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India’s investment bankers earn a record Rs 2,200 crore in 2021

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India’s investment banking industry saw its best year ever in 2021, as a wave of public offerings and share sales helped the industry collect its highest fees from bargain-making business.

investment banker 2,200 crore, thanks to a series of big-ticket IPOs and the emergence of India’s tech unicorn from startup to mature listed entities. According to data compiled by Refinitiv, the fee collected by bankers through share sale proceeds was more than three times as high as in 2020 at Rs 776.7 crore.

Atul Mehra, United said, “Despite the covid uncertainties, 2021 was a record-breaking year for IPOs and listings. We saw a vibrant market behind the huge interest from institutional and retail investors participating in a number of good and differentiated companies, including a developed, digital one.” Managing Director and Co-Head of Investment Banking

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Investors are now expected to be more selective, cautious and sensitive to valuations, he said, warning that “not all deals that are being filed may be done”.

“Bankers have strengthened their team size and sharpened their expertise to meet diversity IPO Mandate. But the tariff as a percentage in India is much lower than the global tariff.”

The data shows that $16.59 billion was raised in India through 120 IPOs in 2021, compared to $3.64 billion from 44 deals in 2020.

Top IPOs in 2021 included Paytm parent One97 Communications, Cartrade, Sona BLW, Clean Science, Fino Paybank, Aditya Birla Sun Life AMC, Kalyan Jewellers, MTAR Technologies, Lakshmi Organic, Easy Trip and Rakesh Jhunjhunwala-backed Nazra Technologies .

“In 2021, investment banks have benefited from strong activity in equity capital markets, equity private placements and deal in new-age technology companies, increased private equity purchases, particularly in leveraged transactions as well as digital Domestic consolidation with old economy companies in entering industries. sectors,” said Utpal Ojha, head of investment banking at Nomura India.

Eight Indian startups went public in 2021. The IPO of India’s first listed consumer-internet startup, Zomato, was subscribed nearly 40 times, while the share sale of India’s largest cosmetics retailer Nykaa was subscribed 81.7 times, giving the company a market share. Capitalization of about $13 billion.

Equity and equity-related offerings in Asia Pacific excluding Japan generated $506.9 billion in 2021, an all-time high and a 20.7% increase in earnings compared to a year ago.

Raj Balakrishnan, Head of India Investments, said, “The 2021 IPO and fundraising boom were driven by several factors… optimism about the Indian economy, supportive monetary policy and strong global and domestic liquidity driven by the Indian tech sector.” Banking, Bank of America.

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Hassaan Minhas

Hassaan is a journalist at UsamaSpeaks.com and he deals with Latest News, India News, and Tech News. Hassaan is a very professional and authentic news journalist.

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