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%)
JM Financial Ltd. logo

JM Financial Ltd.

Lead Manager 70 IPOs Managed Avg Listing +12.6%

SEBI Registered Merchant Banker  ·  Mainboard: 70

70

Total IPOs Managed

+12.6%

Avg Listing Gain

70

Mainboard IPOs

-

SME IPOs

About JM Financial Ltd.

JM Financial is a powerhouse in the Indian financial landscape, having built a reputation for reliability since its start in 1973. Rather than just being a bank, it operates as a full-scale financial hub, guiding businesses through complex mergers and helping individual investors grow their wealth. In the world of Indian capital markets, they are often the "behind-the-scenes" experts making massive IPOs and corporate deals happen.

Get in Touch
Headquarters: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025.
Phone: +91 22 6198 7777
Email: [email protected]
Web: www.jmfl.com

IPOs Managed by JM Financial Ltd. (70 total)

IPO Segment Open Date Issue Size Issue Price Subscription Listing Gain Listing Date
Mainboard ₹3,600.0 Cr ₹147 7.77× +4.4%
Mainboard ₹2,079.4 Cr ₹332 54.63× +1.8%
Mainboard ₹1,900.0 Cr ₹103 103.63× +57.5%
Mainboard ₹552.0 Cr ₹272 97.28× +65.4%
Mainboard ₹2,100.0 Cr ₹362 1.89× -1.9%
Mainboard ₹708.0 Cr ₹148 1.58× +4.7%
Mainboard ₹759.6 Cr ₹90 4.48× -9.9%
Mainboard ₹700.0 Cr ₹237 12.41× -8.9%
Mainboard ₹460.4 Cr ₹237 147.93× +49.8%
Mainboard ₹3,395.0 Cr ₹570 63.86× +26.9%
Mainboard ₹582.6 Cr ₹407 13.45× +6.9%
Mainboard ₹875.0 Cr ₹254 26.45× +26.0%
Mainboard ₹733.0 Cr ₹139 20.10× +0.0%
Mainboard ₹2,999.6 Cr ₹648 1.15× +0.3%
Mainboard ₹1,326.1 Cr ₹266 9.74× +5.4%
Mainboard ₹1,377.5 Cr ₹485 103.90× +27.8%
Mainboard ₹2,516.0 Cr ₹106 2.29× +0.0%
Mainboard ₹2,900.0 Cr ₹217 0.97× +0.0%
Mainboard ₹3,600.0 Cr ₹397 58.83× +27.2%
Mainboard ₹877.5 Cr ₹577 52.95× -0.9%

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 JM Financial Ltd. managed?

JM Financial Ltd. has managed 70 IPOs tracked on IPORise. 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.