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
Deal Details:
- 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;