“IPO Service From Education To Execution”
Aryaman Financial Services Limited Logo

Aryaman Financial Services Limited

Aryaman Financial Services Limited (AFSL), a SEBI-registered Category-I Merchant Banker since 1994, specialises in SME IPOs. They provide lead management, M&A and corporate finance advisory, helping businesses achieve strategic growth and successful capital market listings.

MAINBOARD IPOs

Total listings managed

7

Year-wise MAINBOARD IPO Listing

Year No. of IPOs
FY26 0
FY25 2
FY24 1
FY23 1
FY22 0
FY21 0

MAINBOARD IPOs listing on Exchange

NSE Emerge
4 (57%)
BSE MAINBOARD

MAINBOARD IPOs by Subscription

0 (0%)
Subscribed Less than 1 times
4 (57%)
Subscribed 1 to 3 times
0 (0%)
Subscribed 3 to 5 times
0 (0%)
Subscribed 5 to 10 times
3 (43%)
Subscribed more than 10 times

MAINBOARD IPOs by IPO Size

0-100 Cr 2 (29%)
100-250 Cr 2 (29%)
250-500 Cr 3 (43%)
500-1,000 Cr 0 (0%)
1,000+ Cr 0 (0%)

Upcoming MAINBOARD IPOs

Frequently Asked Questions

Aryaman Financial is a SEBI-registered Category I Merchant Banker offering IPO management, corporate finance advisory, mergers & acquisitions, buybacks, valuations and fundraising support across SME and mainboard markets.
The median SME IPO size ranges from ₹15 crore to ₹35 crore, while larger SME or mainboard outliers have ranged from ₹50 crore to over ₹150 crore.
AFSL manages SME and mainboard IPOs, offering end-to-end lead management and compliance advisory.
Aryaman Financial Services Limited is headquartered at 60, Khatau Building, Alkesh Dinesh Marg, Fort, Mumbai 400001, India.