Ambit Investment Banking Equity Capital Market services overview slide featuring a puzzle-piece arrow graphic

As one of India’s premier investment banks, Ambit provides advisory services across the full suite of Equity Capital Market (ECM) transactions.

Our Expertise

Our in-depth regulatory and procedural expertise enables us to develop innovative ECM solutions aligned with specific situations and objectives. Leveraging our global and domestic distribution reach, along with our understanding of:

  • Determining the appropriate quantum, instrument, and market for raising growth capital
  • Evaluating the optimal capital structure and mix
  • Assessing institutional, non-institutional, and retail investor appetite
  • Supporting preparatory steps for IPOs, including drafting DRHPs (with deal counsel) and navigating regulatory processes
  • Preparing marketing materials and positioning the business effectively for investors
  • Marketing the transaction to institutional investors to build demand
  • Leveraging relationships with HNIs and family offices for the non-institutional category, and working with broker partners (sub-syndicate members) to reach retail investors across the country.

our products
and Services

IPO

QIP

Rights issues

Preferential issues

Offer for sale

Buyback

Open offer

Delisting

Block deals

Advisory

Meet our Leadership

Rahul Mody profile picture

Rahul Mody

Managing Director & Head, Investment Banking

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Rahul Mody

Managing Director & Head, Investment Banking

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Rahul Mody is Managing Director & Head of Investment Banking at Ambit. He is also responsible for the Infrastructure vertical, comprising the Utilities, Power, Energy, Sustainability, Transport and Telecom sectors, as well as the Real Estate vertical.

He has 28 years of experience in Investment Banking. Rahul joined Ambit in 2014 from Greenhill, London where he was a Managing Director and Partner. In total, Rahul practised in Europe based out of London for 13 years.

He has also previously worked with Dresdner Kleinwort, Mumbai and London, and PricewaterhouseCoopers.

Having extensive relationships with companies and financial investors in India and globally, he has advised on several M&A as well as equity and debt capital raising transactions worth over $50bn.

Rahul is a qualified Chartered Accountant, Company Secretary and Cost Accountant, having graduated from Sydenham College of Commerce & Economics, Mumbai University.

Rahul has also completed Advanced Management Program from The Wharton School, University of Pennsylvania.

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Sandeep Sharma profile picture

Sandeep Sharma

Managing Director, Investment Banking

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Sandeep Sharma

Managing Director, Investment Banking

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Sandeep Sharma is an Executive Director (ECM) in the Investment Banking team of Ambit.

He has over 14 years of experience in managing equity capital market (ECM) transactions including IPOs, QIPs, rights issues, open offers and buybacks.

Previously Sandeep has worked with Antique Capital Markets, JM Financial and KPMG.

Sandeep is a CFA® Charter holder, a qualified Chartered Accountant and Post Graduate Diploma in Business Management from SPJIMR, Mumbai.

Sandeep Sharma profile picture

Key Transactions

Key Transactions
Pando.AI

M&A

Undisclosed

FY27

Exclusive financial advisor to Pando on its 100% Acquisition

Ambit acted as the exclusive financial advisor to Pando.ai on its acquisition by Fleetx.ai.

Exclusive financial advisor to Pando on its 100% Acquisition

Ambit acted as the exclusive financial advisor to Pando.ai on its acquisition by Fleetx.ai.

NXT Infra

ECM

INR 7 bn

FY27

Lead Manager to the Institutional Placement of Nxt-Infra Trust

Ambit acted as the Lead Manager to INR 7 bn Institutional Placement of Nxt-Infra Trust. Building on its deep institutional relationships, Ambit drove focused, high-conviction marketing that built broad-based demand across long-only investors

Lead Manager to the Institutional Placement of Nxt-Infra Trust

Ambit acted as the Lead Manager to INR 7 bn Institutional Placement of Nxt-Infra Trust. Building on its deep institutional relationships, Ambit drove focused, high-conviction marketing that built broad-based demand across long-only investors

Ather Energy Limited

ECM

INR 13 bn

FY27

Book Running Lead Manager for QIP of Ather Energy

Ambit was the Book Running Lead Manager for INR 13 bn QIP of Ather Energy Limited. The issue witnessed subscriptions of over 8x.

Book Running Lead Manager for QIP of Ather Energy

Ambit was the Book Running Lead Manager for INR 13 bn QIP of Ather Energy Limited. The issue witnessed subscriptions of over 8x.

Quick Clean Private Limited

Capital Raise

USD 14 mn

FY27

Exclusive financial advisor to QuickClean on its Series B fundraise

Ambit acted as the exclusive financial advisor to QuickClean on its USD 14 Mn Series B fundraise led by Stakeboat Capital, with participation from existing investors Alkemi Growth Capital and Blue Ashva Capital

Exclusive financial advisor to QuickClean on its Series B fundraise

Ambit acted as the exclusive financial advisor to QuickClean on its USD 14 Mn Series B fundraise led by Stakeboat Capital, with participation from existing investors Alkemi Growth Capital and Blue Ashva Capital

Manorama

ECM

INR 5.0 bn

FY27

Left Lead Manager for the QIP of Manorama Industries Limited

Ambit acted as the Left Lead Manager to INR 5 bn Qualified Institutions Placement of Manorama Industries Limited and leading end-to-end transaction execution

Left Lead Manager for the QIP of Manorama Industries Limited

Ambit acted as the Left Lead Manager to INR 5 bn Qualified Institutions Placement of Manorama Industries Limited and leading end-to-end transaction execution

medanta

ECM

INR 1.23 bn

FY27

Advisor and Broker to Sunil Sachdeva for sale of shares of Global Health (Medanta)

Advisor and Broker to Sunil Sachdeva for sale of 1mn shares of Global Health (Medanta) aggregating to c. INR 1.23 bn

Advisor and Broker to Sunil Sachdeva for sale of shares of Global Health (Medanta)

Advisor and Broker to Sunil Sachdeva for sale of 1mn shares of Global Health (Medanta) aggregating to c. INR 1.23 bn

Macquarie

M&A

NA

FY27

Advisor to Macquarie Asset Management on acquisition of CDPQ's Stake of upto c.37.5% in Maple Infrastructure Trust

Ambit acted as an advisor to Macquarie Asset Management on acquisition of CDPQ's Stake of upto c.37.5% in Maple Infrastructure Trust

Advisor to Macquarie Asset Management on acquisition of CDPQ's Stake of upto c.37.5% in Maple Infrastructure Trust

Ambit acted as an advisor to Macquarie Asset Management on acquisition of CDPQ's Stake of upto c.37.5% in Maple Infrastructure Trust

property-share

ECM

INR 2.45 bn

FY27

Sole BRLM to IPO of PropShare Celestia Scheme

Ambit acted as sole book running lead manager for IPO of the third scheme of Property Share Investment Trust - PropShare Celestia (SM-REIT) aggregating to c. INR 2.45 bn

Sole BRLM to IPO of PropShare Celestia Scheme

Ambit acted as sole book running lead manager for IPO of the third scheme of Property Share Investment Trust - PropShare Celestia (SM-REIT) aggregating to c. INR 2.45 bn

citius-transnet

ECM

INR 11 bn

FY27

Book Running Lead Manager for IPO of Citius TransNet Investment Trust

Ambit acted as the BRLM to INR 11 bn IPO of Citius TransNet Investment Trust. Launched amid subdued IPO market, yet saw strong Long-only investor participation, reflecting confidence in Citius TransNet InvIT’s story

Book Running Lead Manager for IPO of Citius TransNet Investment Trust

Ambit acted as the BRLM to INR 11 bn IPO of Citius TransNet Investment Trust. Launched amid subdued IPO market, yet saw strong Long-only investor participation, reflecting confidence in Citius TransNet InvIT’s story

Regulatory Information

CIN: U65923MH1997PTC109992

SEBI Merchant Banker Registration Number INM000010585 Registered Office: Ambit House, 449, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013

In case of investor grievance, mail us at [email protected] For other matters, mail us at

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Investor may also send complaints on the address given below:

Office of Investor Assistance and Education
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Plot No. C7, ‘G’ Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051

Notice to Clients, Investors, Beneficiaries, Stakeholders and Third Parties

Investors, clients, beneficiaries and stakeholders are hereby made aware that Ambit Private Limited, a SEBI registered Merchant Banker (SEBI Registration No. INM000010585) may also undertake certain fee-based, non-public fund-based activities, which may not be regulated by SEBI or any other financial sector regulator. Examples of such activities include private placements and related advisory services, M&A transactions advisory etc.

It may be noted that the SEBI investor protection mechanism will not be available for any grievance or disputes arising out of, or pertaining to, non-SEBI regulated activities.

This disclosure is made in terms of Clause 11.2.6 of the SEBI Circular no. HO/49/11/11(106)2025-CFD-RAC-DIL3/I/1796/2026 dated January 2, 2026 on “Specification of the consequential requirements with respect to Amendment of Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992”.