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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2017 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 12 30107.12 2508.93 582.39 58.93 Mumbai Connect
Edelweiss Financial Services Limited 11 25030.67 2275.52 507.51 49.54 Mumbai Connect
Iifl Securities Limited 9 20093.16 2232.57 774.22 46.18 Mumbai Connect
Motilal Oswal Investment Advisors Limited 7 6782.46 968.92 882.76 66.52 Mumbai Connect
Idfc Bank Limited 7 18163.66 2594.81 767.25 25.97 Chennai Connect
ICICI Securities Limited 7 12692.95 1813.28 476.52 42.48 Mumbai Connect
Citigroup Global Markets India Private Limited 6 26256.20 4376.03 513.73 10.84 Mumbai Connect
Kotak Mahindra Capital Company Limited 6 21226.35 3537.73 750.35 18.67 Mumbai Connect
Axis Bank Limited 5 12701.71 2540.34 694.00 14.55 Ahmedabad Connect
Jm Financial Limited 5 8837.87 1767.57 510.87 37.52 Mumbai Connect
SBI Capital Markets Limited 5 14478.60 2895.72 435.12 69.06 Mumbai Connect
Credit Suisse Securities (India) Private Limited 5 18243.14 3648.63 328.70 34.28 Mumbai Connect
Yes Securities (India) Limited 4 2514.08 628.52 1126.74 33.50 Mumbai Connect
Nomura Financial Advisory And Securities (India) Private Limited 3 11601.04 3867.01 336.39 27.54 Mumbai Connect
Clsa India Private Limited 3 15938.19 5312.73 436.60 29.80 Mumbai Connect
Idbi Capital Market Services Limited 3 2527.92 842.64 346.38 85.59 Mumbai Connect
Hdfc Bank Limited 3 4127.51 1375.84 406.51 66.65 Mumbai Connect
Deutsche Equities India Private Limited 2 19575.84 9787.92 789.20 2.47 Mumbai Connect
Karvy Investor Services Limited 2 363.93 181.97 209.40 7.36 Hyderabad Connect
Bnp Paribas 2 8884.80 4442.40 439.83 2.54 Mumbai Connect
Spark Capital Advisors (India) Private Limited 2 1724.99 862.50 1123.75 49.31 Chennai Connect
Yes Bank Limited 2 2066.23 1033.12 272.80 125.85 Mumbai Connect
Haitong Securities India Private Limited 2 9219.00 4609.50 302.93 87.53 Mumbai Connect
Morgan Stanley India Company Private Limited 2 10945.01 5472.51 221.35 3.12 Mumbai Connect
Pantomath Capital Advisors Private Limited 1 70.00 70.00 119.70 241.75 Mumbai Connect
Hsbc Securities & Capital Markets Private limited 1 11175.84 11175.84 870.40 1.38 Mumbai Connect
Vivro Financial Services Private Limited 1 400.00 400.00 36.96 183.03 Ahmedabad Connect
Iti Capital Limited 1 600.65 600.65 208.15 1.81 Mumbai Connect
Investec Capital Services (India) Private Limited 1 600.65 600.65 208.15 1.81 Mumbai Connect
Sarthi Capital Advisors Private Limited 1 35.87 35.87 259.15 273.05 Mumbai Connect
Ubs Securities India Private Limited 1 8695.01 8695.01 344.25 4.89 Mumbai Connect
Equirus Capital Private Limited 1 345.00 345.00 37.57 41.88 Mumbai Connect
Jefferies India Private Limited 1 1243.43 1243.43 1069.20 51.22 Mumbai Connect
Smc Capitals Limited 1 1243.43 1243.43 1069.20 51.22 New Delhi Connect

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