221  Total SME IPOs listed in 2024

8301.83 Crs.  Total funds raised in 2024

203  SME IPOs listed with Gain in 2024

18  SME IPOs listed with loss in 2024

221  Total SME IPOs listed in 2024

8301.83 Crs.  Total funds raised in 2024

203  SME IPOs listed with Gain in 2024

18  SME IPOs listed with loss in 2024

221  Total SME IPOs listed in 2024

8301.83 Crs.  Total funds raised in 2024

203  SME IPOs listed with Gain in 2024

18  SME IPOs listed with loss in 2024

221  Total SME IPOs listed in 2024

8301.83 Crs.  Total funds raised in 2024

203  SME IPOs listed with Gain in 2024

18  SME IPOs listed with loss in 2024

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List of SME Merchant Bankers in India

This list consists of merchant banker for SME IPO. Role of a merchant banker for SME listing has a broad scope that includes capital restructuring, appointment of market intermediaries, fund raise and promotional activities. The post Issue activities of SME IPO merchant banker in India includes proper basis of allotment, coordinating with intermediaries and compliance with regulatory requirements of the stock exchange. IPO bound companies can search for best Merchant Banker for valuation of shares. One can go through this list of merchant bankers to choose the best IPO lead manager. Through this list, promoters can also find top 10 merchant bankers in India.

Merchant Banker No of IPOs so far Total funds raised (Cr.) Avg IPO size (Cr.) Avg Listing Gain (%) Avg Subscription (X) Location
Hem Securities Limited 123 2831.62 23.02 33.94 90.15 Jaipur
Pantomath Capital Advisors Private Limited 103 1678.62 16.30 10.65 8.87 Mumbai
Aryaman Financial Services Limited 84 1140.70 13.58 4.92 4.88 New Delhi
Beeline Capital Advisors Private Limited 64 1827.27 28.55 48.68 172.03 Ahmedabad
First Overseas Capital Limited 51 864.46 16.95 5.74 7.52 Mumbai
Sarthi Capital Advisors Private Limited 48 745.76 15.54 17.59 15.23 New Delhi
Gretex Corporate Services Limited 48 832.40 17.34 18.32 43.65 Mumbai
Guiness Corporate Advisors Private Limited 47 585.29 12.45 7.28 6.46 Kolkata
Shreni Shares Limited 44 766.13 17.41 41.80 120.85 Mumbai
Finshore Management Services Limited 44 540.15 12.28 21.34 57.77 Kolkata
Fedex Securities Private Limited 43 873.41 20.31 17.83 70.37 Mumbai
GYR Capital Advisors Private Limited 32 929.30 29.04 91.82 379.42 Ahmedabad
Swastika Investmart Limited 32 473.16 14.79 14.06 57.13 Mumbai
Inventure Merchant Banker Services Private Limited 32 366.57 11.46 22.72 6.53 Mumbai
Corporate Capital Ventures Private Limited 23 818.94 35.61 93.50 193.97 New Delhi
Navigant Corporate Advisors Limited 22 228.36 10.38 5.41 6.61 Mumbai
Interactive Financial Services Limited 20 633.22 31.66 9.07 46.57 Ahmedabad
Narnolia Financial Services Limited 14 453.64 32.40 36.93 201.46 Kolkata
Share India Capital Services Private Limited 14 437.94 31.28 47.56 115.58 Noida
Holani Consultants Private Limited 13 273.72 21.06 88.02 234.38 Jaipur
Fast Track Finsec Private Limited 13 224.28 17.25 27.03 31.41 New Delhi
Monarch Networth Capital Limited 12 195.39 16.28 6.77 6.84 Gandhinagar
Unistone Capital Private Limited 12 397.90 33.16 20.16 59.37 Mumbai
Expert Global Consultants Private Limited 12 326.75 27.23 42.18 95.19 New Delhi
Corporate Strategic Allianz Limited 9 179.77 19.97 5.61 0.00 Ahmedabad
Mark Corporate Advisors Private Limited 9 221.45 24.61 3.66 17.72 Mumbai
Khandwala Securities Limited 8 223.41 27.93 25.75 201.00 Mumbai
Choice Capital Advisors Private Limited 8 290.77 36.35 14.73 72.64 Mumbai
Horizon Management Private Limited 8 430.80 53.85 25.89 202.58 Kolkata
Isk Advisors Private Limited 8 181.50 22.69 23.74 42.11 Ahmedabad
Swaraj Shares and Securities Private Limited 8 240.79 30.10 44.21 71.04 Kolkata
Khambatta Securities Limited 7 111.88 15.98 72.32 132.45 Mumbai
Srujan Alpha Capital Advisors Llp 6 122.20 20.37 17.89 119.96 Mumbai
Keynote Financial Services Limited 6 142.29 23.72 25.62 0.27 Mumbai
Indorient Financial Services Limited 6 165.08 27.51 23.42 18.02 New Delhi
Systematix Corporate Services Limited 5 138.67 27.73 11.39 1.30 Indore
Turnaround Corporate Advisors Private Limited 5 44.57 8.91 10.03 141.44 New Delhi
Vivro Financial Services Private Limited 4 207.72 51.93 43.07 70.08 Ahmedabad
Affinity Global Capital Market Private Limited 4 118.47 29.62 26.85 67.22 Kolkata
Capitalsquare Advisors Private Limited 3 12.73 4.24 2.51 2.46 Mumbai
Bcb Brokerage Private Limited 3 11.16 3.72 -5.67 0.36 Mumbai
Intensive Fiscal Services Private Limited 3 12.47 4.16 1.39 0.00 Mumbai
Sobhagya Capital Options Limited 3 8.12 2.71 14.39 0.00 New Delhi
Vc Corporate Advisors Private Limited (Vcapl) 3 20.67 6.89 2.11 0.38 Kolkata
Corpwis Advisors Private Limited 3 139.27 46.42 -3.10 44.35 Mumbai
Arihant Capital Markets Limited 3 97.88 32.63 2.72 1.50 Mumbai
Oneview Corporate Advisors Private Limited 3 66.53 22.18 71.91 113.17 kolkata
Ekadrisht Capital Private Limited 3 138.33 46.11 148.53 295.70 Mumbai
IDBI Capital Market Services Limited 3 57.01 19.00 -5.84 0.00 Mumbai
Mehta Integrated Finance Limited 2 32.02 16.01 -1.46 0.59 Ahmedabad
Jawa Capital Services Private Limited 2 57.84 28.92 -14.57 68.58 New Delhi
Comfort Securities Private Limited 2 47.83 23.92 80.95 85.67 Mumbai
SKI Capital Services Limited 2 55.36 27.68 47.23 136.06 New Delhi
Chartered Capital And Investment Limited 2 46.22 23.11 -2.09 0.00 Ahmedabad
kunvarji finstock private limited 2 66.25 33.13 47.69 286.27 Ahmedabad
V B Desai Financial Services Limited 2 6.35 3.18 5.20 0.00 Mumbai
Sun Capital Advisory Services (P) Limited 2 16.48 8.24 11.40 36.71 Mumbai
Ajcon Global Services Limited 2 31.91 15.96 0.50 0.59 Mumbai
Quintessence Enterprises Private Limited 2 13.38 6.69 -6.40 0.56 Hyderabad
Ckp Financial Services Private Limited 2 38.98 19.49 1.32 1.20 Mumbai
Boi Merchant Bankers Limited 2 38.30 19.15 -2.56 13.67 Mumbai
Saffron Capital Advisors Private Limited 2 65.78 32.89 5.34 1.18 Mumbai
D And A Financial Services Private Limited 2 12.02 6.01 -3.14 0.97 New Delhi
Unicon Capital Services Private Limited 1 3.02 3.02 43.50 0.00
3Dimesnion Capital Services Limited 1 25.99 25.99 9.68 8.32 New Delhi
Cumulative Capital Private Limited 1 55.98 55.98 44.38 21.94 Mumbai
Asit C. Mehta Investment Interrmediates Limited 1 54.97 54.97 -17.00 1.64 Mumbai
Corporate Professionals Capital Private Limited 1 22.08 22.08 152.00 53.94 New Delhi
Kreo Capital Private Limited 1 11.44 11.44 13.15 20.21 Nagpur
First Call India Equity Advisors Private Limited 1 5.05 5.05 0.56 0.00 Mumbai
KJMC Corporate Advisors (India) Limited 1 21.00 21.00 24.88 0.00 Mumbai
Basan Financial Services Limited 1 3.50 3.50 26.00 0.00 Hyderabad
Pl Capital Markets Private Limited 1 35.52 35.52 -2.83 5.36 Mumbai
Nirbhay Capital Services Private Limited 1 38.40 38.40 -6.67 33.60 Ahmedabad
Bonanza Portfolio Limited 1 10.62 10.62 0.28 1.34 New Delhi
Karvy Investor Services Limited 1 3.58 3.58 6.88 0.00 Hyderabad
Smc Capitals Limited 1 42.48 42.48 -4.92 1.21 New Delhi
Tipsons Consultancy Services Private Limited 1 25.50 25.50 2.52 0.00 Ahmedabad
Chartered Finance Management Limited 1 10.23 10.23 3.81 2.39 Mumbai
Microsec Capital Limited 1 19.25 19.25 -10.91 0.00 Kolkata
Spa Capital Advisors Limited 1 6.00 6.00 -13.75 0.00 New Delhi
Skyline Financial Services Private Limited 1 13.87 13.87 20.00 0.00 New Delhi
Galactico Corporate Service Limited 1 10.83 10.83 -7.36 1.20 Nashik
Sundae Capital Advisors 1 69.54 69.54 6.49 2.70 New Delhi

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