Association of Investment Bankers of India
The representative body of India’s merchant bankers.
AIBI was granted recognition by SEBI to set professional standards for efficient service and to establish standard practices in investment banking. It is also the SEBI-designated body for monitoring investor grievances relating to merchant bankers and bankers to an issue.
Latest
Mahavir Lunawat, Founder of Pantomath Capital, unanimously re-elected as Chairman of AIBI
Track Record of public issues managed by AIBI-member merchant bankers
Membership Database Form
The best minds in Indian investment banking, in one association.
- Members
- 0SEBI-registered merchant bankers
- Events
- 0held since 2010
- Speakers
- 0across summits and seminars
- Recognised
- 1993by SEBI, to set professional standards
What we do
Setting the standard for the primary capital market.
Annual Summits
For the benefit of its members, AIBI holds an Annual Summit with eminent speakers and regulators.
PMAC Representation
AIBI represents the investment banking industry at the Primary Markets Advisory Committee instituted by SEBI.
Due Diligence
AIBI has produced a Due Diligence Manual, a standardised and practical tool for investment bankers.
Events & Seminars
AIBI regularly conducts events and seminars on contemporary matters relevant to its members.
Thought Leader & Nodal Point
AIBI is the nodal point for the assimilation and dissemination of information relating to the industry.
Code of Conduct
AIBI publishes the Code of Conduct setting out the principles with which members conduct business.
Market data
Every public issue managed by an AIBI member, on the record.
AIBI maintains the track record of public issues handled by member merchant bankers, alongside a consolidated five-year view and the current issues open across every instrument in the primary market.
Track Record
Issue-by-issue
5-Year View
Consolidated
Primary Data
Since 2010
Current issues tracked
Publications
Handbooks, standards and guidance for the industry.
Merchant Banker Compliance Referencer
Open
Investor Focused Prospectus Navigation Guide
Open
Investor Handbook
Open
SME Handbook for Issuers
Open
Preparing Offer Documents: Standard Practices and Disclosure
Open
White Paper on Capital Formation
Open
AIBI Connect — Merchant Banker Regulations
OpenEvents
Summits, seminars and members’ meets.
Test Event 3
18 Aug 2026, 9:55 am – 4:56 pm
NESCO
Members from
₹1,500.00
Test event
21 Aug 2026, 10:12 am – 28 Aug 2026, 10:12 am
Mumbai
Members from
₹1,500.00
AIBI Annual Summit 2026
18 Sept 2026, 10:00 am – 6:00 pm
Hotel Trident, Nariman Point
Members from
₹8,000.00
Governance
Board of Directors
Drawn from the leading merchant banks and capital market institutions in India.
Chairman
Mahavir Lunawat
Founder of the Pantomath Group — SEBI-registered merchant bankers, stock brokers and portfolio managers.
Vice Chairperson
Ms. Lakha Nair
Managing Director in the corporate finance team at Axis Capital, handling deals across capital market products including IPOs.
Vice Chairman
Abhijit Vaidya
Managing Director and Co-Head of Kotak Investment Banking's equity capital markets team, with three decades in capital markets.
Directors
Prem D'Cunha
Over 20 years in investment banking and capital markets in India; heads execution of Capital Markets transactions.
Arjun Mehra
15 years in investment banking, with deep experience across capital markets, mergers, acquisitions and restructuring.
Vikas Khattar
More than 27 years of experience in the Indian investment banking industry.
Alok Harlalka
A driving force behind Gretex Corporate Services, a SEBI-registered Category I Merchant Banker.
K. Srinivas
Chartered Accountant and Cost Accountant pursuing his career across capital markets and corporate finance.
Venkatraghavan S.
Close to 30 years in the primary capital market and M&A. Managing Director & Head of ECM at Equirus Capital.
Rajendra Naik
With Centrum Capital since its inception in 1996, part of the founding team that established the Centrum Group.
Ayush Jain
Managing Director in the Investment Banking team at HSBC India.
Pinak Rudra Bhattacharyya
More than 18 years across investment banking, capital markets and private equity.
Anurag Goyal
Keynote Financial Services — a full-service investment bank and SEBI-registered Category I Merchant Banker since 1993.
Neetu Ranka
Managing Director & Co-Head of Equity Capital Markets at Nuvama Wealth, with over two decades in investment banking.
For investors
Understand what you are investing in
The IPO Guide, Investor Handbook and the Prospectus Navigation Guide explain how a public issue works and how to read an offer document.
Read the IPO guideGrievance redressal
Raise a complaint about a merchant banker
AIBI is the body designated by SEBI for monitoring investor grievances relating to merchant bankers and bankers to an issue.
File a complaintFor issuers
Looking to appoint an investment banker?
AIBI members are SEBI-registered merchant bankers. Tell us your requirement and it is circulated to the membership.
Submit a requirement