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IPO lead managers and registrars

The NSE-listed IPOs each firm handled in a year, and how those issues traded on listing day and since, against the issue price.

Still reading 155 of 179 issues from NSE. The figures below leave those out; reload in a minute to include them.

Lead managers, 2024

16 lead managers across 22 issues. An issue with several lead managers counts once for each.

IPO lead managers 2024. Select a column heading to sort.
GYR Capital Advisors3 SME3+90.0%3 of 3−27.4%
Khandwala Securities3 SME30.0%1 of 3−71.7%
Expert Global Consultants2 SME2+62.4%2 of 2+68.4%
Horizon Management2 SME2−1.1%1 of 2−57.4%
Narnolia Financial Services2 SME2+0.1%1 of 2−57.5%
Unistone Capital2 SME2+3.8%1 of 2+332.9%
Beeline Capital Advisors1 SME1+90.0%1 of 1−34.0%
Cumulative Capital1 SME1+25.0%1 of 1+63.8%
Finshore Management Services1 SME1+90.0%1 of 1−48.2%
Hem Securities1 SME1+50.0%1 of 1+155.4%
Inventure Merchant Banking Services1 SME1−18.0%0 of 1−76.0%
Mark Corporate Advisors1 SME1+90.0%1 of 1−34.0%
Share India Capital Services1 SME1+90.0%1 of 1+249.3%
Socradamus Capital1 SME1+75.9%1 of 1−70.4%
Swastika Investmart1 SME1+3.3%1 of 1+178.0%
Vivro Financial Services1 SME1+90.0%1 of 1−2.7%

How to read this

Lead managers (book running lead managers) run the issue for the company: they help price it, prepare the offer documents and market it. The registrar processes applications, runs the allotment and credits shares.

The median listing-day gain is the middle value across that firm’s issues shown here. Firms with few issues can have very different medians by chance, and the figures do not measure the quality of a firm’s work.

Why are some issues missing?
We include issues listed on NSE that NSE still shows details for, with an issue price under ₹10,000 per share. Issues listed only on BSE are not included.
Why does one issue count for several lead managers?
Most mainboard issues have more than one lead manager, and the issue is counted once for each of them.

More in What an IPO is.

Source: NSE issue details (lead managers, registrar) and NSE prices for the listing day; latest price from Yahoo Finance, delayed. 22 of 179 issues listed in 2024; NSE had no details for 2; 155 still being read from NSE. Middle means median. Gains are against the issue price.

Registrars, 2024

Check allotment

The registrar handles applications and the allotment for an issue. 7 registrars across 22 issues.

IPO registrars 2024. Select a column heading to sort.
KFin Technologies7 SME7+25.0%4 of 7−46.2%
MUFG Intime5 SME5+90.0%5 of 5−2.7%
Bigshare Services4 SME4+43.0%4 of 4−29.2%
Purva Sharegistry2 SME2+41.6%2 of 2+89.1%
Skyline Financial Services2 SME2+3.4%1 of 2−68.4%
Maashitla Securities1 SME1+2.6%1 of 1−48.8%
MAS Services1 SME1−11.4%0 of 1−44.3%

Source: NSE issue details (lead managers, registrar) and NSE prices for the listing day; latest price from Yahoo Finance, delayed. 22 of 179 issues listed in 2024; NSE had no details for 2; 155 still being read from NSE. Middle means median. Gains are against the issue price.

Information only. A firm’s past issues say nothing about how a future issue will list, and this is not a rating of any firm.