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SEBI Registered Merchant Banker · Mainboard: 1 · SME: 1
2
Total IPOs Managed
-4.4%
Avg Listing Gain
1
Mainboard IPOs
1
SME IPOs
Incorporated in 2014, BOI Merchant Bankers Limited operates as a wholly owned subsidiary of the state-run Bank of India. Functioning as a SEBI-registered Category-I Merchant Banker, the Mumbai-headquartered firm serves as a reliable public market bridge for both public sector undertakings and private enterprises.
Led by Managing Director Ripal Tandel, the firm specializes in a wide spectrum of investment banking operations. It primarily serves as a Book Running Lead Manager for Initial Public Offerings (IPOs), alongside offering specialized advisory services in project appraisal, debt syndication, mergers and acquisitions (M&A), and corporate restructuring.
Contact Information
Corporate Office: Bank of India Building, 2nd Floor, 70-80 M.G. Road, Fort, Mumbai - 400001, Maharashtra, India
Registered Office: Star House, C-5, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India
Phone Number: +91 22 6904 2633
Primary Email: [email protected]
Official Website: www.boimb.com
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
Aastha Spintex IPO
Listed
|
Mainboard | ₹170.0 Cr | ₹136 | 4.64× | -4.4% | ||
| SME | - | - | - | - | - | - |
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.
BOI Merchant Bankers Limited has managed 2 IPOs tracked on IPORise, including 1 Mainboard and 1 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.
