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SEBI Registered Merchant Banker · Mainboard: 7
7
Total IPOs Managed
+0.8%
Avg Listing Gain
7
Mainboard IPOs
-
SME IPOs
Avendus started in Mumbai in 1999. Today it operates across eleven cities in four countries — which, for a firm that began as a financial advisory outfit, is a reasonable measure of how far it has come.
The firm works across investment banking, institutional equities, wealth management, asset management, and credit solutions. Clients range from early-stage companies raising growth capital to large corporations and ultra-high-net-worth families managing generational wealth. Not many firms cover that entire range convincingly — Avendus largely does.
Cross-border M&A is where it has built a particularly strong reputation. Around 40 such deals closed over five years puts it in a small group of Indian advisors that can genuinely handle transactions with international moving parts.
On the capital markets side, it manages large Main Board IPOs, private equity syndication, and equity capital markets transactions — the kind of mandates that go to firms with real institutional relationships, not just paperwork capabilities.
A New York subsidiary handles M&A and PE syndication work for clients outside India, which keeps the firm relevant on both sides of cross-border deals.
Contact Details
Address: IL&FS Financial Centre, 6th Floor, C & D Quadrant, Bandra-Kurla Complex, Mumbai – 400051
Website: www.avendus.com
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
Lenskart Solutions IPO
Listed
|
Mainboard | ₹7,278.0 Cr | ₹402 | 28.26× | -1.7% | ||
| Mainboard | - | ₹3,000.0 Cr | - | - | - | - | |
LEAP India IPO
Listed
|
Mainboard | ₹2,480.0 Cr | ₹159 | 8.82× | +4.3% | ||
Symbiotec Pharmalab IPO
Listed
|
Mainboard | ₹1,757.0 Cr | ₹988 | 75.05× | +0.0% | ||
| Mainboard | ₹22,562.0 Cr | ₹1,785 | 5.71× | - | |||
SEDEMAC Mechatronics IPO
Listed
|
Mainboard | ₹1,087.0 Cr | ₹1,352 | 2.68× | +13.5% | ||
Amagi Media Labs IPO
Listed
|
Mainboard | ₹1,789.0 Cr | ₹361 | 30.22× | -11.9% |
A lead manager, also known as a merchant banker, is a SEBI-registered financial institution appointed by a company to manage its Initial Public Offering (IPO). The lead manager plays a central role in taking a company from the decision to go public all the way to its listing on BSE or NSE.
Key responsibilities of a lead manager include conducting due diligence on the issuer company, preparing the DRHP (Draft Red Herring Prospectus), filing documents with SEBI, setting the price band, managing the book building process, coordinating with stock exchanges, registrars, and bankers, and ensuring the IPO opens and closes smoothly.
The quality of the lead manager often influences investor confidence in the IPO. Reputed merchant bankers like SBI Capital, Axis Capital, IIFL, and others have a track record of managing successful listings. However, it is always advisable to evaluate the issuer company's fundamentals independently before applying to any IPO.
Disclaimer
IPO data shown on this page is for informational purposes only. Past performance of IPOs managed by a merchant banker does not guarantee future results. Always read the prospectus and consult a SEBI-registered financial advisor before investing.
A lead manager (merchant banker) is a SEBI-registered entity responsible for managing the entire IPO process — from due diligence and DRHP preparation, to filing with SEBI, setting the price band, managing book building, and coordinating the listing on BSE or NSE. They act as the primary intermediary between the issuer company and the investing public.
Avendus Capital Pvt.Ltd. has managed 7 IPOs tracked on IPORise. You can view the complete list, subscription data, and listing performance in the table above.
High subscription reflects investor demand, which is shaped by company fundamentals, valuation, grey market sentiment, and broader market conditions. A capable lead manager contributes to better price discovery and institutional interest. However, subscription numbers alone are not a reliable measure of lead manager quality — evaluate the issuer independently.
You can verify the SEBI registration of any merchant banker on the official SEBI website (sebi.gov.in) under the "Intermediaries/Market Infrastructure Institutions" section. All SEBI-registered merchant bankers are listed with their registration number, validity, and contact details.
