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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2010 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
Axis Capital Limited 17 25066.28 1474.49 301.45 21.76 Mumbai Connect
Kotak Mahindra Capital Company Limited 16 31598.54 1974.91 243.00 10.85 Mumbai Connect
ICICI Securities Limited 12 27894.53 2324.54 196.22 8.27 Mumbai Connect
SBI Capital Markets Limited 11 14630.43 1330.04 177.77 24.80 Mumbai Connect
Dam Capital Advisors Limited (Formerly Idfc Securities Limited) 10 8022.72 802.27 388.79 16.62 Mumbai Connect
J.P. Morgan India Private Limited 7 22256.57 3179.51 184.13 26.03 Mumbai Connect
Jm Financial Limited 6 8794.13 1465.69 220.16 15.64 Mumbai Connect
Edelweiss Financial Services Limited 6 12057.69 2009.62 246.61 26.85 Mumbai Connect
Bofa Securities India Limited 5 23540.83 4708.17 221.49 4.56 Mumbai Connect
Keynote Financial Services Limited 5 273.27 54.65 135.78 11.48 Mumbai Connect
Morgan Stanley India Company Private Limited 5 14675.06 2935.01 160.42 8.59 Mumbai Connect
Idbi Capital Market Services Limited 4 5103.25 1275.81 332.15 28.09 Mumbai Connect
Citigroup Global Markets India Private Limited 4 33994.21 8498.55 276.48 14.32 Mumbai Connect
Ubs Securities India Private Limited 3 2766.00 922.00 85.97 1.56 Mumbai Connect
Anand Rathi Securities Limited 3 210.75 70.25 116.03 11.01 Mumbai Connect
Ashika Capital Limited 3 168.08 56.03 89.15 5.96 Kolkata Connect
Chartered Capital And Investment Limited 3 161.12 53.71 91.80 7.78 Ahmedabad Connect
Goldman Sachs (India) Securities Private Limited 3 10828.69 3609.56 81.52 6.05 Mumbai Connect
Deutsche Equities India Private Limited 2 15729.44 7864.72 364.85 9.09 Mumbai Connect
Motilal Oswal Investment Advisors Limited 2 327.60 163.80 269.55 8.96 Mumbai Connect
Spa Capital Advisors Limited 2 305.00 152.50 84.78 1.70 New Delhi Connect
Axis Bank Limited 2 2550.00 1275.00 68.10 1.16 Ahmedabad Connect
Hsbc Securities & Capital Markets Private limited 2 1659.65 829.83 297.45 23.39 Mumbai Connect
Nomura Financial Advisory And Securities (India) Private Limited 2 1168.85 584.43 404.15 18.71 Mumbai Connect
Vc Corporate Advisors Private Limited (Vcapl) 1 48.75 48.75 -8.07 2.97 Kolkata Connect
Comfort Securities Private Limited 1 73.60 73.60 80.05 2.22 Mumbai Connect
Smart Horizon Capital Advisors Private Limited 1 115.00 115.00 632.35 47.39 Mumbai Connect
Comfort Securities Limited 1 63.75 63.75 56.90 1.74 Mumbai Connect
Iifl Securities Limited 1 77.44 77.44 162.60 28.39 Mumbai Connect
Collins Stewart Inga Private Limited 1 53.65 53.65 159.35 18.95 Mumbai Connect
Almondz Global Securities Limited 1 45.00 45.00 137.25 7.48 New Delhi Connect

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