Investment Banking

Investment Banking

Our Investment Banking team delivers high-quality strategic advice and creative financing solutions to our clients, including mergers and acquisitions and financing.We pride ourselves in our research and knowledge driven approach and work on a variety of initiatives. On any given day, our work could include advising a company on an acquisition, structuring and preparing a company for raising capital and more.

Our Investment Banking Team

Vipin Aggarwal
Vipin Aggarwal

Mr. Vipin Aggarwal is a highly accomplished alumnus of Columbia University, New York, and the Indian School of Business (ISB) with over 30 years of extensive experience in the areas of fund raising, capital markets, and strategic implementation. As an expert in fund management, commodities trading, real estate, and capital markets, he currently holds the position of Principal Partner at a prestigious private equity fund that focuses on industrial growth in India. Mr. Aggarwal also serves as Director in Merchant Banking Division at Narnolia Financial Services Limited.

In addition to his current role, Mr. Aggarwal is a board member of Zamil Solar, which is one of the largest industrial conglomerates in Saudi Arabia. He has played a pivotal role in establishing one of India's largest solar photovoltaic power plants in Gujarat. Furthermore, he is also a board member of SEMCO Ltd., a company that operates in the defense and railways sector. He is a passionate angel investor and has successfully seeded over twenty-five ventures. He has previously held the position of Executive Director at Omaxe Limited and served as a Board Member of the Delhi Stock Exchange.

Pankaj Passi
Pankaj PassiAssociate Company Secretary, Bachelor of Commerce

Since beginning of his career, Mr. Passi has gathered experience in Capital Markets in various Merchant Banks like Corporate Capital Ventures, Real Growth, FastTrack Finsec, Sarthi & Fintellectual Corporate Advisors. Mr. Passi joined Narnolia as Executive Director in December 2022 and is heading the merchant banking division of company. His expertise lies Issue Management (IPO, FPO), Securities Law, Company Law, Valuations and various acts under SEBI & FEMA.

Angad Singh
Angad SinghFellow Chartered Accountant, ISB Executive Alumni, IBBI Registered Valuer (Securities & Financial Assets), B.B.A

Mr. Singh started his career in Debt Capital Markets and then eventually moved to Merchant Banking. In his initial days with Almondz Group, he developed expertise in Debt Syndication, Valuations, Transaction Advisory & Corporate Finance. He has also served as CFO (India) for Granarolo, Italy and honed his skills on pathway to become strategic financial controller. He is currently working as Executive Director and Investment Banking & Strategy Consultant for Merchant Banking Division of Narnolia and advises clients on Corporate Financial Strategy. He is also Executive Alumni of Indian School of Business.

Prashant Pratap Singh
Prashant Pratap SinghAssociate Company Secretary, Bachelor of Commerce

Mr. Pratap is Executive Director with Merchant Banking Division of Narnolia. Over the years of developing experience in various laws, He manages Corporate Actions of listed clients i.e. Private Placement, Buyback, Rights Issue, Bonus Issue, Listing (IPO, FPO, Direct), ESOP, Revocation of Suspended Companies etc.

Zulker Nain
Zulker NainAssociate Company Secretary, BA LLB.

Mr. Nain is Legal Consultant & Executive Director with Merchant Banking Division of Narnolia. Mr. Nain expertise lies in Corporate Law and FEMA which helps the company in advising to it’s clients in both pre and post issue management work.

Our Services

  • Advisory
  • Evaluation of Business plan
  • Capital Structuring
  • Treasury Management
  • Continuous Investor Communication
  • Business & Equity Valuation
  • Debt Syndication
  • Term Loan
  • Working Capital Loan
  • Debt Restructuring
  • none
  • none
  • Equity Placement
  • Private Equity
  • Initial Public Offering
  • Follow on Public Offering
  • QIB Placement
  • Right Issues
  • Merger Acquisition & Delisting
  • Transaction > Finding & Execution
  • Stressed Asset Purchase
  • Management of Open Offer for Equity
  • Management of Buyback of self Equity
  • Delisting
Advisory Debt Syndication Equity Placement Merger Acquisition & Delisting
Evaluation of Business plan Term Loan Private Equity Transaction > Finding & Execution
Capital Structuring Working Capital Loan Initial Public Offering Stressed Asset Purchase
Treasury Management Debt Restructuring Follow on Public Offering Management of Open Offer for Equity
Continuous Investor Communication QIB Placement Management of Buyback of self Equity
Business & Equity Valuation Right Issues Delisting
Narnolia Research Directory
KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | Investors don’t need to issue cheques while subscribing to IPOs. Just write your bank account number and sign the application form to authorise your bank to make a payment on your behalf in case of allotment. You don’t have to worry about refunds as the money remains in the investor's account. | It has been brought to the notice of SEBI by Central Economic Intelligence Bureau, Department of Revenue, GOI, that certain fraudsters are collecting data of customers who are already into trading either in NSE / BSE and send them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits. Hence, the investors are requested to take note of the above and exercise caution and due care. | Process for filing complaints on the SEBI SCORES website: a. Register on SEBI SCORES | b. Mandatory details for filing complaints on SCORES | Name, PAN, Address, Mobile Number, Email ID | c. Benefits: i. Effective Communication ii. Speedy redressal of the grievances

Narnolia Financial Services Ltd (Formerly Narnolia Financial Advisors Ltd); Registered Office Address: Marble Arch, 2nd Floor, Office 201, 236B, A J C Bose Road, Kolkata- 700020; Phone No.-033-40501500; Corporate Office: A-803, 1 Kanakia Wall Street, 8th Floor, Andheri Kurla Road, Chakala, Andheri East, Mumbai-40093, Phone No.: +91 22 62701200, Website:, SEBI MERCHANT BANKING - INM 000010791, PMS - INP000006420, RESEARCH ANALYST - INH 300006500, Compliance Officer Details (In Research) : Rana Debnath, Contact No. 022 6270 1200, Email id AMFI - ARN 3087, ROC-CIN: U51909WB1995PLC072876 Read More


In case of any queries related to your investments, you can get in touch with us at or WhatsApp us at+916204800291.Grievance Officer: Rana Debnath, Contact No. 022-6270 1200, Email ID:,

Investors may submit their online complaints on the official SEBI Scores website by clicking here. With regards to physical complaints to the Office of Investor Assistance & Education, Securities & Exchange Board of India, SEBI Bhavan, Plot No C4 A 'G' Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051.

Online Dispute Resolution Portal can be accessed via the following link -


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