Aimed at raising the investor awareness while promoting financial literacy, a total of four initiatives were unveiled namely:

• Investor Section on AIBI Website
• An Aggregated Live Database of Current ECM Issuances
• Videos of upcoming IPOs
• Animated Video for Investors on ‘Know IPO Investing’

Similarly, three initiatives such as Standard Practice Manual for IPO Offer Documents; Revamped AIBI Due Diligence Manual; and Compendium of AIBI Advisories were unveiled, aiming towards building capacity, strengthening the institution of merchant banking, and achieving ease of doing business in capital formation.

Additionally, AIBI is also focussing 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.

“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. About INR 1.5 lac crores of equity funds garnered through IPO & Post-IPO transactions. 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.” Expressed Mr. Mahavir Lunawat, Chairman, AIBI & MD Pantomath Capital Advisors

Mr. Lunawat further added, “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.”

Adding to it, Mr. Prithvi Haldea, Advisor, Association of Investment Bankers of India, said, “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.

Association of Investment Bankers of India (AIBI) –

Association of Investment Bankers of India (AIBI) is the investment bankers’ sole representative body to SEBI and various statutory authorities. AIBI is recognised by SEBI as Designated Body for monitoring investor grievances relating to merchant bankers and bankers to issue. The Chairperson of AIBI represents Investment Bankers on the Primary Market Advisory Committee (PMAC) of SEBI, and has been active in representing the members’ views, comments, and suggestions on various regulatory reforms pertaining to the capital markets.

The post Association of Investment Bankers of India (AIBI) unveils 9 Game-Changing Initiatives, eyes Investor awareness, Merchant Banker’s capacity building and ease of capital formation in India appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Mumbai, Wednesday, January 17, 2024: The Association of Investment Bankers of India (AIBI) is set to host 12^th Annual Convention 2023-24 on coming Friday, January 19, 2024, at Jio World Convention Centre, BKC, Mumbai. The central theme of the convention will be ‘Ease of Capital Formation in India’  Ms. Madhabi Puri Buch, Chairperson of Securities and Exchange Board of India will be the Chief Guest of the Convention.

Guest of Honors would be Mr. Ananth Narayan, Whole Time Member, SEBI; Mr. Hemendra Kothari, Non-Executive Chairman, DSP Asset Managers Pvt. Ltd; Mr. Vallabh Bhansali, Co-Founder, ENAM Group and Mr. Sundararaman R, MD and CEO, BSE Ltd

The Annual Convention will have multiple insightful sessions on primary markets and fundraise. The senior leaderships from regulator, stock exchanges, and industry ecosystem will deep dive into the key challenges and possible solutions for the peers operating in Private Equity and Venture Capital, Alternate Investment Funds, Private Capital, Start-ups, Governance, and capital markets.

Mr. Mahavir Lunawat, Chairman, Association of Investment Bankers of India (AIBI), said, “Amidst the significant transformation of the Indian economy, robust capital formation takes a centre stage. In this backdrop, the AIBI Annual Convention’s timing is notably apt, providing an invaluable platform for thorough discussions on the theme Ease of Capital Formation. During the convention, AIBI will make important announcements and introduce additional standards for Merchant Bankers to adhere to. The emphasis shall be on Ease of Capital Formation while also considering the importance of investor awareness in the process.”

Mr. V.S. Sundaresan, Executive Director, SEBI; Mr. Sundararaman R, MD & CEO, BSE Ltd; Ms. K Kamala, Chief Regulatory Officer, BSE; Mr. Dinesh Soni, SVP, NSE will also share insights at the Convention.

Other Key Dignitaries include,

• Mr. Prithvi Haldea, Founder & Chairman, PRIME Database
• Mr. Hemendra Kothari, Non-Executive Chairman, DSP Asset Managers
• Mr. Arjun Mehra, MD, JM Financials Ltd
• Mr. Navneet Munot, MD & CEO, HDFC AMC Ltd
• Ms. Lekha Nair, Executive Director, Axis Capital Ltd
• Mr. Salil Pitale, Jt. MD, Axis Capital Ltd
• Mr. Kalpen Parekh, MD & CEO, DSP Mutual Fund
• Mr. Vijay Chandhok, ICICI Securities
• Mr. Vikas Khattar, MD & Co-Head IB, Ambit Capital
• Mr. Kishor Thakkar, MD, Link Intime
• Mr. Sudhir Bassi, Executive Director, Khaitan & Co
• Mr. Sachin Chandiwal, Director, AIBI & MD, DAM Capital
• Mr. Asad Daud, MD, Aeroflex Industries Ltd
• Mr. Ravi Dharamshi, Founder, MD & CIO, ValueQuest Investment Advisors
• Mr. Ashish Jakhanwala, Chairman, MD & CEO, Samhi Hotels
• Mr. Gopal Jain, Co-Founder, Gaja Capital
• Mr. Rishi Mandawat, MD, Bain Capital
• Mr. TCM Sundaram, Founder and Vice-Chairman, Chiratae Ventures
• Mr. Rohan Suri, MD, KKR &Co. Inc.
• Mr. Alok Harlalka, MD, Gretex Corporate Services Ltd
• Mr. Rajendra Naik, MD, Centrum Capital Ltd
• Mr. Sunish Sharma, Founder & MD, Kedaara Capital

The Convention will be followed by musical event where eminent Film Actor & Motivational Speaker Mr. Ashish Vidyarthi shall make a motivational talk and Indian playback and folk singer Mr. Mame Khan will perform musical melody.

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Mumbai, Thursday, October 05, 2023: With an aim to uplift the role of investment bankers in the current primary market scenario, Association of Investment Bankers of India (AIBI) – The sole representative body of investment bankers to SEBI, concluded its 1^st Off-site Roundtable Discussion at Ali-baug, Maharashtra. Led by Mr. Anant Barua, Former Whole-time Member, SEBI, Mr. Prithvi Haldea, Founder-Chairman, Prime Database, Dr S Subramanian, industry veteran and Former MD, Axis Capital, and Mr. Mahavir Lunawat, Chairman, Association of Investment Bankers of India (AIBI) along with the AIBI Board members and invitees, the discussions deliberated on the Enhanced Role of Investment Bankers in Getting Future Ready and Primary Market Reforms.

The discussion primarily focussed on the initiatives identified towards capacity building of merchant bankers, promoting investor awareness and achieving ease of doing business in capital formation. The most important tool for establishing ease of doing business and, consequently, contributing to nation building, is larger and faster capital formation. AIBI shall be working on identifying desired practices and processes that are crucial in expediting the capital formation. Similarly, the IPO process, timetables, and ways to simplify them while still meeting regulatory requirements will also be analysed by AIBI.

AIBI will set up a system to support merchant bankers’ capacity development and ongoing learning, especially for the new entrants who have registered as merchant bankers. Additionally, the updated due diligence guide for merchant bankers will be released by AIBI.

Expressing his views on the roundtable, Mr. Mahavir Lunawat, Chairman, Association of Investment Bankers of India, said, “After a full day of discussions at the AIBI Off-Site Roundtable, we have pinpointed particular areas for merchant bankers’ capacity building and continual learning, while also launching advocacy campaigns for financial literacy. We are collaborating closely with SEBI on a multitude of initiatives, such as establishing a SCORES platform at AIBI to track investor complaints about merchant bankers. The goal is to increase transparency and boost investor confidence.”  

Adding to it, Mr. Prithvi Haldea, Founder-Chairman, Prime Database, who has been an Honorary Advisor to AIBI for over a decade, said, “We have analysed various trends and data points which suggest the need for certain reforms in IPO documentation and processes, as also in the SME segment. AIBI must also play a larger role in investor education and in enhancing due diligence standards via strategic measures that elevate the investor confidence along with the market sentiments.” 

AIBI is now recognised by SEBI as ‘Designated Body’ to monitor all grievances of merchant bankers and bankers to issue. It will be working closely with SEBI to monitor investor grievances relating to IPOs and other corporate actions where merchant bankers are involved.  Furthermore, AIBI will soon launch a program of financial literacy through digital as well as physical modes. 

About Association of Investment Bankers of India (AIBI) –     

Association of Investment Bankers of India (AIBI) is the investment bankers’ sole representative body to SEBI and various statutory authorities. AIBI is recognised by SEBI as Designated Body for monitoring investor grievances relating to merchant bankers and bankers to issue. The Chairperson of AIBI represents Investment Bankers on the Primary Market Advisory Committee (PMAC) of SEBI, and has been active in representing the members’ views, comments, and suggestions on various regulatory reforms pertaining to the capital markets.

The post Association of Investment Bankers of India Holds Roundtable on Enhanced Role of Investment Bankers & Market Reforms appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.