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SEBI Registered Merchant Banker · SME: 1
1
Total IPOs Managed
+5.0%
Avg Listing Gain
-
Mainboard IPOs
1
SME IPOs
Grow House is a newer name in the merchant banking space — set up in 2022 in Ahmedabad — but it hasn't wasted time establishing itself. With a SEBI Category-I Merchant Banker registration in place, the firm is fully authorised to handle end-to-end capital market transactions, not just advisory work on the side.
The core focus is on helping small and mid-size companies go public and manage their capital market needs. Services cover IPOs, rights issues, buybacks, open offers, takeovers, corporate finance, and general advisory. The pitch is simple — one firm, one point of contact, full execution. No hand-holding clients to three different advisors for different pieces of the same deal.
The team is a mix of CAs, CSs, and MBAs who handle everything from regulatory filings to investor communication. They've already managed several SME IPO listings on BSE SME and NSE Emerge, with more in the pipeline. For RFBL Flexi Pack, they're stepping in as the Book Running Lead Manager — managing the entire public offer process.
Still building their track record, but moving in the right direction.
Contact Details
Office:
6th Floor, A-605/606, Privilon, B/H Iscon Temple,
Ambli-Bopal Road, S.G. Highway,
Ahmedabad — 380054, Gujarat
Phone: +91 79 3533 3682
Email: [email protected]
Website: growhousewealth.com
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
RFBL Flexi Pack IPO
Listed
|
SME | ₹35.0 Cr | ₹50 | 21.52× | +5.0% |
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.
GROW HOUSE WEALTH MANAGEMENT PRIVATE LIMITED has managed 1 IPO 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.