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IPO Merchant Banker Performance 2023

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Analyze IPO merchant banker performance for public issues launched in 2023. This report combines all mainline and SME IPOs.

Merchant banker plays a pivotal role in the success and failure of an IPO. This report helps you spot the number of public issues managed by each lead manager and compares how many IPOs were successful or listed in gains. By this, you can identify the best merchant banker.

IPO Lead Managers Performance 2023

Lead-Manager Total IPOs Positive Negative Total Issue_Size(Rs Cr) Avg Issue Size(Rs Cr) Avg Listing Gain
Beeline Capital21210538.2225.6324.52%
Hem Securities20200578.9728.9556.05%
ICICI Securities2018219,287.11964.3624.46%
Jm Financial1917225,979.661,367.3525.95%
Iifl Securities1513217,340.551,156.0423.10%
Axis Capital1413121,112.281,508.0224.27%

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First Overseas Capital14131553.2939.526.88%
Shreni Shares12111262.4921.8742.30%
Kotak Mahindra Capital1212021,144.171,762.0121.36%
Fedex Securities972138.4515.3816.11%
Gretex Corporate Services972253.7928.2039.35%
GYR Capital Advisors880203.6425.46100.80%
SBI Capital85311,670.211,458.7816.48%
Unistone Capital880641.7480.2214.21%
Aryaman Financial Services871641.2180.156.94%
Interactive Financial862175.5421.941.93%
Equirus Capital7615,077.68725.3816.52%
Motilal Oswal7616,103.51871.9313.10%
Khambatta Securities770410.3658.6237.18%
Pantomath Capital Advisors770883.61126.2353.29%
Narnolia Financial660217.2736.2129.58%
Citigroup Global Markets66012,658.962,109.8334.34%
Share India Capital Services660103.9317.3243.16%
Nuvama Wealth6604,506.77751.1333.24%
Dam Capital6515,943.56990.595.58%
Swaraj shares and securities541105.0221.0032.88%
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