Equity Capital Markets
A pioneer and leader in the equity capital markets
Highlights
- #1 Book Running Lead Manager for Equity Offerings in FY 2010*
- Led 15 of the 20 largest Indian Offerings from FY 2000 to FY 2010*
- A pioneer for new capital market products in India
*Source: Prime Database
Kotak Investment Banking, a pioneer and leader in the equity capital markets, has worked on the development of some of the most path-breaking innovations in the Indian capital markets including the introduction of book building in public offers and the introduction of Qualified Institutional Placements (QIPs) in India. The firm has a strong track record of managing several industry-defining deals and has been the book runner for some landmark government disinvestments.
To view landmark transactions, click here
Key Recent Deals
In FY2010, Kotak Investment Banking has been the lead manager to ten out of seventeen IPOs (above Rs. 2.5 billion) accounting for ~70% of the total money raised in these IPOs. We have helped companies raise ~ US$ 5.5 billion through QIPs and IPOs in FY2010. (Source: Prime Database). Some of the recent transactions include:
IPOs
- Jaypee Infratech: In 2010, Book Running Lead Manager, Rs. 22.3 bn
- SKS Microfinance: In 2010, Book Running Lead Manager, Rs. 16.3 bn
- DB Realty: In 2010, Book Running Lead Manager, Rs. 15 bn
- Hathway: In 2010, Book Running Lead Manager, Rs 6.7 bn
- Gujarat Pipavav Port: In 2010, Book Running Lead Manager, Rs 5.5 bn
- Nitesh Estates: In 2010, Book Running Lead Manager, Rs. 4.1 bn
- Jubilant FoodWorks: In 2010, Sole Book Running Lead Manager, Rs 3.3 bn
- Bajaj Corp: In 2010, Sole Book Running Lead Manager, Rs 3 bn
- Hindustan Media Ventures: In 2010, Book Running Lead Manager, Rs 2.7 bn
- Vascon Engineers: In 2010, Book Running Lead Manager, Rs 1.8 bn
- NHPC: In 2009, Book Running Lead Manager, Rs. 60.4 bn
- Adani Power: In 2009, Book Running Lead Manager, Rs. 30.2 bn
- JSW Energy: In 2009, Book Running Lead Manager to the IPO of Rs. 27 bn
- Pipavav Shipyard: In 2009, Co-book Running Lead Manager, Rs. 5 bn
- Godrej Properties: In 2009, Global Coordinator and Book Running Lead Manager, Rs 4.7 bn
- DB Corp: In 2009, Book Running Lead Manager, Rs. 3.8 bn
- Mahindra Holidays & Resort: In 2009, Global Coordinator and Book Running Lead Manager, Rs 2.8 bn
Indian Depository Receipts (IDRs)
- Standard Chartered: In 2010, Book Running Lead Manager – first-ever issuance of an IDR, Rs. 24.8 bn
FPOs
- NMDC: In 2010, Book Running Lead Manager, Rs. 99.3 bn
- NTPC: In 2010, Book Running Lead Manager, Rs 84.8 bn
- Rural Electrification Corporation: In 2010, Book Running Lead Manager, Rs 35.3 bn
QIPs
- Adani Enterprises: In 2010, Joint Global Coordinator and Book Running Lead Manager, Rs. 40 bn
- Bharat Forge: In 2010, Joint Global Coordinator and Book Running Lead Manager - first-ever simultaneous yet unlinked issuance of Equity and Non-Convertible Debentures + Warrants in India, Rs 6.2 bn
- Godrej Consumer Products: In 2010, Book Running Lead Manager, Rs. 5.3 bn
- Jubilant Organosys: In 2010, Book Running Lead Manager, Rs. 3.9 bn
- Jyothy Laboratories: In 2010, Book Running Lead Manager, Rs. 2.3 bn
- Mahindra Forgings: In 2010, Book Running Lead Manager, Rs. 1.8 bn
- HDFC: In 2009, Book Running Lead Manager - QIP of NCD with Detachable Warrants, Rs. 43 bn
- Housing Development & Infrastructure: In 2009, Joint Global Coordinator and Book Running Lead Manager, Rs. 16.9 bn
- GVK Power & Infrastructure: In 2009, Joint Global Coordinator and Book Running Lead Manager, Rs. 7.2 bn
- Cipla: In 2009, Global Coordinator and Book Running Lead Manager, Rs. 6.8 bn
- LIC Housing Finance: In 2009, Global Coordinator and Book Running Lead Manager, Rs. 6.6 bn
- PTC India: In 2009, Joint Global Coordinator and Book Running Lead Manager, Rs. 5 bn
- Nagarjuna Construction Company: In 2009, Global Coordinator and Book Running Lead Manager, Rs. 3.7 bn
- Patel Engineering: In 2009, Global Coordinator and Book Running Lead Manager, Rs. 3.4 bn
- Network 18: In 2009, Book Running Lead Manager, Rs. 2.1 bn
- Sunteck: In 2009, Book Running Lead Manager, Rs. 1.6 bn
- Orbit Corporation: In 2009, Global Coordinator and Book Running Lead Manager, Rs. 1.5 bn
Rights Issues
- Piramal Glass: In 2009, Lead Manager, Rs. 1.9 bn
- State Bank of India: In 2008, Lead Manager, Rs. 167 bn
Landmark Transactions
- Standard Chartered: First ever issuance of an Indian Depository Receipt
- Bharat Forge: First eversimultaneous yet unlinked Issuance of Equity and Non-Convertible Debentures + Warrants in India
- HDFC: First ever QIP of NCD with detachable warrants, Rs. 43 bn
- NHPC: Largest ever PSU IPO, Rs. 60.4 bn
- State Bank of India: Largest ever Equity Issuance in India, Rs. 167 bn
- Reliance Power: Largest IPO in India till date, Rs. 115.6 bn
- DLF: Largest Real Estate IPO in India till date, Rs. 91.9 bn
- GMR: Largest QIP transaction till date, Rs. 39.7 bn
- Mahindra Gesco: First QIP transaction exceeding, US$ 100 mn
- Hughes Software Systems: First Book Built IPO
- Maruti: First ‘French Auction’ in Asia
- IPCL: First Book Built Follow-on Offering
- HCL: First issue under 10% dilution guidelines
- Maruti: First Book Built IPO with stand by underwriting; IFR Deal of the Year
