Key Transactions

Lead Manager for the Rights Issue for EIH Ltd

Ambit acted as the Sole Lead Manager for INR 3.5 bn rights issue of EIH Ltd. The issue witnessed an overwhelming response from institutional as well as retail investors, which lead to an oversubscription of ~1.6x

Book Running Lead Manager for QIP of Varroc Engineering Ltd

Ambit was a lead manager for INR 7 bn QIP of Varroc Engineering Ltd. Ambit was instrumental in bringing in the anchor investor  and also contributed ~48% of the total book

Book Running Lead Manager for IPO of Barbeque-Nation Hospitality Ltd

Ambit was a Book Running Lead Manager for the INR 4.5 bn IPO of Barbeque-Nation Hospitality. Ambit worked closely with investors and was able to generate overwhelming interest towards the Anchor Book. Ambit’s disproportionate effort on the Non-Institutional/Retail marketing front helped the Company broaden its reach within the NII and Retail categories.

Book Running Lead Manager for IPO of Anupam Rasayan India Ltd

Ambit was a Book Running Lead Manager for the INR 7.6 bn IPO of Anupam Rasayan India Ltd. As a leading research house for Chemicals sector, Ambit played a key role in shaping investor understanding about the opportunity provided by the sector, as well as Anupam Rasayan. The issue received an overwhelming response with main book getting subscribed ~44x, the institutional portion ~66x, non-institutional portion ~97x and retail portion ~11x.

Book Running Lead Manager for IPO for Brookfield India REIT

Ambit was a Book Running Lead Manager for the Initial Public Offer of Brookfield India REIT. The total Offer Size of this IPO was INR 38 bn. Ambit was instrumental in bringing in marquee investors in the anchor round as well as the main book. The Offer received a good response from the market in both the Institutional as well as the Non-Institutional category.

Manager to Tender Buyback Offer of Garware Technical Fibres

Ambit acted as Manager to tender Buyback Offer which helped the company distribute surplus cash to all shareholders

Series B fund raise from Sistema Asia & Evolvence

Infra.Market raised USD 20 mn in Series B financing round led by Evolvence India Fund, Sistema Asia Fund and Foundamental to fuel the next phase of expansion and growth. Existing investors Tiger Global, Accel and Nexus Venture Partners also participated in the round.

Series C fundraise from Abcworld Asia & CDC

CropIn raised USD 20 mn in Series C financing round led by ABC World Asia, an impact focussed PE fund, CDC Group and Pratithi Investment Trust. Existing investors Chiratae Ventures, Invested Development and Ankur Capital also participated in the round

Book Running Lead Manager for IPO of Chemcon Speciality Chemicals Limited INR 3.18 bn IPO

Ambit was a Book running lead manager in a two bank syndicate for the Initial Public Offer of Chemcon Speciality Chemicals Limited. The total Offer Size of this IPO was INR 3.18 bn, consisting of a fresh Issue of INR 1.65 bn and an Offer for Sale of INR 1.53 bn. The issue received an overwhelming response with main book getting subscribed ~149x, the institutional portion ~114x, non-institutional portion ~449x and retail portion ~41x.