IIFL becomes India's top banker for equity issuances

By NT Bureau Published on Jun 22, 2018 04:59 PM IST

Chennai: The Prime Database Investment Bankers League table for FY 17-18 stated that IIFL is India’s top investment bank for equity issuances by private sector companies.

IIFL Holdings Ltd (IIFL) is a merchant banker and is a publicly listed company that is engaged in investment banking, securities dealing, wealth and asset management and loans and mortgages.

A release sated that furing the FY 17-18, IIFL completed 27 investment banking transactions including 11 IPOs (Initial Public Offers) and eight follow-on transactions involving listed companies. IIFL assisted, on an aggregate basis, in raising about Rs 48,000 crores of capital in the year 2017-18.

President - Institutional Equities and Investment Banking at IIFL, H Nemkumar, said, "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. We are empanelled with more than 400 institutional investors both in India and globally."