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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Top SME Merchant Bankers in India 2017

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 27 480.87 17.81 11.12 2.26 Mumbai Connect
Hem Securities Limited 17 225.61 13.27 19.56 0.00 Jaipur Connect
Sarthi Capital Advisors Private Limited 14 209.30 14.95 8.68 0.00 Mumbai Connect
Aryaman Financial Services Limited 12 126.03 10.50 15.55 0.00 New Delhi Connect
Guiness Corporate Advisors Private Limited 10 94.37 9.44 18.30 0.00 Kolkata Connect
Gretex Corporate Services Limited 9 58.26 6.47 3.71 0.00 Mumbai Connect
Swastika Investmart Limited 9 88.47 9.83 10.01 0.00 Mumbai Connect
Navigant Corporate Advisors Limited 7 41.67 5.95 -4.02 0.00 Mumbai Connect
Corporate Capital Ventures Private Limited 4 40.60 10.15 7.04 0.00 New Delhi Connect
Inventure Merchant Banker Services Private Limited 4 48.12 12.03 -4.72 0.00 Mumbai Connect
First Overseas Capital Limited 2 12.52 6.26 0.50 0.00 Mumbai Connect
Systematix Corporate Services Limited 2 66.19 33.10 12.82 0.00 Gwalior Connect
Monarch Networth Capital Limited 2 28.15 14.08 -2.11 0.00 Ahmedabad Connect
Skyline Financial Services Private Limited 1 13.87 13.87 20.00 0.00 New Delhi Connect
Chartered Capital And Investment Limited 1 40.22 40.22 0.83 0.00 Ahmedabad Connect
Fedex Securities Private Limited 1 8.55 8.55 -8.33 0.00 Mumbai Connect
Spa Capital Advisors Limited 1 6.00 6.00 -13.75 0.00 New Delhi Connect
Saffron Capital Advisors Private Limited 1 14.70 14.70 20.00 0.00 New Delhi Connect
Mark Corporate Advisors Private Limited 1 14.17 14.17 20.00 0.00 Mumbai Connect
Microsec Capital Limited 1 19.25 19.25 -10.91 0.00 Kolkata Connect
Vivro Financial Services Private Limited 1 23.71 23.71 20.00 0.00 Ahmedabad Connect
Choice Capital Advisors Private Limited 1 20.02 20.02 -9.02 0.00 Mumbai Connect
D And A Financial Services Private Limited 1 7.20 7.20 -1.13 0.00 New Delhi Connect
Tipsons Consultancy Services Private Limited 1 25.50 25.50 2.52 0.00 Ahmedabad Connect
Arihant Capital Markets Limited 1 22.01 22.01 -5.50 0.00 Mumbai Connect
Keynote Financial Services Limited 1 26.99 26.99 -8.91 0.00 Mumbai Connect

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