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Mercator (Case Study)

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Mercator (Case Study)

  1. 1. Elara Capital Successfully Closes QIP for Mercator Ltd QIP Date: 17 January 2017 INR 102 Crs Mercator Ltd QIP Sole BRLM January 2017
  2. 2. 2 Elara closes the largest QIP in the Energy sector in FY2017 - YTD • Diversified energy focused conglomerate operating in : – Coal: mining, trading and third party logistic solutions – Oil & Gas: E&P, offshore operations and EPC – Shipping: wet bulk, dry bulk and gas carrier – Dredging: provides maintenance dredging services for Indian ports • With operations in India, Mozambique, Myanmar and Indonesia • A turnaround story on account of deleveraging, expansion in the core businesses i.e. Shipping & Dredging and steady progress with the E&P activity in the Oil & Gas blocks Company Overview • Issue Size: INR 1,019 mn (USD c.15 mn)* • Issue Price: INR 40.7 per share • Face Value: INR 1.0 per share • Dilution: ~12% • Sole BRLM: Elara Capital • Objects of the Issue – Deleveraging the balance sheet – Growth opportunities through acquisitions and strategic initiatives – General corporate purposes Issue Contours • Elara’s marketing efforts ensured no major value erosion • Marketed across multiple regions: India, Singapore, HK and London • Attracted strong participation from the global FIIs and FPIs, in a year in which fundraising through QIPs was at record five year low Focused Issue Marketing Key Investors India Opportunities Growth Fund - Pinewood Strategy Testimonial * Exchange rate as on 17th January 2017
  3. 3. Disclaimer This document is not intended to form, and should not be treated as, the basis of any investment decision. The information in this document does not purport to be comprehensive. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by, any member of Elara Capital, or by any of their respective officers, servants or agents or by their advisers or any other person as to or in relation to the accuracy or completeness of the information or the information or opinions contained herein or supplied herewith or any other written or oral information made available to any interested party or its advisers. Elara Capital PLC 6th Floor, The Grove, 248A Marylebone Road, London, NW1 6JZ United Kingdom. Tel: +44 207 486 9733 Fax: +44 207 486 4776 Elara Capital (India) Pvt. Ltd. Indiabulls Finance Centre, Tower 3, 21st Floor, Senapati Bapat Marg, Elphinstone Road (West) Mumbai – 400 013, India Tel : +91 22 6164 8599 Elara Capital (Asia) Pte. Ltd. 30 Raffles Place, #20-03, Chevron House Singapore 048622 Tel : +65 65366267 Fax : +65 65365760 Elara Securities Inc, Member FINRA, SIPC 950 Third Avenue, Suite 1903 New York, NY 10022, USA Tel :+1-212-430-5870 Fax : +1 212 208 2501 Elara Capital (Middle East) 202 Currency House, DIFC, Dubai, UAE Tel: 00 971 43860981 Fax: 00 971 43860989

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