Rs. 37,500 Mn
Primary Product:
ECM
Secondary Product:
IPO
Date:
Mar 2021
Primary Product
ECM
Secondary Product
QIP, PIPE
Date
Dec 2021
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,
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- Positioned as an emerging Indian success story under the ESG theme, driven by strong government impetus towards clean energy and reduction in carbon footprint.
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- 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
Rs. 25,000 Mn
Primary Product:
ECM
Secondary Product:
IPO
Date:
Apr 21
Rs. 2,000 Mn
Primary Product:
ECM
Secondary Product:
QIP, PIPE
Date:
Dec 2021
Rs. 4,600 Mn
Primary Product:
ECM
Secondary Product:
InvIT Private Placement
Date:
Sep 2021
Rs. 12,840 Mn
Primary Product:
ECM
Secondary Product:
Rights Issue / Advisory / QIP
Date:
Apr 2021
Rs. 50,000 Mn
Primary Product:
ECM
Secondary Product:
IPO
Date:
Aug 2021
6350 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
November 2022
7,500 million
Primary Product:
ECM
Secondary Product:
InvIT Private Placement
Date:
November 2022
6,190 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
November 2021
5,000 million
Primary Product:
ECM
Secondary Product:
QIP
Date:
June 2021
9,090 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
June 2021
20,000 million
Primary Product:
PE
Secondary Product:
QIP
Date:
June 2021
77,350 million
Primary Product:
ECM
Secondary Product:
M&A, InvIT Private Placement
Date:
April 2021
25,000 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
April 2021
8,240 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
March 2021
37,500 million
Primary Product:
ECM
Secondary Product:
QIP
Date:
March 2021