Ecm

About IB ECM M&A InvITs-REITs-SF Private Fund Raising

ECM Partnerships for value creation

Axis Capital is India’s leading Equity Capital Markets (ECM) banker, trusted by top conglomerates and corporates. With expertise across sectors, strong regulatory oversight, and proven marketing capabilities globally, we have consistently maintained a leadership position in ECM for over a decade. In FY24, we successfully closed 39 transactions across the primary and secondary markets. Our leadership is reinforced by numerous accolades, including being named Best Investment Bank and Best Securities House by Finance Asia, Euromoney, and Asia Money in 2024.

Initial Public Offerings (IPOs)

Extensive experience in managing large-scale IPOs across diverse sectors
Expertise in structuring, pricing, and marketing IPOs for optimal investor participation
Strong relationships with institutional investors, ensuring high demand and market success
Proven record of successful IPO execution for our clients.

Follow-on Public Offerings

Comprehensive capabilities in executing follow-on offerings, QIPs, rights issues, block deals, and OFS
Strong retail and non-institutional investor marketing, ensuring broad participation
Seamless execution of complex secondary transactions resulting in timely and successful fundraising
Repeat capital-raising mandates testify to trusted and sustained corporate partnerships.

Transactions

ECM M&A InvITs-REITs Private Fund Raising

Rubicon research

₹ 13,775 Mn

IPO Oct 2025
Canara robeco asset
management co.ltd

₹ 13,261 Mn

IPO Oct 2025
Lg electronics india ltd.

₹ 116,407 Mn

IPO Oct 2025
Tata capital ltd.

₹ 55,119 Mn

IPO Oct 2025
Atlanta electricals

₹ 6,873 Mn

IPO Sep 2025
Asahi india glass

₹ 10,000 Mn

QIP Sep 2025
Euro pratik sales

₹ 4,514 Mn

IPO Sep 2025
Tega industries

₹ 20,000 Mn

Fund Raise Sep 2025

Bluestone jewellery

₹ 15,406 Mn

IPO Aug 2025
Jsw cement

₹ 36,000 Mn

IPO Aug 2025
Kaynes technology

₹ 16,000 Mn

QIP Jun 2025
Oswal pumps limited

₹ 13,873 Mn

IPO Jun 2025
Alkem lab

₹ 8,827 Mn

Block Jun 2025
Schloss bangalore

₹ 35,000 Mn

IPO May 2025
Belrise industries

₹ 21,500 Mn

IPO May 2025
Aether industrials

₹ 29,811 Mn

IPO Apr 2025
Jsw steel

Undisclosed

ECM Advisory Jan 2025
Ventive hospitality

₹ 16,000 Mn

IPO Dec 2024
Transrail lighting

₹ 8,389 Mn

IPO Dec 2024
Carraro india

₹ 12,500 Mn

IPO Dec 2024
Niva bupa health
insurance

₹ 22,000 Mn

IPO Nov 2024
Hindustan zinc ltd.

₹ 53,345 Mn

OFS(SE) Nov 2024
Himatsingka seide ltd.

₹ 4,000 Mn

QIP Oct 2024
Cochin shipyard ltd.

₹ 20,109 Mn

OFS(SE) Oct 2024
Waaree energies limited

₹ 43,210 Mn

IPO Oct 2024
Northern arc capital ltd.

₹ 7,770 Mn

IPO Sep 2024
Samvardhana motherson
international ltd.

₹ 64,376 Mn

QIP Sep 2024
Bajaj housing finance
ltd.

₹ 65,600 Mn

IPO Sep 2024
Baazar style retail ltd.

₹ 8,347 Mn

IPO + Pre-IPO Aug 2024
Interarch building
products ltd.

₹ 6,003 Mn

IPO Aug 2024
Tata consumer products
ltd.

₹ 29,978 Mn

Rights Issue Aug 2024
Ola electric mobility
ltd.

₹ 61,456 Mn

IPO Aug 2024
Cyient dlm

₹ 8,790 Mn

Block Aug 2024
Alkem labs

₹ 4,870 Mn

Block Aug 2024
Akums drugs &
pharmaceuticals ltd.

₹ 18,567 Mn

IPO Jul 2024
Emcure pharmaceuticals
ltd.

₹ 19,520 Mn

IPO Jul 2024
Stanley lifestyles ltd.

₹ 5,370 Mn

IPO Jun 2024
Craftsman automation

₹ 12,000 Mn

QIP Jun 2024
Le travenues technology
ltd.

₹ 9,160 Mn

IPO + Pre-IPO Jun 2024
Alkem labs

₹ 9,900 Mn

Block Jun 2024
Thermax

₹ 7,650 Mn

Block Jun 2024
Sudarshan chemicals

₹ 910 Mn

Block Jun 2024
Cartrade tech

₹ 2,000 Mn

Block Jun 2024
Rr kabel

₹ 1,710 Mn

Block Jun 2024
Affle technologies

₹ 3,230 Mn

Block Jun 2024
Archean chemicals

₹ 8,190 Mn

Block Jun 2024
Awfis space solutions
ltd.

₹ 6,530 Mn

IPO + Pre-IPO May 2024
Keystone realtors ltd.

₹ 8,000 Mn

QIP May 2024
Go digit general
insurance ltd.

₹ 26,147 Mn

IPO May 2024
Tbo tek ltd.

₹ 15,508 Mn

IPO + Pre-IPO May 2024
Bharti hexacom ltd.

₹ 42,750 Mn

IPO Apr 2024
Vodafone idea ltd.

₹ 180,000 Mn

FPO Apr 2024
Gopal snacks ltd.

₹ 6,500 Mn

IPO Mar 2024
Jana small finance bank
ltd.

₹ 5,700 Mn

IPO Feb 2024
Apeejay surrendra park
hotels ltd.

₹ 9,200 Mn

IPO Feb 2024
Techno electric

₹ 1,250 Mn

Block Feb 2024
Epack durable ltd.

₹ 6,401 Mn

IPO Jan 2024
Grasim industries ltd.

₹ 39,998 Mn

Rights Issue Jan 2024
Medi assist healthcare
services ltd.

₹ 11,716 Mn

IPO Jan 2024
Nazara technologies

₹ 2,500 Mn

Preferential Issue Jan 2024
Azad engineering ltd.

₹ 7,400 Mn

IPO Dec 2023
Happy forgings ltd.

₹ 10,086 Mn

IPO Dec 2023
Muthoot microfin ltd.

₹ 9,600 Mn

IPO Dec 2023
Kaynes technology india
ltd.

₹ 14,000 Mn

QIP Dec 2023
Inox india ltd.

₹ 14,593 Mn

IPO Dec 2023
Indian bank

₹ 40,000 Mn

QIP Dec 2023
Sapphire foods

₹ 5,310 Mn

Block Dec 2023
Archean chemicals

₹ 2,520 Mn

Block Dec 2023
Sapphire foods

₹ 3,220 Mn

Block Dec 2023
Bharti airtel

₹ 83,010 Mn

Block Dec 2023
Jupiter wagons ltd.

₹ 4,034 Mn

QIP Nov 2023
Flair writing industries
ltd.

₹ 5,930 Mn

IPO Nov 2023
Rategain travel
technologies ltd.

₹ 6,000 Mn

QIP Nov 2023
Ask automotive ltd.

₹ 8,339 Mn

IPO Nov 2023
Timken india

₹ 5,740 Mn

Block Nov 2023
Maruti suzuki

Undisclosed

ECM Advisory Nov 2023
Jsw infrastructure ltd.

₹ 28,000 Mn

IPO Sep 2023
Signatureglobal (india)
ltd.

₹ 7,300 Mn

IPO Sep 2023
Blue star ltd.

₹ 10,000 Mn

QIP Sep 2023
Rr kabel ltd.

₹ 19,640 Mn

IPO Sep 2023
Happiest minds

₹ 1,140 Mn

Block Sep 2023
Nazara technologies ltd.

₹ 4,100 Mn

Preferential Issue Sep 2023
Bikaji foods

₹ 1,570 Mn

Block Sep 2023
Tvs supply chain
solutions ltd.

₹ 8,800 Mn

IPO Aug 2023
Sbfc finance ltd.

₹ 10,250 Mn

IPO Aug 2023
Gmm pfaudler

₹ 8,240 Mn

Block Aug 2023
Alkem labs

₹ 4,460 Mn

Block Aug 2023
Minda corp

₹ 3,330 Mn

Block Aug 2023
Bikaji foods

₹ 1,750 Mn

Block Aug 2023
Dlf

₹ 10,890 Mn

Block Aug 2023
The federal bank ltd.

₹ 30,400 Mn

QIP Jul 2023
Happiest minds
technologies ltd.

₹ 5,000 Mn

QIP Jul 2023
Cyient dlm ltd.

₹ 5,920 Mn

IPO + Pre-IPO Jun 2023
Aditya birla capital ltd.

₹ 17,500 Mn

QIP Jun 2023
Coal india ltd.

₹ 41,785 Mn

OFS(SE) Jun 2023
Tega industries

₹ 2,470 Mn

Block Jun 2023
Rate gain

₹ 2,060 Mn

Block Jun 2023
Vedant fashions ltd.

₹ 28,827 Mn

OFS(SE) May 2023
Mankind pharma ltd.

₹ 43,264 Mn

IPO Apr 2023
Pnb housing finance ltd.

₹ 24,938 Mn

Rights Issue Apr 2023
Pnb housing (re)

₹ 1,370 Mn

Block Apr 2023
Shriram finance ltd.

₹ 10,230 Mn

Block Mar 2023
Hdfc asset management
company ltd.

₹ 8,000 Mn

Block Mar 2023
Pvr ltd.

₹ 3,800 Mn

Block Mar 2023
Elin electronics ltd.

₹ 4,750 Mn

IPO Dec 2022
Hatsun agro product ltd.

₹ 3,011 Mn

Rights Issue Dec 2022
Indian railway catering &
tourism corp.ltd.

₹ 27,200 Mn

OFS(SE) Dec 2022
Landmark cars ltd.

₹ 5,520 Mn

IPO Dec 2022
Gmm pfaudler ltd.

₹ 13,090 Mn

Block Dec 2022
One 97 communications
ltd.

₹ 8,500 Mn

Buyback Dec 2022
Uniparts india ltd.

₹ 8,356 Mn

IPO Nov 2022
Keystone realtors ltd.

₹ 6,350 Mn

IPO Nov 2022
Bikaji foods
international ltd.

₹ 8,809 Mn

IPO Nov 2022
Dcx systems ltd.

₹ 5,000 Mn

IPO Oct 2022
Anupam rasayan india ltd.

₹ 5,000 Mn

QIP Sep 2022
Gr infraprojects ltd.

₹ 8,548 Mn

OFS(SE) Sep 2022
Harsha engineers
international ltd.

₹ 7,550 Mn

IPO Sep 2022
Tamilnad mercantile bank
ltd.

₹ 8,078 Mn

IPO Sep 2022
Pi industries ltd.

₹ 3,150 Mn

Block Sep 2022
Ami organics ltd.

₹ 2,700 Mn

Block Sep 2022
Dodla dairy ltd.

₹ 2,030 Mn

Block Sep 2022
Paradeep phosphates ltd.

₹ 15,017 Mn

IPO May 2022
Prudent corporate
advisory services ltd.

₹ 4,283 Mn

IPO May 2022
Lic of india

₹ 205,572 Mn

IPO May 2022
Indiabulls real estate
ltd.

₹ 8,650 Mn

QIP Apr 2022
Vedant fashions ltd

₹ 31,490 Mn

IPO Feb 2022
Neogen chemicals ltd

₹ 2,250 Mn

Preferential Issue Jan 2022
Cms info systems ltd

₹ 11,000 Mn

IPO Dec 2021
Supriya lifesciences ltd

₹ 7,000 Mn

IPO Dec 2021
Medplus health services
ltd

₹ 13,980 Mn

IPO Dec 2021
Metro brands ltd

₹ 13,680 Mn

IPO Dec 2021
C.e info systems ltd

₹ 10,390 Mn

IPO Dec 2021
Shriram properties ltd

₹ 6,000 Mn

IPO Dec 2021
Tega industries ltd

₹ 6,190 Mn

IPO Dec 2021
Star health & allied
insurance co ltd

₹ 60,190 Mn

IPO Nov 2021
Latent view analytics ltd

₹ 6,000 Mn

IPO Nov 2021
One 97 communications ltd

₹ 183,000 Mn

IPO Nov 2021
Route mobile ltd

₹ 8,670 Mn

QIP Nov 2021
S.j.s. enterprises ltd

₹ 8,000 Mn

IPO Nov 2021
Bharti airtel limited

₹ 209,874 Mn

Rights Issue Nov 2021
Fino payments bank ltd

₹ 12,000 Mn

IPO Oct 2021
Balrampur chini mills ltd

₹ 2,150 Mn

Buyback Oct 2021
Aditya birla sunlife amc
ltd

₹ 27,680 Mn

IPO Sep 2021
Ami organics ltd

₹ 6,700 Mn

IPO Sep 2021
Embassy office parks reit

₹ 20,250 Mn

Block Sep 2021
Canara bank ltd

₹ 25,000 Mn

QIP Aug 2021
Chemplast sanmar ltd

₹ 38,500 Mn

IPO Aug 2021
Cartrade tech ltd

₹ 29,990 Mn

IPO Aug 2021
Nuvoco vistas corp ltd

₹ 50,000 Mn

IPO Aug 2021
Religare enterprise ltd

₹ 5,700 Mn

Preferential Issue Aug 2021
Clean science &
technology ltd

₹ 15,470 Mn

IPO Jul 2021
India pesticides ltd

₹ 8,000 Mn

IPO Jun 2021
Brigade enterprises ltd

₹ 5,000 Mn

QIP Jun 2021
Dodla dairy ltd

₹ 5,200 Mn

IPO Jun 2021
Krishna institute of
medical science ltd

₹ 21,440 Mn

IPO Jun 2021
Jsw ispat special
products ltd

₹ 3,520 Mn

OFS Jun 2021
Shyam metalics & energy
ltd

₹ 9,090 Mn

IPO Jun 2021
Inox leisure ltd

₹ 3,000 Mn

QIP Jun 2021
Shriram transport finance
co ltd

₹ 20,000 Mn

QIP Jun 2021
Punjab national bank ltd

₹ 18,000 Mn

QIP May 2021
Affle (india) ltd

₹ 6,000 Mn

QIP Apr 2021
Hathway cable & datacom
ltd

₹ 4,420 Mn

OFS Apr 2021
Dilip buildcon ltd

₹ 5,100 Mn

QIP Apr 2021
Macrotech developers ltd

₹ 25,000 Mn

IPO Apr 2021
Rossari biotech ltd

₹ 3,000 Mn

Preferential Issue Apr 2021
Godrej properties limited

₹ 37,500 Mn

QIP Mar 2021
Easy trip planners
limited

₹ 5,100 Mn

IPO Mar 2021
Laxmi organic industries

₹ 6,000 Mn

IPO Mar 2021
Craftsman automation

₹ 8,240 Mn

IPO Mar 2021
Bank of baroda

₹ 45,000 Mn

QIP Feb 2021
Shoppers stop

₹ 2,992 Mn

Rights Issue Dec 2020
Tanla platforms

₹ 6,750 Mn

Block Nov 2020
Aditya birla fashion and
retail (abfrl)

₹ 9,951 Mn

Rights Issue Jul 2020
Bharti airtel ltd.

₹ 144,000 Mn

QIP Jan 2020
Bharti airtel ltd.

₹ 249,390 Mn

Rights Issue May 2019
Polycab india

₹ 13,453 Mn

IPO Apr 2019

Initial Public Offerings (IPOs)

Follow-on Public Offerings

Transactions

ECM

Axis Capital’s ECM practice is led by