The Hindu Business Line : SBI Caps has mandate for managing 19 IPOs

However, how many of these companies will go ahead with the issue and their final size will depend on the market condition, said Mr Indrajit Gupta, Managing Director, SBI Caps.

Last year, the company had managed 16 IPOs that raised a total of Rs 6,000 crore.

Talking to newspersons on Wednesday on the company's performance, Mr Gupta also said SBI Caps also has mandate for raising Rs 40,000 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 Rs 8,400 crore.

E-broking

Mr Gupta said the company would be going in for e-broking in the current year. "We are the leaders in the project finance syndication in India... 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 ... " said Mr Gupta.

Last year, SBI Caps had entered into a strategic tie-up with international investment bankers CLSA for jointly undertaking advisory services.

He said the company would explore the possibility for setting up a joint venture later.

Venture capital arm

Mr Gupta said SBI Caps has set up new venture capital subsidiary which will be floating three separate funds for investing in mid-cap companies, infrastructure projects and emerging sectors. International bankers have consented to investing in these funds.

The company is also looking at new areas such as consultancy service in agricultural logistics. It has completed a project for Food Corporation of India and is currently advising the Tea Board and the Coffee Board to create a fund to help revive old plantations.

SBI Caps earned a net profit of Rs 90.62 crore for the year ended March 31, 2006 against Rs 88.12 crore in the previous year.

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