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 2018

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 30 586.56 19.55 8.25 8.97 Mumbai Connect
Aryaman Financial Services Limited 21 347.45 16.55 0.88 2.82 New Delhi Connect
Guiness Corporate Advisors Private Limited 11 250.52 22.77 6.17 32.17 Kolkata Connect
Navigant Corporate Advisors Limited 7 116.57 16.65 4.49 4.55 Mumbai Connect
Gretex Corporate Services Limited 7 66.80 9.54 3.71 1.60 Mumbai Connect
Finshore Management Services Limited 7 132.50 18.93 1.61 1.70 Kolkata Connect
Hem Securities Limited 7 100.59 14.37 4.08 38.38 Jaipur Connect
Swastika Investmart Limited 7 81.11 11.59 4.21 6.67 Mumbai Connect
First Overseas Capital Limited 6 49.39 8.23 -1.45 1.99 Mumbai Connect
Sarthi Capital Advisors Private Limited 6 115.11 19.19 3.58 3.42 Mumbai Connect
Monarch Networth Capital Limited 6 71.63 11.94 5.55 13.49 Ahmedabad Connect
Fedex Securities Private Limited 4 29.24 7.31 17.43 1.43 Mumbai Connect
Mark Corporate Advisors Private Limited 3 52.58 17.53 2.65 35.25 Mumbai Connect
Inventure Merchant Banker Services Private Limited 3 48.19 16.06 -8.76 1.43 Mumbai Connect
Corporate Capital Ventures Private Limited 3 30.48 10.16 9.76 1.25 New Delhi Connect
Beeline Capital Advisors Private Limited 2 10.50 5.25 12.52 36.35 Ahmedabad Connect
Systematix Corporate Services Limited 2 53.07 26.54 6.08 2.12 Gwalior Connect
Holani Consultants Private Limited 2 46.59 23.30 25.57 39.39 Jaipur Connect
Ckp Financial Services Private Limited 2 38.98 19.49 1.32 1.20 Mumbai Connect
PL Capital Markets Private Limited 1 35.52 35.52 -2.83 5.36 Mumbai Connect
Arihant Capital Markets Limited 1 25.87 25.87 0.77 1.27 Mumbai Connect
Vc Corporate Advisors Private Limited (Vcapl) 1 11.07 11.07 0.00 1.14 Kolkata Connect
D And A Financial Services Private Limited 1 4.82 4.82 -5.14 1.94 New Delhi Connect
Saffron Capital Advisors Private Limited 1 51.08 51.08 -9.33 2.35 New Delhi Connect
Boi Merchant Bankers Limited 1 24.60 24.60 -5.00 4.97 Mumbai Connect
Turnaround Corporate Advisors Private Limited 1 4.51 4.51 1.27 1.38 New Delhi Connect
Quintessence Enterprises Private Limited 1 6.34 6.34 -2.89 1.12 Hyderabad Connect
Ajcon Global Services Limited 1 26.56 26.56 1.00 1.17 Mumbai Connect
Asit C. Mehta Investment Interrmediates Limited 1 54.97 54.97 -17.00 1.64 Mumbai Connect
Keynote Financial Services Limited 1 54.97 54.97 -17.00 1.64 Mumbai Connect

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