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Mainline IPO Merchant Banker Performance 2023

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This report analyzes merchant banker/lead managers' performance 2023 for all mainline IPOs at BSE and NSE.

Merchant bankers or lead managers are SEBI-registered financial institutions that assist the issuer company throughout the IPO journey. The IPO process starts with the appointment of a merchant banker who does everything from due diligence assessment to IPO draft offer document preparation, business valuation, pricing the issue, marketing, investor roadshows, and much more.

Analyze and compare the merchant banker performance 2023 by total number of IPO issues managed by each lead manager, total funds raised, average issue size, number of IPOs listed in gains or losses, and average listing gains. So, the list will help you identify the best merchant banker who handled the highest number of public issues.

IPO Lead Managers Performance 2023

Lead-Manager Total IPOs Positive Negative Total Issue_Size(Rs Cr) Avg Issue Size(Rs Cr) Avg Listing Gain
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%
Kotak Mahindra Capital1212021,144.171,762.0121.36%
SBI Capital85311,670.211,458.7816.48%

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Motilal Oswal7616,103.51871.9313.10%
Equirus Capital7615,077.68725.3816.52%
Citigroup Global Markets66012,658.962,109.8334.34%
Nuvama Wealth6604,506.77751.1333.24%
Dam Capital6515,943.56990.595.58%
J.P. Morgan55010,948.072,189.618.03%
Pantomath Capital Advisors440797.46199.3653.53%
Ambit3302,291.55763.8521.15%
Unistone Capital330472.47157.4919.56%
Hsbc Securities3307,964.012,654.6712.39%
Bnp Paribas3213,172.261,057.4226.90%
Bob Capital Markets2112,695.611,347.8025.38%
Hdfc Bank2111,746.40873.20-0.73%
Anand Rathi2111,140.00570.0015.92%
Jefferies2205,877.362,938.6820.92%
Nomura2201,355.33677.660.00%
Bofa Securities2206,242.513,121.2671.50%
Iti Capital101400.00400.00-5.56%
Morgan Stanley1103,200.003,200.003.00%
Choice Capital Advisors110308.88308.8866.67%
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