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About IB ECM M&A InvITs-REITs Private Fund Raising
 
 
InvITs-REITs 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.

Primary 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.

Transactions

M&A
ECM M&A InvITs-REITs Private Fund Raising
  • ₹ 50,000 Mn

    IPO Aug 2021

  • ₹ 209,870 Mn

    Rights Issue Nov 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

  • ₹ 10,400 Mn

    IPO Dec 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

  • ₹ 209,870 Mn

    Rights Issue Nov 2021

  • ₹ 10,400 Mn

    IPO Dec 2021

  • ₹ 50,000 Mn

    IPO Aug 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

  • ₹ 209,870 Mn

    Rights Issue Nov 2021

  • ₹ 10,400 Mn

    IPO Dec 2021

  • ₹ 50,000 Mn

    IPO Aug 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

  • ₹ 8,670 Mn

    QIP Nov 2021

View More

Axis Capital’s InvITs-REITs practice is led by

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Axis Capital’s InvITs-REITs practice is led by

  • Managing Director Managing Director

    Suraj set up the InvIT-REIT practice at Axis and is one of the pioneers of the product in India. He heads industry coverage for Telecom, Media & Enterprise Tech (TMT) and Infrastructure verticals. He also handles key conglomerate relationships for Axis Capital. Suraj has been an integral part of Axis Capital/ENAM investment banking with 17 years of experience across M&A advisory, Equity Capital Markets, PE Advisory and Industry Coverage. Suraj has closed more than 120 deals and raised close to USD 20 bn across deals. Suraj holds an MBA degree from IIM Lucknow and a B.Tech in Chemical Engineering from Anna University Main Campus, Chennai.

    Reach Deepak
  • Managing Director Managing Director

    Suraj set up the InvIT-REIT practice at Axis and is one of the pioneers of the product in India. He heads industry coverage for Telecom, Media & Enterprise Tech (TMT) and Infrastructure verticals. He also handles key conglomerate relationships for Axis Capital. Suraj has been an integral part of Axis Capital/ENAM investment banking with 17 years of experience across M&A advisory, Equity Capital Markets, PE Advisory and Industry Coverage. Suraj has closed more than 120 deals and raised close to USD 20 bn across deals. Suraj holds an MBA degree from IIM Lucknow and a B.Tech in Chemical Engineering from Anna University Main Campus, Chennai.

    Reach Suraj
  • Managing Director Managing Director

    Suraj set up the InvIT-REIT practice at Axis and is one of the pioneers of the product in India. He heads industry coverage for Telecom, Media & Enterprise Tech (TMT) and Infrastructure verticals. He also handles key conglomerate relationships for Axis Capital. Suraj has been an integral part of Axis Capital/ENAM investment banking with 17 years of experience across M&A advisory, Equity Capital Markets, PE Advisory and Industry Coverage. Suraj has closed more than 120 deals and raised close to USD 20 bn across deals. Suraj holds an MBA degree from IIM Lucknow and a B.Tech in Chemical Engineering from Anna University Main Campus, Chennai.

    Reach Suraj

Transaction Details for ION Energy Inc

  • ₹ 10,400 Mn

    IPO Dec 2021

    The transaction involved Endurance purchasing 51% stake in Maxwell Energy System Pvt. Ltd (Maxwell), a subsidiary of ION Energy Inc. (renowned energy tech start-up) with remaining 49% to be purchased in a phased manner over 5 years – Maxwell is engaged in the business of development, manufacturing, assembly and selling of advanced electronics in the form of battery management systems (BMS) and battery focused power distribution units for electric vehicles and energy storage systems – Endurance is one of the leading automotive component manufacturers having a diverse range of technology intensified products with operations in India and Europe. ETL is engaged in designing / engineering, manufacturing of aluminium castings, suspensions, braking systems and transmissions – Maxwell’s BMS is the first specific EV product in Endurance’s portfolio, Endurance plans to leverage Maxwell’s deep technical expertise developed over the years and its BMS deployment experience in Indian and European conditions – Endurance aims to offer its products to multiple new customers, including Indian automotive OEMs and battery pack manufacturers

    Axis Capital acted as exclusive Financial Advisor to ION Energy Inc. – Axis Capital ran a global competitive process and reached out to potential acquirers from North America, Europe & Asia – Extended comprehensive transaction support to the client team ranging from deal conceptualisation & structuring, buyer outreach, negotiations, due diligence coordination and transaction documentation, besides assisting in overall transaction process management
  • ₹ 10,400 Mn

    IPO Dec 2021

    The transaction involved Endurance purchasing 51% stake in Maxwell Energy System Pvt. Ltd (Maxwell), a subsidiary of ION Energy Inc. (renowned energy tech start-up) with remaining 49% to be purchased in a phased manner over 5 years – Maxwell is engaged in the business of development, manufacturing, assembly and selling of advanced electronics in the form of battery management systems (BMS) and battery focused power distribution units for electric vehicles and energy storage systems – Endurance is one of the leading automotive component manufacturers having a diverse range of technology intensified products with operations in India and Europe. ETL is engaged in designing / engineering, manufacturing of aluminium castings, suspensions, braking systems and transmissions – Maxwell’s BMS is the first specific EV product in Endurance’s portfolio, Endurance plans to leverage Maxwell’s deep technical expertise developed over the years and its BMS deployment experience in Indian and European conditions – Endurance aims to offer its products to multiple new customers, including Indian automotive OEMs and battery pack manufacturers

    Axis Capital acted as exclusive Financial Advisor to ION Energy Inc. – Axis Capital ran a global competitive process and reached out to potential acquirers from North America, Europe & Asia – Extended comprehensive transaction support to the client team ranging from deal conceptualisation & structuring, buyer outreach, negotiations, due diligence coordination and transaction documentation, besides assisting in overall transaction process management
  • ₹ 10,400 Mn

    IPO Dec 2021

    The transaction involved Endurance purchasing 51% stake in Maxwell Energy System Pvt. Ltd (Maxwell), a subsidiary of ION Energy Inc. (renowned energy tech start-up) with remaining 49% to be purchased in a phased manner over 5 years – Maxwell is engaged in the business of development, manufacturing, assembly and selling of advanced electronics in the form of battery management systems (BMS) and battery focused power distribution units for electric vehicles and energy storage systems – Endurance is one of the leading automotive component manufacturers having a diverse range of technology intensified products with operations in India and Europe. ETL is engaged in designing / engineering, manufacturing of aluminium castings, suspensions, braking systems and transmissions – Maxwell’s BMS is the first specific EV product in Endurance’s portfolio, Endurance plans to leverage Maxwell’s deep technical expertise developed over the years and its BMS deployment experience in Indian and European conditions – Endurance aims to offer its products to multiple new customers, including Indian automotive OEMs and battery pack manufacturers

    Axis Capital acted as exclusive Financial Advisor to ION Energy Inc. – Axis Capital ran a global competitive process and reached out to potential acquirers from North America, Europe & Asia – Extended comprehensive transaction support to the client team ranging from deal conceptualisation & structuring, buyer outreach, negotiations, due diligence coordination and transaction documentation, besides assisting in overall transaction process management
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