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SEBI Registered Merchant Banker · Mainboard: 2
2
Total IPOs Managed
+25.0%
Avg Listing Gain
2
Mainboard IPOs
-
SME IPOs
Sundae Capital Advisors Private Limited was set up in December 2016 in New Delhi by finance professionals. It claims to be the first firm in India to hold both a SEBI Category I Merchant Banker registration and a Registered Valuer tag from the Insolvency and Bankruptcy Board of India (IBBI) for securities and financial assets — a dual registration that lets it handle valuation work alongside its banking mandates under one roof.
The firm's work spans IPO management, mergers and acquisitions, private equity, buybacks, open offers, delisting, rights issues, capital restructuring, startup advisory, and tax advisory. It serves both early-stage companies and larger corporates, though its bread and butter has largely been the SME IPO segment.
Its first IPO as sole lead manager was Proventus Agrocom Limited, a ₹69.50 crore issue on NSE Emerge in 2023. The MV Electrosystems mandate — a ₹290 crore mainboard issue — is among its more prominent assignments to date. The team is lean, with around 12 professionals on board.
Contact Details
Address: 3rd Floor, C-11, Community Centre, Janakpuri, New Delhi – 110058
Phone: +91 11 4914 9740
Email: [email protected]
Website: www.sundaecapital.com
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
Quadrant Future Tek IPO
Listed
|
Mainboard | ₹290.0 Cr | ₹290 | 186.66× | +27.6% | ||
MV Electrosystems IPO
Listed
|
Mainboard | ₹290.0 Cr | ₹425 | 200.66× | +22.4% |
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.
Sundae Capital Advisors Private Limited has managed 2 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.