Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.
IPOs where Marwadi Chandarana Intermediaries Brokers 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 Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. as a book-running lead manager on 4 IPOs: all of them SME issues. Bidding dates recorded here run from Jun 2026 to Sept 2026. Of these, 4 have listed. Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. was the only lead manager named on every one of them.
Issue size is recorded for all 4 IPOs. They range from ₹12.77 Cr (Vahh Chemicals) to ₹53.95 Cr (H.R. Hygiene Products), with a median of ₹26.34 Cr. The 4 listed issues with a recorded size total ₹119.39 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 +2.5%, from +0.1% (Core Integra Consulting) to +16.7% (Vahh Chemicals). 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 6.68x, ranging from 1.4x (Core Integra Consulting) to 87.17x (Vahh Chemicals).
IPOs with Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Core Integra Consulting | SME | Listed | 23 Sept 2026 | ₹21.99 Cr | ₹78 | 1.4x | +0.1% |
| H.R. Hygiene Products | SME | Listed | 29 Jul 2026 | ₹53.95 Cr | ₹88 | 6.65x | +2.3% |
| Shreedhar Spinners | SME | Listed | 23 Jun 2026 | ₹30.68 Cr | ₹53 | 6.7x | +2.6% |
| Vahh Chemicals | SME | Listed | 4 Jun 2026 | ₹12.77 Cr | ₹60 | 87.17x | +16.7% |
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. For SME issues, Chapter IX of the same regulations adds underwriting (Regulation 260) and post-listing market-making (Regulation 261) obligations that the lead manager must arrange.