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SEBI Registered Merchant Banker · Mainboard: 18
18
Total IPOs Managed
+10.9%
Avg Listing Gain
18
Mainboard IPOs
-
SME IPOs
Pantomath Capital is a powerhouse in the Indian mid-market segment, famously recognized for its leadership in the SME IPO space. Since its founding in 2013 by Mahavir Lunawat, the firm has evolved into a diversified financial conglomerate, managing everything from high-profile Mainboard listings to private equity and asset management. They are credited with revolutionizing the SME exchange in India, having lead-managed a record number of listings that helped smaller, family-run businesses scale into institutional players.
What truly defines Pantomath is its "on-the-ground" approach. They aren't just technical merchant bankers; they act as business partners, helping entrepreneurs professionalize their corporate governance and strategy long before the actual listing. With a vast network of thousands of corporate connects and a strong focus on "Make in India" initiatives, they have become the go-to firm for ambitious mid-market companies looking to unlock their true valuation in the public markets.
Contact Information
Main Office: Pantomath Nucleus House, Saki-Vihar Road, Andheri (East), Mumbai — 400072
South Mumbai Office: Ground Floor, Office No. 2 & 3, Maker Chambers VI, 220, Nariman Point, Mumbai — 400021
Phone: +91-22-6194 6700 / +91-83559 14623
Email: [email protected]
Website: www.pantomathgroup.com
SEBI Registration No: INM000012110
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
Highway Infrastructure IPO
Listed
|
Mainboard | ₹130.0 Cr | ₹70 | 300.61× | +64.3% | ||
Regaal Resources IPO
Listed
|
Mainboard | ₹306.0 Cr | ₹102 | 159.88× | +38.2% | ||
Vikran Engineering IPO
Listed
|
Mainboard | ₹772.0 Cr | ₹97 | 23.59× | +2.1% | ||
Dev Accelerator IPO
Listed
|
Mainboard | ₹143.4 Cr | ₹61 | 63.97× | +0.0% | ||
German Green Steel IPO
Listed
|
Mainboard | ₹303.9 Cr | ₹139 | 30.42× | +2.2% | ||
Manika Plastech IPO
Listed
|
Mainboard | ₹125.5 Cr | ₹43 | 29.46× | +0.0% | ||
Glottis IPO
Listed
|
Mainboard | ₹307.0 Cr | ₹129 | 2.05× | -34.9% | ||
Quality Power Electrical IPO
Listed
|
Mainboard | ₹858.7 Cr | ₹425 | 1.29× | +1.2% | ||
Ardee Industries IPO
Listed
|
Mainboard | ₹426.0 Cr | ₹53 | 138.83× | +35.9% | ||
Knack Packaging IPO
Listed
|
Mainboard | ₹439.0 Cr | ₹170 | 83.33× | +10.6% | ||
| Mainboard | - | - | - | - | - | - | |
| Mainboard | - | - | - | - | - | - | |
Cotec Healthcare IPO
Soon
|
Mainboard | - | - | - | - | - | - |
Renny Strips IPO
Soon
|
Mainboard | - | - | - | - | - | - |
| Mainboard | ₹22,562.0 Cr | ₹1,785 | 5.71× | - | |||
Vidya Wires IPO
Listed
|
Mainboard | ₹300.0 Cr | ₹52 | 28.05× | +0.0% | ||
| Mainboard | - | - | - | - | - | - | |
Oswal Cables IPO
Soon
|
Mainboard | - | - | - | - | - | - |
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.
Pantomath Capital Advisors 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.
