ICICI Securities Limited

IIFL Capital Services Limited (formerly known as IIFL Securities Limited)

SEBI Registered Merchant Banker | Mainboard IPO

About IIFL Capital Services Limited (formerly known as IIFL Securities Limited)

  • Incorporation Year
  • 1996
  • Registration No
  • INM000010940
  • City
  • Mumbai

IPO Performance

IPO Track Record

IPO Listing Date Issue Size (₹ Cr) Subscription (x) IPO Price ₹ Listing Gain
AceVector(Snapdeal) 2026-10-05 420 4.93 32 28.32(-11.50%)
Orient Cables (India) Limited 2026-10-05 552 92.27 272 450.00(65.44%)
Elevate Campuses Limited 2026-09-30 2100 1.79 362 355.10(-1.91%)
Kanohar Electricals Limited 2026-09-16 1056 90.59 632 685.50(8.47%)
Karamtara Engineering Limited 2026-09-17 875 62.63 254 320.00(25.98%)
Glass Wall Systems (India) Limited 2026-09-16 428 81.65 182 194.00(6.59%)
Purple Style Labs Limited 2026-09-07 680 1.29 575 535.00(-6.96%)
Asset Reconstruction Company (India) Limited 2026-09-17 733 20.10 139 139.00(0.00%)
Gaja Alternative Asset Management Limited 2026-08-26 550 31.33 160 185.00(15.63%)
Horizon Industrial Parks Limited 2026-08-24 2600 1.45 60 60.00(0.00%)
Kusumgar Limited 2026-07-15 650 128.85 419 569.00(35.80%)
Molbio Diagnostics Limited 2026-08-17 940 70.26 807 980.00(21.44%)
LEAP India Limited 2026-08-14 2480 8.38 159 13.00(-91.82%)
Rentomojo Limited 2026-09-17 1256 72.88 404 482.45(19.42%)
National Stock Exchange of India Limited 2026-09-24 22562 5.71 1785 1,800.00(0.84%)
Moneyview Limited 2026-10-01 1092 98.46 34 55.00(61.76%)
Milky Mist Dairy Food Limited 2026-08-18 1553 56.12 140 165.00(17.86%)
Manipal Payment and Identity Solutions Limited 2026-09-17 805 1.42 339 330.00(-2.65%)
Laser Power & Infra Limited 2026-07-16 742 38.94 214 250.00(16.82%)

Year Wise IPO Listing

IPOs by Subscription

Less than 1x 0 (0%)
1x - 3x 4 (21.05%)
3x - 5x 1 (5.26%)
5x - 10x 2 (10.53%)
More than 10x 12 (63.16%)

IPOs by IPO Size

Less than ₹100 Cr 0 (0%)
₹100 - ₹250 Cr 0 (0%)
₹250 - ₹500 Cr 2 (10.53%)
₹500 - ₹1,000 Cr 9 (47.37%)
Above ₹1,000 Cr 8 (42.11%)

Upcoming IPOs of IIFL Capital Services Limited (formerly known as IIFL Securities Limited)

Why is the Merchant Banker Important in an IPO?

A merchant banker plays a very important role in IPO as it:

  • Ensures the IPO follows all legal and regulatory rules, so investors get correct and transparent information.
  • Helps decide the right IPO price based on the company’s financials and market conditions.
  • Reviews the company’s business, risks, and financial health before offering shares to the public.
  • Connects the company with investors and creates demand for the IPO in the market.
  • Manages the entire IPO process, from draft papers to allotment and listing.
IPO

Frequently Asked Questions

IIFL Capital Services Limited (formerly known as IIFL Securities Limited), as a lead manager, is a SEBI-registered merchant banker appointed by a company to plan, manage, and execute its IPO. They are responsible for ensuring the IPO follows all regulations and reaches investors smoothly.

The Lead Manager, like IIFL Capital Services Limited (formerly known as IIFL Securities Limited), plays a key role in an IPO by structuring the issue, ensuring SEBI compliance, marketing the IPO to investors, and managing the entire process from filing to stock market listing. In India, an IPO cannot be launched without appointing a SEBI-registered Lead Manager, like IIFL Capital Services Limited (formerly known as IIFL Securities Limited).

IIFL Capital Services Limited (formerly known as IIFL Securities Limited) , as the Lead Manager, is responsible for preparing the IPO prospectus (DRHP and RHP), conducting due diligence on the company, assisting in deciding the price band, and marketing the IPO to both institutional and retail investors. It also oversees the subscription process, share allotment, and final listing on the stock exchange.

IIFL Capital Services Limited (formerly known as IIFL Securities Limited) as a lead manager, only recommends the price band after analysing the company’s financials, industry valuations, and market conditions. The final decision is taken jointly with the company.

The Lead Manager ensures accurate and transparent disclosures, clear communication of risks to investors, and full compliance with SEBI regulations. Here, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), as the lead manager, also helps maintain a fair and orderly IPO process and is legally accountable for any misleading or incorrect information provided in the offer documents.

Yes. Mainboard IPOs often appoint multiple Lead Managers due to large issue sizes. SME IPOs appoint one Lead Manager.

A Book Running Lead Manager (BRLM) is the main Lead Manager who oversees the book-building process, collects bids from investors, and plays a crucial role in price discovery and share allocation during the IPO.

A reputed Lead Manager can improve investor confidence, attract institutional participation, and signal better due diligence. However, it does not guarantee listing gains or returns.

The Lead Manager’s name is disclosed in the IPO Prospectus (DRHP/RHP) and advertisements, BSE and NSE websites. For example, here the IIFL Capital Services Limited (formerly known as IIFL Securities Limited) acts as a lead manager, and you can check its details above.

No. After listing, the share price depends on Market demand and supply, Company performance and Overall market conditions. The Lead Manager’s role largely ends after listing.

Both play different but equally important roles. The Lead Manager manages and markets the IPO, pricing, and compliance, while the Registrar processes applications, allotment, refunds, and investor records.

No. A Lead Manager ensures a smooth and transparent IPO process, but listing gains depend on valuation, demand, and market sentiment.

Yes. In SME IPOs, the Lead Manager often also coordinates market making, which helps improve liquidity after listing. However, the choice of lead manager can be decided by the company.

Retail investors may look at the Number of IPOs handled, Experience in Mainboard or SME IPOs and Overall track record of the lead manager. This helps retail investors to assess credibility, not profitability.
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