Nuvama Contribution:
- “Banker of Choice” having handled Highest Mid size QIP deals* on the street
- Nuvama led the procurement by bringing in key & marquee investors that built confidence in launching the deal – Achieving a Significant Share of ~48% in a 3 banker syndicate as well as garnered participation from 2 out of Top 3 Investors in the book
- Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ DIIs & FIIs, Mutual Funds, Insurance Companies and Multi Strategy Funds
- This is Nuvama’s 17th QIP in a span of 1 year^
Deal Details:
- Zaggle Prepaid successfully closed its maiden QIP within 16 months of its Listing that will aid the Company to raise capital for funding its strategic investments and repayment of debt
- The QIP received strong demand across investor categories with 80% of the book being allocated to LO investors
*Private Sector QIP deals between INR 250 to 1,000 crs considered since Jan’23
^Since Nov-23