatory requirements of the stock exchange. IPO bound companies can search for best Merchant Banker for valuation of shares. One can go through this list of merchant bankers to choose the best IPO lead manager. Through this list, promoters can also find top 10 merchant bankers in India.

Merchant Banker No of IPOs so far Total funds raised (Cr.) Avg IPO size (Cr.) Avg Listing Gain (%) Avg Subscription (X)
Hem Securities Limited 123 2831.62 23.02 33.94 90.15 Connect
Pantomath Capital Advisors Private Limited 103 1678.62 16.30 10.65 8.87 Connect
Aryaman Financial Services Limited 84 1140.70 13.58 4.92 4.88 Connect
Beeline Capital Advisors Private Limited 64 1827.27 28.55 48.68 172.03 Connect
First Overseas Capital Limited 51 864.46 16.95 5.74 7.52 Connect
Sarthi Capital Advisors Private Limited 48 745.76 15.54 17.59 15.23 Connect
Gretex Corporate Services Limited 48 832.40 17.34 18.32 43.65 Connect
Guiness Corporate Advisors Private Limited 47 585.29 12.45 7.28 6.46 Connect
Shreni Shares Limited 44 766.13 17.41 41.80 120.85 Connect
Finshore Management Services Limited 44 540.15 12.28 21.34 57.77 Connect
Fedex Securities Private Limited 43 873.41 20.31 17.83 70.37 Connect
GYR Capital Advisors Private Limited 32 929.30 29.04 91.82 379.42 Connect
Swastika Investmart Limited 32 473.16 14.79 14.06 57.13 Connect
Inventure Merchant Banker Services Private Limited 32 366.57 11.46 22.72 6.53 Connect
Corporate Capital Ventures Private Limited 23 818.94 35.61 93.50 193.97 Connect
Navigant Corporate Advisors Limited 22 228.36 10.38 5.41 6.61 Connect
Interactive Financial Services Limited 20 633.22 31.66 9.07 46.57 Connect
Narnolia Financial Services Limited 15 552.09 36.81 33.98 189.32 Connect
Share India Capital Services Private Limited 14 437.94 31.28 47.56 115.58 Connect
Holani Consultants Private Limited 13 273.72 21.06 88.02 234.38 Connect
Fast Track Finsec Private Limited 13 224.28 17.25 27.03 31.41 Connect
Expert Global Consultants Private Limited 13 339.75 26.13 43.44 94.95 Connect
Monarch Networth Capital Limited 12 195.39 16.28 6.77 6.84 Connect
Unistone Capital Private Limited 12 397.90 33.16 20.16 59.37 Connect
Corporate Strategic Allianz Limited 9 179.77 19.97 5.61 0.00 Connect
Mark Corporate Advisors Private Limited 9 221.45 24.61 3.66 17.72 Connect
Khandwala Securities Limited 8 223.41 27.93 25.75 201.00 Connect
Choice Capital Advisors Private Limited 8 290.77 36.35 14.73 72.64 Connect
Horizon Management Private Limited 8 430.80 53.85 25.89 202.58 Connect
Swaraj Shares and Securities Private Limited 8 240.79 30.10 44.21 71.04 Connect
Isk Advisors Private Limited 8 181.50 22.69 23.74 42.11 Connect
Khambatta Securities Limited 7 111.88 15.98 72.32 132.45 Connect
Srujan Alpha Capital Advisors Llp 6 122.20 20.37 17.89 119.96 Connect
Keynote Financial Services Limited 6 142.29 23.72 25.62 0.27 Connect
Indorient Financial Services Limited 6 165.08 27.51 23.42 18.02 Connect
Systematix Corporate Services Limited 5 138.67 27.73 11.39 1.30 Connect
Turnaround Corporate Advisors Private Limited 5 44.57 8.91 10.03 141.44 Connect
Vivro Financial Services Private Limited 4 207.72 51.93 43.07 70.08 Connect
Affinity Global Capital Market Private Limited 4 118.47 29.62 26.85 67.22 Connect
Capitalsquare Advisors Private Limited 3 12.73 4.24 2.51 2.46 Connect
Ekadrisht Capital Private Limited 3 138.33 46.11 148.53 295.70 Connect
Bcb Brokerage Private Limited 3 11.16 3.72 -5.67 0.36 Connect
Intensive Fiscal Services Private Limited 3 12.47 4.16 1.39 0.00 Connect
Sobhagya Capital Options Limited 3 8.12 2.71 14.39 0.00 Connect
Vc Corporate Advisors Private Limited (Vcapl) 3 20.67 6.89 2.11 0.38 Connect
Corpwis Advisors Private Limited 3 139.27 46.42 -3.10 44.35 Connect
Arihant Capital Markets Limited 3 97.88 32.63 2.72 1.50 Connect
Oneview Corporate Advisors Private Limited 3 66.53 22.18 71.91 113.17 Connect
IDBI Capital Market Services Limited 3 57.01 19.00 -5.84 0.00 Connect
Mehta Integrated Finance Limited 2 32.02 16.01 -1.46 0.59 Connect
Comfort Securities Private Limited 2 47.83 23.92 80.95 85.67 Connect
kunvarji finstock private limited 2 66.25 33.13 47.69 286.27 Connect
SKI Capital Services Limited 2 55.36 27.68 47.23 136.06 Connect
Chartered Capital And Investment Limited 2 46.22 23.11 -2.09 0.00 Connect
V B Desai Financial Services Limited 2 6.35 3.18 5.20 0.00 Connect
Jawa Capital Services Private Limited 2 57.84 28.92 -14.57 68.58 Connect
Sun Capital Advisory Services (P) Limited 2 16.48 8.24 11.40 36.71 Connect
Ajcon Global Services Limited 2 31.91 15.96 0.50 0.59 Connect
Quintessence Enterprises Private Limited 2 13.38 6.69 -6.40 0.56 Connect
Ckp Financial Services Private Limited 2 38.98 19.49 1.32 1.20 Connect
Boi Merchant Bankers Limited 2 38.30 19.15 -2.56 13.67 Connect
Saffron Capital Advisors Private Limited 2 65.78 32.89 5.34 1.18 Connect
D And A Financial Services Private Limited 2 12.02 6.01 -3.14 0.97 Connect
Unicon Capital Services Private Limited 1 3.02 3.02 43.50 0.00 Connect
3Dimesnion Capital Services Limited 1 25.99 25.99 9.68 8.32 Connect
Cumulative Capital Private Limited 1 55.98 55.98 44.38 21.94 Connect
Asit C. Mehta Investment Interrmediates Limited 1 54.97 54.97 -17.00 1.64 Connect
Corporate Professionals Capital Private Limited 1 22.08 22.08 152.00 53.94 Connect
Kreo Capital Private Limited 1 11.44 11.44 13.15 20.21 Connect
First Call India Equity Advisors Private Limited 1 5.05 5.05 0.56 0.00 Connect
KJMC Corporate Advisors (India) Limited 1 21.00 21.00 24.88 0.00 Connect
Basan Financial Services Limited 1 3.50 3.50 26.00 0.00 Connect
Pl Capital Markets Private Limited 1 35.52 35.52 -2.83 5.36 Connect
Nirbhay Capital Services Private Limited 1 38.40 38.40 -6.67 33.60 Connect
Bonanza Portfolio Limited 1 10.62 10.62 0.28 1.34 Connect
Karvy Investor Services Limited 1 3.58 3.58 6.88 0.00 Connect
Smc Capitals Limited 1 42.48 42.48 -4.92 1.21 Connect
Tipsons Consultancy Services Private Limited 1 25.50 25.50 2.52 0.00 Connect
Chartered Finance Management Limited 1 10.23 10.23 3.81 2.39 Connect
Microsec Capital Limited 1 19.25 19.25 -10.91 0.00 Connect
Spa Capital Advisors Limited 1 6.00 6.00 -13.75 0.00 Connect
Skyline Financial Services Private Limited 1 13.87 13.87 20.00 0.00 Connect
Galactico Corporate Service Limited 1 10.83 10.83 -7.36 1.20 Connect
Sundae Capital Advisors 1 69.54 69.54 6.49 2.70 Connect

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