SEBI Registered Merchant Banker · Mainboard: 35
35
Total IPOs Managed
+8.1%
Avg Listing Gain
35
Mainboard IPOs
-
SME IPOs
SBI Capital Markets, or SBICAPS as it’s known in the industry, is essentially the investment banking powerhouse behind the State Bank of India. Since its founding in 1986, it has become a cornerstone of the Indian financial system. While many firms focus on smaller deals, SBICAPS is usually the one called in for the "big ones"—massive government disinvestments, major infrastructure projects, and complex mergers that shape the national economy.
What makes them feel different from a typical Wall Street-style firm is the sense of stability and public trust they carry from their parent bank. They don’t just handle IPOs; they are masters of project advisory and structured finance, helping bridge the gap between ambitious industrial goals and the capital needed to reach them. Whether it’s energy, transport, or telecommunications, their team provides a level of technical depth and regulatory expertise that has made them a go-to partner for both the Indian government and major private corporations for nearly four decades.
Contact Information
Corporate Office: Unit No. 1501, 15th Floor, A & B Wing, Parinee Crescenzo Building, G Block, Bandra Kurla Complex (BKC), Bandra (East), Mumbai — 400051
Registered Office: 202, Maker Tower 'E', Cuffe Parade, Mumbai — 400005
Phone: +91-22-4196 8300
Email: [email protected]
Website: www.sbicaps.com
SEBI Registration No: INM000003531
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
NSDL IPO
Listed
|
Mainboard | ₹4,011.0 Cr | ₹800 | 41.01× | - | ||
JSW Cement IPO
Listed
|
Mainboard | ₹3,600.0 Cr | ₹147 | 7.77× | +4.4% | ||
Varmora Granito IPO
Listed
|
Mainboard | ₹708.0 Cr | ₹148 | 1.58× | +4.7% | ||
| Mainboard | ₹490.0 Cr | ₹351 | 65.01× | +10.7% | |||
Seshaasai Technologies IPO
Listed
|
Mainboard | ₹813.1 Cr | ₹423 | 68.13× | +2.1% | ||
Trualt Bioenergy IPO
Listed
|
Mainboard | ₹839.3 Cr | ₹496 | 71.92× | +10.0% | ||
Tata Capital IPO
Listed
|
Mainboard | ₹15,511.9 Cr | ₹326 | 1.95× | +1.2% | ||
Canara Robeco IPO
Listed
|
Mainboard | ₹1,326.1 Cr | ₹266 | 9.74× | +5.4% | ||
|
Rubicon Research IPO
Listed
|
Mainboard | ₹1,377.5 Cr | ₹485 | 103.90× | +27.8% | ||
Canara HSBC Life IPO
Listed
|
Mainboard | ₹2,516.0 Cr | ₹106 | 2.29× | +0.0% | ||
Fujiyama Power Systems IPO
Listed
|
Mainboard | ₹828.0 Cr | ₹228 | 2.14× | -3.5% | ||
| Mainboard | - | ₹3,000.0 Cr | - | - | - | - | |
Muthoot FinCorp IPO
Soon
|
Mainboard | - | ₹3,000.0 Cr | - | - | - | - |
Schloss Bangalore IPO
Listed
|
Mainboard | ₹3,500.0 Cr | ₹435 | 4.50× | -6.7% | ||
Belrise Industries IPO
Listed
|
Mainboard | ₹2,150.0 Cr | ₹90 | 41.30× | +11.1% | ||
Ajax Engineering IPO
Listed
|
Mainboard | ₹1,268.9 Cr | ₹629 | 6.45× | -8.4% | ||
Laxmi Dental IPO
Listed
|
Mainboard | ₹698.1 Cr | ₹428 | 114.42× | +26.6% | ||
Indo-MIM IPO
Listed
|
Mainboard | ₹3,812.1 Cr | ₹485 | 72.37× | +44.3% | ||
| Mainboard | - | - | - | - | - | - | |
PGP Glass 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.
SBI Capital Markets Ltd. has managed 35 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.