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 | |
|---|---|---|---|---|---|---|---|
| SBI Capital Markets Limited | 2 | 7229.03 | 3614.52 | 130.05 | 4.20 | Mumbai | Connect |
| Citigroup Global Markets India Private Limited | 2 | 7877.78 | 3938.89 | 355.35 | 9.19 | Mumbai | Connect |
| Kotak Mahindra Capital Company Limited | 1 | 6958.64 | 6958.64 | 99.25 | 6.74 | Mumbai | Connect |
| ICICI Securities Limited | 1 | 6958.64 | 6958.64 | 99.25 | 6.74 | Mumbai | Connect |
| Morgan Stanley India Company Private Limited | 1 | 919.14 | 919.14 | 611.45 | 11.63 | Mumbai | Connect |
| Jm Financial Limited | 1 | 270.39 | 270.39 | 160.85 | 1.65 | Mumbai | Connect |
| Dam Capital Advisors Limited (Formerly Idfc Securities Limited) | 1 | 270.39 | 270.39 | 160.85 | 1.65 | Mumbai | Connect |
| Anand Rathi Securities Limited | 1 | 94.42 | 94.42 | 205.25 | 1.20 | Mumbai | Connect |
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