243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  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) Location
Hem Securities Limited 124 2862.94 23.09 33.68 89.70 Jaipur Connect
Pantomath Capital Advisors Private Limited 103 1678.62 16.30 10.65 8.87 Mumbai Connect
Aryaman Financial Services Limited 84 1140.70 13.58 4.92 4.88 New Delhi Connect
Beeline Capital Advisors Private Limited 67 2049.75 30.59 49.82 184.38 Ahmedabad Connect
First Overseas Capital Limited 51 864.46 16.95 5.74 7.52 Mumbai Connect
Sarthi Capital Advisors Private Limited 48 745.76 15.54 17.59 15.23 Mumbai Connect
Gretex Corporate Services Limited 48 832.40 17.34 18.32 43.65 Mumbai Connect
Guiness Corporate Advisors Private Limited 47 585.29 12.45 7.28 6.46 Kolkata Connect
Finshore Management Services Limited 45 563.95 12.53 23.08 69.09 Kolkata Connect
Shreni Shares Limited 44 766.13 17.41 41.80 120.85 Mumbai Connect
Fedex Securities Private Limited 43 873.41 20.31 17.83 70.37 Mumbai Connect
GYR Capital Advisors Private Limited 34 1003.26 29.51 103.39 393.85 Ahmedabad Connect
Inventure Merchant Banker Services Private Limited 33 427.77 12.96 21.61 6.38 Mumbai Connect
Swastika Investmart Limited 32 473.16 14.79 14.06 57.13 Mumbai Connect
Corporate Capital Ventures Private Limited 23 818.94 35.61 93.50 193.97 New Delhi Connect
Navigant Corporate Advisors Limited 22 228.36 10.38 5.41 6.61 Mumbai Connect
Interactive Financial Services Limited 20 633.22 31.66 9.07 46.57 Ahmedabad Connect
Share India Capital Services Private Limited 15 463.48 30.90 50.39 138.35 Noida Connect
Narnolia Financial Services Limited 15 552.09 36.81 33.98 189.32 Kolkata Connect
Expert Global Consultants Private Limited 14 372.56 26.61 45.04 99.60 New Delhi Connect
Holani Consultants Private Limited 13 273.72 21.06 88.02 234.38 Jaipur Connect
Unistone Capital Private Limited 13 496.35 38.18 18.05 56.29 Mumbai Connect
Fast Track Finsec Private Limited 13 224.28 17.25 27.03 31.41 New Delhi Connect
Monarch Networth Capital Limited 12 195.39 16.28 6.77 6.84 Ahmedabad Connect
Horizon Management Private Limited 10 498.68 49.87 20.93 183.67 Kolkata Connect
Khandwala Securities Limited 10 302.83 30.28 28.02 212.96 Mumbai Connect
Mark Corporate Advisors Private Limited 10 320.52 32.05 13.25 28.48 Mumbai Connect
Corporate Strategic Allianz Limited 9 179.77 19.97 5.61 0.00 Ahmedabad Connect
Isk Advisors Private Limited 9 341.97 38.00 32.15 43.98 Ahmedabad Connect
Choice Capital Advisors Private Limited 8 290.77 36.35 14.73 72.64 Mumbai Connect
Swaraj Shares and Securities Private Limited 8 240.79 30.10 44.21 71.04 Kolkata Connect
Khambatta Securities Limited 7 111.88 15.98 72.32 132.45 Mumbai Connect
Indorient Financial Services Limited 7 275.09 39.30 34.29 41.42 New Delhi Connect
Keynote Financial Services Limited 6 142.29 23.72 25.62 0.27 Mumbai Connect
Srujan Alpha Capital Advisors Llp 6 122.20 20.37 17.89 119.96 Mumbai Connect
Vivro Financial Services Private Limited 5 306.30 61.26 52.46 129.98 Ahmedabad Connect
Systematix Corporate Services Limited 5 138.67 27.73 11.39 1.30 Gwalior Connect
Turnaround Corporate Advisors Private Limited 5 44.57 8.91 10.03 141.44 New Delhi Connect
Affinity Global Capital Market Private Limited 4 118.47 29.62 26.85 67.22 Kolkata Connect
Sobhagya Capital Options Limited 3 8.12 2.71 14.39 0.00 New Delhi Connect
Corpwis Advisors Private Limited 3 139.27 46.42 -3.10 44.35 Mumbai Connect
Oneview Corporate Advisors Private Limited 3 66.53 22.18 71.91 113.17 kolkata Connect
Ekadrisht Capital Private Limited 3 138.33 46.11 148.53 295.70 Mumbai Connect
Jawa Capital Services Private Limited 3 74.07 24.69 -11.38 57.25 New Delhi Connect
Arihant Capital Markets Limited 3 97.88 32.63 2.72 1.50 Mumbai Connect
Vc Corporate Advisors Private Limited (Vcapl) 3 20.67 6.89 2.11 0.38 Kolkata Connect
Idbi Capital Market Services Limited 3 57.01 19.00 -5.84 0.00 Mumbai Connect
Capitalsquare Advisors Private Limited 3 12.73 4.24 2.51 2.46 Mumbai Connect
Intensive Fiscal Services Private Limited 3 12.47 4.16 1.39 0.00 Mumbai Connect
Bcb Brokerage Private Limited 3 11.16 3.72 -5.67 0.36 Mumbai Connect
Comfort Securities Private Limited 2 47.83 23.92 80.95 85.67 Mumbai Connect
kunvarji finstock private limited 2 66.25 33.13 47.69 286.27 Ahmedabad Connect
Chartered Capital And Investment Limited 2 46.22 23.11 -2.09 0.00 Ahmedabad Connect
SKI Capital Services Limited 2 55.36 27.68 47.23 136.06 New Delhi Connect
V B Desai Financial Services Limited 2 6.35 3.18 5.20 0.00 Mumbai Connect
Cumulative Capital Private Limited 2 118.62 59.31 34.69 15.92 Mumbai Connect
Mehta Integrated Finance Limited 2 32.02 16.01 -1.46 0.59 Ahmedabad Connect
Sun Capital Advisory Services (P) Limited 2 16.48 8.24 11.40 36.71 Mumbai Connect
Ajcon Global Services Limited 2 31.91 15.96 0.50 0.59 Mumbai Connect
Quintessence Enterprises Private Limited 2 13.38 6.69 -6.40 0.56 Hyderabad Connect
Ckp Financial Services Private Limited 2 38.98 19.49 1.32 1.20 Mumbai Connect
Boi Merchant Bankers Limited 2 38.30 19.15 -2.56 13.67 Mumbai Connect
Saffron Capital Advisors Private Limited 2 65.78 32.89 5.34 1.18 New Delhi Connect
D And A Financial Services Private Limited 2 12.02 6.01 -3.14 0.97 New Delhi Connect
Marwadi Chandarana Intermediaries Brokers Private Limited 1 6.22 6.22 -100.00 1057.00 Rajkot Connect
Nirbhay Capital Services Private Limited 1 38.40 38.40 -6.67 33.60 Ahmedabad Connect
3Dimesnion Capital Services Limited 1 25.99 25.99 9.68 8.32 New Delhi Connect
Asit C. Mehta Investment Interrmediates Limited 1 54.97 54.97 -17.00 1.64 Mumbai Connect
Corporate Professionals Capital Private Limited 1 22.08 22.08 152.00 53.94 New Delhi Connect
Kreo Capital Private Limited 1 11.44 11.44 13.15 20.21 Nagpur Connect
PL Capital Markets Private Limited 1 35.52 35.52 -2.83 5.36 Mumbai Connect
First Call India Equity Advisors Private Limited 1 5.05 5.05 0.56 0.00 Mumbai Connect
Kjmc Corporate Advisors (India) Limited 1 21.00 21.00 24.88 0.00 Mumbai Connect
Basan Financial Services Limited 1 3.50 3.50 26.00 0.00 Hyderabad Connect
Unicon Capital Services Private Limited 1 3.02 3.02 43.50 0.00 Connect
Bonanza Portfolio Limited 1 10.62 10.62 0.28 1.34 New Delhi Connect
Smc Capitals Limited 1 42.48 42.48 -4.92 1.21 New Delhi Connect
Karvy Investor Services Limited 1 3.58 3.58 6.88 0.00 Hyderabad Connect
Chartered Finance Management Limited 1 10.23 10.23 3.81 2.39 Mumbai Connect
Tipsons Consultancy Services Private Limited 1 25.50 25.50 2.52 0.00 Ahmedabad Connect
Galactico Corporate Service Limited 1 10.83 10.83 -7.36 1.20 Nashik Connect
Microsec Capital Limited 1 19.25 19.25 -10.91 0.00 Kolkata Connect
Spa Capital Advisors Limited 1 6.00 6.00 -13.75 0.00 New Delhi Connect
Skyline Financial Services Private Limited 1 13.87 13.87 20.00 0.00 New Delhi Connect
Sundae Capital Advisors 1 69.54 69.54 6.49 2.70 New Delhi Connect

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