Zerodha will be able to manage initial public offerings (IPOs) if it gets the licence.

Zerodha seeks SEBI approval for a merchant banking licence to expand its investment banking services and enhance financial offerings.

Zerodha, a leading discount broker, has applied for a SEBI licence to enter the investment banking space, leveraging India's booming IPO market for portfolio diversification.

Zerodha has applied to SEBI for a Category I merchant banking licence, signalling its entry into investment banking. The move aligns with Indias strong IPO pipeline and expanding…