Oswal Pumps Limited

Nuvama Contribution:

Nuvama led the Pre-IPO placement, generating strong investor interest and securing the largest share of allocation among a 5 bank syndicate, commanding ~55% of the total Pre-IPO book
Nuvama emerged as the top-performing bank in the anchor book as well, with a dominant ~44% share of allocation, along with securing the largest Bid from a FII.
Nuvama drove the entire demand momentum and led the procurement by bringing in key & leading cornerstone investors that built confidence in launching the deal
Nuvama mobilized interest from a diverse investor base, including marquee long-only FIIs including an ESG Focused Fund, mutual funds, and insurance companies
Nuvama leveraged its domain expertise by positioning Oswal Pumps as the fastest growing solar pump manufacturer with a comprehensive product portfolio driven by strong in-house manufacturing capabilities and a pan-India distribution network

Oswal Pumps is the fastest growing vertically integrated solar pump manufacturers in India in terms of revenue growth during the last three fiscals
Deal saw strong participation across investor categories garnering more than INR 34,000 crs^# – QIB – ~88x^#, HNI – ~39x^#, Retail – ~4x^#

^{*Includes secondary} ^{Pre-IPO of INR 3,108 mn ; #}^{Before Technical Rejections;}