Axis Capital Limited

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Godrej Properties Ltd
Rs. 37,500 Mn

Primary Product

ECM

Secondary Product

IPO

Date

Mar 2021
Godrej Properties Ltd
Rs. 37,500 Mn

Primary Product

ECM

Secondary Product

IPO

Date

Mar 2021
Axis Capital successfully led the third consecutive and the largest capital market offering by the Godrej Group. The transaction was launched in an extremely volatile equity capital market environment, with the deal priced at INR 1,450 per share, at 0.9% discount to the previous close.
Witnessing strong participation from marquee foreign and domestic investors despite the stock trading near an all-time high; 84% of the anchor book was subscribed by long-only investors

Axis Capital was instrumental in converting some of the key investors by conducting focused marketing with large & marquee clients. With this deal Axis Capital continues to lead the QIP charts having completed 14 QIPs in FY21 YTD – Highest by any Investment Bank.

Additionally, Axis Capital positioned Godrej Properties Limited (GPL) as a formidable player in the real estate space, while highlighting:

  • India’s largest publicly listed developer by booking value over the past five years
  • Strong project portfolio of over 186 million sq. ft. of saleable area across India
  • Superior sales and execution capabilities – Successfully delivered ~21 million sq. ft. of real estate in the past five years.
  • Emphasized GPL’s leadership position and it being a beneficiary of the industry consolidation underway
  • Proven end-to-end execution capabilities with innovation and ability to deliver projects at competitive cost and in time
  • While the industry was grappling with disruptions, GPL reported strong volumes and
    aggressively added projects

 

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