ECM activities: ICICI Securities takes pole position with Rs 9K-crore deals

The first quarter of 2021 was strong for ECM activity with 46 deals worth Rs 56,300 crore, an increase of nearly 50% over the same period of 2020

Domestic investment banking outfit ICICI Securities has grabbed the pole position on the league table for equity capital market (ECM) activity in 2021. At the end of the first quarter, the subsidiary of private sector lender ICICI Bank had a 17 per cent market share, handling 13 deals worth a cumulative Rs 9,051 crore, the data provided by Bloomberg shows.
 
US-headquartered BofA Securities was second in the league with a 12 per cent market share through five deals worth Rs 6,492 crore.
 
Larger deals handled by ICICI Securities during the quarter were block transactions in Bharti Petroleum Corporation