Axis Capital Limited

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India Grid Trust (IndiGrid)
Rs. 12,840 Mn

Primary Product

ECM

Secondary Product

Rights Issue / Advisory / QIP

Date

Apr 2021
India Grid Trust (IndiGrid)
Rs. 12,840 Mn

Primary Product

ECM

Secondary Product

Rights Issue / Advisory / QIP

Date

Apr 2021
The first ever Qualified Institutional Placement (Preferential Issue) in the energy sector, the transaction attracted interest from marquee investors such as KKR, GIC and Schroder.
The first ever Qualified Institutional Placement (Preferential Issue) in the energy sector, the transaction attracted interest from marquee investors such as KKR, GIC and Schroder.

India Grid Trust raised Rs. 12,830 million through a Rights Issue, the first Rights Issue offering by an Infrastructure Investment Trust in India. An additional Rs. 25,140 million were raised to finance the second tranche of acquisitions for IndiGrid at a time when InvITs were still gathering acceptance from investors.

Axis Capital has led every follow-on transaction for IndiGrid – a testament to the quality of our service, We were the sole banker to IndiGrid for the Rights Issue. Spearheading multiple discussions with regulators with respect to procedure and allotment given, this was the first ever rights issue by an InvIT.
Using the combined network of Axis Capital and Axis Bank to get relevant regulatory approvals to enable participation of foreign investors and create strong investor demand for the issue; Axis Capital aided IndiGrid in carrying out the complicated and first of its kind voting process successfully and smoothly.

Axis Capital is the only banker in the country to have led the 1st InvIT QIP, 1st InvIT Rights Issue, 1st REIT QIP and 1st Renewable Energy Private listed InvIT. It continues to remain the banker of choice for InvITs and REITs in India.

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