Motilal Oswal Investment Advisors Ltd.
IPOs where Motilal Oswal Investment Advisors Ltd. acted as a book-running lead manager, with each issue’s size and listing outcome.
Track record on ipostation
ipostation's database lists Motilal Oswal Investment Advisors Ltd. as a book-running lead manager on 21 IPOs: all of them mainboard issues. Bidding dates recorded here run from Jun 2026 to Oct 2026, and 5 issues have no bidding date recorded yet. Of these, 14 have listed, 2 are between scheduling and listing and 5 are at the draft-filing (announced) stage. It was the sole lead manager on 1 of the 21 and shared the mandate with other merchant bankers on the rest.
Issue size is recorded for 18 of the 21 IPOs. They range from ₹427.14 Cr (LCC Projects) to ₹22,562.71 Cr (NSE), with a median of ₹853.84 Cr. The 14 listed issues with a recorded size total ₹42,777.85 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 14 listed issues: 11 above and 3 below the issue price. The median change was +13.5%, from -10.4% (Turtlemint Fintech Solutions) to +43.4% (CMR Green Technologies). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for all 15 issues whose bidding has closed. The median was 70.27x, ranging from 1.24x (Turtlemint Fintech Solutions) to 135.8x (Kusumgar).
Currently between scheduling and listing: Sahajanand Medical Technologies and Fusion CX.
Motilal Oswal Investment Advisors Ltd. has worked alongside 25 other lead managers on these issues. The 5 most frequent, by number of shared issues:
- IIFL Capital Services Ltd. — 9 shared issues
- Axis Capital Ltd. — 8 shared issues
- JM Financial Ltd. — 8 shared issues
- Nuvama Wealth Management Ltd. — 6 shared issues
- ICICI Securities Ltd. — 5 shared issues
IPOs with Motilal Oswal Investment Advisors Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Casagrand Premier Builder | Mainboard | Announced | — | ₹1,200 Cr | — | — | — |
| Crystal Crop Protection | Mainboard | Announced | — | — | — | — | — |
| EAAA India Alternatives (Edelweiss) | Mainboard | Announced | — | ₹1,500 Cr | — | — | — |
| Eastman Auto & Power | Mainboard | Announced | — | — | — | — | — |
| Zepto | Mainboard | Announced | — | — | — | — | — |
| Sahajanand Medical Technologies | Mainboard | Open | 15 Oct 2026 | ₹475.48 Cr | ₹344 | — | — |
| Fusion CX | Mainboard | Closed | 14 Oct 2026 | ₹702 Cr | ₹289 | 4.68x | — |
| NSE | Mainboard | Listed | 17 Sept 2026 | ₹22,562.71 Cr | ₹1,785 | 5.71x | +0.8% |
| LCC Projects | Mainboard | Listed | 9 Sept 2026 | ₹427.14 Cr | ₹146 | 49.57x | +31.4% |
| Manipal Payment and Identity Solutions | Mainboard | Listed | 9 Sept 2026 | ₹805 Cr | ₹339 | 1.42x | -2.1% |
| Rentomojo | Mainboard | Listed | 9 Sept 2026 | ₹1,255.57 Cr | ₹404 | 72.89x | +18.8% |
| Glass Wall Systems | Mainboard | Listed | 8 Sept 2026 | ₹427.89 Cr | ₹182 | 81.65x | +4.5% |
| Lumino Industries | Mainboard | Listed | 27 Aug 2026 | ₹700 Cr | ₹82 | 124.02x | +32.9% |
| Symbiotec Pharmalab | Mainboard | Listed | 24 Aug 2026 | ₹1,757 Cr | ₹988 | 75.08x | -1.0% |
| Augmont Enterprises | Mainboard | Listed | 21 Aug 2026 | ₹825 Cr | ₹788 | 111.18x | +21.3% |
| Molbio Diagnostics | Mainboard | Listed | 10 Aug 2026 | ₹939.7 Cr | ₹807 | 70.27x | +21.4% |
| Lohia Corp | Mainboard | Listed | 23 Jul 2026 | ₹1,101.28 Cr | ₹425 | 7.26x | +8.2% |
| SBI Funds Management | Mainboard | Listed | 14 Jul 2026 | ₹9,812.91 Cr | ₹574 | 41.73x | +6.3% |
| Kusumgar | Mainboard | Listed | 8 Jul 2026 | ₹650.36 Cr | ₹419 | 135.8x | +37.0% |
| Turtlemint Fintech Solutions | Mainboard | Listed | 19 Jun 2026 | ₹882.67 Cr | ₹152 | 1.24x | -10.4% |
| CMR Green Technologies | Mainboard | Listed | 3 Jun 2026 | ₹630.62 Cr | ₹192 | 127.07x | +43.4% |
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 | 16 | 16 | 0 | ₹43,955.33 Cr | +13.5% (14 listed) |
| Not yet scheduled | 5 | 5 | 0 | ₹2,700 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.