InvITs-REITs-SF Building new solutions

Axis Capital executes this novel investment instrument across asset classes and has several firsts to its credit – evidence of its agility in forging solutions for a changing landscape. Axis Capital is the dominant banker in this space, having executed the highest number of related deals.

Early Architect of New Instrument

Axis Capital has been India’s #1 InvIT/REIT Banker since 2017. We have consistently been the preferred banker of choice for all Global Infra Funds, large conglomerates, IPP/EPC players and real estate Developers. Axis Capital has been instrumental in mapping the contours of the new InvITs/REITs space over the past 7 years. We have led from the front in developing the very features of the instrument and in liaising with intermediaries

  • Educated varied investor classes about the product
  • Most active banker on the street in the InvIT space
  • Led more than 90% of India’s transactions in InvITs/REITs.

Unmatched Expertise

Axis Capital plays an active role in deals across infrastructure asset classes including Roads, Renewable Energy, Warehousing, Telecom and Digital Infrastructure and Electricity Transmission. Axis Capital has consistently proven its REIT leadership, being the banker to all the REIT transactions that have taken place in Indian markets.

  • The only banker in India to lead the 1st InvIT QIP, 1st InvIT Rights Issue, 1st REIT IPO, 1st REIT QIP, 1st InvIT M&A, 1st InvIT OFS, and been an advisor to the 1st InvIT sponsor change process
  • Rare all-round capability with in-depth product understanding, best-in-class regulatory oversight, and unparalleled marketing capabilities.

Structured Finance Advisory

Axis Capital’s Structured Finance Advisory offering is based on its strong Investment Banking capabilities. Till date we have advised on more than USD 1bn worth of deals for various corporates & promoters in India through a wide variety of innovative structures across sectors.

The team specialises in providing bespoke fund raising solutions in a wide range of situations viz: Promoter Financing, Acquisition Financing, Bridge to an Equity event, Inventory based financing. The structures help clients for fund-raising through customized solutions as per their requirements. Our unprecedented placement record is backed by strong domestic as well as international investor relationships and in-depth understanding of capital markets. Over the years, we have provided innovative structures to companies across diverse sectors like Pharma, Real Estate, Engineering, Media, Agro-Chemical etc.

Transactions

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    21,072 Mn

    InvIT - Follow On Sep 2024

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    17,919 Mn

    InvIT - Follow On Aug 2024

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    4,000 Mn

    InvIT - Initial Private Placement Jul 2024

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    25,000 Mn

    InvIT - IPO Mar 2024

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    71,970 Mn

    InvIT - Follow On Mar 2024

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    75,795 Mn

    REIT - Follow On Feb 2024

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    22,628 Mn

    InvIT - Initial Private Placement Jan 2024

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    6,690 Mn

    InvIT - Follow On Dec 2023

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    30,480 Mn

    InvIT - Initial Private Placement Oct 2023

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    22,990 Mn

    InvIT - Buy-Side Advisory Sep 2023

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    4,040 Mn

    InvIT - Follow On Sep 2023

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    22,094 Mn

    InvIT - Follow On Sep 2023

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    5,150 Mn

    InvIT - Follow On Sep 2023

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    20,708 Mn

    InvIT - Follow On Aug 2023

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    23,050 Mn

    REIT - Follow On Jul 2023

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    Undisclosed

    InvIT - IPO Jun 2023

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    32,000 Mn

    REIT - IPO May 2023

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    113,754 Mn

    REIT - Fairness Opinion May 2023

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    3,348 Mn

    REIT - Advisory Mar 2023

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    7,500 Mn

    InvIT - Initial Private Placement Nov 2022

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    4,160 Mn

    InvIT - Initial Private Placement Aug 2022

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    4,600 Mn

    InvIT - Initial Private Placement Sep 2021

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    20,250 Mn

    REIT - Follow On Sep 2021

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    77,350 Mn

    InvIT - IPO May 2021

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    12,836 Mn

    InvIT - Follow On Apr 2021

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    38,000 Mn

    REIT - IPO Feb 2021

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    36,852 Mn

    REIT - Follow On Dec 2020

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    Undisclosed

    InvIT - Advisory Sep 2020

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    45,000 Mn

    REIT - IPO Jul 2020

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    25,140 Mn

    InvIT - Follow On Apr 2019

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    47,500 Mn

    REIT - IPO Mar 2019

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    8,380 Mn

    InvIT - Sell-side Advisory Feb 2019


Axis Capital’s InvITs-REITs-SF practice is led by

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    Suraj Krishnaswamy Managing Director

    Suraj heads Axis Capital’s industry coverage for TMT & Infrastructure. He also handles several key conglomerate relationships for Axis Capital. Based in Mumbai, he has been an integral part of Axis Capital/ENAM with nearly 2 decades of experience across M&A advisory, Equity Capital Markets, PE Adv...

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    Anuj Mittal Managing Director - Real Estate & Logistics

    Anuj leads chemicals, cements, logistics and industrial coverage for Axis Capital. He has 19 years of experience in investment banking in M&A advisory, capital markets and private equity financing. Anuj has previously worked with organizations like JM Financial, Edelweiss Capital and JP Morgan Chase...

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