Clients speak :

Himalayan Heli Services Pvt. Ltd.

"In 2007-08, we were "afraid" of seeking bank finance but still had a meeting with ACL who advised us ..... see detail


Raising Equity

Alps retained us for their integrated textile mill project and further expansion

Alps Industries Limited was planning to set up an integrated textile mill at a cost of Rs. 200 million in 1994. The company wanted to raise funds from an IPO for this purpose and retained our services as Advisors to the Public Issue. We helped the client firm up the project details and structure a suitable means of finance. The public offering amounted to Rs. 120 million. We were actively involved with all major decisions such as size of issue, pricing, identification of Co-Lead managers, devising communication strategy and related activities. We made presentations to Mutual Funds for placement of equity of Rs. 20 million, and actively participated in all meetings with brokers and media all over India. The public offering was successfully made in April 1995 even though the capital markets were sliding at that time. The client subsequently retained our services for its expansion project for which we tied up loans for Rs. 87 million from Industrial Development Bank of India, a major financial institution of India. Small wonder that Alps had no hesitation in retaining our services again for their follow on equity offering of Rs. 320 million in 2005 and their maiden international equity offering of Rs. 965 million made to overseas funds in 2006. Both the assignments were executed successfully.

How we helped United Wheels Limited setup their JV with Alfred Thun GmbH

United Wheels Limited, a large manufacturer-exporter of bicycle components near Delhi, retained us for funding their joint venture with Alfred Thun GmbH. Keeping in view the size of the funds requirement and other strategic factors, we advised them to make a private placement with an investment company instead of going public. The client accepted our suggestion. We discussed the proposal with some prospective investors and placed the shares at a good value with Tata Investment Corporation, Mumbai.

Coral Telecom makes a call to Amtrak for funding its growth

Coral Telecom Limited, a small but skill-rich telecom switch manufacturer was seeking owners’ funds for its expansion and launch of newly developed IP enabled digital switch. We helped the company put together a comprehensive Information Memorandum and syndicated owners’ capital from SIDBI amounting to Rs. 24 million. We assisted the company in successfully completing the Due Diligence process of the investor and helped them finalize the legal agreements for the investment.

Syndicating Loans

Vimoni India seeks bank finance to fund expansion

Vimoni India Private Limited had a small packaging products facility in Himachal Pradesh in North India. They wished to expand their capacities and add new products to its manufacturing line as well. We helped the company prepare detailed Business Plan for their existing and new products. We then syndicated term loans and working capital finance of Rs. 170 million from State Bank of India for the company to help them “package” their dreams.

Selan needed funds to drill more wells and relied on our expertise

Selan Exploration Technology Limited, a company engaged in on-shore extraction of oil in Gujarat, wished to implement its drilling plans on the strength of positive results of its seismic survey of the oil fields. We have helped the company to raise multiple term loans, over the last few years, from several banks aggregating to over Rs. 750 million for their drilling operations.

Financing “flights of religion” for Himalayan Heli Services

Himalayan Heli Services Private Limited, a registered non-scheduled helicopter operator for Amarnath Ji and Kedarnath Ji, first approached us in 2007-08 to help them import a helicopter from Switzerland. We assisted them in structuring the purchase, arranging a term loan from a leading nationalised bank and advised them on their negotiations with the seller overseas. A satisfied “flyer” landed up again with us in 2010 to help them fund acquisition of another helicopter from Europe. This time we first arranged a term loan for their purchase and then structured the acquisition in a manner so as to generate financial cost savings that actually made our services “net positive” for them.