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SEBI Registered Merchant Banker · Mainboard: 1
1
Total IPOs Managed
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Avg Listing Gain
1
Mainboard IPOs
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SME IPOs
Swaraj Shares & Securities Private Limited has been around since 2000, founded by Mr. Ravi Shankar Agarwal and Mr. Raj Agarwal. Over the past two-plus decades, the firm has built its presence across merchant banking, corporate advisory, and capital markets — with a particular focus on helping SME companies go public on BSE SME and NSE Emerge platforms.
It holds a SEBI Category I Merchant Banker registration, which is the highest category for merchant bankers in India. The firm manages assets upward of ₹170 crores and works with 400+ clients across the country, serving both individual investors and corporates.
On the IPO side, Swaraj Shares handles the full process — from filing the draft prospectus to listing — acting as Book Running Lead Manager for its client companies. It has managed several SME IPOs across sectors, and its work spans advisory, fundraising strategy, and ongoing capital market support.
Contact Details
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
| 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.
Swaraj Shares & Securities Private Limited has managed 1 IPO 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.
