Valmiki Leela Capital builds ₹3,000 crore IPO pipeline after maiden mainboard mandate
The SEBI-registered Category I merchant banker completed its first mainboard assignment with the ₹460 crore IPO of Deepa Jewellers
Valmiki Leela Capital has announced plans to build an IPO pipeline worth around ₹3,000 crore over the next 12 to 18 months, following its completion of a maiden mainboard mandate. The merchant banker, which finished its first mainboard assignment for Deepa Jewellers, a Hyderabad-based B2B gold jewellery platform, will focus on expanding its investment banking business across various sectors.
Upcoming mandates include proposed issues of approximately ₹1,500 crore from the renewable energy and power sectors, as well as companies from pharmaceuticals, packaging, and fast-moving electrical goods. These proposed offerings are contingent upon regulatory approvals, market conditions, and the respective companies' timelines.
Sandeep Gupta, Director at Valmiki Leela Capital, stated that completing the maiden mainboard IPO mandate establishes a solid operating base for the firm's investment-banking business. The firm's pipeline reflects the growing number of manufacturing, infrastructure, and consumer businesses seeking access to public capital.
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