Gradivus Corp
Service

Capital Issuance & Execution

Overview

What We Do

We support issuers and capital platforms in executing capital issuances across listed and unlisted markets, ensuring that structuring decisions are translated into compliant, efficient, and well-coordinated issuance outcomes.

We assist in issuance planning by aligning instrument terms, issuance format, documentation requirements, and stakeholder roles to ensure readiness for execution across applicable market channels.

Applicable Regulatory Framework*

  • SEBI Regulations & Master Circulars such as SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, (Listing Obligations and Disclosure Requirements) Regulations, 2015, Master Circular for Debenture Trustees (DTs) etc.
  • Companies Act, 2013
  • Applicable stock exchange guidelines and circulars

We assist in the execution of municipal bond issuances for urban local bodies, SPVs, and public infrastructure entities. Our role includes coordination across stakeholders, alignment with policy frameworks, implementation of escrow and ring-fencing mechanisms, and execution support through issuance and listing.

Applicable Regulatory Framework*

  • SEBI regulations governing municipal debt securities
  • Guidelines issued by the Ministry of Housing and Urban Affairs
  • State government notifications and approvals
  • Applicable stock exchange requirements

We support execution of listed and unlisted issuances, including private placements, platform-based issuances, and issuances through special purpose vehicles, aligned to issuer objectives and market requirements.

We support the execution of securitised debt instruments and PTC issuances by coordinating transaction readiness, SPV processes, and intermediary engagement. Our execution focus ensures alignment between asset pools, documentation, and issuance mechanics.

We support the design and implementation of escrow and transaction account structures, including collection accounts, payment waterfalls, and role-based controls, to facilitate orderly fund flows and settlement mechanics.

We act as a central coordination point across market intermediaries, supporting regulatory filings, disclosures, and execution-related processes. This includes coordination with trustees, credit rating agencies, depositories, stock exchanges, and other transaction participants to ensure smooth and timely execution.

Products Covered

  • Listed and unlisted non-convertible debentures (NCDs)
  • Secured and unsecured debt instruments
  • Term loans and structured loans
  • Pass-through certificates (PTCs) and securitised debt instruments
  • Subordinated and mezzanine instruments
  • Equity and equity-linked instruments
  • Hybrid and structured capital instruments
  • Capital issued through SPVs and investment platforms
  • Escrow structures and transaction accounts
  • Municipal bonds and related debt instruments
Our Difference

Lifecycle Support

We support capital issuances across the full lifecycle, from issuance planning and execution through closing and post-issuance coordination, ensuring continuity across stakeholders and operational processes.

Our Difference
  • Execution-focused: Emphasis on translating approved structures into completed issuances.
  • Stakeholder coordination: Single point of coordination across issuers, intermediaries, and market participants.
  • Process discipline: Structured execution workflows to minimise friction and delays.
  • Market-aware: Issuance support aligned to prevailing market practices and requirements.
Regulatory Note

Capital issuance activities are undertaken with reference to applicable legal and regulatory frameworks governing securities issuance, listing, disclosure, escrow arrangements, and regulated market participants, as may be relevant. Regulatory applicability depends on factors such as the nature of the instrument, issuance format, issuer profile, and jurisdiction, and may vary on a case-specific basis.