Lead Manager Performance

Q: Which Lead Managers are handling IPOs in 2025?

Some of the top actively tracking Lead Managers in 2025 include Ambit Pvt Ltd, Citigroup Global Markets India Pvt Ltd, ICICI Securities Ltd, Axis Bank Ltd, Jm Financial Ltd, GYR Capital Advisors Pvt Ltd, Pantomath Capital Advisors Pvt Ltd, Beeline Capital Advisors Pvt Ltd, Interactive Financial Services Ltd, Kotak Mahindra Capital Company Ltd. You can evaluate their positive vs negative listing success percentages on this page.

Q: Why check Lead Manager performance before investing in an IPO?

Lead Managers structure the IPO process and bring institutional investors. Reviewing their track record on listing gains gives insight into the quality of companies they bring to market and the potential post-listing stability.

Managed IPOs Performance 2025

Company Name	Total IPOs	Positive	% Positive	Negative	% Negative	% Avg Gain
Ambit Pvt Ltd	2	2	100%	0	0%	3.26%
Citigroup Global Markets India Pvt Ltd	14	11	79%	3	21%	13.49%
ICICI Securities Ltd	18	11	65%	6	35%	5.13%
Axis Bank Ltd	1	1	100%	0	0%	27.20%
Jm Financial Ltd	26	20	77%	6	23%	10.65%
GYR Capital Advisors Pvt Ltd	1	1	100%	0	0%	3.31%
Pantomath Capital Advisors Pvt Ltd	7	6	86%	1	14%	10.13%
Beeline Capital Advisors Pvt Ltd	3	3	100%	0	0%	8.93%
Interactive Financial Services Ltd	1	1	100%	0	0%	1.10%
Kotak Mahindra Capital Company Ltd	19	16	84%	3	16%	12.30%
Morgan Stanley India Company Pvt Ltd	9	7	78%	2	22%	20.88%
Bofa Securities India Ltd	4	3	75%	1	25%	19.07%
Avendus Capital Pvt Ltd	2	1	50%	1	50%	9.18%
Clsa India Pvt Ltd	3	2	67%	1	33%	7.12%
Unistone Capital Pvt Ltd	2	2	100%	0	0%	1.63%
Fedex Securities Pvt Ltd	1	1	100%	0	0%	17.65%
Axis Capital Ltd	20	16	84%	3	16%	12.52%
Elara Capital (India) Pvt Ltd	1	1	100%	0	0%	7.14%
JP Morgan India Pvt Ltd	10	9	90%	1	10%	18.04%
Equirus Capital Pvt Ltd	3	3	100%	0	0%	5.51%
Goldman Sachs (India) Securities Pvt Ltd	5	5	100%	0	0%	25.58%
SBI Capital Markets Ltd	15	11	79%	3	21%	7.39%
Intensive Fiscal Services Pvt Ltd	4	2	50%	2	50%	4.72%
Pl Capital Markets Pvt Ltd	2	1	50%	1	50%	0.64%
Motilal Oswal Investment Advisors Ltd	23	17	77%	5	23%	10.36%
Nuvama Wealth Management Ltd	13	9	69%	4	31%	7.08%
BOB Capital Markets Ltd	1	1	100%	0	0%	6.88%
HSBC Securities & Capital Markets Pvt Ltd	9	8	100%	0	0%	8.01%
Nomura Financial Advisory & Securities (India) Pvt Ltd	8	7	88%	1	12%	8.45%
Jefferies India Pvt Ltd	8	7	88%	1	12%	3.97%
Dam Capital Advisors Ltd	11	9	82%	2	18%	5.06%
HDFC Bank Ltd	4	3	75%	1	25%	6.68%
IDBI Capital Markets Services Ltd	2	1	100%	0	0%	5.00%
BNP Paribas	5	4	80%	1	20%	5.55%
Sundae Capital Advisors	1	1	100%	0	0%	27.59%
Smart Horizon Capital Advisors Pvt Ltd	1	0	0%	1	100%	-39.63%
Sarthi Capital Advisors Pvt Ltd	2	1	50%	1	50%	6.06%
Smc Capitals Ltd	1	1	100%	0	0%	10.54%
Arihant Capital Markets Ltd	1	1	100%	0	0%	5.96%
Nirbhay Capital Services Pvt Ltd	1	1	100%	0	0%	5.26%
Choice Capital Advisors Pvt Ltd	4	4	100%	0	0%	14.22%
Monarch Networth Capital Ltd	3	2	67%	1	33%	2.93%
IIFL Capital Services Ltd	27	19	70%	8	30%	10.39%
Systematix Corporate Services Ltd	4	3	75%	1	25%	0.29%
PhillipCapital India Pvt Ltd	1	1	100%	0	0%	1.81%
Ubs Securities India Pvt Ltd	3	3	100%	0	0%	11.58%
Sumedha Fiscal Services Ltd	1	1	100%	0	0%	38.24%
Mefcom Capital Markets Ltd	1	1	100%	0	0%	26.76%
Batlivala & Karani Securities India Pvt Ltd	1	1	100%	0	0%	2.27%
360 ONE WAM Ltd	1	1	100%	0	0%	0.31%
Anand Rathi Advisors Ltd	3	3	100%	0	0%	10.52%

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