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EY Investor Relations (IR) team, successfully led the origination, marketing and placement of equity shares for the Qualified Institutional Placement (QIP) of Shakti Pumps (India) Limited with domestic Mutual Funds.
EY Merchant Banking Services (EYMBS), SEBI registered Category I Merchant Banker, acted as a Sole Book Running Lead Manager to the QIP Issue.
Shakti Pumps (India) Limited, one of the leading domestic pumps manufacturers in India, is engaged in the manufacture and sale of solar and submersible pumps and motors under the ‘Shakti’ brand in India. The equity shares of the company are listed on BSE and NSE
We are delighted to announce the successful closure of the first QIP Issue under the EY umbrella. The INR 200 crore raise for Shakti Pumps is the first of many to come and enhances EY’s bouquet of offerings to its client portfolio. This achievement is but a culmination of our Investor Relations teams deep connect with the institutions coupled with the execution and the documentation capabilities of the EY Merchant Banking team. The ability to successfully execute a QIP plugs a gap in our capital market offerings and positions EY uniquely in this space.
We are delighted to announce the successful closure of the first QIP Issue under the EY umbrella. The INR 200 crore raise for Shakti Pumps is the first of many to come and enhances EY’s bouquet of offerings to its client portfolio. This achievement is but a culmination of our Investor Relations teams deep connect with the institutions coupled with the execution and the documentation capabilities of the EY Merchant Banking team. The ability to successfully execute a QIP plugs a gap in our capital market offerings and positions EY uniquely in this space.