Nuvama Contribution:
- As the Left-Lead banker, Nuvama handheld the Company through every stage of the IPO, providing guidance and end-to-end support to ensure smooth and successful closure
- This is Nuvama’s 8th IPO in the Manufacturing & Infrastructure space closed in the last 9 months
- With this IPO, Nuvama continues its dominance in taking Manufacturing & Infrastructure Stories to the Indian capital markets and remains a “Banker of Choice” for Manufacturing IPOs^
- Nuvama mobilized interest from a diverse investor base, including FIIs and Domestic Institutions
- Pushed the story aggressively through our distribution channel to ensure participation from HNI & Retail category
Company & Deal Details:
- Sambhv Steel Tubes Limited is one of the key players in the Indian steel industry, specializing in the manufacturing of electric resistance welded steel pipes and structural tubes*
- Deal saw strong participation across investor categories with an overall subscription@ of 30x – QIB – ~66x, HNI – ~34x, Retail – ~8x
- Company saw stellar IPO Listing with equity shares opening at ~34% premium** showcasing investor confidence in Company’s business and management team
^Since Oct 2024; *In terms of installed capacity as of March 31, 2024;
**NSE Prices are considered on listing day;
@ Before rejections