TNA Solutions IPO GMP Today ₹70 ▲ ₹10 (14.3%) Acme India Industries IPO GMP Today ₹196 ▲ ₹30 (15.3%) Jio Platforms IPO GMP Today ▲ ₹146 Nityas Gems & Jewellery IPO GMP Today ₹75 ▲ ₹1 (1.3%) Vishal Nirmiti IPO GMP Today ₹220 ▲ ₹5 (2.3%) Black Opal Consultants IPO GMP Today ₹197 ▲ ₹100 (50.8%) EverestIMS Technologies IPO GMP Today ₹85 ▲ ₹42 (49.4%) Vans Electroengineerings IPO GMP Today ₹118 ▲ ₹70 (59.3%) SRIT India IPO GMP Today ₹130 ▲ ₹51 (39.2%) Shah Investor's Home IPO GMP Today ₹167 ▲ ₹15 (9%) Acme Universal Safezone 9 IPO GMP Today ₹71 ▲ ₹12 (16.9%) Shivchem Agro IPO GMP Today ₹62 ▲ ₹2 (2.4%) TNA Solutions IPO GMP Today ₹70 ▲ ₹10 (14.3%) Acme India Industries IPO GMP Today ₹196 ▲ ₹30 (15.3%) Jio Platforms IPO GMP Today ▲ ₹146 Nityas Gems & Jewellery IPO GMP Today ₹75 ▲ ₹1 (1.3%) Vishal Nirmiti IPO GMP Today ₹220 ▲ ₹5 (2.3%) Black Opal Consultants IPO GMP Today ₹197 ▲ ₹100 (50.8%) EverestIMS Technologies IPO GMP Today ₹85 ▲ ₹42 (49.4%) Vans Electroengineerings IPO GMP Today ₹118 ▲ ₹70 (59.3%) SRIT India IPO GMP Today ₹130 ▲ ₹51 (39.2%) Shah Investor's Home IPO GMP Today ₹167 ▲ ₹15 (9%) Acme Universal Safezone 9 IPO GMP Today ₹71 ▲ ₹12 (16.9%) Shivchem Agro IPO GMP Today ₹62 ▲ ₹2 (2.4%)
SBI Capital Markets Ltd. logo

SBI Capital Markets Ltd.

Lead Manager 35 IPOs Managed Avg Listing +8.1%

SEBI Registered Merchant Banker  ·  Mainboard: 35

35

Total IPOs Managed

+8.1%

Avg Listing Gain

35

Mainboard IPOs

-

SME IPOs

About SBI Capital Markets Ltd.

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

IPOs Managed by SBI Capital Markets Ltd. (35 total)

IPO Segment Open Date Issue Size Issue Price Subscription Listing Gain Listing Date
NSDL IPO logo
NSDL IPO
Listed
Mainboard ₹4,011.0 Cr ₹800 41.01× -
Mainboard ₹3,600.0 Cr ₹147 7.77× +4.4%
Mainboard ₹708.0 Cr ₹148 1.58× +4.7%
Mainboard ₹490.0 Cr ₹351 65.01× +10.7%
Mainboard ₹813.1 Cr ₹423 68.13× +2.1%
Mainboard ₹839.3 Cr ₹496 71.92× +10.0%
Mainboard ₹15,511.9 Cr ₹326 1.95× +1.2%
Mainboard ₹1,326.1 Cr ₹266 9.74× +5.4%
Mainboard ₹1,377.5 Cr ₹485 103.90× +27.8%
Mainboard ₹2,516.0 Cr ₹106 2.29× +0.0%
Mainboard ₹828.0 Cr ₹228 2.14× -3.5%
Mainboard - ₹3,000.0 Cr - - - -
Mainboard - ₹3,000.0 Cr - - - -
Mainboard ₹3,500.0 Cr ₹435 4.50× -6.7%
Mainboard ₹2,150.0 Cr ₹90 41.30× +11.1%
Mainboard ₹1,268.9 Cr ₹629 6.45× -8.4%
Mainboard ₹698.1 Cr ₹428 114.42× +26.6%
Mainboard ₹3,812.1 Cr ₹485 72.37× +44.3%
Mainboard - - - - - -
Mainboard - - - - - -

What Does a Lead Manager Do in an IPO?

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.

Frequently Asked Questions

What is the role of a lead manager in an IPO?

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.

How many IPOs has SBI Capital Markets Ltd. managed?

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.

Is a high-subscription IPO always a sign of a good lead manager?

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.

How can I check the SEBI registration of a merchant banker?

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.