Aryaman Financial Services Ltd. – Company Report
1. Company Overview
Aryaman Financial Services Ltd. is a SEBI-registered Category I Merchant Banker, established in 1994 and headquartered in Mumbai, Maharashtra. The company specializes in lead management and syndication services for small and mid-sized capital market transactions, including IPOs, FPOs, Rights Issues, QIPs, PIPE deals, and venture capital funding. Over the years, Aryaman has established itself as an important facilitator for Indian SMEs seeking public and private capital, and has acted as a lead manager for a large number of equity and debt fund-raising mandates.
Aryaman is also engaged in merger and acquisition transactions, open offers, delisting offers, buybacks, and offers comprehensive advisory services covering valuations, fairness opinions, foreign investment certifications, and ESOP structuring. The company is listed on the Bombay Stock Exchange and is supported by an experienced management team that leverages extensive sector expertise and a robust client network.
Key Highlights:
- Incorporated: 1994
- Headquarters: Mumbai, Maharashtra, India
- Certification: SEBI Category I Merchant Banker
- Core Focus: Merchant banking, capital markets, lead management, M&A advisory
- Key Sectors Served: SMEs, corporates, financial institutions
- Market Capitalization (July 2025): ~₹830 crore
- Listed on: Bombay Stock Exchange (BSE)
2. Products and Services
Aryaman Financial Services Ltd. offers a diverse range of financial services tailored to meet the evolving requirements of its clients in capital markets and corporate finance.
Product Categories:
- Equity Capital Market Services (lead management for IPOs, FPOs, Rights Issues, composite issues, QIPs)
- Private Placement, PIPE transactions, and venture capital funding
- Valuations and fairness opinions for merger, spin-off, and amalgamation schemes
- Open offers, delisting, and buyback advisory
- Buy-side and sell-side M&A advisory
- ESOP certifications and valuation support
- Strategic and non-strategic investments
Manufacturing & Technology:
Not applicable, as the company operates in the financial services domain. However, Aryaman leverages modern financial technology platforms and digital interfaces to streamline deal execution, client onboarding, and regulatory compliance.
End-Use Applications:
- Capital raising for small and mid-sized enterprises
- Corporate restructuring and mergers
- Listing support and liquidity events for shareholders
- Regulatory and valuation advisory for Indian corporates
Aryaman’s group companies also provide stock and commodity broking services as members of BSE, NSE, MCX, and NCDEX, extending its presence across multiple asset classes.
3. Recent News & Financial Performance
Aryaman Financial Services Ltd. has witnessed a period of robust financial growth and operational expansion, driven by the heightened momentum in capital markets, especially among SMEs and mid-market firms.
Quarterly Highlights (Q4 FY2025)
- Revenue: ₹41.62 crore (up 440% YoY)
- Net Profit: ₹8.37 crore (up 772% YoY)
- Net Profit Margin: 20.11%
- Improved operational leverage and net margin
Strategic Developments
- Lead-managed several high-profile SME IPOs and special transactions
- Expanded advisory portfolio and digital platforms for capital market access
4. Financial Performance
| Metric | FY2025 | FY2024 |
|---|---|---|
| Revenue | ₹113 Cr | ₹70 Cr |
| Net Profit | ₹45 Cr | ₹28 Cr |
| Operating Profit Margin | 47% | — |
| ROE | 31% | — |
| EPS | ₹25.77 | — |
| Dividend | None | — |