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SEBI Registered Merchant Banker · Mainboard: 18
18
Total IPOs Managed
+8.5%
Avg Listing Gain
18
Mainboard IPOs
-
SME IPOs
Citigroup Global Markets India has been operating in Mumbai since 2000. It is the investment banking and capital markets arm of Citi in India — and being part of a bank that operates in over 160 countries means it brings global investor relationships to every deal it works on. That's not something a domestic firm can easily replicate.
The firm holds a SEBI Category-I Merchant Banker registration and covers corporate finance, equity and debt capital markets, trading, fixed income, foreign exchange, treasury management, and securities custodianship. A full-service operation, top to bottom.
The deal sizes tell the story. In 2024, the total value of Main Board IPOs managed by Citigroup Global Markets India came to around ₹52,807 crore. That's not volume — that's consistent presence in the largest transactions happening in the Indian market.
Clients range across pharmaceuticals, energy, retail, media, financial services, and government entities.
Contact Details
Address: 1202, 12th Floor, First International Financial Centre, G Block, BKC, Bandra East, Mumbai – 400051
Phone: +91-22-2631-9999
Email: [email protected]
Website: www.citibank.co.in
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
JSW Cement IPO
Listed
|
Mainboard | ₹3,600.0 Cr | ₹147 | 7.77× | +4.4% | ||
Anthem Biosciences IPO
Listed
|
Mainboard | ₹3,395.0 Cr | ₹570 | 63.86× | +26.9% | ||
Tata Capital IPO
Listed
|
Mainboard | ₹15,511.9 Cr | ₹326 | 1.95× | +1.2% | ||
Orkla India IPO
Listed
|
Mainboard | ₹1,667.3 Cr | ₹730 | 48.73× | +2.8% | ||
LG Electronics IPO
Listed
|
Mainboard | ₹11,604.7 Cr | ₹1,140 | 54.02× | +50.0% | ||
Lenskart Solutions IPO
Listed
|
Mainboard | ₹7,278.0 Cr | ₹402 | 28.26× | -1.7% | ||
Pine Labs IPO
Listed
|
Mainboard | ₹3,899.9 Cr | ₹221 | 2.46× | +9.5% | ||
Groww IPO
Listed
|
Mainboard | ₹6,632.3 Cr | ₹100 | 17.60× | +12.0% | ||
Tenneco Clean Air IPO
Listed
|
Mainboard | ₹3,600.0 Cr | ₹397 | 58.83× | +27.2% | ||
Schloss Bangalore IPO
Listed
|
Mainboard | ₹3,500.0 Cr | ₹435 | 4.50× | -6.7% | ||
Hexaware Technologies IPO
Listed
|
Mainboard | ₹8,750.0 Cr | ₹708 | 2.66× | +5.3% | ||
Ajax Engineering IPO
Listed
|
Mainboard | ₹1,268.9 Cr | ₹629 | 6.45× | -8.4% | ||
| Mainboard | - | - | - | - | - | - | |
Jio Platforms IPO
Soon
|
Mainboard | - | - | - | - | ||
| Mainboard | ₹22,562.0 Cr | ₹1,785 | 5.71× | - | |||
| Mainboard | - | - | - | - | - | - | |
PhonePe IPO
Soon
|
Mainboard | - | - | - | - | - | - |
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.
Citigroup Global Markets India Pvt.Ltd. has managed 18 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.
