Overview

Pantomath Capital, a home‑grown investment bank, announced its expanding role in India’s capital‑formation ecosystem, highlighting its participation in high‑profile IPOs and a substantial primary‑market pipeline.

NSE IPO Participation

The National Stock Exchange (NSE) IPO was managed by a consortium of 20 merchant bankers. Nine investment‑banking entities supplied the bulk of anchor investments, and Pantomath Capital, the youngest among them, was featured among the top five domestic bankers in the anchor segment.

Mandate Portfolio and Recent Transactions

Pantomath’s mandate portfolio spans established industrial businesses, infrastructure firms, power‑equipment manufacturers, and emerging technology‑led enterprises. Notable transactions include:

  • Quality Power Electrical Equipments (Sangli): IPO issue price fixed at Rs 425; shares listed in February 2025 are now trading at Rs 1,553.
  • Silverton Industries (Muzaffarnagar): upcoming IPO for a company manufacturing eco‑friendly specialty paper.
  • Zetwerk: another upcoming listing reflecting Pantomath’s engagement with both established institutions and new‑age businesses.

In calendar year 2025, Pantomath ranked among the top domestic bankers for left‑lead mandates.

Strategic Approach to Public‑Market Readiness

According to the firm’s leadership, the IPO process is more than a fundraising event; it requires robust governance, transparent disclosures, strengthened internal controls, and a compelling investment narrative. Pantomath engages with companies early, assisting promoters in understanding public‑market requirements, refining valuation, coordinating with legal and audit advisors, and navigating regulatory procedures and investor outreach.

Market Pipeline Commentary

Mahavir Lunawat, Chairman and Managing Director of Pantomath Capital and also chairman of the Association of Investment Bankers of India (AIBI), stated that India’s primary‑market pipeline stands at ₹3.86 lakh crore, comprising ₹2.43 lakh crore of companies that have received SEBI approval and ₹1.44 lakh crore awaiting approval. He emphasized that capital formation is a national‑growth imperative, enabling capacity expansion, technology investment, employment generation, and broader economic development.

Role of SEBI and Future Outlook

The press release underscores SEBI’s pivotal role in deepening India’s capital markets. Pantomath aims to solidify its position as a trusted, home‑grown investment‑banking partner, helping promising Indian businesses become investment‑ready public companies and contributing to the country’s next phase of growth.

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Disclaimer: The above press release comes to you under an arrangement with Pantomath Capital. PTI takes no editorial responsibility for the same.