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2018 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
SBI Capital Markets Limited	7	7536.38	1076.63	535.10	35.77	Mumbai	Connect
Jm Financial Limited	6	11634.78	1939.13	929.77	22.37	Mumbai	Connect
ICICI Securities Limited	6	5772.71	962.12	607.91	6.48	Mumbai	Connect
Kotak Mahindra Capital Company Limited	6	9885.10	1647.52	765.23	16.97	Mumbai	Connect
Idbi Capital Market Services Limited	5	2675.01	535.00	243.03	16.01	Mumbai	Connect
Edelweiss Financial Services Limited	5	7888.33	1577.67	995.27	39.17	Mumbai	Connect
Citigroup Global Markets India Private Limited	5	11622.27	2324.45	946.34	18.70	Mumbai	Connect
Axis Capital Limited	4	7980.48	1995.12	920.68	24.97	Mumbai	Connect
Clsa India Private Limited	3	7855.98	2618.66	777.27	28.32	Mumbai	Connect
Idfc Bank Limited	3	1485.13	495.04	567.65	80.12	Chennai	Connect
J.P. Morgan India Private Limited	3	8312.03	2770.68	787.98	32.91	Mumbai	Connect
Yes Securities (India) Limited	3	2344.31	781.44	189.13	1.17	Mumbai	Connect
Iifl Securities Limited	3	5877.29	1959.10	1092.17	29.58	Mumbai	Connect
Morgan Stanley India Company Private Limited	2	4644.33	2322.17	1200.33	44.82	Mumbai	Connect
Credit Suisse Securities (India) Private Limited	2	3076.96	1538.48	730.68	2.88	Mumbai	Connect
Bofa Securities India Limited	2	6817.30	3408.65	1130.10	41.89	Mumbai	Connect
Hdfc Bank Limited	2	2196.07	1098.04	521.60	2.98	Mumbai	Connect
Aryaman Financial Services Limited	2	233.40	116.70	216.72	125.52	New Delhi	Connect
Goldman Sachs (India) Securities Private Limited	2	5453.16	2726.58	328.53	7.94	Mumbai	Connect
Axis Bank Limited	2	5453.16	2726.58	328.53	7.94	Ahmedabad	Connect
Elara Capital (India) Private Limited	1	460.51	460.51	212.70	66.74	Mumbai	Connect
Motilal Oswal Investment Advisors Limited	1	1844.00	1844.00	585.50	6.65	Mumbai	Connect
Bnp Paribas	1	600.00	600.00	1237.25	165.38	Mumbai	Connect
Jefferies India Private Limited	1	424.62	424.62	253.00	8.25	Mumbai	Connect

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2018 MainBoard Merchant Bankers' report

Let's calculatehow much funds you can raise through SME IPO

Thinking of
Listing Your Business through
SME IPO?

Let's calculate
how much funds you can raise through SME IPO