Business Economy


Pantomath stands among top Merchant Bankers, strengthens leadership with robust IPO pipeline

Mumbai, Dec 3 (UNI) Pantomath Group has achieved a significant industry milestone by emerging as one of the largest merchant bankers in India, backed by a strong performance on initial public offerings in 2025.
The league table ranking reflects Pantomath’s accelerating growth, diversified sectoral presence, and a consistent record of delivering successful capital-market transactions.
In 2025, Pantomath led and co-led 11 IPOs across exchanges, spanning sectors such as engineering, logistics, commercial services, food processing, and industrial manufacturing. These offerings together represented more than Rs 4,100 crore in aggregate issue size, underscoring the firm’s expanding role as a preferred partner for mid-sized and emerging enterprises accessing public markets.
Of the 11 transactions executed during the period, six were Sole-Lead mandates, demonstrating strong client confidence in Pantomath’s advisory capabilities, distribution network, and end-to-end execution strength. The remaining transactions were successfully co-managed reinforcing Pantomath’s collaborative presence in the broader investment-banking ecosystem.
Some notable IPOs during the period include Vidya Wires Ltd., Glottis Ltd., Dev Accelerator Ltd., Vikran Engineering Ltd., and Regaal Resources Ltd. Issue sizes ranged from Rs 130 crore to over Rs 850 crore, showcasing Pantomath’s ability to manage diverse mandates across various industry verticals and scale requirements
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