SME IPO Merchant Banker Performance 2023

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Review SME IPO Lead Managers performance 2023 by comparing success and failure on the IPO listing day. The report shows the total number of SME IPOs that were handled with different lead managers, as well as the number of IPOs that were listed at a premium or discount.

Every SME company that goes public must first appoint a merchant banker or lead manager. The Lead Manager is the main intermediary who prepares and processes all key IPO documents such as DRHP and RHP, and ensures due diligence compliance. He also evaluates the IPO demand in the market and sets the IPO offer price. Therefore, selecting the right merchant banker/lead manager with a good profile and a solid track record is critical for a positive listing of SME shares.

The Role of Merchant Bankers at SME IPO

The report shows the performance of SME IPO lead managers, including the total number of SME IPOs managed by a merchant banker, total funds raised, average IPO issue size, and IPO listing day success (positive or negative). Here positive listing means IPO shares were listed at a price above the issue price and negative listing means IPO shares were listed at a price below the offer price.

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SME IPO Lead Manager Performance 2023

Lead-Manager	Total IPOs	Positive	Negative	Total Issue_Size(Rs Cr)	Avg Issue Size(Rs Cr)	Avg Listing Gain
Beeline Capital	21	21	0	538.22	25.63	24.52%
Hem Securities	20	20	0	578.97	28.95	56.05%
First Overseas Capital	13	12	1	400.24	30.79	6.43%
Shreni Shares	12	11	1	262.49	21.87	42.30%
Fedex Securities	9	7	2	138.45	15.38	16.11%
Gretex Corporate Services	9	7	2	253.79	28.20	39.35%
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Interactive Financial	8	6	2	175.54	21.94	1.93%
GYR Capital Advisors	8	8	0	203.64	25.46	100.80%
Aryaman Financial Services	7	6	1	161.21	23.03	6.96%
Narnolia Financial	6	6	0	217.27	36.21	29.58%
Share India Capital Services	6	6	0	103.93	17.32	43.16%
Khambatta Securities	6	6	0	89.12	14.85	37.77%
Swaraj shares and securities	5	4	1	105.02	21.00	32.88%
Finshore	5	3	2	69.26	13.85	25.94%
Unistone Capital	5	5	0	169.27	33.85	11.00%
Corporate Capital	4	4	0	200.86	50.22	105.74%
Indorient Financial	4	4	0	116.04	29.01	28.82%
Sarthi Capital Advisors	4	3	1	206.14	51.54	46.78%
Expert Global Consultants	3	3	0	94.20	31.40	23.13%
Holani Consultants	3	3	0	75.28	25.09	136.48%
Swastika Investmart	3	2	1	55.05	18.35	-4.00%
Pantomath Capital Advisors	3	3	0	86.15	28.72	52.97%
Srujan Alpha Capital Advisors	2	2	0	26.36	13.18	18.09%
Mark Corporate Advisors	2	2	0	107.85	53.92	0.82%
Horizon Management	2	1	1	90.21	45.10	-10.00%
Affinity Global	2	2	0	44.14	22.07	15.22%
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SME IPO Merchant Banker Performance 2023

SME IPO Lead Manager Performance 2023

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