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SEBI Registered Merchant Banker · Mainboard: 5
5
Total IPOs Managed
+11.6%
Avg Listing Gain
5
Mainboard IPOs
-
SME IPOs
Sarthi Capital Advisors is a specialized financial firm that has made a name for itself as a dedicated guide for growing Indian companies. Since its start in 2012, the firm has focused on being more than just a merchant banker; they act as a "Sarthi" (chariot driver or mentor) for entrepreneurs navigating the complex world of capital markets. They are particularly known for their expertise in the SME sector, helping smaller businesses transition from private ownership to a public listing on the BSE SME and NSE Emerge platforms.
What sets them apart is their integrated approach. Beyond managing IPOs, they provide a full suite of services including corporate restructuring, business valuations, and debt syndication through their various group arms. With a strong presence in Mumbai, Delhi, and Chandigarh, the team at Sarthi works closely with business owners to professionalize their operations and build a roadmap for sustainable growth, making the daunting process of going public much more manageable for first-generation founders.
Contact Information
Mumbai Office: 401, 4th Floor, Manek Plaza, 167, Vidya Nagari Marg, Kalina, Santacruz (East), Mumbai — 400098
Delhi Office: 411, Pratap Bhawan, 5 Bahadur Shah Zafar Marg, New Delhi — 110002
Phone: +91-22-2652 8671 / +91-11-2373 9426
Email: [email protected] / [email protected]
Website: www.sarthi.in
SEBI Registration No: INM000012011
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
BMW Ventures IPO
Listed
|
Mainboard | ₹231.7 Cr | ₹99 | 1.50× | -21.2% | ||
| Mainboard | ₹199.5 Cr | ₹90 | 188.38× | +33.3% | |||
Matangi Rubber IPO
Soon
|
Mainboard | - | - | - | - | - | - |
Jindal Supreme (India) IPO
Listed
|
Mainboard | ₹125.0 Cr | ₹93 | 177.03× | +29.0% | ||
Gaudium IVF IPO
Listed
|
Mainboard | ₹165.0 Cr | ₹79 | 7.27× | +5.1% |
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.
Sarthi Capital Advisors Pvt.Ltd. has managed 5 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.
