Market makers play a critical role in SME IPOs by providing liquidity and ensuring the continuous availability of shares for buying and selling—typically at prices just above or below the prevailing market rate. They serve as intermediaries between buyers and sellers, consistently quoting bid and ask prices to facilitate smooth trading and help narrow the bid-ask spread.
Market makers are registered trading members of the exchange. In many cases, the lead manager—if licensed as a stockbroker—also takes on the role of market maker.
Below is a list of market makers in India, along with the number of SME IPOs they have managed.
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