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2021 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	33	76172.69	2308.26	628.95	48.30	Mumbai	Connect
ICICI Securities Limited	27	59644.83	2209.07	826.87	58.68	Mumbai	Connect
Iifl Securities Limited	20	30405.21	1520.26	729.81	41.85	Mumbai	Connect
Jm Financial Limited	20	30583.09	1529.15	893.98	88.47	Mumbai	Connect
Kotak Mahindra Capital Company Limited	16	46312.75	2894.55	899.30	45.14	Mumbai	Connect
Edelweiss Financial Services Limited	10	21558.48	2155.85	722.27	41.14	Mumbai	Connect
SBI Capital Markets Limited	10	24230.28	2423.03	413.13	16.95	Mumbai	Connect
Dam Capital Advisors Limited (Formerly Idfc Securities Limited)	9	15498.38	1722.04	732.80	59.37	Mumbai	Connect
Citigroup Global Markets India Private Limited	9	55622.92	6180.32	958.67	20.52	Mumbai	Connect
Nomura Financial Advisory And Securities (India) Private Limited	7	9398.73	1342.68	857.37	40.55	Mumbai	Connect
Ambit Private Limited	7	18049.20	2578.46	608.02	18.45	Mumbai	Connect
Bofa Securities India Limited	6	28331.21	4721.87	983.88	29.48	Mumbai	Connect
Credit Suisse Securities (India) Private Limited	6	23470.76	3911.79	611.29	20.97	Mumbai	Connect
Equirus Capital Private Limited	6	5235.12	872.52	898.07	54.31	Mumbai	Connect
Hdfc Bank Limited	4	27656.54	6914.14	1303.38	31.58	Mumbai	Connect
Bob Capital Markets Limited	4	9038.60	2259.65	338.43	12.58	Mumbai	Connect
Yes Securities (India) Limited	3	9118.26	3039.42	409.95	2.93	Mumbai	Connect
J.P. Morgan India Private Limited	3	14350.00	4783.33	388.04	3.98	Mumbai	Connect
Hsbc Securities & Capital Markets Private limited	3	17368.37	5789.46	219.71	3.34	Mumbai	Connect
Jefferies India Private Limited	3	8932.09	2977.36	907.02	59.40	Mumbai	Connect
Goldman Sachs (India) Securities Private Limited	2	19813.60	9906.80	1156.18	23.03	Mumbai	Connect
Clsa India Private Limited	2	3038.29	1519.15	334.30	59.37	Mumbai	Connect
Anand Rathi Securities Limited	2	830.78	415.39	541.13	157.02	Mumbai	Connect
Motilal Oswal Investment Advisors Limited	2	4606.26	2303.13	411.50	60.98	Mumbai	Connect
Idbi Capital Market Services Limited	2	1550.24	775.12	643.98	86.42	Mumbai	Connect
Unistone Capital Private Limited	2	251.39	125.70	469.35	61.44	Mumbai	Connect
Batlivala & Karani Securities India Private Limited	1	625.24	625.24	812.25	83.29	Kolkata	Connect
Iti Capital Limited	1	100.00	100.00	666.65	39.93	Mumbai	Connect
Emkay Global Financial Services Limited	1	625.24	625.24	812.25	83.29	Mumbai	Connect
Idfc Bank Limited	1	4633.38	4633.38	24.85	3.49	Chennai	Connect
Pantomath Capital Advisors Private Limited	1	161.09	161.09	132.25	22.65	Mumbai	Connect
Indusind Bank Limited	1	3850.00	3850.00	534.90	2.17	Pune	Connect
Intensive Fiscal Services Private Limited	1	569.64	569.64	934.55	64.54	Mumbai	Connect
Morgan Stanley India Company Private Limited	1	18300.00	18300.00	1564.15	1.89	Mumbai	Connect
Haitong Securities India Private Limited	1	600.00	600.00	488.60	326.49	Mumbai	Connect
Bnp Paribas	1	660.00	660.00	583.50	9.78	Mumbai	Connect

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2021 MainBoard Merchant Bankers' report

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