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Top 10 Merchant Bankers in India 2016-17

Choosing a merchant banker is very important for the success of an IPO. A good merchant banker is well versed with the IPO strategies like valuation, pricing, timing, analyses and much more. The below list displays the top 10 merchant banks in India based on the number of IPOs handled by them and their success rate in terms of listing day performance.

Top 10 Merchant Bankers in India 2016-17

Merchant Banker No. of IPO handled SME IPOs Mainboard IPOs Positive Listing Negative Listing Average Gain (%)
SBI Capital Markets Limited60 (0%)6 (100%)4 (67%)2 (33%)23.76%
ICICI Securities Limited50 (0%)5 (100%)3 (60%)2 (40%)30.09%
Kotak Mahindra Capital Company Limited50 (0%)5 (100%)4 (80%)1 (20%)22.84%
Axis Capital Limited40 (0%)4 (100%)4 (100%)-47.00%
Edelweiss Financial Services Ltd40 (0%)4 (100%)3 (75%)1 (25%)44.36%
Jm Financial Limited30 (0%)3 (100%)2 (67%)1 (33%)34.67%
Bofa Securities India Limited20 (0%)2 (100%)1 (50%)1 (50%)-5.15%
Jefferies India Private Limited20 (0%)2 (100%)2 (100%)-22.46%
Citigroup Global Markets India Private Limited20 (0%)2 (100%)2 (100%)-24.74%
Motilal Oswal Investment Advisors Limited20 (0%)2 (100%)2 (100%)-73.48%

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