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

Cholamandalam investment
and finance company
limited

₹ 100 Mn

IPO Jul 2025
Hindustan zinc ltd

₹ 5,334 Mn

OFS(SE) Nov 2024
Himatsingka seide ltd

₹ 400 Mn

QIP Oct 2024
Waaree energies ltd.

₹ 4,321 Mn

IPO Oct 2024
Cochin shipyard ltd.

₹ 2,011 Mn

OFS(SE) Oct 2024
Waaree energies limited

₹ 43,210 Mn

IPO Oct 2024
Samvardhana motherson
international ltd.

₹ 6,438 Mn

QIP Sep 2024
Akums drugs &
pharmaceuticals ltd.

₹ 1,857 Mn

IPO Jul 2024

Test

₹ 100 Mn

test Apr 2025
Northern arc capital ltd.

₹ 777 Mn

IPO Sep 2024
Bajaj housing finance
ltd.

₹ 6,560 Mn

IPO Sep 2024
Cube highways invit

₹ 21,070 Mn

Blocks Sep 2024
Baazar style retail ltd.

₹ 835 Mn

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

₹ 600 Mn

IPO Aug 2024
Tata consumer products
ltd.

₹ 2,998 Mn

Rights Issue Aug 2024
Ola electric mobility
ltd.

₹ 6,146 Mn

IPO Aug 2024
Alkem labs

₹ 487 Mn

Block Aug 2024
Cyient dlm

₹ 879 Mn

Block Aug 2024
Emcure pharmaceuticals
ltd.

₹ 1,952 Mn

IPO Jul 2024
Stanley lifestyles ltd.

₹ 537 Mn

IPO Jun 2024
Craftsman automation ltd.

₹ 1,200 Mn

QIP Jun 2024
Le travenues technology
ltd.

₹ 916 Mn

IPO + Pre-IPO Jun 2024
Archean chemicals

₹ 819 Mn

Block Jun 2024
Affle

₹ 323 Mn

Block Jun 2024
Rr kabel

₹ 171 Mn

Block Jun 2024
Cartrade tech

₹ 200 Mn

Block Jun 2024
Sudarshan chemicals

₹ 91 Mn

Block Jun 2024
Thermax

₹ 765 Mn

Block Jun 2024
Alkem labs

₹ 990 Mn

Block Jun 2024
Keystone realtors ltd.

₹ 800 Mn

QIP May 2024
Awfis space solutions
ltd.

₹ 653 Mn

IPO + Pre-IPO May 2024
Go digit general
insurance ltd.

₹ 2,615 Mn

IPO May 2024
Tbo tek ltd.

₹ 1,551 Mn

IPO + Pre-IPO May 2024
Macrotech developers ltd
(lodha)

₹ 25,000 Mn

IPO Apr 2024
Bharti hexacom ltd.

₹ 4,275 Mn

IPO Apr 2024
Vodafone idea ltd.

₹ 18,000 Mn

FPO Apr 2024
Northern arc capital

₹ 9,100 Mn

IPO Mar 2024
Gopal snacks ltd.

₹ 650 Mn

IPO Mar 2024
Jana small finance bank
ltd.

₹ 570 Mn

IPO Feb 2024
Apeejay surrendra park
hotels ltd.

₹ 920 Mn

IPO Feb 2024
Techno electric

₹ 125 Mn

Block Feb 2024
Epack durable ltd.

₹ 640 Mn

IPO Jan 2024
Grasim industries ltd.

₹ 4,000 Mn

Rights Issue Jan 2024
Medi assist healthcare
services ltd.

₹ 1,172 Mn

IPO Jan 2024
Nazara tech

₹ 250 Mn

Preferential Issue Jan 2024
Azad engineering ltd.

₹ 740 Mn

IPO Dec 2023
Happy forgings ltd.

₹ 1,009 Mn

IPO Dec 2023
Kaynes technology india
ltd.

₹ 1,400 Mn

QIP Dec 2023
Muthoot microfin ltd.

₹ 960 Mn

IPO Dec 2023
Inox india ltd.

₹ 1,459 Mn

IPO Dec 2023
Indian bank

₹ 4,000 Mn

QIP Dec 2023
Bharti airtel

₹ 8,301 Mn

Block Dec 2023
Sapphire foods

₹ 322 Mn

Block Dec 2023
Archean chemicals

₹ 252 Mn

Block Dec 2023
Sapphire foods

₹ 531 Mn

Block Dec 2023
Jupiter wagons ltd.

₹ 403 Mn

QIP Nov 2023
Flair writing industries
ltd.

₹ 593 Mn

IPO Nov 2023
Rategain travel
technologies ltd.

₹ 600 Mn

QIP Nov 2023
Ask automotive ltd.

₹ 834 Mn

IPO Nov 2023
Maruti suzuki

Undisclosed

ECM Advisory Nov 2023
Timken india

₹ 574 Mn

Block Nov 2023
Jsw infrastructure ltd.

₹ 2,800 Mn

IPO Sep 2023
Signatureglobal (india)
ltd.

₹ 730 Mn

IPO Sep 2023
Blue star ltd.

₹ 1,000 Mn

QIP Sep 2023
Rr kabel ltd.

₹ 1,964 Mn

IPO Sep 2023
Bikaji foods

₹ 157 Mn

Block Sep 2023
Nazara technologies ltd.

₹ 410 Mn

Preferential Issue Sep 2023
Happiest minds

₹ 114 Mn

Block Sep 2023
Tvs supply chain
solutions ltd.

₹ 880 Mn

IPO Aug 2023
Sbfc finance ltd.

₹ 1,025 Mn

IPO Aug 2023
Dlf

₹ 1,089 Mn

Block Aug 2023
Bikaji foods

₹ 175 Mn

Block Aug 2023
Minda corp

₹ 333 Mn

Block Aug 2023
Alkem labs

₹ 446 Mn

Block Aug 2023
Gmm pfaudler

₹ 824 Mn

Block Aug 2023
The federal bank ltd.

₹ 3,040 Mn

QIP Jul 2023
Happiest minds
technologies ltd.

₹ 500 Mn

QIP Jul 2023
Cyient dlm ltd.

₹ 592 Mn

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

₹ 1,750 Mn

QIP Jun 2023
Rate gain

₹ 206 Mn

Block Jun 2023
Tega industries

₹ 247 Mn

Block Jun 2023
Coal india ltd.

₹ 4,179 Mn

OFS(SE) Jun 2023
Vedant fashions ltd.

₹ 2,883 Mn

OFS(SE) May 2023
Mankind pharma ltd.

₹ 4,326 Mn

IPO Apr 2023
Pnb housing finance ltd.

₹ 2,494 Mn

Rights Issue Apr 2023
Pnb housing (re)

₹ 137 Mn

Block Apr 2023
Pvr ltd.

₹ 380 Mn

Block Mar 2023
Hdfc asset management
company ltd.

₹ 800 Mn

Block Mar 2023
Shriram finance ltd.

₹ 1,023 Mn

Block Mar 2023
Elin electronics ltd.

₹ 475 Mn

IPO Dec 2022
Hatsun agro product ltd.

₹ 301 Mn

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

₹ 2,720 Mn

OFS(SE) Dec 2022
Landmark cars ltd.

₹ 552 Mn

IPO Dec 2022
One 97 communications
ltd.

₹ 850 Mn

Buyback Dec 2022
Gmm pfaudler ltd.

₹ 1,309 Mn

Block Dec 2022
Uniparts india ltd.

₹ 836 Mn

IPO Nov 2022
Keystone realtors ltd.

₹ 635 Mn

IPO Nov 2022
Bikaji foods
international ltd.

₹ 881 Mn

IPO Nov 2022
Bikaji foods
international limited

₹ 8,088 Mn

IPO Nov 2022
Uniparts india limited

₹ 8,360 Mn

IPO Nov 2022
Keystone realtors pvt.
ltd.

₹ 6,350 Mn

IPO Nov 2022
Anzen india energy yield
plus trust

₹ 7,500 Mn

InvIT Private Placement Nov 2022
Dcx systems ltd.

₹ 500 Mn

IPO Oct 2022
Anupam rasayan india ltd.

₹ 500 Mn

QIP Sep 2022
Gr infraprojects ltd.

₹ 855 Mn

OFS(SE) Sep 2022
Harsha engineers
international ltd.

₹ 755 Mn

IPO Sep 2022
Tamilnad mercantile bank
ltd.

₹ 808 Mn

IPO Sep 2022
Anupam rasayan india
limited

₹ 5,000 Mn

QIP Sep 2022
Harsha engineers
international limited

₹ 7,550 Mn

IPO Sep 2022
Dodla dairy ltd.

₹ 203 Mn

Block Sep 2022
Ami organics ltd.

₹ 270 Mn

Block Sep 2022
Pi industries ltd.

₹ 315 Mn

Block Sep 2022
Flexiloans

Undisclosed

IPO Jun 2022
Paradeep phosphates ltd.

₹ 1,502 Mn

IPO May 2022
Prudent corporate
advisory services ltd.

₹ 428 Mn

IPO May 2022
Life insurance corp.of
india

₹ 20,557 Mn

IPO May 2022
Paradeep phosphates
limited

₹ 15,020 Mn

IPO May 2022
Indiabulls real estate
ltd.

₹ 865 Mn

QIP Apr 2022
Vedant fashions ltd

₹ 3,149 Mn

IPO Feb 2022
Vedant fashions
(manyavar) limited

₹ 31,490 Mn

IPO Jan 2022
Neogen chemicals ltd

₹ 225 Mn

Preferential Issue Jan 2022
Cms info systems ltd

₹ 1,100 Mn

IPO Dec 2021
Supriya lifesciences ltd

₹ 700 Mn

IPO Dec 2021
Medplus health services
ltd

₹ 1,398 Mn

IPO Dec 2021
Metro brands ltd

₹ 1,368 Mn

IPO Dec 2021
C.e info systems ltd

₹ 1,039 Mn

IPO Dec 2021
Shriram properties ltd

₹ 600 Mn

IPO Dec 2021
Medplus health services
ltd.

₹ 13,980 Mn

IPO Dec 2021
Metro brands limited

₹ 13,680 Mn

IPO Dec 2021
Borosil renewables ltd.

₹ 2,000 Mn

QIP, PIPE Dec 2021
Ce info systems
(mapmyindia)

₹ 10,400 Mn

IPO Dec 2021
Supriya lifescience
limited

₹ 7,000 Mn

IPO Dec 2021
Medplus health services
limited

₹ 13,980 Mn

IPO Dec 2021
Metro brands limited

₹ 13,680 Mn

IPO Dec 2021
Tega industries ltd

₹ 619 Mn

IPO Dec 2021
Star health & allied
insurance co ltd

₹ 6,019 Mn

IPO Nov 2021
Latent view analytics ltd

₹ 600 Mn

IPO Nov 2021
Route mobile ltd

₹ 867 Mn

QIP Nov 2021
One 97 communications ltd

₹ 18,300 Mn

IPO Nov 2021
Bharti airtel limited

₹ 209,870 Mn

Rights Issue Nov 2021
Latent view

₹ 6,000 Mn

IPO Nov 2021
Route mobile

₹ 8,670 Mn

QIP Nov 2021
Tega industries limited

₹ 6,190 Mn

IPO Nov 2021
S.j.s. enterprises
limited

₹ 8,000 Mn

IPO Nov 2021
S.j.s. enterprises ltd

₹ 800 Mn

IPO Nov 2021
Fino payments bank ltd

₹ 1,200 Mn

IPO Oct 2021
Bharti airtel ltd

₹ 20,987 Mn

Rights Issue Oct 2021
Balrampur chini mills ltd

₹ 215 Mn

Buyback Oct 2021
Aditya birla sunlife amc
ltd

₹ 2,768 Mn

IPO Sep 2021
Virescent renewable
energy trust

₹ 4,600 Mn

InvIT Private Placement Sep 2021
Virescent renewable
energy trust

₹ 4,600 Mn

InvIT Private Placement Sep 2021
Embassy office parks reit

₹ 20,240 Mn

Blocks Sep 2021
Ami organics limited

₹ 5,700 Mn

IPO Sep 2021
Embassy office parks reit

₹ 2,025 Mn

Block Sep 2021
Ami organics ltd

₹ 670 Mn

IPO Sep 2021
Canara bank ltd

₹ 2,500 Mn

QIP Aug 2021
Chemplast sanmar ltd

₹ 3,850 Mn

IPO Aug 2021
Nuvoco vistas corp ltd

₹ 5,000 Mn

IPO Aug 2021
Cartrade tech ltd

₹ 2,999 Mn

IPO Aug 2021
Nuvoco vistas

₹ 50,000 Mn

IPO Aug 2021
Chemplast sanmar limited

₹ 38,500 Mn

IPO Aug 2021
Religare enterprise ltd

₹ 570 Mn

Preferential Issue Aug 2021
Clean science &
technology ltd

₹ 1,547 Mn

IPO Jul 2021
Clean science and
technology limited

₹ 15,470 Mn

IPO Jul 2021
India pesticides ltd

₹ 800 Mn

IPO Jun 2021
Brigade enterprises ltd

₹ 500 Mn

QIP Jun 2021
Krishna institute of
medical science ltd

₹ 2,144 Mn

IPO Jun 2021
Dodla dairy ltd

₹ 520 Mn

IPO Jun 2021
Jsw ispat special
products ltd

₹ 352 Mn

OFS Jun 2021
Shyam metalics & energy
ltd

₹ 909 Mn

IPO Jun 2021
Inox leisure ltd

₹ 300 Mn

QIP Jun 2021
Shriram transport finance
co ltd

₹ 2,000 Mn

QIP Jun 2021
India pesticides limited

₹ 8,000 Mn

IPO Jun 2021
Krishna institute of
medical sciences limited

₹ 21,440 Mn

IPO Jun 2021
Brigade enterprises
limited

₹ 5,000 Mn

QIP Jun 2021
Shyam metalics and energy
limited

₹ 9,090 Mn

IPO Jun 2021
Punjab national bank ltd

₹ 1,800 Mn

QIP May 2021
Punjab national bank

₹ 37,880 Mn

QIP May 2021
Affle (india) ltd

₹ 600 Mn

QIP Apr 2021
Hathway cable & datacom
ltd

₹ 442 Mn

OFS Apr 2021
Dilip buildcon ltd

₹ 510 Mn

QIP Apr 2021
Macrotech developers ltd

₹ 2,500 Mn

IPO Apr 2021
India grid trust
(indigrid)

₹ 12,840 Mn

Rights Issue / Advisory / QIP Apr 2021
Affle

₹ 6,000 Mn

QIP Apr 2021
Powergrid infrastructure
investment trust

₹ 77,350 Mn

M&A, InvIT Private Placement Apr 2021
Macrotech developers
limited

₹ 25,000 Mn

IPO Apr 2021
Rossari biotech ltd

₹ 300 Mn

Preferential Issue Apr 2021
Godrej properties ltd

₹ 37,500 Mn

IPO Mar 2021
Easemytrip

₹ 5,100 Mn

IPO Mar 2021
Craftsman automation

₹ 8,240 Mn

IPO Mar 2021
Laxmi organic industries

₹ 6,000 Mn

IPO Mar 2021
Easy trip planners
limited

₹ 5,100 Mn

IPO Mar 2021
Godrej properties limited

₹ 37,500 Mn

QIP 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
Pvr ltd., inox leisure

₹ 14,000 Mn

M&A, QIP/Rights Issue Mar 2020
Bharti airtel

₹ 249,390 Mn

Rights Issue Jan 2020
Bharti airtel

₹ 144,000 Mn

QIP Jan 2020
Bharti airtel ltd.

₹ 144,000 Mn

QIP Jan 2020
Bharti airtel ltd.

₹ 249,390 Mn

Rights Issue May 2019

Initial Public Offerings (IPOs)

Follow-on Public Offerings

Transactions

ECM

Axis Capital’s ECM practice is led by