Get detailed insights into year-wise Merchant Banker reviews with our comprehensive analysis of BRLMs (Book Running Lead Managers) for SME 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 played a key role in helping SMEs raise capital, navigate regulatory processes, and achieve successful listings. Explore reviews of the best merchant bankers known for their expertise in SME IPO advisory and capital market strategies tailored for growing businesses.
| Merchant Banker | No of IPOs so far | Total funds raised (Cr.) | Avg IPO size (Cr.) | Avg Listing Gain (%) | Avg Subscription (X) | Location | |
|---|---|---|---|---|---|---|---|
| Pantomath Capital Advisors Private Limited | 9 | 60.57 | 6.73 | 13.20 | 0.00 | Mumbai | Connect |
| First Overseas Capital Limited | 8 | 35.06 | 4.38 | 7.30 | 0.00 | Mumbai | Connect |
| Hem Securities Limited | 8 | 34.20 | 4.28 | 8.57 | 0.00 | Jaipur | Connect |
| Sarthi Capital Advisors Private Limited | 5 | 20.08 | 4.02 | 3.57 | 0.00 | Mumbai | Connect |
| Corporate Strategic Allianz Limited | 3 | 69.28 | 23.09 | 0.82 | 0.00 | Ahmedabad | Connect |
| Guiness Corporate Advisors Private Limited | 3 | 9.60 | 3.20 | 0.14 | 0.00 | Kolkata | Connect |
| Aryaman Financial Services Limited | 2 | 21.23 | 10.62 | 2.53 | 0.00 | New Delhi | Connect |
| Keynote Financial Services Limited | 1 | 6.00 | 6.00 | 9.13 | 0.00 | Mumbai | Connect |
| Intensive Fiscal Services Private Limited | 1 | 2.29 | 2.29 | 1.67 | 0.00 | Mumbai | Connect |
| Sobhagya Capital Options Limited | 1 | 3.96 | 3.96 | 5.00 | 0.00 | New Delhi | Connect |
| Bcb Brokerage Private Limited | 1 | 3.25 | 3.25 | -21.60 | 0.00 | Mumbai | Connect |
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