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 2019

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 7 148.31 21.19 2.30 2.03 Mumbai Connect
Finshore Management Services Limited 6 62.03 10.34 3.62 1.30 Kolkata Connect
Aryaman Financial Services Limited 6 39.36 6.56 -2.22 1.27 New Delhi Connect
Fedex Securities Private Limited 5 124.55 24.91 6.34 1.25 Mumbai Connect
Hem Securities Limited 4 14.45 3.61 -0.28 1.70 Jaipur Connect
Fast Track Finsec Private Limited 3 30.10 10.03 3.18 1.38 New Delhi Connect
Navigant Corporate Advisors Limited 3 34.85 11.62 1.69 1.22 Mumbai Connect
Gretex Corporate Services Limited 2 4.57 2.29 7.58 3.53 Mumbai Connect
Share India Capital Services Private Limited 2 12.38 6.19 4.40 1.49 Noida Connect
Monarch Networth Capital Limited 1 39.78 39.78 6.19 1.12 Ahmedabad Connect
First Overseas Capital Limited 1 4.49 4.49 0.62 1.24 Mumbai Connect
Mark Corporate Advisors Private Limited 1 12.84 12.84 0.52 0.97 Mumbai Connect
Capitalsquare Advisors Private Limited 1 3.98 3.98 -1.17 3.00 Mumbai Connect
Guiness Corporate Advisors Private Limited 1 12.66 12.66 0.74 1.17 Kolkata Connect
Inventure Merchant Banker Services Private Limited 1 3.65 3.65 2.22 1.20 Mumbai Connect
Holani Consultants Private Limited 1 6.58 6.58 9.38 1.56 Jaipur Connect
Smc Capitals Limited 1 42.48 42.48 -4.92 1.21 New Delhi Connect
Bonanza Portfolio Limited 1 10.62 10.62 0.28 1.34 New Delhi Connect
Beeline Capital Advisors Private Limited 1 10.51 10.51 3.50 1.98 Ahmedabad Connect
Bcb Brokerage Private Limited 1 3.60 3.60 1.25 1.09 Mumbai Connect
Swastika Investmart Limited 1 7.21 7.21 1.76 2.00 Mumbai Connect
Vivro Financial Services Private Limited 1 39.94 39.94 1.62 11.50 Ahmedabad Connect

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