InvITs

About IB ECM M&A InvITs-REITs-SF Private Fund Raising

InvITs-REITs-SF Building new solutions

Axis Capital executes this novel investment instrument across asset classes and has several firsts to its credit – evidence of its agility in forging solutions for a changing landscape. Axis Capital is the dominant banker in this space, having executed the highest number of related deals.

Early Architect of New Instrument

Axis Capital has been India’s #1 InvIT/REIT Banker since 2017. We have consistently been the preferred banker of choice for all Global Infra Funds, large conglomerates, IPP/EPC players and real estate Developers. Axis Capital has been instrumental in mapping the contours of the new InvITs/REITs space over the past 7 years. We have led from the front in developing the very features of the instrument and in liaising with intermediaries

Educated varied investor classes about the product
Most active banker on the street in the InvIT space
Led more than 90% of India’s transactions in InvITs/REITs.

Unmatched Expertise

Axis Capital plays an active role in deals across infrastructure asset classes including Roads, Renewable Energy, Warehousing, Telecom and Digital Infrastructure and Electricity Transmission. Axis Capital has consistently proven its REIT leadership, being the banker to all the REIT transactions that have taken place in Indian markets.

The only banker in India to lead the 1st InvIT QIP, 1st InvIT Rights Issue, 1st REIT IPO, 1st REIT QIP, 1st InvIT M&A, 1st InvIT OFS, and been an advisor to the 1st InvIT sponsor change process
Rare all-round capability with in-depth product understanding, best-in-class regulatory oversight, and unparalleled marketing capabilities.

Structured Finance Advisory

Axis Capital’s Structured Finance Advisory offering is based on its strong Investment Banking capabilities. Till date we have advised on more than USD 1bn worth of deals for various corporates & promoters in India through a wide variety of innovative structures across sectors.

The team specialises in providing bespoke fund raising solutions in a wide range of situations viz: Promoter Financing, Acquisition Financing, Bridge to an Equity event, Inventory based financing. The structures help clients for fund-raising through customized solutions as per their requirements. Our unprecedented placement record is backed by strong domestic as well as international investor relationships and in-depth understanding of capital markets. Over the years, we have provided innovative structures to companies across diverse sectors like Pharma, Real Estate, Engineering, Media, Agro-Chemical etc.

Transactions

ECM M&A InvITs-REITs Private Fund Raising

Cube highways trust

₹ 21,072 Mn

InvIT - Follow On Sep 2024
India grid trust

₹ 17,919 Mn

InvIT - Follow On Aug 2024
Nxt infra invit

₹ 4,000 Mn

InvIT - Initial Private Placement Jul 2024
Bharat highways invit

₹ 25,000 Mn

InvIT - IPO Mar 2024
National highways infra
trust

₹ 71,970 Mn

InvIT - Follow On Mar 2024
Brookfield india real
estate trust

₹ 75,795 Mn

REIT - Follow On Feb 2024
Sustainable energy infra
trust

₹ 22,628 Mn

InvIT - Initial Private Placement Jan 2024
India grid trust

₹ 6,690 Mn

InvIT - Follow On Dec 2023

Intelligent supply chain
infrastructure trust

₹ 30,480 Mn

InvIT - Initial Private Placement Oct 2023
Highways infrastructure
trust

₹ 5,150 Mn

InvIT - Follow On Sep 2023
Data infrastructure trust

₹ 22,094 Mn

InvIT - Follow On Sep 2023
India grid trust

₹ 4,040 Mn

InvIT - Follow On Sep 2023
India grid trust

₹ 22,990 Mn

InvIT - Buy-Side Advisory Sep 2023
Data infrastructure trust

₹ 20,708 Mn

InvIT - Follow On Aug 2023
Brookfield india real
estate trust

₹ 23,050 Mn

REIT - Follow On Jul 2023
Indian highways
concession trust

Undisclosed

InvIT - IPO Jun 2023
Brookfield india real
estate trust

₹ 113,754 Mn

REIT - Fairness Opinion May 2023
Nexus select trust

₹ 32,000 Mn

REIT - IPO May 2023
Embassy office parks reit

₹ 3,348 Mn

REIT - Advisory Mar 2023
Anzen india energy yield
plus trust

₹ 7,500 Mn

InvIT - Initial Private Placement Nov 2022
Highways infrastructure
trust

₹ 4,160 Mn

InvIT - Initial Private Placement Aug 2022
Embassy office parks reit

₹ 20,250 Mn

REIT - Follow On Sep 2021
Virescent renewable
energy trust

₹ 4,600 Mn

InvIT - Initial Private Placement Sep 2021
Pg invit

₹ 77,350 Mn

InvIT - IPO May 2021
India grid trust

₹ 12,836 Mn

InvIT - Follow On Apr 2021
Brookfield india real
estate trust

₹ 38,000 Mn

REIT - IPO Feb 2021
Embassy office parks reit

₹ 36,852 Mn

REIT - Follow On Dec 2020
India grid trust

Undisclosed

InvIT - Advisory Sep 2020
Mindspace business parks
reit

₹ 45,000 Mn

REIT - IPO Jul 2020
India grid trust

₹ 25,140 Mn

InvIT - Follow On Apr 2019
Embassy office parks reit

₹ 47,500 Mn

REIT - IPO Mar 2019
Indinfravit trust

₹ 8,380 Mn

InvIT - Sell-side Advisory Feb 2019

Axis Capital’s InvITs-REITs-SF practice is led by

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Suraj Krishnaswamy Managing Director
Suraj heads Axis Capital’s industry coverage for TMT & Infrastructure. He also handles several key conglomerate relationships for Axis Capital. Based in Mumbai, he has been an integral part of Axis Capital/ENAM with nearly 2 decades of experience across M&A advisory, Equity Capital Markets, PE Adv...

Show More Reach Suraj Krishnaswamy
Anuj Mittal Managing Director - Real Estate & Logistics
Anuj leads chemicals, cements, logistics and industrial coverage for Axis Capital. He has 19 years of experience in investment banking in M&A advisory, capital markets and private equity financing. Anuj has previously worked with organizations like JM Financial, Edelweiss Capital and JP Morgan Chase...

Show More Reach Anuj Mittal

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