List of merchant bankers in India | Best IPO Lead Manager

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A lead manager is a SEBI registered entity who manages the IPO from end to end. They orchestrate the entire IPO process and coordinate with all the parties involved in the IPO from beginning to end.

A lead manager is also often referred to as a merchant banker or investment banker. Thus, you can also refer below for the list of investment bankers in India.

List of IPO Lead Managers in India

Lead Managers	Number of IPOs
ICICI Securities Limited	185
Axis Capital Limited	170
Kotak Mahindra Capital Company Limited	167
Hem Securities Limited	129
Jm Financial Limited	128
SBI Capital Markets Limited	116
Pantomath Capital Advisors Pvt Ltd	113
Iifl Securities Ltd	103
Aryaman Financial Services Limited	94
Citigroup Global Markets India Private Limited	74
Edelweiss Financial Services Ltd	73
Beeline Capital Advisors Pvt Ltd	58
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)	55
First Overseas Capital Limited	52
Oneview Corporate Advisors Pvt. Ltd.	50
Sarthi Capital Advisors Private Limited	50
Gretex Corporate Services Limited	50
Smart Horizon Capital Advisors Private Limited	50
Fedex Securities Pvt Ltd	48
Bofa Securities India Limited	47
Finshore Management Services Limited	47
J.P. Morgan India Private Limited	44
Motilal Oswal Investment Advisors Limited	41
Idbi Capital Market Services Limited	40
GYR Capital Advisors Private Limited	39
Morgan Stanley India Company Pvt Ltd	38
Nomura Financial Advisory And Securities (India) Pvt Ltd	36
Swastika Investmart Ltd	34
Inventure Merchant Banker Services Pvt Ltd	32
Hdfc Bank Limited	31
Keynote Financial Services Ltd	30
Axis Bank Limited	30
Equirus Capital Private Limited	28
Jefferies India Private Limited	27
Unistone Capital Pvt Ltd	27
Corporate Capitalventures Pvt Ltd	24
Anand Rathi Securities Limited	23
Hsbc Securities & Capital Markets Pvt Ltd	23
Interactive Financial Services Ltd	23
Credit Suisse Securities (India) Private Limited	23
Navigant Corporate Advisors Ltd	23
Nuvama Wealth Management Limited	22
Ubs Securities India Private Limited	19
Almondz Global Securities Limited	18
Yes Securities (India) Limited	18
Centrum Capital Limited	17
Clsa India Private Limited	17
Narnolia Financial Services Ltd	16
Uti Securities Ltd	16
Share India Capital Services Private Limited	16
Ambit Private Limited	16
Deutsche Equities India Private Limited	15
Intensive Fiscal Services Private Limited	15
Karvy Investor Services Limited	15
Holani Consultants Private Limited	15
Beeline Broking Ltd	15
Goldman Sachs (India) Securities Private Limited	15
Chartered Capital And Investment Limited	14
Yes Bank Limited	14
Expert Global Consultants Private Limited	14
Monarch Networth Capital Ltd	14
Fast Track Finsec Pvt Ltd	13
Idfc Bank Limited	13
Saffron Capital Advisors Private Limited	12
Corporate Strategic Allianz Ltd	12
Khambatta Securities Limited	12
Horizon Management Private Limited	12
Srei Capital Markets Ltd	11
Bob Capital Markets Limited	11
Ashika Capital Ltd	10
Mark Corporate Advisors Private Limited	10
Khandwala Securities Limited	9
Vivro Financial Services Private Limited	9
Isk Advisors Pvt Ltd	9
Choice Capital Advisors Pvt Ltd	9
Indorient Financial Services Ltd	9
Bnp Paribas	9
Swaraj shares and securities private limited	8
Il&Fs Investsmart Securities Ltd	8
Systematix Corporate Services Limited	8
Indian Overseas Bank	8
Jm Morgan Stanley Private Limited	7
Arihant Capital Markets Ltd	7
Iti Capital Ltd	7
Spa Capital Advisors Ltd	6
Elara Capital (India) Private Limited	6
Srujan Alpha Capital Advisors Llp	6
Allahabad Bank	5
D And A Financial Services Private Ltd	5
Pnb Investment Services Ltd	5
Collins Stewart Inga Private Limited	4
Inga Ventures Pvt Ltd	4
PL Capital Markets Private Limited	4
Comfort Securities Limited	4
Emkay Global Financial Services Ltd	4
Avendus Capital Pvt Ltd	4
Turnaround Corporate Advisors Private Limited	4
Smc Capitals Limited	4
Affinity Global Capital Market Private Limited	4
Haitong Securities India Private Limited	4