Key Transactions

Book Running Lead Manager for QIP aggregating to INR 20 bn for PI Industries

Ambit was a lead manager for INR 20 bn QIP of PI Industries Ltd. Overwhelming demand from marquee domestic and foreign Investors resulted in the book getting subscribed 6x ie. ~INR 120 bn. Ambit helped the Company to broaden its shareholders base by bringing new FII investors in the book including some US based funds

Book Running Lead Manager for IPO for Mindspace Office Park REIT

Ambit was a Book running lead manager for the Initial Public Offer of Mindspace Business Parks REIT. The total Offer Size of this IPO was INR 45 bn, consisting of a fresh Issue of INR 10 bn and an Offer for Sale of INR 35 bn. The Offer received an overwhelming response from the market in both the Institutional as well as the Non-Institutional category.

Acquisition of telecom tower portfolio of Reliance Jio (RJIL) by Brookfield sponsored Tower Infrastructure Trust

One of largest Infrastructure deals in India till date. Ambit was the exclusive advisor to Brookfield, as a Sponsor of InvIT (Tower Infrastructure Trust), on the transaction - through this transaction Tower Infrastructure Trust became the owner of one of the largest telecom tower companies in India.

Primary capital raise and secondary stake sale by True North, Bessemer Venture Partners and other shareholders to Warburg Pincus

Warburg Pincus invested INR 7 bn through combination of primary fund raise and secondary sales by True North and Bessemer Venture Partners among others. This was the first large and marquee private equity transaction in the lending space in the midst of COVID-19 pandemic.

Book Running Lead Manager for QIP aggregating to INR 7.5 bn for PI IndustriesBook Running Lead Manager for IPO of Chemcon Speciality Chemicals Limited INR 3.18 bn IPO

Ambit was a lead manager for INR 7.5 bn QIP of SRF Ltd. Overwhelming demand from marquee domestic and foreign Investors resulted in the book getting subscribed ~7x. Ambit helped the Company to broaden its shareholders base by bringing new DII & FII investors in the book

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.

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

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.

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