Equity Capital Markets

A pioneer and leader in the equity capital markets

Highlights

  • Ranked #1 in IPOs in FY 2016*
  • Managed the largest 11 and 16 of the 20 largest IPOs since FY 2000 to FY2016*
  • A pioneer for new capital market products in India

*Source: Prime Database

Kotak Investment Banking, a pioneer and leader in the equity capital markets, has worked on the development of some of the most path-breaking innovations in the Indian capital markets including the introduction of book building in public offers and the introduction of Qualified Institutional Placements (QIPs) in India. The firm has a strong track record of managing several industry-defining deals and has been the book runner for some landmark government disinvestments.

To view landmark transactions, click here

Recent Deals

IPOs

  • Avenue Supermarts: In 2017, Sole Global Coordinator and Book Running Lead Manager, Rs 18.7 billion
  • CL Educate: In 2017, Sole Book Running Lead Manager, Rs 2.4 billion
  • PNB Housing Finance: In 2016, Book Running Lead Manager, Rs 30.0 billion
  • Laurus Labs: In 2016, Book Running Lead Manager, Rs 13.3 billion
  • L&T Infotech: In 2016, Book Running Lead Manager, Rs 12.3 billion
  • RBL Bank: In 2016, Global Coordinator and Left Lead Book Running Lead Manager, Rs 12.1 billion
  • Varun Beverages: In 2016, Book Running Lead Manager, Rs 11.0 billion
  • Mahanagar Gas: In 2016, Left Lead Book Running Lead Manager, Rs 10.4 billion
  • L&T Technology Services: In 2016, Left Lead Book Running Lead Manager, Rs 8.9 billion
  • Ujjivan Financial Services: In 2016, Book Running Lead Manager, Rs 8.8 billion
  • Parag Milk Foods: In 2016, Book Running Lead Manager, Rs 7.5 billion
  • Healthcare Global Enterprises: In 2016, Book Running Lead Manager, Rs 6.5 billion
  • InterGlobe Aviation: In 2015, Book Running Lead Manager, Rs 30 billion
  • Coffee Day Enterprises: In 2015, Book Running Lead Manager, Rs 11.5 billion
  • Dr Lal PathLabs: In 2015, Book Running Lead Manager, Rs 6.3 billion
  • SH Kelkar and Company: In 2015, Book Running Lead Manager, Rs 5.1 billion
  • Sadbhav Infrastructure Project: In 2015, Book Running Lead Manager, Rs. 4.9 bn
  • Manpasand Beverages: In 2015, Book Running Lead Manager, Rs. 4 bn
  • Adlabs Entertainment: In 2015, Book Running Lead Manager, Rs. 3.8 bn
  • Power Mech Projects: In 2015, Book Running Lead Manager, Rs. 2.7 bn
  • Ortel Communications: In 2015, Sole Book Running Lead Manager, Rs. 1.8 bn
  • Bharti Infratel: In 2012, Book Running Lead Manager, Rs. 41.7 bn
  • PC Jeweller: In 2012, Book Running Lead Manager, Rs. 6.0 bn
  • CARE Ratings: In 2012, Book Running Lead Manager, Rs. 5.4 bn
  • Speciality Restaurants: In 2012, Sole Book Running Lead Manager, Rs. 1.8 bn
  • Muthoot Finance: In 2011, Book Running Lead Manager, Rs. 9 bn
  • Future Ventures: In 2011, Book Running Lead Manager, Rs. 7.5 bn
  • Coal India: In 2010, Book Running Lead Manager, Rs. 152 bn
  • Jaypee Infratech: In 2010, Book Running Lead Manager, Rs. 22.3 bn
  • SKS Microfinance: In 2010, Book Running Lead Manager, Rs. 16.3 bn
  • DB Realty: In 2010, Book Running Lead Manager, Rs. 15 bn
  • Prestige Estates Projects: In 2010, Book Running Lead Manager, Rs. 12 bn
  • Oberoi Realty: In 2010, Book Running Lead Manager, Rs. 10.3 bn
  • Hathway: In 2010, Book Running Lead Manager, Rs 6.7 bn
  • Gujarat Pipavav Port: In 2010, Book Running Lead Manager, Rs 5.5 bn
  • Nitesh Estates: In 2010, Book Running Lead Manager, Rs. 4.1 bn
  • Eros International Media: In 2010, Book Running Lead Manager, Rs. 3.5 bn
  • Jubilant FoodWorks: In 2010, Sole Book Running Lead Manager, Rs 3.3 bn
  • Bajaj Corp: In 2010, Sole Book Running Lead Manager, Rs 3 bn
  • Hindustan Media Ventures: In 2010, Book Running Lead Manager, Rs 2.7 bn
  • Tecpro Systems: In 2010, Book Running Lead Manager, Rs 2.7 bn
  • Vascon Engineers: In 2010, Book Running Lead Manager, Rs 1.8 bn

FPOs

  • Engineers India: In 2014, Book Running Lead Manager, Rs. 5 bn
  • Power Grid Corporation of India: In 2013, Book Running Lead Manager, Rs. 69.6 bn
  • Tata Steel: In 2011, Book Running Lead Manager, Rs. 34.8 bn
  • NMDC: In 2010, Book Running Lead Manager, Rs. 99.3 bn
  • NTPC: In 2010, Book Running Lead Manager, Rs 84.8 bn
  • Rural Electrification Corporation: In 2010, Book Running Lead Manager, Rs 35.3 bn

Indian Depository Receipts (IDRs)

  • Standard Chartered: In 2010, Book Running Lead Manager – first-ever issuance of an IDR, Rs. 24.8 bn

Institutional Placement Programme

  • Muthoot Finance: In 2014, Book Running Lead Manager, Rs. 4.2 billion
  • DLF: In 2013, Book Running Lead Manager, Rs. 18.6 billion
  • Puravankara Projects: In 2013, Book Running Lead Manager, Rs. 1.9 billion
  • Mahindra Holidays: In 2013, Book Running Lead Manager, Rs. 1.1 billion
  • Godrej Properties: In 2012, Book Running Lead Manager, Rs. 4.7 billion
  • Godrej Industries: In 2012, Sole Book Running Lead Manager, Rs. 3.7 billion

Offer For Sale

  • Container Corporation of India: In 2016, Selling Broker, Rs. 11.65 billion
  • Coal India: In 2015, Selling Broker, Rs. 225.6 billion
  • Indian Oil Corporation: In 2015, Selling Broker, Rs. 93.0 billion
  • Steel Authority of India: In 2014, Selling Broker, Rs. 17.2 billion
  • NTPC: In 2013, Selling Broker, Rs. 114.3 billion
  • Oil India: In 2013, Selling Broker, Rs. 31.5 billion
  • Steel Authority of India: In 2013, Selling Broker, Rs 15.2 billion
  • Bajaj Corp: In 2013, Selling Broker, Rs. 3.4 billion
  • Hindustan Copper: In 2013, Selling Broker, Rs. 2.6 billion
  • Oberoi Realty: In 2013, Selling Broker, Rs 1.9 billion
  • Puravankara Projects: In 2013, Selling Broker, Rs. 1.2 billion
  • Mahindra Holidays: In 2013, Selling Broker, Rs 0.9 billion
  • Hindustan Media Ventures: In 2013, Selling Broker, Rs. 0.2 billion
  • Hindustan Copper: In 2012, Selling Broker, Rs. 8.1 billion
  • DB Corp: In 2012, Selling Broker, Rs. 2.5 billion
  • Eros International: In 2012, Selling Broker, Rs. 0.5 billion

QIPs

  • State Bank of India: In 2017, Book Running Lead Manager, Rs. 150 bn
  • Kotak Mahindra Bank: In 2017, Book Running Lead Manager, Rs. 58 bn
  • Brigade Enterprises: In 2017, Book Running Lead Manager, Rs. 5 bn
  • Bharat Financial Inclusion: In 2016, Book Running Lead Manager, Rs. 7.5 bn
  • HDFC: In 2015, Book Running Lead Manager, Rs. 104.0 bn
  • Dewan Housing Finance Corporation: In 2015, Book Running Lead Manager, Rs. 8.1 bn
  • HCC: In 2015, Book Running Lead Manager, Rs. 4.0 bn
  • HSIL: In 2015, Book Running Lead Manager, Rs. 2.5 bn
  • IDFC: In 2014, Book Running Lead Manager, Rs. 10.0 bn
  • Ashok Leyland: In 2014, Book Running Lead Manager, Rs. 6.7 bn
  • CESC Limited: In 2014, Book Running Lead Manager, Rs. 4.9 bn
  • SKS Microfinance: In 2014, Book Running Lead Manager, Rs. 4 bn
  • City Union Bank: In 2014, Book Running Lead Manager, Rs. 3.5 bn
  • Astral Poly Technik: In 2014, Book Running Lead Manager, Rs. 2.4 bn
  • Cholamandalam: In 2013, Book Running Lead Manager, Rs. 3 bn
  • Mahindra & Mahindra Financial Services: In 2012, Book Running Lead Manager, Rs. 8.7 bn
  • Gujarat Pipavav Port Limited: In 2012, Book Running Lead Manager, Rs. 2 bn
  • M&M Financial Services: In 2011, Book Running Lead Manager, Rs. 4.3 bn
  • Adani Enterprises: In 2010, Joint Global Coordinator and Book Running Lead Manager, Rs. 40 bn
  • Bharat Forge: In 2010, Joint Global Coordinator and Book Running Lead Manager - first-ever simultaneous yet unlinked issuance of Equity and Non-Convertible Debentures + Warrants in India, Rs 6.2 bn
  • Godrej Consumer Products: In 2010, Book Running Lead Manager, Rs. 5.3 bn
  • Strides Arcolab: In 2010, Book Running Lead Manager, Rs. 4.6 bn
  • Jubilant Organosys: In 2010, Book Running Lead Manager, Rs. 3.9 bn
  • Jyothy Laboratories: In 2010, Book Running Lead Manager, Rs. 2.3 bn
  • Mahindra Forgings: In 2010, Book Running Lead Manager, Rs. 1.8 bn

Rights Issues

  • Tata Motors: In 2015, Lead Manager, Rs. 75.0 bn
  • Tata Power: In 2014, Lead Manager, Rs. 19.9 billion
  • Godrej Properties: In 2013, Sole Lead Manager, Rs. 7 billion
  • Camlin Kokuyo: In 2013, Sole Lead Manager, Rs. 1.1 billion
  • EPC Industrié Limited: In 2012, Lead Manager, Rs. 414.3 million

Block Deals

  • Bharti Infratel: In 2017, Broker, Rs. 19.7 billion & Rs. 61.9 billion
  • Dr Lal Pathlabs: In 2017, Broker, Rs. 1.2 billion
  • PVR: In 2017, Broker, Rs. 3.7 billion
  • ING: In 2016, Broker, Rs. 36.5 billion
  • Kotak Mahindra Bank: In 2016, Broker, Rs. 20.7 billion
  • Hero MotoCorp: In 2015, Sole Broker, Rs. 28.1 billion
  • Kotak Mahindra Bank: In 2014, Sole Broker, Rs. 22 billion
  • BHEL: In 2014, Sole Broker, Rs. 18.9 billion
  • Bajaj Corp: In 2014, Sole Broker, Rs. 3.2 billion

Landmark Transactions

  • Coal India: Largest IPO in India till date, Rs 152 bn
  • Coal India: Largest Equity Issuance in India, Rs 225.6 bn
  • Standard Chartered: First Issuance of Indian Depository Receipts (IDRs) – Rs. 24.8 bn
  • Godrej Properties: First Institutional Placement Programme (IPP) in India - Rs 4.7 bn
  • SKS Microfinance: First Initial Public Offer by a Microfinance Company in India – Rs. 16.3 bn
  • NTPC: First FPO under alternate book building route – Rs. 84.8 bn
  • HDFC: First QIP of Equity and NCD with detachable warrants – Rs. 43.0 bn
  • Hughes Software Systems: First Book Built IPO
  • Maruti: First Book Built IPO with stand by underwriting; IFR Deal of the Year

Team Leader

Jayasankar has been with the Kotak Mahindra Group for close to 20 years and has worked in diverse areas within the investment bank encompassing Capital Markets, Private Equity and M&A.

As the Head of Equity Capital Markets, he has worked on several pioneering and industry-defining transactions that have helped strengthen Kotak Investment Banking's leadership position in the industry. Has also advised several marquee private equity and buy-out funds helping them identify and invest in some of India's leading corporates as well as advising on divestures.

Is an Engineer (IIT, Madras) and MBA (IIM, Bangalore) with total work experience of nearly 25 years in financial advisory services.

Leadership team