247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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2008 MainBoard Merchant Bankers' report

Get detailed insights into year-wise Merchant Banker reviews with our comprehensive analysis of BRLMs (Book Running Lead Managers) for IPOs in India. This page highlights the performance and services provided by top merchant banking firms for each year, including 2024 merchant bankers, 2023 merchant bankers, and 2022 merchant bankers. Discover which merchant bankers excelled in facilitating IPOs, ensuring smooth execution, and delivering value to issuers and investors. Explore reviews of the best merchant bankers known for expertise in equity capital markets and regulatory compliance.

Merchant Banker No of IPOs so far Total funds raised (Cr.) Avg IPO size (Cr.) Avg Listing Gain (%) Avg Subscription (X) Location
Kotak Mahindra Capital Company Limited 6 14055.68 2342.61 342.22 0.25 Mumbai Connect
Keynote Financial Services Limited 5 156.53 31.31 31.62 0.86 Mumbai Connect
Anand Rathi Securities Limited 3 276.69 92.23 119.07 0.00 Mumbai Connect
ICICI Securities Limited 3 2268.88 756.29 312.23 0.00 Mumbai Connect
Srei Capital Markets Limited 3 98.78 32.93 129.60 0.00 Kolkata Connect
Saffron Capital Advisors Private Limited 2 132.00 66.00 74.81 0.52 New Delhi Connect
Dam Capital Advisors Limited (Formerly Idfc Securities Limited) 2 1107.05 553.53 68.64 0.75 Mumbai Connect
Motilal Oswal Investment Advisors Limited 2 198.96 99.48 172.03 0.00 Mumbai Connect
Ubs Securities India Private Limited 2 12001.73 6000.87 442.04 0.00 Mumbai Connect
Ashika Capital Limited 2 47.40 23.70 32.20 0.00 Kolkata Connect
SBI Capital Markets Limited 2 2077.79 1038.90 511.25 0.00 Mumbai Connect
Allahabad Bank 2 205.93 102.97 77.93 0.56 Kolkata Connect
Deutsche Equities India Private Limited 2 1424.19 712.10 355.48 0.00 Mumbai Connect
J.P. Morgan India Private Limited 1 11563.20 11563.20 -17.22 0.00 Mumbai Connect
Axis Capital Limited 1 11563.20 11563.20 -17.22 0.00 Mumbai Connect
Collins Stewart Inga Private Limited 1 41.65 41.65 138.30 0.00 Mumbai Connect
Axis Bank Limited 1 133.87 133.87 154.35 0.00 Ahmedabad Connect
Almondz Global Securities Limited 1 72.45 72.45 171.80 0.00 New Delhi Connect
Religare Securities Limited 1 139.90 139.90 500.65 0.00 New Delhi Connect
Il&Fs Investsmart Securities Limited 1 1639.26 1639.26 121.20 0.00 Mumbai Connect
Macquarie India Advisory Services Private Limited 1 276.39 276.39 157.90 0.00 Gurugram Connect
Centrum Capital Limited 1 56.25 56.25 5.70 0.00 Mumbai Connect
Intensive Fiscal Services Private Limited 1 139.59 139.59 181.05 0.00 Mumbai Connect
Edelweiss Financial Services Limited 1 830.66 830.66 -20.63 1.50 Mumbai Connect
Morgan Stanley India Company Private Limited 1 830.66 830.66 -20.63 1.50 Mumbai Connect

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