
Ashika is one of the leading players in the Financial Services Sector in
India. It is a privately held unlisted company.

The Group has business interests in various segments of the capital market including:
 Stock Broking

Merchant Banking

Depository Services (Equities & Commodities)

Investment Advisory Services

Mutual Fund Marketing
 Portfolio Management Services

Online Trading
 Commodities & Derivatives

Ashika Group has extensive network spread over 70 locations, represented by approximately 400 Offices, Branches and Business
Associates, giving us a nationwide presence, which facilitates marketing of any Public Issue.
1

Mr. Pawan Jain
Mr. Pawan Jain, FCA is the Chairman & Managing Director of our Company. He is also on the Board of all our Group Companies. He has vast experience in various segments of
Financial Markets, including Capital Markets, Commodities Market & Financial Advisory services etc.
Professional achievements:
 Fellow Member of the Institute of Chartered Accountants of India
 Member of Merchant Chamber of Commerce
 Member of Bharat Chamber of Commerce

Member of Indian Chamber of Commerce
 Member of Direct Tax Professionals Association
 Member of Association of Corporate Advisors & Executives

Contd…
Mr. Daulat Jain
Mr. Daulat Jain, FCA, is on Board of our various Group Companies. He has got expertise in the field of Corporate Finance (Inter Corporate Deposits, Short Term
Financing, Bill Discounting, Loan Syndication, Arranging Working Capital Finance),
Investments (Securities Trading & Bought Out Deals), Taxation, Audit and Corporate
Laws.
Professional Achievements:

Fellow Member of the Institute of Chartered Accountants of India

Member of Direct Tax Professionals Association
 Member of Association of Corporate Advisors & Executives

Ashika Credit Capital Ltd.
Ashika Global Securities Ltd.
Ashika Stock Broking Ltd.
Ashika Capital Ltd.
Ashika Insurance Broking & Risk Management Pvt. Ltd.
Ashika Venture Capital Pvt. Ltd.
Ashika Commodities & Derivatives Pvt .Ltd.
Ashika Global Finance Pvt. Ltd.
Ashika Hedge Fund Pvt. Ltd.
Ashika Share Trading Pvt. Ltd.
Ashika Technology Pvt. Ltd.
Ashika Wealth Management Pvt. Ltd.
Ashika Properties Pvt. Ltd.
Ashika Forex Services Pvt. Ltd.
2


ASHIKA CAPITAL LIMITED (ACL), a SEBI Registered Merchant Banker and Underwriter, is a progressive forward looking Company managed by a team of professionals under the supervision of able and dynamic Board of Directors.

ACL offers full range of financial services like:
 Issue Management
 Open Offers
 Placement of the Equity Shares

Corporate Restructuring
 Mergers & Acquisitions, Takeovers
 Advisory Services
 Debt Syndication

Buyback/Delisting of Shares
 Project Appraisal, etc.
 Our professionals offer the comprehensive range of services from conception to completion under one roof reinforces our commitment on quality assurances through total involvement. By applying our knowledge capital and by remaining intensely client-focused, we create innovative, client specific solutions.
3

Our Merchant Banking Division is headed by Mr. Rajendra Kanoongo . He is a Chartered
Accountant by profession. He has an extensive knowledge and experience in areas of Public
Issue Management, Takeovers, International Offerings, Private Placements, Debt Syndication,
QIB Placements, Corporate Finance and other Corporate Restructuring and Advisory Services.
Our Team:
Mr. Niraj Kothari (Asst. Vice President)
Ms. Nimisha Joshi (Asst. Vice President)
Mr. Narendra Gamini (Asst. Vice President)
Ms. Purnima Singh (Company Secretary and Compliance Officer)
Mr. Manish Gaur (Manager)
Mr. Ankit Joshi (Manager)
Mr. Pranav Nagar (Manager)
Mr. Rohit Bhansali (Manager)
Mr. Shriyash Kela (Manager)
Mr. Nikhil Lohia (Assistant Manager)
Mr. Claus P. Chakravarthy (Assistant Manager)
Ms. Nupur Jain (Executive)
Ms. Anshu Jain (Executive)
Ms. Nidhi Shah (Executive)
4

Capital Raising
Restructuring &
Recapitalization
Structured Finance, Mergers,
Acquisitions, Takeovers
Maturity
Stability
Startup
Growth
Time
5

S. No Name of the Company Type
Rs in Millions
Issue Size
8
9
6
7
10
3
4
1
2
5
Shree Ganesh Jewellery House Limited
Rainbow Papers Limited
Birla Shloka Edutech Ltd.
Edserv Softsystems Ltd.
Rishabhdev Technocables Limited
Tirupati Inks Ltd.
Bedmutha Industries Limited
*Sumatex Ltd.
**VMS Industries Limited
**Vaswani Industries Limited
FPO
IPO
IPO
IPO
IPO
IPO
GDR
FPO
IPO
FPO
3850.00
1270.00
347.75
238.43
297.00
515.00
920.00
382.40
240.00
450.00
11
12
**Raja Forgings & Gears Limited
**Ruchi Power & Steel Limited
IPO
IPO
500.00
3500.00
13
14
15
**Gajra Differential Gears Limited
**Sudar Garments Limited
**Apollo Computer Education Limited
IPO
IPO
IPO
350.00
600.00
420.00
*Already filed with SEBI, Final Observation Awaited
** Issue under Process
20

No of Issues in 2008 - 2009
25
20
15
10
5
0
21
Overall IPOs
5
Ashika IPOs
IPOs
Out of 21 IPOs which have hit the market during the year 2008 – 2009, 5 IPOs
(25% of total IPOs) were managed by Ashika Capital Limited
21

PUBLIC ISSUES (2008 and prior)
4
5
6
S. No
1
2
3
Name of the Company
Lawreshwar Polymers Ltd.
Refex Refrigerants Limited
Bafna Pharmaceuticals Limited
Somi Conveyor Beltings Limited
Resurgere Mines & Minerals India Ltd
Chemcel Biotech Limited
Rs in Millions
Issue Size
139.40
247.00
256.00
217.97
1201.50
246.40
23

RIGHTS ISSUES
Sr. No
3
4
1
2
Name of the Company
Kanco Enterprises Ltd.
Vama Industries Ltd.
R S Software (India) Ltd.
Entegra Limited
Issue Size (Rs. In Lacs)
77.15
46.92
159.83
1275.00

OPEN OFFERS
Sr. No
12
13
14
15
16
8
9
10
11
3
4
1
2
5
6
7
Target Company
7Seas Technologies Limited
Secunderabad Health Care Limited
Weizmann Fincorp Ltd
Exdon Trading Company Limited
Saarc Net Limited
Blue Circle Services Ltd
Sonapal Cement and Infrastructure
Tej Infoways Limited
Bombay Polymers Limited
GG Automotive Gears Limited
Media One Global Entertainment Limited
Vision Corporation Ltd.
Multiplus Holdings Limited
Benzo Petro International Ltd
Bliss GVS Pharma
Neemtek Organics Products Limited
Year of Issue
2006
2006
2006
2007
2007
2007
2007
2007
2007
2006
2006
2006
2006
2006
2006
2006
12.17
1.98
0.98
7.78
3.15
14.72
5.17
2.60
3.20
Issue Size
(Rs. in Millions)
4.93
2.01
9.38
0.48
5.54
79.46
3.67
24

34
35
36
31
32
33
26
27
28
29
30
21
22
23
24
25
17
18
19
20
K.B. Steel Limited
Industrial Investment Trust Limited
Frontier Leasing and Finance Limited
Splash Media Works Limited
Systematix Corporate Services Limited
Poddar Infrastructure Limited
Sellaids Publication (India) Limited
Rohit Pulp and Paper Mills Limited
Avon Organics Limited
Neha International Limited
Passari Cellulose Limited
Brilliant Securities Limited
Manoj Housing Finance Company Limited
Channel Guide India Limited
Hansu Controls Limited
Silicon Leasing & Investment Limited
Jaisal Securities Limited
Pushkar Banijiya Ltd.
Century 21 st Portfolio Limited.
Hasti Finance Ltd.
2008
2008
2008
2008
2009
2009
2008
2008
2008
2008
2008
2007
2007
2007
2007
2007
2007
2007
2008
2008
157.08
4.32
111.34
13.99
36.6
14.05
3.80
86.8
83.65
5.48
1.34
222.00
1.23
29.92
124.38
4.80
2.20
26.58
90.00
25

DELISTING
Name of the Company
Associated Hotels Limited.
ESOPs
Sr. No.
1.
2.
3.
4.
Name of the Company
Emco Limited
Vignani Technologies Pvt. Ltd
Phonelinx Communications Pvt. Ltd.
Invicta Mediteck Ltd.
26

ADVISIOR TO THE ISSUE
7
8
9
10
11
12
13
Sr.No
1
2
3
4
5
6
14
15
16
Ankit Prachi Trading & Investment Ltd.
Name of the Clients
Arihant Housing Finance Ltd.
Bacchhat Investment & Finance Ltd.
Bhaskar Sharachi Alloys Ltd.
Blue Chip India Ltd.
Blue Print Securities Ltd.
BSR Finance & Construction Ltd.
CAT Financial Services Ltd.
Chitrakoot Holdings Ltd.
Classic Growers Ltd.
Classic Housing Finance Ltd.
Consortium Vyapaar Ltd.
Dynamic Archistruction Ltd.
Ekdant Capital Markets Ltd.
Emkay Consultants Ltd.
Esskay Telecom Ltd.
27

ADVISIOR TO THE ISSUE (Contd…)
24
25
26
27
28
29
30
31
32
33
17
18
19
20
21
22
23
Exim Finance Ltd.
Ganodaya Finlease Ltd.
Globe Stock & Securities Ltd.
Goenka Business & Finance Ltd.
Gyan Traders Ltd.
International Power Finance Ltd.
J. A. Finance Ltd.
Jayshree Nirman Ltd.
JMB Commercial & Credit Ltd.
JRD Finance Ltd.
Kwality Builders & Developers Ltd.
Marda Commercial & Credit Ltd.
Marudhar Food & Credit Ltd.
Mercury Fund Management Co. Ltd.
Multiplus Resources Ltd.
Neha Resources Ltd.
NRI Investments Ltd.
28

ADVISIOR TO THE ISSUE (Contd…)
46
47
48
49
42
43
44
45
38
39
40
41
34
35
36
37
Octal Credit Capital Limited
Offshore Finvest Ltd.
Om Development Ltd.
Om Udyog Ltd.
Panchwati Holiday Resorts
Parbati Holdings Ltd.
Pioneer Farms Ltd.
Premier Cryogenices Ltd.
Prompt Corporate Services Ltd.
Radiant Rotogravure Ltd.
RGF Capital Markets Ltd.
Sagar International Ltd.
Saumya Consultants Ltd.
Scintilla Commercial & Credit Ltd.
Shree Neelachal Lab. Ltd.
SPT Securities Ltd.
Contd…
29

ADVISOR TO THE ISSUE (Contd…)
50
51
52
53
54
55
Step Two Finance Ltd.
Vindus Holdings Ltd.
Winy Commercial & Fiscal Serv. Ltd.
Zen Yarns Ltd.
Simplex Projects Limited
Indian Overseas Bank
Contd…
30

Sr. No.
8
9
10
4.
5.
6.
7.
1.
2.
3.
Name of the Company
Secunderabad Health Care Limited
Bala Techno Global Ltd
S.S. Forgings and Engineering Limited
Teesta Agro Industries Ltd
Baker Technology Limited
The First Custodian Fund India Ltd.
Compuage Infocom Limited
Synergy Log-In Systems Ltd.
Sunteck Realty Ltd.
TRF Limited

Private Placements of Equity Shares
17
18
19
20
14
15
16
9
10
11
12
13
4
5
6
7
8
Sr. No.
1
2
3
Name of the Company
Subhash Projects & Marketing Limited
Marsons Ltd.
Gujarat Composite Ltd.
RDL Infotech Ltd.
Access Global Ltd.
Kumi Agro Industries Ltd.
Oasis Cinecomunications Ltd.
Saumya Consultants Limited
Gautam Resources Ltd.
Eskay Telecom Ltd.
Global Capital Markets Limited
Pushkar Banijya Limited
Shree Ganesh Iron Industries Limited
Aurangabad Cryogenics Limited
Parmeshwar (India) Limited
Pioneer Embroideries Limited
Genus Power Infrastructure Ltd
Sanghi Spinners India Limited
Refex Refrigerants Limited
Birla Power Solutions Limited
31