Nuvama Contribution:
- Nuvama emerged as the top-performing bank in the anchor book, with the largest share of allocation in a 3 bank syndicate, commanding 45% of the Anchor book
- Adding to our strong track record of bringing several 1st business stories to the Indian capital markets – Nuvama successfully leads the 1st Pureplay Broking Business$ IPO in India
- Nuvama drove the entire demand momentum and led the procurement by bringing in key investors that built confidence in launching the deal
- As the left-lead banker, hand-held the Company in end-to-end execution, swift regulatory approvals, thereby ensuring timely launch
- Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category
Company & Deal Details:
- 1st IPO of Pureplay Broking Business$ in India
- Deal saw strong participation across investor categories garnering more than INR 11,000 crs#
- QIB – ~46x*, HNI – ~30x*, Retail – ~4.95x*
“Nuvama Team has played a pivotal role in the successful IPO of our business. We genuinely appreciate the team for handholding us through the entire IPO journey right from documentation to marketing to successful listing. Their expertise and know-how of the nuances of the industry played a pivotal role in effectively positioning Anand Rathi Broking with investors. Nuvama’s dedicated efforts led the procurement from marquee investors and enabled us to build a strong Anchor and differentiated QIB book. The team at Nuvama has gone above and beyond to make this a very successful IPO and we look forward to their advice as we begin our new journey as a listed company.”
Pradeep Gupta, Co-Founder & Vice Chairman
*After technical Rejections; #Before technical Rejections; $Broking Business includes Retail Broking and Institutional Equities