Valmiki Leela Capital completes maiden mainboard IPO mandate, builds Rs 3,000-crore pipeline

Valmiki Leela Capital Private Limited has completed its maiden mainboard initial public offering mandate as book-running lead manager with the Rs 460-crore IPO of Deepa Jewellers Limited. More importantly, the merchant banking entity is working on an IPO pipeline worth approximately Rs 3,000 crore over the next 12 to 18 months.

The twin developments mark Valmiki Leela Capital's entry into mainboard IPO arena and the expansion of its investment banking business across manufacturing, infrastructure, energy and consumption-driven sectors.

The SEBI-registered Category I merchant banker's pipeline includes proposed issues of around Rs 1500 crore in renewable energy and power sector, followed by sectors like pharmaceuticals, packaging and fast-moving electrical goods.

Source : Valmiki Leela Capital completes maiden mainboard IPO mandate, builds Rs 3,000-crore pipeline