Morgan Stanley India Co.Pvt.Ltd.
IPOs where Morgan Stanley India Co.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 Morgan Stanley India Co.Pvt.Ltd. as a book-running lead manager on 6 IPOs: all of them mainboard issues. Bidding dates recorded here run from Sept 2026 to Oct 2026, and 2 issues have no bidding date recorded yet. Of these, 2 have listed, 2 are between scheduling and listing and 2 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 4 of the 6 IPOs. They range from ₹2,100 Cr (Elevate Campuses) to ₹30,213 Cr (Jio Platforms), with a median of ₹13,787.52 Cr. The 2 listed issues with a recorded size total ₹24,662.71 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 -0.3%, from -1.5% (Elevate Campuses) to +0.8% (NSE). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for all 3 issues whose bidding has closed. The median was 3.1x, ranging from 1.89x (Elevate Campuses) to 5.71x (NSE).
Currently between scheduling and listing: Jio Platforms and Zetwerk.
Morgan Stanley India Co.Pvt.Ltd. has worked alongside 25 other lead managers on these issues. The 5 most frequent, by number of shared issues:
- JM Financial Ltd. — 6 shared issues
- Axis Capital Ltd. — 4 shared issues
- Goldman Sachs (India) Securities Pvt.Ltd. — 4 shared issues
- HSBC Securities & Capital Markets (India) Pvt.Ltd. — 4 shared issues
- IIFL Capital Services Ltd. — 4 shared issues
IPOs with Morgan Stanley India Co.Pvt.Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| PhonePe | Mainboard | Announced | — | — | — | — | — |
| Zepto | Mainboard | Announced | — | — | — | — | — |
| Jio Platforms | Mainboard | Upcoming | 21 Oct 2026 | ₹30,213 Cr | ₹1,119 | — | — |
| Zetwerk | Mainboard | Closed | 15 Oct 2026 | ₹5,012.33 Cr | ₹151 | 3.1x | — |
| Elevate Campuses | Mainboard | Listed | 23 Sept 2026 | ₹2,100 Cr | ₹362 | 1.89x | -1.5% |
| NSE | Mainboard | Listed | 17 Sept 2026 | ₹22,562.71 Cr | ₹1,785 | 5.71x | +0.8% |
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 | 4 | 4 | 0 | ₹59,888.04 Cr | -0.3% (2 listed) |
| Not yet scheduled | 2 | 2 | 0 | — | — |
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.