Search IPOs
SEBI Registered Merchant Banker · Mainboard: 13
13
Total IPOs Managed
+15.8%
Avg Listing Gain
13
Mainboard IPOs
-
SME IPOs
Systematix Corporate Services Ltd has been around since 1985. Not many financial firms in India can say that. They've seen liberalization, multiple market crashes, regulatory overhauls, and the entire digital transformation of capital markets — and they're still at it.
They started out as Systematix Consultancy Services Limited, went public, and renamed themselves Systematix Corporate Services Limited in 1993. Today they hold a Category I Merchant Banker registration with SEBI — the top tier, which qualifies them to manage public issues, rights issues, and large capital market transactions.
On the merchant banking side, they handle the full range: IPOs, follow-on offers, open offers, buy-backs, delistings, equity and debt placements, valuations, ESOP structuring, and general corporate advisory. They also do margin funding and financing against shares through their lending arm.
Their client list is broad — FIIs, domestic institutions, insurance companies, corporates, HNIs, and retail investors. Over 60,000 registered clients across that mix. It's not a boutique operation.
A few deals worth knowing: they were the Book Running Lead Manager for Exicom Tele-Systems' ₹500 crore IPO — India's largest EV charging company at the time. They've also managed 4 QIPs, including a ₹3,300 crore raise for Swan Energy, which was among the largest private sector QIPs done in the country.
Across the broader Systematix Group, they operate from 485 locations, with main offices in Mumbai, Delhi, Lucknow, Jaipur, Indore, and Ujjain.
Contact Details
Systematix Corporate Services Ltd Plot No. C-70, G Block Bandra Kurla Complex, Mumbai
Phone: +91 44 2661 2181 Fax: +91 44 2661 2190 Email: [email protected] Website: www.systematixgroup.in
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
Mangal Electrical IPO
Listed
|
Mainboard | ₹400.0 Cr | ₹561 | 9.46× | -0.9% | ||
Vikran Engineering IPO
Listed
|
Mainboard | ₹772.0 Cr | ₹97 | 23.59× | +2.1% | ||
German Green Steel IPO
Listed
|
Mainboard | ₹303.9 Cr | ₹139 | 30.42× | +2.2% | ||
Acevector IPO
Listed
|
Mainboard | ₹420.0 Cr | ₹32 | 5.07× | -11.5% | ||
Jaro Institute IPO
Listed
|
Mainboard | ₹450.0 Cr | ₹890 | 22.06× | +0.0% | ||
ESDS Software Solution IPO
Listed
|
Mainboard | ₹720.0 Cr | ₹429 | 142.86× | +76.5% | ||
Indogulf Cropsciences IPO
Listed
|
Mainboard | ₹200.0 Cr | ₹111 | 25.98× | +0.0% | ||
Behari Lal Engineering IPO
Listed
|
Mainboard | ₹302.0 Cr | ₹285 | 118.07× | +63.2% | ||
| Mainboard | - | ₹0.0 Cr | - | - | - | - | |
Knack Packaging IPO
Listed
|
Mainboard | ₹439.0 Cr | ₹170 | 83.33× | +10.6% | ||
| Mainboard | - | - | - | - | - | - | |
| Mainboard | - | ₹600.0 Cr | - | - | - | - | |
Cosmic PV Power IPO
Soon
|
Mainboard | - | ₹640.0 Cr | - | - | - | - |
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.
Systematix Corporate Services Limited has managed 13 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.
