TNA Solutions IPO GMP Today ₹70 ▲ ₹10 (14.3%) Acme India Industries IPO GMP Today ₹196 ▲ ₹30 (15.3%) Jio Platforms IPO GMP Today ▲ ₹146 Nityas Gems & Jewellery IPO GMP Today ₹75 ▲ ₹1 (1.3%) Vishal Nirmiti IPO GMP Today ₹220 ▲ ₹5 (2.3%) Black Opal Consultants IPO GMP Today ₹197 ▲ ₹100 (50.8%) EverestIMS Technologies IPO GMP Today ₹85 ▲ ₹42 (49.4%) Vans Electroengineerings IPO GMP Today ₹118 ▲ ₹70 (59.3%) SRIT India IPO GMP Today ₹130 ▲ ₹51 (39.2%) Shah Investor's Home IPO GMP Today ₹167 ▲ ₹15 (9%) Acme Universal Safezone 9 IPO GMP Today ₹71 ▲ ₹12 (16.9%) Shivchem Agro IPO GMP Today ₹62 ▲ ₹2 (2.4%) TNA Solutions IPO GMP Today ₹70 ▲ ₹10 (14.3%) Acme India Industries IPO GMP Today ₹196 ▲ ₹30 (15.3%) Jio Platforms IPO GMP Today ▲ ₹146 Nityas Gems & Jewellery IPO GMP Today ₹75 ▲ ₹1 (1.3%) Vishal Nirmiti IPO GMP Today ₹220 ▲ ₹5 (2.3%) Black Opal Consultants IPO GMP Today ₹197 ▲ ₹100 (50.8%) EverestIMS Technologies IPO GMP Today ₹85 ▲ ₹42 (49.4%) Vans Electroengineerings IPO GMP Today ₹118 ▲ ₹70 (59.3%) SRIT India IPO GMP Today ₹130 ▲ ₹51 (39.2%) Shah Investor's Home IPO GMP Today ₹167 ▲ ₹15 (9%) Acme Universal Safezone 9 IPO GMP Today ₹71 ▲ ₹12 (16.9%) Shivchem Agro IPO GMP Today ₹62 ▲ ₹2 (2.4%)
Indorient Financial Services Ltd. logo

Indorient Financial Services Ltd.

Lead Manager 6 IPOs Managed

SEBI Registered Merchant Banker  ·  Mainboard: 1  ·  SME: 5

6

Total IPOs Managed

-

Avg Listing Gain

1

Mainboard IPOs

5

SME IPOs

About Indorient Financial Services Ltd.

Indorient Financial Services is a Mumbai-based merchant banking firm that has been around since 1993, making them quite a seasoned player in the Indian markets. While they handle various financial services, they’ve really found their stride as a dedicated guide for small and medium enterprises (SMEs). They are a familiar name on the NSE Emerge and BSE SME platforms, where they specialize in taking ambitious, often family-run businesses and turning them into publicly listed companies with a professional edge.

What sets them apart is their "high-touch" approach to advisory. They don't just treat an IPO as a series of regulatory filings; the team—led by veterans like Ivor Misquith—works closely with founders on the heavy lifting of business valuations, corporate restructuring, and long-term strategic planning. By blending traditional banking trust with modern, tech-driven reporting, Indorient helps mid-market companies navigate the complexities of SEBI compliance while building a roadmap for sustainable growth in the public eye.

Contact Information
Mumbai Office (Corporate): B/805, Rustomjee Central Park, Andheri Kurla Road, Chakala, Andheri (East), Mumbai — 400093
Delhi Office (Registered): Suit No. 116, First Floor, New Delhi House, 27 Barakhamba Road, New Delhi — 110001
Phone: +91-79772 12186 / +91-22-6849 5217
Email: [email protected] / [email protected]
Website: www.indorient.in
SEBI Registration No: INM000012661

IPOs Managed by Indorient Financial Services Ltd. (6 total)

IPO Segment Open Date Issue Size Issue Price Subscription Listing Gain Listing Date
SME ₹60.0 Cr ₹90 1.04× -
SME ₹39.1 Cr ₹54 5.08× -
SME ₹99.8 Cr ₹90 2.07× -
SME - - - - - -
Mainboard - ₹150.0 Cr - - - -
SME ₹81.0 Cr ₹104 0.79× -

What Does a Lead Manager Do in an IPO?

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.

Frequently Asked Questions

What is the role of a lead manager in an IPO?

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.

How many IPOs has Indorient Financial Services Ltd. managed?

Indorient Financial Services Ltd. has managed 6 IPOs tracked on IPORise, including 1 Mainboard and 5 SME IPOs. You can view the complete list, subscription data, and listing performance in the table above.

Is a high-subscription IPO always a sign of a good lead manager?

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.

How can I check the SEBI registration of a merchant banker?

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.