Kotak Mahindra Capital Co.Ltd.
IPOs where Kotak Mahindra Capital Co.Ltd. acted as a book-running lead manager, with each issue’s size and listing outcome.
Track record on ipostation
ipostation's database lists Kotak Mahindra Capital Co.Ltd. as a book-running lead manager on 18 IPOs: all of them mainboard issues. Bidding dates recorded here run from Jul 2026 to Oct 2026, and 6 issues have no bidding date recorded yet. Of these, 10 have listed, 2 are between scheduling and listing and 6 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 15 of the 18 IPOs. They range from ₹939.7 Cr (Molbio Diagnostics) to ₹30,213 Cr (Jio Platforms), with a median of ₹3,750 Cr. The 10 listed issues with a recorded size total ₹58,977.8 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 10 listed issues: 10 above the issue price. The median change was +16.2%, from +0.8% (NSE) to +63.6% (Moneyview). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for all 10 issues whose bidding has closed. The median was 56x, ranging from 5.12x (Manipal Health Enterprises) to 102.28x (Shiprocket).
Currently between scheduling and listing: Jio Platforms and Zetwerk.
Kotak Mahindra Capital Co.Ltd. has worked alongside 29 other lead managers on these issues. The 5 most frequent, by number of shared issues:
- JM Financial Ltd. — 11 shared issues
- Axis Capital Ltd. — 10 shared issues
- Jefferies India Pvt.Ltd. — 7 shared issues
- HSBC Securities & Capital Markets (India) Pvt.Ltd. — 6 shared issues
- ICICI Securities Ltd. — 6 shared issues
IPOs with Kotak Mahindra Capital Co.Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Continuum Green Energy | Mainboard | Announced | — | ₹1,250 Cr | — | — | — |
| InCred | Mainboard | Announced | — | — | — | — | — |
| PhonePe | Mainboard | Announced | — | — | — | — | — |
| Razorpay | Mainboard | Announced | — | — | — | — | — |
| SAEL Industries | Mainboard | Announced | — | ₹3,750 Cr | — | — | — |
| Truhome Finance | Mainboard | Announced | — | ₹1,500 Cr | — | — | — |
| Jio Platforms | Mainboard | Upcoming | 21 Oct 2026 | ₹30,213 Cr | ₹1,119 | — | — |
| Zetwerk | Mainboard | Open | 15 Oct 2026 | ₹5,012.33 Cr | ₹151 | — | — |
| Moneyview | Mainboard | Listed | 24 Sept 2026 | ₹1,091.68 Cr | ₹34 | 101.87x | +63.6% |
| NSE | Mainboard | Listed | 17 Sept 2026 | ₹22,562.71 Cr | ₹1,785 | 5.71x | +0.8% |
| Shiprocket | Mainboard | Listed | 12 Aug 2026 | ₹1,617.48 Cr | ₹97 | 102.28x | +33.5% |
| Dhoot Transmission | Mainboard | Listed | 10 Aug 2026 | ₹3,066.89 Cr | ₹871 | 75.06x | +37.1% |
| Molbio Diagnostics | Mainboard | Listed | 10 Aug 2026 | ₹939.7 Cr | ₹807 | 70.27x | +21.4% |
| Juniper Green Energy | Mainboard | Listed | 30 Jul 2026 | ₹1,800 Cr | ₹225 | 8.38x | +7.6% |
| Manipal Health Enterprises | Mainboard | Listed | 29 Jul 2026 | ₹9,275.22 Cr | ₹590 | 5.12x | +11.0% |
| Indo-MIM | Mainboard | Listed | 23 Jul 2026 | ₹3,811.21 Cr | ₹485 | 72.37x | +45.0% |
| 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 | 12 | 12 | 0 | ₹94,203.13 Cr | +16.2% (10 listed) |
| Not yet scheduled | 6 | 6 | 0 | ₹6,500 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.