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SEBI Registered Merchant Banker · Mainboard: 10 · SME: 3
13
Total IPOs Managed
+15.3%
Avg Listing Gain
10
Mainboard IPOs
3
SME IPOs
Choice Capital Advisors is a SEBI Category-I Merchant Banker and a wholly owned subsidiary of Choice International Limited. Being part of a larger group matters here more than it might elsewhere — the Choice Group serves over 4 lakh clients, has more than 2,000 people on the ground, and operates across 88 countries. When it comes to marketing an IPO, that kind of distribution reach is hard to replicate from scratch.
The merchant banking desk handles IPO and FPO management, underwriting, syndication, capital restructuring, share repurchase advisory, and equity linked product structuring. It works across both Main Board and SME segments — not a firm that limits itself to one end of the market.
Two of its SME-listed companies have since moved to the Main Board, which is a reasonable signal of deal quality.
Contact Details
Address: Shree Shakambhari Corporate Park, Plot No. 156-158, Chakravarti Ashok Complex, J.B. Nagar, Andheri East, Mumbai – 400099
Website: www.choiceindia.com
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
| Mainboard | ₹360.1 Cr | ₹199 | 81.17× | +14.4% | |||
Shreeji Shipping Global IPO
Listed
|
Mainboard | ₹410.7 Cr | ₹252 | 58.10× | +7.1% | ||
| Mainboard | ₹400.9 Cr | ₹165 | 60.29× | +14.2% | |||
Maharaja & Speedex IPO
Listed
|
SME | ₹80.0 Cr | ₹186 | 32.41× | - | ||
Advance Agrolife IPO
Listed
|
Mainboard | ₹192.9 Cr | ₹100 | 56.85× | +14.0% | ||
Prostarm Info Systems IPO
Listed
|
Mainboard | ₹168.0 Cr | ₹105 | 97.20× | +14.3% | ||
Sotefin Bharat IPO
Listed
|
SME | ₹90.0 Cr | ₹187 | 3.92× | - | ||
Genxai Analytics IPO
Listed
|
SME | ₹55.0 Cr | ₹116 | 17.07× | -20.0% | ||
Sonaselection India IPO
Listed
|
Mainboard | ₹142.0 Cr | ₹99 | 2.01× | +3.3% | ||
| Mainboard | - | - | - | - | - | - | |
| Mainboard | ₹151.0 Cr | ₹134 | 176.85× | +75.4% | |||
Nityas Gems & Jewellery IPO
Closed
|
Mainboard | ₹108.0 Cr | ₹75 | 1.62× | - | ||
SRIT India IPO
Closed
|
Mainboard | ₹218.0 Cr | ₹130 | 125.16× | - |
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.
Choice Capital Advisors Pvt.Ltd. has managed 13 IPOs tracked on IPORise, including 10 Mainboard and 3 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.
