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Defined by Trust Driven by Execution

A leading merchant banking and advisory company providing comprehensive solutions to clients across India.

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Category - I SEBI Registered Merchant Banker
30+ Years
500+ Clients Serviced
₹ 11,500 Cr. + Funds Raised
PAN India Presence
About Vivro

A legacy of trust built over three decades

Vivro was founded as an independent financial advisory firm focused on helping businesses access capital and execute transformative transactions.

As a SEBI Registered Category I Merchant Banker, we have assisted promoters, entrepreneurs, and institutions structure and deliver complex financial solutions — from capital market transactions and strategic mergers to debt financing and corporate advisory.

Our approach combines a deep understanding of the Indian capital markets with rigorous financial discipline, due diligence and hands-on execution. Every mandate we undertake is led by senior professionals who work closely with clients through each stage of the transaction.

We take pride in the fact that since our incorporation in 1996, Vivro has built a reputation for providing thoughtful advice, meticulous execution, and long-term partnership with its clients.

Service Offerings

Distinct capabilities,
holistic approach

We offer a comprehensive suite of financial solutions designed to support businesses and investors across every stage of their growth journey. From capital market transactions and structured financing to strategic advisory, valuation, and wealth management, our integrated approach combines deep domain expertise with a strong understanding of market dynamics. We work closely with our clients to deliver tailored, insight driven solutions

Capital Market Services

Vivro Financial Services Private Limited, registered with SEBI as a Category I Merchant Banker, advises companies on public market transactions including Equity IPOs, Debt Issuances, Rights Issues, Open Offers, Buybacks and other equity offerings.

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Corporate Finance

Arranging structured debt solutions including project finance, working capital facilities, and loan syndication.

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Corporate Advisory

Raising growth capital through private placements, institutional investors and structured financing solutions as well as strategic advisory on acquisitions, divestitures, mergers, and shareholder exits.

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Valuation Services

Independent valuation services for securities and complex financial assets to support corporate transactions, regulatory requirements and financial reporting.

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Wealth Services

Wealth solutions for UHNI, HNI, Institutional and Retail investors across products and offerings.

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Our Philosophy

Principles that
guide everything
we do

We are built on three core principles that underpin every engagement we undertake, from the smallest advisory mandate to the most complex multi-party transaction.

Value Creation

Our recommendations are guided by the interests of our clients, successful transaction outcomes and long-term value creation. We measure success by the results our clients achieve.

Execution Discipline

Complex transactions require careful structuring, coordination with multiple stakeholders, and regulatory precision. We focus on disciplined execution at every step of the process.

Long-Term Partnerships

We believe financial advisory works best when relationships extend beyond a single transaction. Many of our engagements evolve into long-term partnerships as clients grow and pursue new opportunities.

Core Values

Values that

drive us

Through discretion, consistency and sound judgment, Vivro builds relationships that endure across multiple transactions and strategic decisions. Our values are not aspirational — they are the operating principles that define how we work.

Integrity

Highest standards of honesty and professional responsibility in every engagement.

Independence

Objective, unbiased advice clients can rely on for their most important decisions.

Alignment

Acting in alignment with clients, regulators and market participants at all times.

Excellence

Rigor, preparation and attention to detail to deliver outcomes with precision.

Trust

Discretion, consistency and judgment that builds relationships over time.

Transaction Highlights

IPO | Apr 2026 Silverstorm Parks & Resorts Ltd.

724.1 Million

Lead Manager to the Issue 

Buy-Backs | Apr 2026 Puretrop Fruits Limited

200 Million

IPO | Dec 2025 Neochem Bio Solutions Ltd.

449.7 Million

Lead Manager to the Issue

IPO | Oct 2025 Justo Realfintech Ltd.

630 Million

Lead Manager to the Issue

IPO | Sept 2025 Sattva Engineering Construction Ltd.

353.8 Million

Lead Manager to the Issue

IPO | Aug 2025 FLYSBS Aviation Ltd.

1,025.3 Million

Lead Manager to the Issue

IPO | Jul 2025 Spunweb Nonwoven Ltd.

609.8 Million

Lead Manager to the Issue

IPO | Feb 2025 Eleganz Interiors Ltd.

780.7 Million

Lead Manager to the Issue

IPO | Jan 2025 Fabtech Technologies Cleanrooms Ltd.

277.4 Million

Lead Manager to the Issue

IPO | Dec 2024 Ganesh Infraworld Ltd.

985.8 Million

Lead Manager to the Issue

IPO | Oct 2024 Shiv Texchem Ltd.

1,013.5 Million

Lead Manager to the Public Issue

Buy-Backs | Aug 2024 AIA Engineering Limited

5000 Million

Buy-Backs | Jun 2024 Ajanta Pharma Limited

2850.1 Million

Buy-Backs | Apr 2024 Freshtrop Fruits Limited

336.9 Million

Buy-Backs | Jan 2024 Atul Limited

500 Million

Buy-Backs | Oct 2023 Siyaram Silk Mills Limited

1080 Million

IPO | Feb 2023 Bondada Engineering Limited

4,27.0 Million

Lead Manager to the Public Issue

Buy-Backs | Feb 2023 Mindteck (India) Limited

137 Million

Buy-Backs | May 2022 Atul Limited

700 Million

Buy-Backs | May 2022 Atul Limited

700 Million

Manager to the Buyback Offer

Buy-Backs | Feb 2022 Ajanta Pharma Limited

2,856 Million

Manager to the Buyback

Buy-Backs | Feb 2022 Ajanta Pharma Limited

2856 Million

Rights Issues | Nov 2021 NXTDigital Limited

2,886 Million

Lead Manager to the Rights Issue

Buy-Backs | Feb 2021 Atul Limited

500 Million

Buy-Backs | Sept 2020 Sun Pharmaceutical Industries Limited

17000 Million

Rights Issues | Jul 2020 Arvind Fashions Limited

3,997 Million

Lead Manager to the Rights Issue

Buy-Backs | Jul 2020 Dishman Carbogen Amcis Limited

720 Million

Buy-Backs | Oct 2019 Sasken Technologies Limited

1698.9 Million

IPO | Jan 2019 KPI Green Energy Limited

399.36 Million

Lead Manager to the Initial Public Offer

Buy-Backs | May 2018 Alembic Limited

820 Million

IPO | Dec 2017 Ice Make Refrigeration Limited

237.1 Million

Lead Manager to the Issue

Buy-Backs | Feb 2017 Sasken Communication Technologies Limited

1176.3 Million

Buy-Backs | Oct 2016 Sun Pharmaceutical Industries Limited

6750 Million

Buy-Backs | Mar 2014 Shri Dinesh Mills Limited

950 Million

From Our Clients

Quote

Our association with Vivro Financial Services for NBSL’s SME IPO reaffirmed why they are a name of trust in this space. Vivro has built a reputation for backing companies with strong governance, long-term vision, and genuine quality — not just transaction volume — and that philosophy came through in every stage of our engagement. Their team combines deep technical expertise with a well-networked, credible investor base, which ensured NBSL’s IPO was positioned with the right investors from day one. We found them to be professional, meticulous, and genuinely invested in our long-term success as a listed entity.

Swapnil R Makati

Managing Director | Neochem Bio Solutions Limited

Quote

Vivro acted as Manager to our buyback transactions and a clear grasp of the applicable regulatory framework and a disciplined approach to execution. The process was well coordinated, timelines were met, and compliance requirements were addressed thoroughly throughout. We appreciate the responsiveness and practical approach demonstrated by Vivro team over the course of the engagement. Our thanks to you and your team for the support extended during the engagement.

Paawan Bhargava

Company Secretary & Compliance Officer | Sasken Technologies Limited

Quote

Vivro has been instrumental in the successful execution of our NCD issuances, providing comprehensive support at every stage of the process. Their ability to combine market insight with meticulous execution ensured that each transaction was completed efficiently and in line with our objectives. Beyond managing the transaction, their team remained accessible, responsive, and focused on delivering practical solutions whenever challenges arose. Their commitment to quality, attention to detail, and understanding of the debt capital markets have made them a dependable advisor, and we value the confidence and assurance they bring to every engagement.

Anju Thomas

Company Secretary | Chemmanur Credits and Investments Limited

Quote

We value most about Vivro's ability to look at every assignment in the context of our larger business objectives rather than as a standalone transaction. They have supported us on our strategic initiatives and consistently brought clarity, perspective, and a solution-oriented approach. Their involvement has always been marked by careful planning, sound judgment, and an unwavering focus on delivering value.

K Selvanayagam

Company Secretary | The Ramco Cements Limited