Merchant bankers play a crucial role in the IPO process in India, serving as financial advisors and facilitators for companies looking to go public. They help businesses with IPO preparation, including due diligence, document filing, and pricing. IPO advisors guide companies on valuation, structuring, and navigating regulatory approvals. Merchant bankers are appointed by companies to manage the IPO process, ensuring compliance with SEBI regulations. They act as intermediaries between the issuer and investors. Multiple merchant bankers are often involved in an IPO, serving as Book Running Lead Managers (BRLMs) to ensure successful listing and capital raising. Below is a list of merchant bankers in mainboard IPOs, showcasing their role in facilitating smooth IPO execution.
A merchant banker, as per SEBI (Securities and Exchange Board of India), helps businesses to raise money from the market. They manage tasks like issuing shares, handling IPOs, and provide advice on mergers and financial restructuring. SEBI has registered and authorized merchant bankers to ensure they follow proper rules and protect investors. They act as financial experts and middlemen between companies and investors.
In an IPO, a merchant banker assists a company go public. They handle the IPO process and follow all the IPO regulations laid by SEBI. Without them, a company can't launch an IPO.
Merchant Banker List for Mainboard IPO includes
• ICICI Securities
• Kotak Mahindra Capital
• Dam Capital Advisors
• JM Financial
• Axis Capital
Yes, a merchant banker is required for an Mainboard IPO. Even though SME IPOs are smaller in size, SEBI regulations require a mandatory appointment of registered merchant banker to carry out the IPO procedure. They help the company prepare all documents, get approvals, assist in IPO valuation and henceforth IPO price.Choosing the best merchant banker by performance is crucial for a successful fund raise through IPO
BRLM (Book running Lead Managers) manages and enables the listing of the company on stock exchanges of India. They have to work closely with other intermediaries like Bankers, Advisors and Registrar and Transfer Agents. IPOplatform provides the list of merchant bankers and analyse their performance basis IPO subscription, listing gains and successful IPO. Merchant Bankers differ for SME IPO and Mainboard IPO
List of Mainboard IPO Merchant Bankers in India
There are two main categories of Book Running Lead Managers as approved by SEBI based on their net worth and activities.
Category I Merchant banker: They must have required minimum net worth of Rs. 5 crores to operate in this category. They manage the entire IPO Process including Pre IPO and Post Issue activities, underwriting, portfolio management, and advisory services.
Year Wise Mainboard IPO Merchant Bankers Review
Category II Merchant banker: They must have minimum net worth of Rs. 50 Lakh to operate in this category. They act as co-managers of the Issue, advisors, consultants and underwriters. They cannot manage the entire IPO Process they can co-manage the process but cannot lead the Issue.
Underwriting is not compulsory in Mainboard IPO. Issuer companies may choose to have their Issue underwritten or not in case of Mainboard IPOs. If the Issue is not fully subscribed, it may still proceed without underwriting support as long as the minimum subscription requirement is fulfilled. Check the performance of Merchant Bankers in Mainboard IPO by IPO subscription levels
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