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SEBI Registered Merchant Banker · Mainboard: 11
11
Total IPOs Managed
+26.6%
Avg Listing Gain
11
Mainboard IPOs
-
SME IPOs
BofA Securities India Ltd — previously called DSP Merrill Lynch Limited — has been around since 1975. It's a Mumbai-based arm of Bank of America and covers pretty much the full range: equity trading, futures & options, debt and equity capital markets, M&A advisory, and research. The firm is registered with SEBI as a stock broker, research analyst, and merchant banker, and trades on both NSE and BSE. Revenue crossed ₹500 crore in FY2024, and EBITDA nearly doubled year-on-year. Not a household name for retail investors, but a significant player in institutional finance.
Contact Details
Address: Ground Floor, A-Wing, One BKC, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051
Phone: +91 22 6632 8000
Compliance Officer: Shervin Purohit — [email protected]
Broking Grievances: [email protected]
Research Grievances: [email protected]
Merchant Banking: [email protected]
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
LG Electronics IPO
Listed
|
Mainboard | ₹11,604.7 Cr | ₹1,140 | 54.02× | +50.0% | ||
HDB Financial IPO
Listed
|
Mainboard | ₹12,500.0 Cr | ₹740 | 16.69× | +12.8% | ||
Schloss Bangalore IPO
Listed
|
Mainboard | ₹3,500.0 Cr | ₹435 | 4.50× | -6.7% | ||
Shiprocket IPO
Listed
|
Mainboard | ₹1,617.6 Cr | ₹97 | 102.28× | +35.1% | ||
Paras Healthcare IPO
Soon
|
Mainboard | - | ₹1,800.0 Cr | - | - | - | - |
PGP Glass IPO
Soon
|
Mainboard | - | - | - | - | - | - |
Avaada Electro IPO
Soon
|
Mainboard | - | - | - | - | - | - |
Hero Fincorp IPO
Soon
|
Mainboard | - | ₹3,668.0 Cr | - | - | - | - |
Jio Platforms IPO
Soon
|
Mainboard | - | - | - | - | ||
Moneyview IPO
Listed
|
Mainboard | ₹1,092.0 Cr | ₹34 | 26.30× | +61.8% | ||
SBI Funds Management IPO
Listed
|
Mainboard | ₹11,692.9 Cr | ₹574 | 41.73× | +6.9% |
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.
BOFA Securities India Ltd. has managed 11 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.