Zerodha applies for SEBI licence to enter investment banking
30 Jun 2026, 06:51 PMThe move comes as India's primary market continues to see strong listing activity, with a growing pipeline of startups and new-age companies preparing to go public.
Stock brokerage firm Zerodha has applied to the Securities and Exchange Board of India (SEBI) for a Category-I merchant banking licence as it looks to enter the investment banking business, media reports said.
The application is currently under review. If approved, the licence would allow the Bengaluru-based company to manage initial public offerings (IPOs), advise companies on fundraising and offer a range of merchant banking services.
The move comes as India's primary market continues to see strong listing activity, with a growing pipeline of startups and new-age companies preparing to go public.
The investment banking business would further expand Zerodha's financial services portfolio, which already includes mutual funds, asset management, lending, startup investments through Rainmatter, international investing and fixed deposits offered through its Coin platform.



