Mumbai: SBI Capital Markets has received a mandate for managing 19 initial public offerings worth more than Rs15,000 crore.
Indrajit Gupta, managing director, SBI Caps said of the entire it was not certain how many of these companies would go ahead with the issue and their final size will depend on the market condition. Last year, the company had managed 16 IPOs that raised a total of Rs6,000 crore.
Gupta also said SBI Caps also has mandate for raising Rs40,000 crore by way of project finance syndication. In addition to this, it has mandate for raising $600 million for projects abroad, mainly through its UK subsidiary. In the current year, it had managed debt syndication of Rs8,400 crore.
Gupta said SBI caps would go in for e-broking in the current year. "In the current year, we plan to focus on fee and transaction based income, strengthening our retail broking business by foraying into DP and e-broking; leverage the international business through US subsidiary," he said.
Last year, SBI Caps had entered into a strategic tie-up with international investment bankers CLSA for jointly undertaking advisory services.
SBI Caps earned a net profit of Rs90.62 crore for the year ended March 31, 2006 against Rs88.12 crore in the previous year.