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Year Wise Mainboard Merchant Bankers in India

Get detailed insights into year-wise Merchant Banker reviews with our comprehensive analysis of BRLMs (Book Running Lead Managers) for 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 excelled in facilitating IPOs, ensuring smooth execution, and delivering value to issuers and investors. Explore reviews of the best merchant bankers known for expertise in equity capital markets and regulatory compliance.

Merchant Banker	No of IPOs so far	Total funds raised (Cr.)	Avg IPO size (Cr.)	Avg Listing Gain (%)	Avg Subscription (X)	Location
ICICI Securities Limited	12	10,481.89	873.49	491.78	52.60	Mumbai	Connect
Kotak Mahindra Capital Company Limited	10	9,155.73	915.57	422.48	20.03	Mumbai	Connect
Axis Capital Limited	8	7,740.82	967.60	623.05	65.38	Mumbai	Connect
SBI Capital Markets Limited	7	12,176.96	1,739.57	396.50	28.69	Mumbai	Connect
Jm Financial Limited	6	11,836.91	1,972.82	528.53	23.14	Mumbai	Connect
Edelweiss Financial Services Limited	6	12,334.43	2,055.74	632.16	43.67	Mumbai	Connect
Citigroup Global Markets India Private Limited	5	5,982.14	1,196.43	529.01	38.84	Mumbai	Connect
Motilal Oswal Investment Advisors Limited	4	4,104.33	1,026.08	491.96	40.05	Mumbai	Connect
Bofa Securities India Limited	3	9,951.94	3,317.31	684.45	14.18	Mumbai	Connect
IIFL Securities Limited	3	1,941.67	647.22	328.85	68.54	Mumbai	Connect
Hsbc Securities & Capital Markets Private limited	2	8,231.79	4,115.90	216.45	13.85	Mumbai	Connect
Yes Bank Limited	2	1,512.50	756.25	482.45	72.93	Mumbai	Connect
Pnb Investment Services Limited	2	784.39	392.20	135.19	37.92	New Delhi	Connect
Jefferies India Private Limited	2	2,575.23	1,287.62	774.85	27.88	Mumbai	Connect
Hdfc Bank Limited	2	3,082.97	1,541.49	470.03	87.05	Mumbai	Connect
Dam Capital Advisors Limited (Formerly Idfc Securities Limited)	2	1,112.78	556.39	218.43	4.95	Mumbai	Connect
Axis Bank Limited	2	3,387.97	1,693.99	217.28	43.42	Ahmedabad	Connect
Smc Capitals Limited	1	1,243.43	1,243.43	1,069.20	51.22	New Delhi	Connect
Elara Capital (India) Private Limited	1	450.00	450.00	3.17	1.11	Mumbai	Connect
Deutsche Equities India Private Limited	1	6,056.79	6,056.79	297.65	10.48	Mumbai	Connect
J.P. Morgan India Private Limited	1	3,000.75	3,000.75	890.60	29.53	Mumbai	Connect
Clsa India Private Limited	1	1,112.50	1,112.50	461.90	1.86	Mumbai	Connect
Jm Morgan Stanley Private Limited	1	3,000.75	3,000.75	890.60	29.53	Mumbai	Connect
Centrum Capital Limited	1	239.12	239.12	10.07	2.66	Mumbai	Connect
Morgan Stanley India Company Private Limited	1	1,212.97	1,212.97	299.30	69.62	Mumbai	Connect
Bob Capital Markets Limited	1	70.00	70.00	45.40	1.21	Mumbai	Connect
Ambit Private Limited	1	130.41	130.41	18.43	54.88	Mumbai	Connect
Spark Capital Advisors (India) Private Limited	1	1,243.43	1,243.43	1,069.20	51.22	Chennai	Connect
Ubs Securities India Private Limited	1	6,056.79	6,056.79	297.65	10.48	Mumbai	Connect
Intensive Fiscal Services Private Limited	1	70.00	70.00	45.40	1.21	Mumbai	Connect

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Year Wise Mainboard Merchant Bankers in India

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