Deal Details
- QIP of one of India’s leading transformer manufacturing companies
- Deal saw strong participation across investor categories
Contribution
- As the left lead manager, hand-held the Company with end to end execution, swift regulatory approvals, thereby ensuring timely launch
- Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ FII, Mutual Funds, Insurance Companies, AIFs & Multi-Strategy Funds
- Spearheaded demand mobilization with ~54% of QIP demand in terms of amount and ~62% in terms of no. of investors in a 2 bank syndicate
- Highest share in Long Only allocation procured with ~64% of QIP allocation in terms of amount and ~69% in terms of no. of investors converted Given the strong demand for the asset, successfully launched the 1st QIP after general election results – In the week prior to launch markets saw unprecedented volatility – VIX increased by ~27% in a single day*
About
Transformers & Rectifiers has established its presence in the manufacturing of transformers and reactors in India and has a diversified product portfolio, which includes single phase power transformers up to 500MVA and 1200kV class, furnace transformers, rectifier and distribution transformers, specialty transformers catering to various industrial applications