Tuesday, Jul 5 2022 | Time 15:49 Hrs(IST)
image
Business Economy


IIFL ranked No. 1 Banker for Equity Issuances for private sector companies in FY18

Mumbai, Jun 14 (UNI) IIFL Holdings Ltd (IIFL) has been ranked no 1 in equity issuances for private companies for the financial year 2017-2018,as per Prime Database Investment Bankers League table for
FY 2017-18.
During the financial year 2017-18, IIFL completed twenty seven investment banking transactions including eleven IPOs (Initial Public Offers) and eight follow-on transactions involving listed companies which catapulted it to the top rank as per Prime Database investment banking league tables on the basis of equity raised for private sector companies., a release said.
IIFL on an aggregate basis raised about Rs 48,000 crores of capital in the year 2017-18.
IIFL has been the preferred banker for most marquee deals in India in the last financial year. The list of IPOs includes ICICI Lombard General Insurance, HDFC Life, Reliance Nippon Life Asset Management, Future Supply Chain, Shalby Multi-Speciality Hospitals, Indian Energy Exchange, Security & Intelligence Services, Dixon Technologies and Capacite Infraprojects.
IIFL was the banker for the largest QIPs like SBI, HDFC, Federal Bank, Deepak Nitrite and Vardhaman Special Steels Ltd. It also managed the rights issue for Karur Vysya Bank and the first InvIT in India for IRB.
Mr. H. Nemkumar, President- Institutional Equities & Investment Banking at IIFL commented on this milestone, "We have leveraged our strong distribution platform across institutional, wealth and retail
segments to build a robust investment banking business. A key hallmark of our growth has been repeat clients. We believe in hand holding clients and working with them across their life cycles to provide the right advice. We service clients across the size spectrum covering mega caps, mid-caps and even smaller companies.
Our research is ranked highly in the internal rankings of leading institutional investors and we cover close to 250 stocks in the listed space. We are empanelled with more than 400 institutional investors both in India and globally."
Mr. Nipun Goel Head- Investment Banking added, ''We offer strong senior management commitment to our clients which results in superior understanding and execution performance. While FY18 was a landmark year taking us to leadership, we continue to have a substantial pipeline of transactions which are at various stages of
execution. As India’s economic growth accelerates, we shall witness a large number of high quality promoters tapping the capital markets.''
IIFL Holdings Ltd (IIFL) is a category I Merchant Banker and a part of leading diversified financial services group and is engaged in Investment Banking, Securities dealing, Wealth & Asset Management and Loans & Mortgages.
UNI JS JW1646
More News
SpiceJet makes lands in Karachi

SpiceJet makes lands in Karachi

05 Jul 2022 | 2:02 PM

New Delhi, July 5 (UNI) A SpiceJet B737 aircraft flying from Delhi to Dubai was diverted to and landed in Karachi in Pakistan on Tuesday after an indicator light malfunctioned, the airline said.

see more..

Goa bags 16th ranking in ease of doing business

05 Jul 2022 | 1:54 PM

Panaji, July 5 (UNI) Goa has been placed 16th overall and categorised as an "aspirer" state with a feedback score in the range of 50-80 per cent in the recently released assessment result at the Ease of Doing Business (EoDB) ranking of 2020.

see more..

June retail sales show signs of recovery in auto sector: FADA

05 Jul 2022 | 1:19 PM

New Delhi, July 4 (UNI) With semi-conductor availability improving, the passenger vehicle registrations witnessed year-on-year growth of 40.15 per cent to 2,60,683 units in June 2022, as per data shared by Federation of Automobile Dealers Association (FADA) on Tuesday.

see more..
India's services PMI on 11-year-high at 59 2 in June

India's services PMI on 11-year-high at 59 2 in June

05 Jul 2022 | 12:19 PM

New Delhi, July 5 (UNI) India's services PMI (purchasing managers' index) accelerated to over 11-year-high at 59.2 in June from 58.9 in May on the back of sharp rise in new business and output, according to S&P Global survey released on Tuesday.

see more..
image