Master Capital Services Ltd.
IPOs where Master Capital 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 Master Capital Services Ltd. as a book-running lead manager on 1 IPO: an SME issue. The dated issue opened for bidding in Jul 2026. It has listed. It shared every one of these mandates with at least one other lead manager.
Issue size is recorded for the one IPO. Happy Steels has an issue size of ₹25 Cr. The 1 listed issue with a recorded size total ₹25 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 1 listed issue: 1 above the issue price. Happy Steels listed at +3.0% against its issue price. These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for the one issue whose bidding has closed. Happy Steels was subscribed 77.81x overall.
Master Capital Services Ltd. has worked alongside 1 other lead manager on these issues. The co-manager, with the number of shared issues:
- Share India Capital Services Pvt.Ltd. — 1 shared issue
IPOs with Master Capital Services Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Happy Steels | SME | Listed | 9 Jul 2026 | ₹25 Cr | ₹66 | 77.81x | +3.0% |
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.