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SEBI Registered Merchant Banker · Mainboard: 6 · SME: 2
8
Total IPOs Managed
+8.6%
Avg Listing Gain
6
Mainboard IPOs
2
SME IPOs
JDA Capital Services Limited (Formerly Beeline Capital Advisors) started out as Beeline Broking Ltd. and has since reoriented itself as a full-service merchant banker. Based in Ahmedabad, it holds a SEBI Category-I registration and is run by promoters who have spent over two decades in capital markets — which, in this business, counts for a lot.
The firm's focus is squarely on SME IPOs. Over 70 companies have listed through Beeline on NSE and BSE. What's worth noting is that they don't hand off the work once the DRHP is filed — the team manages everything from initial structuring and due diligence to marketing and listing day, and stays on as financial advisor after the IPO closes.
Six of those SME-listed companies have since moved to the Main Board. That's the real scorecard.
Contact Details
Address: B/1311-1314, Shilp Corporate Park, Near Rajpath Club, Rajpath Rangoli Road, Sarkhej–Gandhinagar Hwy, Ahmedabad
Phone: 079-4840 7357
Email: [email protected]
Website: www.beelinemb.com
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
Amanta Healthcare IPO
Listed
|
Mainboard | ₹126.0 Cr | ₹126 | 82.61× | +7.1% | ||
Borana Weaves IPO
Listed
|
Mainboard | ₹144.9 Cr | ₹216 | 148.78× | +12.5% | ||
Kratikal Tech IPO
Listed
|
SME | ₹40.0 Cr | ₹135 | 220.71× | - | ||
Shah Investor's Home IPO
Closed
|
Mainboard | ₹90.0 Cr | ₹167 | 38.12× | - | ||
Om Power Transmission IPO
Listed
|
Mainboard | ₹150.0 Cr | ₹175 | 3.33× | +6.3% | ||
Punjab Carbonic IPO
Soon
|
Mainboard | - | - | - | - | - | - |
| Mainboard | - | - | - | - | - | - | |
| SME | ₹36.9 Cr | ₹90 | 376.90× | - |
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.
JDA Capital Services Limited (formerly Beeline Capital Advisors Pvt.Ltd.) has managed 8 IPOs tracked on IPORise, including 6 Mainboard and 2 SME IPOs. 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.
