Key Transactions

ECM

INR 38 bn

FY21

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.

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.

ECM

INR 7.6 bn

FY21

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 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.

ECM

INR 4.5 bn

FY21

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 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.

ECM

INR 7 bn

FY21

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 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

ECM

INR 3.5 bn

FY21

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

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

M&A

INR 21 bn

FY21

Sale of 99.22% shareholding by Promoters of C&S Electric Ltd. to Siemens

Promoters of C&S Electric ("C&S") divested 99% shareholding to Siemens. Acquisition of C&S strengthens Siemens’ position as a key supplier of LV power distribution & electrical installation technology in India. Siemens envisions this partnership to pave the way for the establishment of a design and manufacturing hub in India

Sale of 99.22% shareholding by Promoters of C&S Electric Ltd. to Siemens

Promoters of C&S Electric ("C&S") divested 99% shareholding to Siemens. Acquisition of C&S strengthens Siemens’ position as a key supplier of LV power distribution & electrical installation technology in India. Siemens envisions this partnership to pave the way for the establishment of a design and manufacturing hub in India

ECM

INR 3.5 bn

FY20

Ambit was the Sole Book Runner and Broker for the sale of Promoter’s stake in Relaxo Footwears Ltd

Helped the Promoters monetize a part of their stake in Relaxo Footwear via a secondary market sale and also enhance liquidity in the stock. Ambit successfully placed ~15% of free float at minimal discount of ~3%

Ambit was the Sole Book Runner and Broker for the sale of Promoter’s stake in Relaxo Footwears Ltd

Helped the Promoters monetize a part of their stake in Relaxo Footwear via a secondary market sale and also enhance liquidity in the stock. Ambit successfully placed ~15% of free float at minimal discount of ~3%

ECM

INR 2.28 bn

FY20

Manager to Tender Buyback Offer of Greaves Cotton

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner and indirectly increase promoter shareholding.

Manager to Tender Buyback Offer of Greaves Cotton

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner and indirectly increase promoter shareholding.

ECM

INR 0.33 bn

FY20

Manager to Open Market Buyback Offer of ACE Limited

Acted as Manager to Open Market Buyback Offer which helped the company to distribute surplus cash and improve return ratios and indirectly increase promoter shareholding.

Manager to Open Market Buyback Offer of ACE Limited

Acted as Manager to Open Market Buyback Offer which helped the company to distribute surplus cash and improve return ratios and indirectly increase promoter shareholding.