(*1*)As per Prime Database, IIFL Securities is ranked as India’s No.1 funding financial institution for fairness IPOs for the monetary yr ending March 2023 and in the primary quarter of monetary yr 2024 ending in June, 2023 in phrases of variety of IPOs. IIFL Securities efficiently closed capital market offers (IPOs and QIPs) for 18 corporations serving to them elevate capital throughout this era.
(*1*)During this era IIFL Securities accomplished 15 IPOs which embody amongst others, IPOs for Mankind Pharma, Avalon Technologies, KFIN Technologies, Sula Vineyards, Kaynes Technology India, Archean Chemical Industries, Bikaji Foods International, Fusion Micro Finance, Tracxn Technologies, Electronics Mart India, Syrma SGS Technology, eMudhra and Rainbow (*18*)’s Care Hospital. IIFL Securities additionally managed the QIPs of Indiabulls Real Estate, Ujjivan Small Finance Bank and Data Patterns throughout the identical interval.
(*1*)IIFL Securities has constructed a robust Capital Markets platform which has been doable as a consequence of its unwavering dedication, superior consumer focus, sturdy analysis and superior distribution throughout investor classes – institutional buyers (each overseas and home), excessive net-worth people and retail buyers.
(*1*)Nipun Goel, Head of Investment Banking at IIFL Securities stated, “IIFL Securities has develop into probably the most most well-liked funding financial institution for corporates in India on the again of best-in-class fairness analysis and agile banking and distribution crew. We be sure that there is no compromise on compliance and disclosure, which has earned us the belief of India Inc. IIFL Securities will proceed to stick to the best ranges of company governance in its dealings with shoppers throughout the platform.”
(*1*)“A big a part of our enterprise tends to be repeat enterprise from present shoppers and we’re grateful to our shoppers for the belief that they’ve reposed in us.”
(*1*)In FY24, India’s GDP progress is anticipated to stay strong and the nation will stay the quickest rising main economic system in the world because it fared higher in recovering from pandemic-induced contraction, Russia-Ukraine battle and Inflation. Backed by sturdy macro fundamentals, Indian economic system has staged a broad based mostly restoration throughout sectors. Indian capital markets are additionally seeing sturdy assist from each DIIs and FIIs. Equity Capital Markets noticed document inflows from SIPs in 1Q-FY24.
(*1*)On the again of stronger fundamentals, FIIs additionally reinstated their dedication to India with Net FII Inflows standing at INR 1 Trillion (USD 12 Billion) in the primary quarter of FY24. As the Indian economic system continues to develop at a agency tempo, IIFL Securities expects traction in the fairness issuances by corporations with progress plans.
(*1*)About IIFL Securities
(*1*)IIFL Securities Ltd (NSE: IIFLSEC, BSE: 542773) is one of many key capital market gamers in the Indian monetary providers area. IIFL Securities together with its subsidiaries affords advisory and broking providers, monetary merchandise distribution, institutional analysis and funding banking providers. IIFL Securities has established itself through a mixture of modern expertise, numerous product choices, administration experience, and a large community of branches throughout India. The Company has developed long-term relationships with its prospects with sustained top quality efficiency and continues to be their most well-liked funding accomplice.