As per the reports by the Prime Database investment bankers, IIFL has been declared as India's leading investment bank for equity issuances by private sector companies.
IIFL Holdings Ltd. (IIFL) belongs to a category I Merchant Banker and is also belongs to the leading diversified financial services group. IIFL has been a renowned company and is involved in investment banking, Securities dealing, Loans & Mortgages and Wealth & Asset Management.
The first generation professionals have been promoting the IIFL Group and have a marquee of private equity investors such as Fairfax, General Atlantic and CDC.
IIFL completed its twenty-seven investment banking transactions, during the financial period of 2017-18, including eleven IPOs (Initial Public Offers) and also counting along eight follow-on transactions including listed companies which propelled it to the first position according to the reports of the Prime Database investment banking league tables considering the equity raised for private sector companies. IIFL has been counted amongst the leading investment bankers across India for some years now, considering the capital raised by it. IIFL is also regarded for having assisted, on an average, in providing about Rs. 48,000 crores of capital in the year 2017-18.
H Nemkumar, who is the President of the Institutional Equities & Investment Banking at IIFL, asserted, "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."
Nipun Goel, the Head of Investment Banking at IIFL, affirmed, "We offer strong senior management commitment to our clients which results in superior understanding and execution performance. While FY18 was a landmark year taking us to leadership, we continue to have a substantial pipeline of transactions which are at various stages of execution. As India's economic growth accelerates, we shall witness a large number of high-quality promoters tapping the capital markets."