Merchant bankers charge much more to manage IPOs of digital firms
Tue, Sep 17, 2024 1:44 PM

Merchant bankers charge much more to manage IPOs of digital firms

A Flip by Shubhangi Gupta
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Digital companies Unicommerce eSolutions, Zaggle Prepaid Ocean Services, and Easy Trip Planners paid higher IPO fees to merchant bankers, ranging from 4.1% to 4.7% of the issue size, compared to traditional companies and public sector undertakings, which paid lower fees averaging 3.93% and 1.3%, respectively.

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