Haldea says it is pivotal to review and improve the ecosystem for merchant bankers
The Association of Investment Bankers of India (AIBI) is focusing on creating a robust investment culture in India, making it their brand tagline.
AIBI Mascot called AIBI Chankakya, ‘The Investment Banker’ was also unveiled to boost the visibility of AIBI at the Annual Convention 2023-24, the theme of which was ‘Ease of Capital Formation’ in India.
“India is not only making headlines but also leading the global charge in capital formation, boasting the highest number of public offerings in CY 2023,” said Mahavir Lunawat, Chairman, AIBI & MD Pantomath Capital Advisors.
“About Rs.1.5 lakh crores of equity funds garnered through IPO & Post-IPO transactions,” he said, adding, “In another global showcase, Indian IPOs have performed well post-listing.”
More than 90% of the new issuances in India during CY23 stand at a premium to the IPO price. In contrast, more than 60% of new entrants are below IPO price in the USA.
“Interestingly, the average Indian IPO multiple in CY23 was 35 as against the related average Industry PE multiple of 63,” Lunawat shared after the convention held 22 Jan 2024.
Elaborated Lunawat, “With a galloping economy, a sizable population, and a robust regulatory framework, India has become the most desirable location for investors looking to capitalize on the nation’s potential.
“The Indian capital market has consistently advanced as one of the most resilient marketplaces globally, providing impetus to the much-needed capital formation process.
“On the sidelines of these developments, the nine launches in capacity building of merchant bankers, promoting investor awareness, and achieving ease of doing business in capital formation are well-timed.”
AIBI has unveiled nine game changing initiatives at the convention.
Prithvi Haldea, Advisor, Association of Investment Bankers of India, added, “For the Indian capital market to grow into the next orbit, it is pivotal to review and improve the ecosystem to cater to the issuers and merchant bankers.
“The 9 initiatives are aimed at offering a transparent, information exchange platform powered by AIBI, enabling investors and merchant bankers to make informed decisions.”
Entrepreneurs, investors, fund managers, investment bankers, other experts, regulators, and academia participated in the convention. They deliberated on a variety of themes related to ease of capital formation, investing culture, and the ease of entry and exit of investors. Fiinews.com
