Domestic investment bankers rake in hefty bonuses as issues swell

All-time high mop-up of Rs 1.2 trillion through IPOs, QIPs in 2017-18

Domestic investment bankers are set to sign off a blockbuster year for equity fund-raising by taking home hefty bonuses, ranging between 100 and 200 per cent of their annual pay.

The current financial year has seen a mop-up in excess of Rs 1.2 trillion, a historic high, by way of initial public offerings (IPOs) and qualified institutional placements (QIPs).

Bonuses are typically commensurate with deal activity in any given year. Investment banks, on average, pocket 2-3 per cent as fees for managing an IPO and 1.5-2 per cent for handling QIPs. Fees vary depending on the issue size and the