Monarch Networth Capital Expands Service Offerings in 2025; executes investment banking deals worth Rs 8,500 crore
The investment banking arm of Monarch Networth Capital (MNCL), closed calendar year 2025 advising on 12 transactions totalling ?8,480 crore through initial public offerings (IPOs), qualified institutional placements (QIPs), offers for sale (OFS), rights issues and other advisory deals. These spanned sectors including FMCG, real estate, digital technology, industrials, hospitality, gems and jewellery, and engineering.
Among the key deals, MNCL acted as an advisor to Adani Wilmar in the company’s OFS, as left lead banker to the IPOs of Lotus Developers and EPACK Prefab, and sole banker to the QIP of HFCL and Goldiam International and sole banker to the Pre-IPO and IPO of Scoda Tubes. The projects highlight MNCL’s underwriting credentials in mid-market public issues. MNCL also advised the GVK Family on the acquisition of shares from Indian Hotels, reinforcing its capabilities in strategic advisory.
On the company’s performance in 2025, Gaurav Bhandari, CEO, MNCL, said, “Despite evolving market conditions, we continue to see investor appetite and issuer interest across sectors. Crucially, the diversity of transactions during the year reflects the trust placed in our investment banking expertise.”
Beyond a strong year in investment banking, the company received the in-principle approval to launch mutual fund products along with the GIFT City Retail FME License. The latter allows MNCL to set up full-service, offshore mutual funds and ETFs in India. MNCL was among the earliest entities to be awarded this license. The impressive 143% returns from Netweb Technologies Ltd—within just four months of MNCL initiating coverage—showcase the firm’s research prowess. In addition, 2025 marked MNCL’s foray into the portfolio management services sector, expanding its asset management offerings.
Looking ahead, Bhandari added, “As India’s capital markets mature and global interest deepens, we see a multi-year opportunity to build platforms that connect entrepreneurial ambition with long-term capital and open new avenues for retail investors. We are committed to being at the forefront of that growth.”
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