Key Transactions

Ceva Logistics

M&A

NA

FY24

Advisor to Ceva Logistics on its acquisition of Stellar Value Chain

Ambit acted as the exclusive M&A advisor to CEVA Logistics on its acquisition of majority shareholding in Stellar Value Chain Solutions Private Limited from its current shareholders Warburg Pincus and Mr. Anshuman Singh

Advisor to Ceva Logistics on its acquisition of Stellar Value Chain

Ambit acted as the exclusive M&A advisor to CEVA Logistics on its acquisition of majority shareholding in Stellar Value Chain Solutions Private Limited from its current shareholders Warburg Pincus and Mr. Anshuman Singh

AXISCADES Technologies Limited

ECM

INR 2.2 bn

FY24

Book Running Lead Manager for QIP of AXISCADES Technologies

Ambit was a Book Running Lead Manager for INR 2.2 bn QIP of AXISCADES Technologies Limited. Ambit played a pivotal role in shaping Investors’ understanding of the opportunity provided by AXISCADES, leading to healthy Investor participation in the deal.

Book Running Lead Manager for QIP of AXISCADES Technologies

Ambit was a Book Running Lead Manager for INR 2.2 bn QIP of AXISCADES Technologies Limited. Ambit played a pivotal role in shaping Investors’ understanding of the opportunity provided by AXISCADES, leading to healthy Investor participation in the deal.

Aequs Infra

Capital Raise

NA

FY24

Credit fund raise for Aequs Infra

Ambit acted as the exclusive financial advisor to Aequs Infra for credit raise from Piramal Structured Credit Opportunity Fund

Credit fund raise for Aequs Infra

Ambit acted as the exclusive financial advisor to Aequs Infra for credit raise from Piramal Structured Credit Opportunity Fund

ECM

INR 12 bn

FY24

Book Running Lead Manager for IPO of India Shelter Finance Corporation Limited

Ambit acted as a Book running lead manager to the INR 12 bn IPO consisting a Fresh Issue of INR 8 bn and an Offer for Sale of INR 4 bn. The IPO received overwhelming response across categories with the overall mainbook subscription of ~38x and the QIB, HNI and Retail portions getting subscribed ~94x, ~30x and ~10x respectively.

Book Running Lead Manager for IPO of India Shelter Finance Corporation Limited

Ambit acted as a Book running lead manager to the INR 12 bn IPO consisting a Fresh Issue of INR 8 bn and an Offer for Sale of INR 4 bn. The IPO received overwhelming response across categories with the overall mainbook subscription of ~38x and the QIB, HNI and Retail portions getting subscribed ~94x, ~30x and ~10x respectively.

Aequs Pvt. Ltd.

Capital Raise

USD 54 mn

FY24

Equity fund-raise in Aequs Pvt. Ltd. for new ATP vertical

Ambit acted as the exclusive financial advisor to Aequs Pvt. Ltd. on its growth capital raise led by Amansa Capital. The round also saw participation from Steadview Capital, Catamaran (the family office of Infosys founder N. R. Narayana Murthy), Sparta Group LLC (the investment office of Desh Deshpande), Amicus Capital (through its affiliates), amongst others.

Equity fund-raise in Aequs Pvt. Ltd. for new ATP vertical

Ambit acted as the exclusive financial advisor to Aequs Pvt. Ltd. on its growth capital raise led by Amansa Capital. The round also saw participation from Steadview Capital, Catamaran (the family office of Infosys founder N. R. Narayana Murthy), Sparta Group LLC (the investment office of Desh Deshpande), Amicus Capital (through its affiliates), amongst others.

Vasant Chemicals Private Limited

M&A

NA

FY24

Divestment of majority shareholding by Vasant Chemicals to International Chemical Investors Group (ICIG)

Ambit acted as exclusive financial advisor to Vasant Chemicals (specialty chemicals & pharma intermediates) on the divestment of majority shareholding to International Chemical Investors Group (ICIG)

Divestment of majority shareholding by Vasant Chemicals to International Chemical Investors Group (ICIG)

Ambit acted as exclusive financial advisor to Vasant Chemicals (specialty chemicals & pharma intermediates) on the divestment of majority shareholding to International Chemical Investors Group (ICIG)

Yatharth Hospital & Trauma Care Services Limited

ECM

INR 8.07 bn

FY24

Book Running Lead Manager for IPO of Yatharth Hospital & Trauma Care Services Limited

Ambit acted as the Book running lead manager to the INR 8.07bn IPO (including a Pre-IPO of INR 1.20bn) of Yatharth Hospital & Trauma Care Services Limited.
This was the first Hospital sector IPO of FY24 and Ambit played an integral role in positioning Yatharth to Investors. The IPO received overwhelming response from investors with the overall main book subscription of ~37x and the QIB, HNI and Retail portions getting subscribed ~86x, ~39x and ~8x respectively.

Book Running Lead Manager for IPO of Yatharth Hospital & Trauma Care Services Limited

Ambit acted as the Book running lead manager to the INR 8.07bn IPO (including a Pre-IPO of INR 1.20bn) of Yatharth Hospital & Trauma Care Services Limited.
This was the first Hospital sector IPO of FY24 and Ambit played an integral role in positioning Yatharth to Investors. The IPO received overwhelming response from investors with the overall main book subscription of ~37x and the QIB, HNI and Retail portions getting subscribed ~86x, ~39x and ~8x respectively.

Tower Vision

M&A

NA

FY24

Advised shareholders of Tower Vision on sale of 100% stake to Ascend Telecom and GIP

Advised shareholders of Tower Vision on sale of 100% stake to Ascend Telecom and GIP

Advised shareholders of Tower Vision on sale of 100% stake to Ascend Telecom and GIP

Advised shareholders of Tower Vision on sale of 100% stake to Ascend Telecom and GIP

Senco Gold Limited

ECM

INR 4.05 bn

FY24

Book Running Lead Manager for IPO of Senco Gold Limited

Ambit acted as the Book running lead manager to the INR 4.05 bn IPO of Senco Gold Limited Ambit played a pivotal role in shaping investors' understanding of the opportunity provided by Senco. QIB portion subscribed ~190x with HNI & Retail book subscribed over ~68x & ~15x respectively, driving the overall response of ~76x

Book Running Lead Manager for IPO of Senco Gold Limited

Ambit acted as the Book running lead manager to the INR 4.05 bn IPO of Senco Gold Limited Ambit played a pivotal role in shaping investors' understanding of the opportunity provided by Senco. QIB portion subscribed ~190x with HNI & Retail book subscribed over ~68x & ~15x respectively, driving the overall response of ~76x