Pantomath Capital Advisors Pvt.Ltd.
IPOs where Pantomath Capital Advisors 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 Pantomath Capital Advisors Pvt.Ltd. as a book-running lead manager on 6 IPOs: all of them mainboard issues. Bidding dates recorded here run from Jul 2026 to Oct 2026. Of these, 5 have listed and 1 is between scheduling and listing. It was the sole lead manager on 2 of the 6 and shared the mandate with other merchant bankers on the rest.
Issue size is recorded for all 6 IPOs. They range from ₹125.5 Cr (Manika Plastech) to ₹22,562.71 Cr (NSE), with a median of ₹432.79 Cr. The 5 listed issues with a recorded size total ₹23,857.69 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 5 listed issues: 4 above and 1 level with the issue price. The median change was +3.2%, from +0.0% (Manika Plastech) to +38.9% (Ardee Industries). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for all 5 issues whose bidding has closed. The median was 30.42x, ranging from 5.71x (NSE) to 138.83x (Ardee Industries).
Currently between scheduling and listing: Zetwerk.
Pantomath Capital Advisors Pvt.Ltd. has worked alongside 21 other lead managers on these issues. The 5 most frequent, by number of shared issues:
- Avendus Capital Pvt.Ltd. — 2 shared issues
- HSBC Securities & Capital Markets (India) Pvt.Ltd. — 2 shared issues
- IDBI Capital Markets & Securities Ltd. — 2 shared issues
- JM Financial Ltd. — 2 shared issues
- Kotak Mahindra Capital Co.Ltd. — 2 shared issues
IPOs with Pantomath Capital Advisors Pvt.Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Zetwerk | Mainboard | Open | 15 Oct 2026 | ₹5,012.33 Cr | ₹151 | — | — |
| German Green Steel | Mainboard | Listed | 25 Sept 2026 | ₹303.9 Cr | ₹139 | 30.42x | +3.2% |
| NSE | Mainboard | Listed | 17 Sept 2026 | ₹22,562.71 Cr | ₹1,785 | 5.71x | +0.8% |
| Manika Plastech | Mainboard | Listed | 11 Sept 2026 | ₹125.5 Cr | ₹43 | 29.46x | +0.0% |
| Ardee Industries | Mainboard | Listed | 5 Aug 2026 | ₹425.87 Cr | ₹53 | 138.83x | +38.9% |
| Knack Packaging | Mainboard | Listed | 1 Jul 2026 | ₹439.71 Cr | ₹170 | 87.17x | +9.4% |
Subscription is the final overall figure once bidding has closed; listing gain is the listing-day change against the issue price. “—” means not available.
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.