Popular Vehicles & Services Ltd.

Deal Details

  • IPO of leading Company in the business of automobile dealership
  • Deal saw participation across investor categories and was fully subscribed despite 7.7%* correction in Small Cap stocks

Nuvama Contribution

  • Nuvama played a central role in the IPO by bringing key cornerstone investors driving the momentum of the issue
    • 41% share in QIB in terms of amount in a 3 bank syndicate
    • Procured the largest LO FII bid and 2 out of 3 largest bids in the Anchor Segment
  • As the Post-Issue banker hand-held the Company in end-to-end execution, swift approvals and post issue activities thereby ensuring timely smooth closure

Client Testimonial

“Contribution of Nuvama as our Banker in our IPO journey has been commendable. Their commitment, expert knowledge and professional approach were instrumental in completing the process smoothly. The entire team were extremely supportive and their regular updates, immediate responses, close coordination during road shows were extremely helpful .They played a pivotal role in building up both the anchor as well as our main book. We are immensely grateful for the association with Nuvama and would definitely recommend them to any organisation considering an IPO.”