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Merchant Banker Services

SEBI-Registered Merchant Banking for Capital Market Transactions

A merchant banker plays a central role in capital market transactions in India — from managing public issues and rights issues to advising on open offers, buybacks, and qualified institutional placements, all under the SEBI (Merchant Bankers) Regulations, 1992.

We assist companies in engaging and coordinating with SEBI-registered merchant bankers, and support the due diligence, documentation, and regulatory filing process required to take a capital market transaction from planning to completion.

Our Merchant Banker Services Services

IPO Lead Management

Coordinating the lead merchant banker function for initial public offerings, from planning through listing.

Rights Issue Management

Structuring and managing rights issues in compliance with SEBI ICDR regulations.

Open Offer & Takeover Advisory

Advisory support on open offers and takeovers under the SEBI Takeover Regulations.

Buyback of Shares Advisory

Structuring and compliance support for share buyback transactions.

QIP & Preferential Issue Management

Managing qualified institutional placements and preferential allotments.

Due Diligence & Regulatory Filings

Coordinating due diligence certification and filings with SEBI and stock exchanges.

Why Merchant Banker Services Matters

  • SEBI mandates a lead merchant banker for most public issues
  • Ensures compliance with SEBI ICDR regulations throughout the process
  • Coordinates with registrars, legal counsel, and auditors on a single timeline
  • Manages due diligence certification required by SEBI and stock exchanges
  • Oversees pricing, allotment, and disclosure compliance
  • Provides a single point of accountability for the issue process

Frequently Asked Questions

What is a merchant banker and what role do they play in an IPO?
A merchant banker is a SEBI-registered intermediary that manages public issues, coordinating due diligence, pricing, regulatory filings, and liaison with stock exchanges and regulators throughout the IPO process.
Is merchant banker registration mandatory for all public issues?
Yes, SEBI regulations require companies to appoint at least one SEBI-registered merchant banker as the lead manager for public issues such as IPOs, rights issues, and other specified capital market transactions.
What is the difference between Category I and other merchant bankers?
Category I merchant bankers are authorised to act as lead managers for issue management activities, while other categories have more limited permitted activities under SEBI's merchant banker regulations.
What due diligence does a merchant banker perform before an IPO?
Merchant bankers review the company's financials, legal and regulatory standing, business operations, and disclosures to certify the accuracy and completeness of the offer document filed with SEBI.
Do merchant bankers need to be involved in a rights issue?
Yes, SEBI regulations generally require companies undertaking a rights issue above specified thresholds to appoint a registered merchant banker to manage the issue.

Talk to Our Merchant Banker Services Team

From assessment to execution, we help you navigate merchant banker services with clarity and compliance.

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