Axis Capital Limited

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Borosil Renewables Ltd.
Rs. 2,000 Mn

Primary Product

ECM

Secondary Product

QIP, PIPE

Date

Dec 2021
Borosil Renewables Ltd.
Rs. 2,000 Mn

Primary Product

ECM

Secondary Product

QIP, PIPE

Date

Dec 2021
The first ever equity fund raise by an Indian solar panel component manufacturer in nearly a decade, the Qualified Institutional Placement was conceived and launched successfully against the backdrop of the COVID-19 pandemic and amidst several transactions competing for investor attention.
The Issue was subscribed multiples times and witnessed healthy participation from a variety of institutional investors both local and foreign, including marquee private equity fund Convergent.

Axis Capital acted as the sole BRLM to the issue and provided extensive support in the marketing and execution of the deal. Playing a critical role in building momentum and providing confidence to launch the deal, Axis Capital,

    • Positioned as an emerging Indian success story under the ESG theme, driven by strong government impetus towards clean energy and reduction in carbon footprint.

 

    • Showcased strong execution capability of the management with decades old customer relationships, accreditation from most global solar module manufacturers a significant entry barrier for newer players.

 

  • Structural winner in a post-COVID world which is likely to witness a significant jump in RE capacity additions, against the backdrop of geopolitical tensions with key exporting nations for solar glass and other solar equipment.

Transactions

Rectangle 18378 (3)
Rs. 37,500 Mn

Primary Product: 

ECM

Secondary Product:

IPO

Date:

Mar 2021
Rectangle 18378
Rs. 25,000 Mn

Primary Product: 

ECM

Secondary Product:

IPO

Date:

Apr 21
Rectangle 18380
Rs. 2,000 Mn

Primary Product: 

ECM

Secondary Product:

QIP, PIPE

Date:

Dec 2021
Group 1000003411 (2)
Rs. 4,600 Mn

Primary Product: 

ECM

Secondary Product:

InvIT Private Placement

Date:

Sep 2021
Rectangle 18378 (7)
Rs. 12,840 Mn

Primary Product: 

ECM

Secondary Product:

Rights Issue / Advisory / QIP

Date:

Apr 2021
nuvoco
Rs. 50,000 Mn

Primary Product: 

ECM

Secondary Product:

IPO

Date:

Aug 2021