Deal Details
- First IPO of Third Party Administrator in India as well as Asia
- Medi Assist successfully completed Secondary Pre-IPO placement of ~INR 535 crs at the IPO Price taking care of any immediate liquidity event
- Deal saw strong participation across investor categories garnering more than INR 13,000 crs
- QIB – ~42x, HNI – ~15x, Retail – ~3x*
- 100% anchor book was allocated to LO investors
- Company saw stellar IPO Listing with equity shares opening at 11.2%# premium showcasing investor confidence in Company’s business and management team
Nuvama Contribution
- Adding to our strong track record of bringing several 1st business stories to the Indian capital markets, Nuvama played a key role in the IPO by bringing key marquee LO investors driving the momentum of the issue and setting pricing benchmark
- Nuvama led the Secondary Pre-IPO placement – Procured Largest bid of ~INR 175 Crs from a marquee LO FII investor
- Nuvama garnered anchor participation from a diverse investor set including ‘Long Only’ FIIs, Mutual Fund and Insurance Company – testimony to having customers investing in the Company itself
- Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 7 lakh+ applications