Mumbai: Pantomath Capital Advisors Private Limited today announced that it has further bolstered its leadership team with appointment of Mr. Hiren Raipancholia as Managing Director – Equity Capital Markets (ECM). Hiren brings with him over 17 years of experience in ECM, with expertise in IPOs, QIPs, OFS, Preferential Issues, Rights Issues, and Accelerated book-built deals. Prior to joining Pantomath, Hiren held senior positions in the ECM teams of Equirus Capital, HDFC Bank, JM Financials and IDFC Group.
This strategic addition comes as Pantomath Capital continues to build on its strong growth momentum across capital market issuances. Over the past nine months of CY 2025, Pantomath has demonstrated a consistent performance trajectory, led several well-received IPOs and had the distinction of managing the largest sole-lead IPO along with securing one of the highest investor application volumes in the Indian capital market. This performance is further substantiated by multiple DRHPs filed with SEBI across traditional and new age sectors including AI, Recycling and Renewables.
Welcoming Hiren to the leadership team, Mr. Mahavir Lunawat, Founder and Chairman, Pantomath Capital Advisors said, “We are delighted to have Hiren onboard at a time when Pantomath is scaling new heights in capital markets. His deep ECM expertise, strong institutional relationships, and proven execution track record will further strengthen our syndication and distribution capabilities. As we expand our leadership bandwidth, we remain focused on delivering excellence and innovation across every transaction.”
Commenting on his appointment, Mr. Hiren Raipancholia, Managing Director – Equity Capital Markets said, “I am excited to be part of Pantomath’s dynamic growth journey. Pantomath’s entrepreneurial spirit, client-centric approach, and impressive execution record make it one of the most exciting places to be in India’s investment banking ecosystem. I look forward to contributing to its continued success and helping scale its Equity Capital Market transactions to the next level.”
Pantomath Capital has made a series of high-profile leadership appointments recently, including industry veterans viz Kamraj Singh Negi, Siddarth Shah, and Sharad Dhariwal, signaling its commitment to build one of the most formidable investment banking teams in India.
The Pantomath Group recently launched mutual fund house – The Wealth Company Mutual Fund, that made a record debut of garnering approximately INR 2000 crore with the very first set of Actively managed NFOs.
