“IPO Service From Education To Execution”
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Keynote Financial Services Limited

Keynote Financial Services Limited (KFSL), founded in 1993 in Mumbai, is a SEBI-registered Category I Merchant Banker offering IPOs, M&A, valuations and corporate finance. With 400+ successful transactions, it provides trusted, comprehensive financial solutions through its broking and NBFC subsidiaries.

SME IPOs

Total listings managed

6

Year-wise SME IPO Listing

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

SME IPOs listing on Exchange

NSE Emerge
6 (100%)
BSE SME
0 (0%)

SME IPOs by Subscription

6 (100%)
Subscribed upto 5 times
0 (0%)
Subscribed 5 to 25 times
0 (0%)
Subscribed 25 to 50 times
0 (0%)
Subscribed 50 to 100 times
0 (0%)
Subscribed more than 100 times

SME IPOs by IPO Size

Very Small (< 5 Cr) 1 (17%)
Small (5-10 Cr) 1 (17%)
Medium (10-25 Cr) 1 (17%)
Large (25-50 Cr) 2 (33%)
Very Large (>50 Cr) 1 (17%)

Upcoming SME IPOs

Frequently Asked Questions

Keynote Financial is a SEBI-registered Category I Merchant Banker offering IPO management, corporate finance, M&A advisory, valuations, ESOP advisory and investment services.
Over two decades with 400+ transactions, strong domestic and global institutional relationships.
ESOP/ESPS structuring, valuations, fairness opinions, buybacks, delisting, regulatory assistance and SME lending.
Collaborates with BDO (China) Consulting for cross-border deals between India and China.
Trusted partner delivering personalized solutions, robust execution and access to global capital markets.
Keynote values CSR and has adopted digital green initiatives, improving corporate governance and investor communication channels.