IIFL Securities tops Prime Database IPO league table for private firms

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IIFL Securities announced today that it has retained its leadership position in equity capital raise by IPO for private sector corporates for the last 4 fiscal years (i.e. FY18-21 till date) in terms of total amount raised. Prime Database league tables shows that IIFL is ranked no 1, for the period starting April 1, 2017 to December 31, 2020. During this period, there were 70 equity IPOs by private sector firms aggregating to a total equity capital raising of Rs 82,177 crores. IIFL Securities topped the league table during the period and raised on an aggregate basis, equity capital of approximately Rs. 37,136 crore (45.20% of the total capital raised) on full credit basis.

IIFL Securities is a category I Merchant Banker and publicly listed company involved in the business of retail, institutional broking, investment banking and financial products distribution. IIFL Securities, is a part of IIFL Group, promoted by first generation entrepreneurs, Mr. Nirmal Jain and Mr. R Venkataraman. The IIFL Group is backed by marquee private equity investors such as Fairfax, General Atlantic and CDC across various businesses. 

IIFL Securities has been the preferred banker for most marquee deals in the private sector in India between April 2017 and December 2020. The list of IPOs completed by IIFL Securities includes among others, the IPOs of ICICI Lombard General Insurance, HDFC Standard Life Insurance Company, HDFC Asset Management, Reliance Nippon Life Asset Management, Ujjivan Small Finance Bank, CSB Bank, Federal Bank, Indian Energy Exchange, Security & Intelligence Services, Dixon Technologies (India), CreditAccess Grameen and Mrs. Bectors Food Specialities.

IIFL Securities has also been the banker for some of the largest QIPs including capital raise for State Bank of India, Housing Development Finance Corporation (HDFC), HDFC Bank, ICICI Bank, Info Edge (India), Embassy Office Parks REIT, Federal Bank, Deepak Nitrite, Aarti Industries . It also managed the rights issue for Karur Vysya Bank and lead managed the first InvIT in India for IRB INVIT Fund and the first REIT IPO of Embassy Office Parks. 

Mr. R. Venkataraman, MD, IIFL Securities commented on this milestone, “We have leveraged our strong distribution platform across institutional, wealth and retail segments to build a robust investment banking business. A key hallmark of our growth has been repeat clients. We believe in hand holding clients and working with them across their life cycles to provide the right advice.

We service clients across the size spectrum covering mega caps, mid-caps and even smaller companies. Our research is ranked highly in the internal rankings of leading institutional investors and we cover close to 250 stocks in the listed space.”

Mr. Nipun Goel Head- Investment Banking, IIFL Securities added, “We offer strong senior management commitment to our clients which results in superior understanding and execution performance.

Since the start of fiscal 2018, we have raised capital in excess of Rs. 116,000 crores covering IPOs, QIPs, rights issues, Offer for Sale, REIT and INVIT offerings in the capital markets. We continue to have a substantial pipeline of transactions which are at various stages of execution. As India’s economic growth accelerates, we shall witness a large number of high quality companies tapping the capital markets.”

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