HSBC Securities & Capital Markets (India) Pvt.Ltd.
IPOs where HSBC Securities & Capital Markets (India) 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 HSBC Securities & Capital Markets (India) Pvt.Ltd. as a book-running lead manager on 10 IPOs: all of them mainboard issues. Bidding dates recorded here run from Jul 2026 to Oct 2026, and 3 issues have no bidding date recorded yet. Of these, 4 have listed, 3 are between scheduling and listing and 3 are at the draft-filing (announced) stage. It shared every one of these mandates with at least one other lead manager.
Issue size is recorded for 8 of the 10 IPOs. They range from ₹475.48 Cr (Sahajanand Medical Technologies) to ₹30,213 Cr (Jio Platforms), with a median of ₹5,006.17 Cr. The 4 listed issues with a recorded size total ₹39,175.62 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 +4.1%, from +0.8% (NSE) to +7.6% (Juniper Green Energy). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for all 6 issues whose bidding has closed. The median was 7.05x, ranging from 0.31x (Zetwerk) to 41.73x (SBI Funds Management).
Currently between scheduling and listing: Jio Platforms, Sahajanand Medical Technologies and Zetwerk.
HSBC Securities & Capital Markets (India) Pvt.Ltd. has worked alongside 25 other lead managers on these issues. The 5 most frequent, by number of shared issues:
- JM Financial Ltd. — 7 shared issues
- Axis Capital Ltd. — 6 shared issues
- Kotak Mahindra Capital Co.Ltd. — 6 shared issues
- ICICI Securities Ltd. — 5 shared issues
- BOFA Securities India Ltd. — 4 shared issues
IPOs with HSBC Securities & Capital Markets (India) Pvt.Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Avaada Electro | Mainboard | Announced | — | ₹1,600 Cr | — | — | — |
| PGP Glass | Mainboard | Announced | — | — | — | — | — |
| Zepto | Mainboard | Announced | — | — | — | — | — |
| Jio Platforms | Mainboard | Upcoming | 21 Oct 2026 | ₹30,213 Cr | ₹1,119 | — | — |
| Sahajanand Medical Technologies | Mainboard | Closed | 15 Oct 2026 | ₹475.48 Cr | ₹344 | 0.83x | — |
| Zetwerk | Mainboard | Closed | 15 Oct 2026 | ₹5,012.33 Cr | ₹151 | 0.31x | — |
| NSE | Mainboard | Listed | 17 Sept 2026 | ₹22,562.71 Cr | ₹1,785 | 5.71x | +0.8% |
| Juniper Green Energy | Mainboard | Listed | 30 Jul 2026 | ₹1,800 Cr | ₹225 | 8.38x | +7.6% |
| Cube Highways Trust InvIT | Mainboard | Listed | 22 Jul 2026 | ₹5,000 Cr | ₹152 | 9.35x | +2.0% |
| SBI Funds Management | Mainboard | Listed | 14 Jul 2026 | ₹9,812.91 Cr | ₹574 | 41.73x | +6.3% |
Subscription is the final overall figure once bidding has closed; listing gain is the listing-day change against the issue price. “—” means not available.
Year by year
| Bidding year | IPOs | Mainboard | SME | Total issue size | Median listing gain |
|---|---|---|---|---|---|
| 2026 | 7 | 7 | 0 | ₹74,876.43 Cr | +4.1% (4 listed) |
| Not yet scheduled | 3 | 3 | 0 | ₹1,600 Cr | — |
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.