Holani Consultants Pvt.Ltd.
IPOs where Holani Consultants Pvt.Ltd. acted as a book-running lead manager, with each issue’s size and listing outcome.
Track record on ipostation
ipostation's database lists Holani Consultants Pvt.Ltd. as a book-running lead manager on 2 IPOs: all of them mainboard issues. Bidding dates recorded here run from Jun 2026 to Aug 2026. Of these, 2 have listed. It was the sole lead manager on 1 of the 2 and shared the mandate with other merchant bankers on the rest.
Issue size is recorded for both IPOs. They range from ₹165.16 Cr (Advit Jewels) to ₹582.8 Cr (Skyways Air), with a median of ₹373.98 Cr. The 2 listed issues with a recorded size total ₹747.96 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 2 listed issues: 1 above and 1 below the issue price. The median change was +12.9%, from -9.8% (Skyways Air) to +35.5% (Advit Jewels). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for both issues whose bidding has closed. The median was 141.94x, ranging from 71.25x (Skyways Air) to 212.63x (Advit Jewels).
Holani Consultants Pvt.Ltd. has worked alongside 2 other lead managers on these issues. The co-managers, by number of shared issues:
- Dolat Finserv Pvt.Ltd. — 1 shared issue
- Shannon Advisors Pvt.Ltd. — 1 shared issue
IPOs with Holani Consultants Pvt.Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Skyways Air | Mainboard | Listed | 24 Aug 2026 | ₹582.8 Cr | ₹138 | 71.25x | -9.8% |
| Advit Jewels | Mainboard | Listed | 23 Jun 2026 | ₹165.16 Cr | ₹138 | 212.63x | +35.5% |
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.