Emkay Global Financial Services Ltd.
IPOs where Emkay Global Financial Services Ltd. acted as a book-running lead manager, with each issue’s size and listing outcome.
Track record on ipostation
ipostation's database lists Emkay Global Financial Services Ltd. as a book-running lead manager on 4 IPOs: all of them mainboard issues. Bidding dates recorded here run from Aug 2026 to Sept 2026. Of these, 4 have listed. It shared every one of these mandates with at least one other lead manager.
Issue size is recorded for all 4 IPOs. They range from ₹301.62 Cr (Behari Lal Engineering) to ₹500 Cr (SS Retail), with a median of ₹381.81 Cr. The 4 listed issues with a recorded size total ₹1,565.24 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 4 listed issues: 4 above the issue price. The median change was +37.8%, from +3.2% (German Green Steel) to +60.7% (Behari Lal Engineering). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for all 4 issues whose bidding has closed. The median was 75.41x, ranging from 30.42x (German Green Steel) to 118.07x (Behari Lal Engineering).
Emkay Global Financial Services Ltd. has worked alongside 4 other lead managers on these issues. The co-managers, by number of shared issues:
- Systematix Corporate Services Ltd. — 2 shared issues
- Anand Rathi Advisors Ltd. — 1 shared issue
- Pantomath Capital Advisors Pvt.Ltd. — 1 shared issue
- Valmiki Leela Capital Pvt.Ltd. — 1 shared issue
IPOs with Emkay Global Financial Services Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| German Green Steel | Mainboard | Listed | 25 Sept 2026 | ₹303.9 Cr | ₹139 | 30.42x | +3.2% |
| SS Retail | Mainboard | Listed | 16 Sept 2026 | ₹500 Cr | ₹424 | 107.41x | +50.7% |
| Deepa Jewellers | Mainboard | Listed | 1 Sept 2026 | ₹459.72 Cr | ₹177 | 43.4x | +24.9% |
| Behari Lal Engineering | Mainboard | Listed | 12 Aug 2026 | ₹301.62 Cr | ₹285 | 118.07x | +60.7% |
Subscription is the final overall figure once bidding has closed; listing gain is the listing-day change against the issue price. “—” means not available.
What a book-running lead manager does
Under Regulation 23 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, an issuer must appoint one or more SEBI-registered merchant bankers, at least one of whom is a lead manager to the issue. When more than one merchant banker manages an issue, each one’s responsibilities for disclosures, allotment, refunds and underwriting are fixed in advance and set out in the draft offer document and the offer document.