Kolkata-based LSI Financial Services , which got Securities and Exchange Board of India (Sebi) licence for merchant banking operations last year, is eying 20 per cent growth in business in the present financial year.
The company has so far raised about Rs 4,000 crore for its corporate clients, ranging across sectors. The company recently raised Rs 650 crores for Jindal Power for their Phase IV 1200 MW power plant, and about Rs 800 crore for an auto parts major, said Barin Sarkar, chief executive, LSI.
The company is planning to focus on merger and acquisitions (M&A), project financing, debt syndication and financial restructuring in the coming year.
“With the merchant banking licence, we are looking to deal in the capital markets, for initial public offering(IPO), rights issue and other forms of capital raising for listed corporates,” said Sarkar. In 2008, his firm had raised about Rs 2,000 crore for companies through debt syndication. At present, a majority of LSI's income is from debt syndication, apart from mergers and acquisitions and a few cross-border deals.
