ICICI Securities

ICICI Securities has been at the forefront of capital markets advisory for several decades and has also been involved in most of the major public equity issuances in recent times. The company was among the leading underwriters of Indian equity and equity linked offerings with unparalleled execution capabilities. ICICI Securities provides end-to-end fund raising solutions, from structuring to placement of the equity instrument.

The firm's expertise include Initial Public Offerings (IPOs), Further Public Offerings (FPOs), Rights Offerings, Convertible Offerings, Qualified Institutional Placement (QIP), Non-convertible Debentures, Buyback, Delisting, Open Offers and international offerings, for both, unlisted and listed entities.

ICICI Securities has successfully managed public issues of companies which were the first in their sector to tap the market - media both print and television, first Govt. of India divestment IPO, first pure-play internet company in India, first mobile VAS company, etc.

ICICI Securities was also involved in various pioneering issues in the Indian capital markets - the first issue using the new alternate book-building (French Auction) method (NTPC), the first issue of shares with Differential Voting Rights (Tata Motors), the first public issue of Non-Convertible Debentures (Tata Capital), the first delisting using the reverse book-building mechanism (Hewlett-Packard), etc.

With offices across major financial centres (New York, Singapore, Mumbai and Delhi), ICICI Securities delivers its products covering corporates and investors across geographies.

Key Recent Deals
In FY2010, ICICI Securities has helped companies raise ~ US$ 1.86 billion through QIPs and IPOs in FY2010. (Source: Prime Database). Some of the recent transactions include:

IPOs

Jaypee Infratech: In 2010, Book Running Lead Manager, Rs. 22.6 bn
A2Z Maintenance & Engineering Services: In 2010, Book Running Lead Manager, Rs. 8.6 bn
Punjab & Sind Bank: In 2010, Book Running Lead Manager, Rs. 4.7 bn
Nitesh Estates: In 2010, Book Running Lead Manager, Rs. 4.1 bn
Shree Ganesh Jewellery House:: In 2010, Book Running Lead Manager, Rs. 3.7 bn
Claris Life Sciences : In 2010, Book Running Lead Manager, Rs. 3 bn
Parabolic Drugs: In 2010, Book Running Lead Manager, Rs. 2 bn
Commercial Engineers & Body Builders Co: In 2010, Book Running Lead Manager, Rs. 1.7 bn
Adani Power: In 2009, Book Running Lead Manager, Rs. 30.2 bn
JSW Energy: In 2009, Book Running Lead Manager to the IPO of Rs. 27 bn
Godrej Properties: In 2009, Book Running Lead Manager, Rs 4.7 bn

Indian Depository Receipts (IDRs)

Standard Chartered: In 2010, Syndicate Member ? first-ever issuance of an IDR, Rs. 24.8 bn

FPOs

NTPC: In 2010, Book Running Lead Manager, Rs 84.8 bn
Power Grid Corp. Of India: In 2010, Book Running Lead Manager, Rs 74.4 bn
Rural Electrification Corporation: In 2010, Book Running Lead Manager, Rs 35.3 bn
Shipping Corporation Of India: In 2010, Book Running Lead Manager, Rs 11.6 bn
Engineers India: In 2010, Book Running Lead Manager, Rs 9.6 bn

Public Issue of Debt

Shriram Transport Finance Company: In 2010 & 2009 , Lead Manager, Rs 15 bn
L &T Infrastructure Finance Company: In 2010, Lead Manager, Rs 2.6 bn

QIPs

Adani Enterprises: In 2010, Book Running Lead Manager, Rs. 40 bn
GMR Infrastructure: In 2010, Lead Manager, Rs. 14 bn
Lanco Infratech: In 2009, Book Running Lead Manager, Rs. 7.3 bn
Alok Industries : In 2010, Book Running Lead Manager, Rs. 4.2 bn
Network18 Media & Investments: In 2009, Book Running Lead Manager, Rs. 2 bn
3I Infotech: In 2010, Book Running Lead Manager, Rs. 1.8 bn
Texmaco: In 2009, Sole Book Running Lead Manager, Rs. 1.7 bn
Adhunik Metaliks: In 2009, Book Running Lead Manager, Rs. 1.4 bn

Rights Issues

Adani Enterprise: In 2010, Lead Manager, Rs. 14.8 bn
IBN18 Broadcast: In 2010, Sole Lead Manager, Rs. 5.1 bn
Television Eighteen India: In 2009, Lead Manager, Rs. 5.04 bn
Infomedia18 : In 2009, Lead Manager, Rs. 1 bn Open Offer
Fame India : In 2010, Sole Manager to the Offer, Rs. 1.8 bn
Zenotech Laboratories : In 2010, Sole Manager to the Offer, Rs. 1.1 bn
OCL Iron & Steel : In 2009, Sole Manager to the Offer, Rs. 0.56 bn

Delisting

Sulzer India : In 2010, Sole Manager, Rs. 0.81 bn
Lotte India Corp: In 2009, Sole Manager, Rs. 0.4 bn
Avery India : In 2009, Sole Manager, Rs. 0.29 bn

Landmark Transactions

Tata Motors: First Rights Issue of shares with Differential Voting Rights
Tata Capital: First public issue of secured Non Convertible Debentures (NCD)
Daiichi Sankyo Co: Sole Managers to the one of the largest open offers of Rs 68.2 bn
Bharti Airtel: First 100% Book-Built IPO in India
HP: First delisting transaction in Indian markets using the Reverse Book-building mechanism
Punjab National Bank: Initiated the Book Building mechanism for Public Sector Banks
NTPC: First FPO under alternate book building (French Auction) route
Network 18 : First Rights Issue done on the basis of Partly Convertible Cumulative Preference Shares with a three in one structure
Television Eighteen : First IPO of a News Channel
Maruti Suzuki: First Government Of India Divestment through IPO
Sify: Sponsored ADR of an unlisted Indian company
Man Industries (India): The first Indian offering on the Dubai Financial Exchange to tap liquidity in the Middle East
Infoedge India (Naukri.com): First IPO of a pure-play Internet Company in India

ICICI Securities' Mergers and Acquisitions Advisory team creates and executes market leading solutions for clients' strategic business ambitions. Our mid-market focused M&A practice is consistently among the top 3 investment banks in India. The M&A team is proficient in domestic and international transactions including acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, mergers and exchange offers. The team also works closely with the leading financials sponsors or private equity houses in India. Our extensive knowledge of diverse industries and regulatory framework help us innovate and tailor products and structures to best suit the client?s short- and long-term strategic objectives.

ICICI Securities has a dedicated practice to assist companies with capital mobilisation through the private equity / venture capital route across their life-cycle.

We help companies to raise capital during the seed, growth and expansion phases as well as acquisition financing, structuring the deal to maximize value for all its stakeholders.

Our extensive industry knowledge across multiple sectors, wide-ranging deal structuring capabilities and thorough grasp of the regulatory environment make us the 'banker of choice', for companies and private equity funds alike.

We have working relationships with all major private equity players, both in India and abroad and can facilitate access for our clients to these investors. We advice on a wide variety of products including mezzanine and private equity financing, secondary sale transactions, pre-IPO deals and preferential allotments by listed companies.

In the advisory space, some of the transactions advised by ICICI Securities in FY10 included the following:

CEEBCO: In 2010, Exclusive Financial Advisor for Private Equity placement with Tata Capital, USD 15mn
Muthoot Finance: In 2010, Exclusive Financial Advisor for Private Equity placement with Barings and Matrix Partners, USD 17.5mn
A2Z Infrastructure: In 2009, Exclusive Financial Advisor for Private Equity placement with Indian Equity partners, USD 32.4 mn
Shiv-vani: In 2009, Exclusive Financial Advisor for Private Equity placement with Franklin Templeton, USD 20mn
PNB Housing Finance: In 2009, Exclusive Financial Advisor for Private Equity placement with New Silk Route, USD 17mn
Arcil: In 2009, Exclusive Financial Advisor for Private Equity placement with GIC, USD 60 mn
Nahar Retail: In 2008, Exclusive Financial Advisor for Private Equity placement with Sequoia, USD 27 mn
The Park Hotels (Apeejay Group): In 2007, Exclusive Financial Advisor for Private Equity placement with CSFB, USD 55mn
Powerica: In 2007, Exclusive Financial Advisor for Private Equity placement with Standard Chartered, USD 50mn
Vipul: In 2007, Exclusive Financial Advisor for Private Equity placement with Wachovia Securities, USD 57mn
Apar Industries: In 2006, Exclusive Financial Advisor for Private Equity placement with CLSA Singapore. USD 14.5mn
Tebma Shipyard: In 2007, Exclusive Financial Advisor for Private Equity placement with ICICI Ventures

Issuer	Status	Email
ACB (India) Limited	IPO	acb.ipo@icicisecurities.com
Advanced Enzyme Technologies Limited	IPO	aetl.ipo@icicisecurities.com
Akzo Nobel India Limited	Tender Buyback	akzonobel.buyback@icicisecurities.com
ALSTOM T&D India Limited	Open Offer	atdil.openoffer@icicisecurities.com
APW President Systems Limited	Delisting Offer	apw.delisting@icicisecurities.com
Bharat Heavy Electricals Limited (BHEL)	FPO	bhel.fpo@icicisecurities.com
Bharti Infratel Limited	Initial Public Offer	project.harvest@icicisecurities.com
Bhushan Steel Limited	Rights Issue	project.jewelstar@icicisecurities.com
Central Bank of India	Rights Issue	cbi.rights@icicisecurities.com
Chettinad Cement Corporation Limited	Delisting Offer	chettinad.delisting@icicisecurities.com
Credit Analysis & Research Limited	IPO	care.ipo@icicisecurities.com
Emaar MGF Land Limited	IPO	projectemarald@icicisecurities.com
Gammon Infrastructure Projects Ltd	Rights Issue	gammonrights@icicisecurities.com
Hindustan Copper Ltd	FPO	hcl.fpo@icicisecurities.com
Hitachi Home & Life Solutions (India) Limited	Rights Issue	hitachi.rights@icicisecurities.com
Housing and Urban Development Corporation Limited	Tax Free Bonds	hudco.bonds@icicisecurities.com
IDFC Bonds	Infrastructure Bond	idfcbonds@icicisecurities.com
IDFC Infra Bonds 2011-12	Infrastructure Bonds	idfcbonds@icicisecurities.com
IDFC Infra Bonds 2011-12 Tranche 3	Infrastructure Bond	idfcbonds@icicisecurities.com
India Infrastructure Finance Company Limited	Tax Free Bonds	project.iifcl@icicisecurities.com
Indian Railway Finance Corporation Ltd	Tax Free Bonds	irfc.taxfreebonds@icicisecurities.com
Jawaharlal Nehru Port Trust	Tax Free Bonds	jnpt.taxfreebonds@icicisecurities.com
JK Paper	JK Rights Offer	jkpaper.rights@icicisecurities.com
Kalpataru Limited	IPO	kalpataru.ipo@icicisecurities.com
L&T INFRASTRUCTURE FINANCE COMPANY LIMITED	Infrastructure Bond	ltinfra.bondissue@icicisecurities.com
Lavasa Corporation Limited	IPO	lavasa.ipo@icicisecurities.com
MANAPPURAM FINANCE LIMITED	Non Convertible Debenture	project.manappuram@icicisecurities.com
Muthoot Finance	Non Convertible Debenture	muthootfin.ncd@icicisecurities.com
National Highways Authority of India	Tax Free Bonds	nhaibonds@icicisecurities.com
National Housing Bank	Tax Free Bonds	nhb.taxfreebonds@icicisecurities.com
Network18 Media and Investments Ltd.	Rights Issue	network18.rights@icicisecurities.com
Power Finance Corporation Limited	FPO	pfc.fpo@icicisecurities.com
Power Finance Corporation Ltd	Tax Free Bonds	pfc.taxfreebonds@icicisecurities.com
Pride Hotels Limited	IPO	pride.ipo@icicisecurities.com
PTC India Financial Services Ltd	IPO	pfs.ipo@icicisecurities.com
Punjab & Sind Bank	IPO	psb.ipo@icicisecurities.com
Reliance Infratel Ltd	IPO	ritl.ipo@icicisecurities.com
Rural Electrification Corporation	Tax Free Bonds	rec.taxfreebonds@icicisecurities.com
Shemaroo Entertainment Limited	IPO	shemaroo.ipo@icicisecurities.com
Shriram City Union Finance Limited	Non Convertible Debenture	scufbondissue@icicisecurities.com
Shriram Transport Finance Company Limited	Non Convertible Debenture	stfcncd2012@icicisecurities.com
SREI Infrastructure Finance Ltd	Non Convertible Debenture	project.srei@icicisecurities.com
STERLITE ENERGY LIMITED	IPO	sel.ipo@icicisecurities.com
Tara Jewels	IPO	tara.ipo@icicisecurities.com
Tata Sponge Iron Limited	Open Offer	tsil.openoffer@icicisecurities.com
The Shipping Corporation of India Ltd.	FPO	sci.fpo@icicisecurities.com
The Tinplate Company of India Ltd	Open Offer	tcil.openoffer@icicisecurities.com
TV18 Broadcast Limited	Rights Issue	tv18.rights@icicisecurities.com
Wheels India Limited	Open Offer	wheels.openoffer@icicisecurities.com
Wonderla Holidays Limited	IPO	wonderla.ipo@icicisecurities.com