Valmiki Leela Capital has built an initial public offering (IPO) pipeline of around ₹3,000 crore over the next 12-18 months after completing its maiden mainboard mandate with the ₹460-crore public issue of Deepa Jewellers. The SEBI-registered Category I merchant banker is working on proposed IPOs across renewable energy, power infrastructure, pharmaceuticals, packaging and fast-moving electrical goods.

Issues worth around ₹1,500 crore are currently being evaluated in the renewable energy and power sectors, the company said. The proposed IPOs remain subject to regulatory approvals, market conditions and individual companies’ timelines.

40 times overall. 09 times, respectively.

86% premium to the issue price of ₹177. The IPO's anchor book saw participation from institutional investors including Motilal Oswal, WhiteOak Capital, 360 ONE, Nomura, Citi, Alchemy Capital, UNIFI and Girik Capital.

Deepa Jewellers, an organised business-to-business 22-karat gold jewellery platform established in 2016 and based in Hyderabad, serves 373 customers across 13 states and one Union Territory. “Completing our maiden mainboard IPO mandate establishes an important operating base for Valmiki Leela Capital’s investment-banking business.

With a pipeline of approximately ₹3,000 crore, our focus is now on preparing issuers for the standards of governance, disclosure and execution demanded by public markets,” said Sandeep Gupta, director, Valmiki Leela Capital. “The next set of public-market candidates is emerging across manufacturing, energy infrastructure and domestic consumption.

The opportunity for merchant bankers is to help these companies translate their operating record, governance standards and proposed use of capital into an investment case that public-market investors can properly assess,” said Pankaj Agrawal, director, Valmiki Leela Capital.