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SEBI Registered Merchant Banker · Mainboard: 1 · SME: 5
6
Total IPOs Managed
+1.7%
Avg Listing Gain
1
Mainboard IPOs
5
SME IPOs
Marwadi Chandarana is the result of two financial powerhouses coming together to create something far more agile than a traditional bank. While many firms focus on long-term holding, these guys are the masters of the "now." Operating out of Gujarat’s tech-forward GIFT City, they excel at high-speed trading and finding the narrow windows of opportunity that others might miss. They represent a new breed of Indian finance where old-school market intuition meets cutting-edge coding and automation.
Despite their heavy focus on algorithms and tech, they remain deeply rooted in the business community as Merchant Bankers. They take pride in being the bridge that helps growing companies enter the public markets with confidence. Essentially, they are the quiet, high-tech engine room of the market—keeping liquidity flowing while helping local businesses find their footing on the national stage.
Direct Contacts details
GIFT City Hub: Office 1201-1205, 12th Floor, X-Change Plaza, Gandhinagar, Gujarat – 382355.
Rajkot Base: Chandarana House, Dr. Radhakrishnan Road, Near Kathiyawad Gymkhana, Rajkot – 360001.
Phone: +91 281 6199100
Merchant Banking: [email protected]
Official Web: ib.marwadichandaranagroup.com
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
| SME | ₹22.0 Cr | ₹78 | 1.40× | +0.1% | |||
H.R. Hygiene Products IPO
Listed
|
SME | ₹54.0 Cr | ₹88 | 6.68× | +2.3% | ||
| Mainboard | - | - | - | - | - | - | |
Shreedhar Spinners IPO
Listed
|
SME | ₹31.0 Cr | ₹53 | 6.80× | +2.6% | ||
Vahh Chemicals IPO
Listed
|
SME | ₹13.0 Cr | ₹60 | 87.12× | - | ||
PAN HR Solutions IPO
Listed
|
SME | ₹17.0 Cr | ₹78 | 11.85× | - |
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.
Marwadi Chandarana Intermediaries Brokers Pvt.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.
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.
