DSP Merrill Lynch Limited has been named the best domestic
equity house by AsiaMoney.
its June 2005 issue AsiaMoney said: "India
enjoyed another fantastic year 2004-2005 in equity capital
markets as domestic companies raised Rs246.33 billion
from June 2004 until the present, a record-breaking
total. And DSP Merrill Lynch was undoubtedly at the
heart of it enjoying a market share of 18.68 per cent
for domestic equity issues and underwriting $1.057 billion
equivalent. As a result, DSP Merrill Lynch is the runaway
winner for ''best domestic equity house."
ereport further says, "DSP Merrill Lynch can claim
credit for helping to underwrite almost every major
transaction of the year, be it initial public offerings
or secondary share issues, across a spectrum of sectors.
The standout deal of the year was Tata Consultancy Services
$1.169 billion equivalent IPO in August, for which DSP
Merrill Lynch jointly underwrote the Rs24.93 billion
domestic tranche. Demand for the IPO was enormous, with
orders exceeding $8 billion; and AsiaMoney chose
it as the top Asia equity issue for 2004."
"DSP Merrill Lynch also had a slew of other impressive
issues, including acting as joint bookrunner for the
domestic tranches of Jet Airways $433.89 million equivalent
IPO in February and Punjab National Bank''s $713.877
million equivalent IPO in March, some of the most high-profile
deals ever from India.
Merrill Lynch was voted second best for overall sales
services in Asiamoney''s 2004-2005 Broker''s Poll,
and was voted second in execution, behind CLSA.
on the award Mr. Hemendra Kothari, Chairman, DSP Merrill
Lynch Limited said: "The recognition of being the
best equity house in the industry in a particularly
challenging time, globally as well as in India, is very
encouraging." He added "the award reflects
our leadership position in IPOs and secondary share
issues across spectrum of sectors, as also our leadership
position in the equity capital markets."
Merrill Lynch Limited (DSP ML) is a joint venture with
Merrill Lynch & Co., the leading international capital
raising, financial management and advisory company,
which has a 40 per cent equity ownership
in DSP ML. DSP Merrill Lynch has received similar ratings
in the past from Euromoney, FinanceAsia and