Saffron Capital Advisors Pvt.Ltd.
IPOs where Saffron 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 Saffron Capital Advisors Pvt.Ltd. as a book-running lead manager on 2 IPOs: all of them mainboard issues. Bidding dates recorded here run from Sept 2026 to Sept 2026. Of these, 2 have listed. It was the sole lead manager on 1 of the 2 and shared the mandate with other merchant bankers on the rest.
Issue size is recorded for both IPOs. They range from ₹178 Cr (Vishal Nirmiti) to ₹300 Cr (ArMee Infotech), with a median of ₹239 Cr. The 2 listed issues with a recorded size total ₹478 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: 2 below the issue price. The median change was -2.0%, from -2.3% (Vishal Nirmiti) to -1.6% (ArMee Infotech). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for both issues whose bidding has closed. The median was 2.21x, ranging from 1.79x (Vishal Nirmiti) to 2.62x (ArMee Infotech).
Saffron Capital Advisors Pvt.Ltd. has worked alongside 1 other lead manager on these issues. The co-manager, with the number of shared issues:
- Khandwala Securities Ltd. — 1 shared issue
IPOs with Saffron Capital Advisors Pvt.Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Vishal Nirmiti | Mainboard | Listed | 30 Sept 2026 | ₹178 Cr | ₹220 | 1.79x | -2.3% |
| ArMee Infotech | Mainboard | Listed | 23 Sept 2026 | ₹300 Cr | ₹375 | 2.62x | -1.6% |
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.