Search IPOs
SEBI Registered Merchant Banker · Mainboard: 4
4
Total IPOs Managed
+4.5%
Avg Listing Gain
4
Mainboard IPOs
-
SME IPOs
PL Capital Markets Private Limited is a SEBI-registered merchant banker based in Mumbai. The firm is a wholly owned subsidiary of Prabhudas Lilladher Advisory Services Private Limited — a name that has been around Indian financial markets for over 80 years.
Their core work on the capital markets side is straightforward: they help companies go public. That means managing the IPO process end to end, from the initial filings through to listing on BSE or NSE. They handle both mainboard and SME IPOs, so they're not new to the mechanics of what a listing involves.
The broader Prabhudas Lilladher group serves clients across 200 cities in India, which gives PL Capital Markets a reasonably wide institutional base to draw on when bringing an issue to market.
Contact Details
Address: 3rd Floor, Sadhana House, 570, P. B. Marg, Worli, Mumbai – 400 018, Maharashtra
Phone: +91 22 6632 2221 / 22
Fax: +91 22 6632 2229
Email: [email protected]
Website: www.plindia.com
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
Laxmi India Finance IPO
Listed
|
Mainboard | ₹254.3 Cr | ₹158 | 1.87× | -13.0% | ||
A-One Steels IPO
Listed
|
Mainboard | ₹405.0 Cr | ₹405 | 12.23× | +12.4% | ||
Jain Resource Recycling IPO
Listed
|
Mainboard | ₹1,250.0 Cr | ₹232 | 15.90× | +14.3% | ||
Kay Jay Forgings IPO
Soon
|
Mainboard | - | ₹360.0 Cr | - | - | - | - |
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.
PL Capital Markets Private Limited has managed 4 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.