Special Situations Investment Banking · Mumbai
A special situations investment banking firm built for transactions that don't fit a template. We architect capital structures that are executable, defensible, and closing-ready — across cycles, sectors, and structures.
Our Mandate
Most firms avoid complexity. We seek it out. We partner with founders, promoters, and boards to architect capital structures that are executable, defensible, and closing-ready.
From DRHP readiness to anchor investor conversations — ensuring your public debut reflects true potential, not just the last twelve months.
Structure rounds that attract the right capital at the right valuation, with a clean cap table ready for public market scrutiny.
We step in early — before options narrow. Stabilise the business, negotiate with creditors, and build a credible path forward.
Balance sheet repair and covenant renegotiations that protect enterprise value while giving all parties a reason to stay at the table.
Structured carve-out processes that maximise realisable value — even under distress or compressed timelines.
NPAs, pledged securities, resolution-stage companies, and growth mandates — we bridge deal creativity with regulatory fluency.
We structure and place warrants, compulsorily convertible debentures, optionally convertible notes, and hybrid securities — for investors and issuers who need flexibility built into the instrument itself.
Our Approach
Special situations rarely follow a template. Structures are complex, timelines compressed, stakeholders misaligned. Our job is to make the solution simple — and certain.
"If capital is the question, we ensure it is raised right, structured right, and closed right."
— Divyesh Dagliya, CA · Founder, Luminar Capital
Who We Work With
Raising serious growth capital who need a partner that structures and closes — not just facilitates introductions.
Navigating critical transitions — growth, restructuring, distress, or exit — requiring precise, confidential advisory at every step.
Facing complex decisions where structures are novel and execution certainty matters more than pitch decks or polished narratives.
Our Edge
Luminar Capital combines CA-led financial rigour with deep experience in special situations. We engage when others avoid complexity — and we execute with closing certainty.
Get in Touch
604, KL Accolade, Road No. 6
Beside RK Hospital, Santacruz (E)
Mumbai — 400055