Capital Small Finance Bank Limited

Deal Details & Contribution

  • IPO of the 1st Small Finance Bank established in India
  • Deal saw strong participation across investor categories despite multiple issues launched at the same time
    • QIB* – ~7x, HNI – ~4x, Retail – ~3x
  • As the left-lead and post-issue banker, hand-held the Company in end-to-end execution, swift regulatory approvals and post issue activities thereby ensuring timely launch and smooth closure
  • Nuvama played a central role in the IPO by bringing key cornerstone investors completely driving the momentum of the issue
    • 44% share in Anchor Segment in terms of amount
    • Procured the largest FII bid and 2 out of 3 largest bids in the Anchor Segment
  • With this transaction, Nuvama has successfully closed 6 Bank / NBFC ECM transactions in last 6 months
  • Nuvama continues to maintain its dominant position in SFB IPOs^ with a Market share of ~40% having closed 4 out of the 10 IPOs in the space

Client Testimonial

“Nuvama Team’s execution of our IPO is highly praiseworthy. Their strategic direction, careful planning and unwavering dedication were instrumental in ensuring the success of our offering. The expertise and professionalism they exhibited instilled confidence amongst all stakeholders. I wholeheartedly thank Nuvama Team and look forward for future collaborations with them.”

Indiabulls Housing Finance Ltd

Deal Details

  • Largest Rights Issue in BFSI sector in past decade
  • Deal saw strong participation across investor categories and was subscribed 201.19%* of the issue size
  • The fund raise comes at a crucial time for the company when it is in the process of changing its brand name and is focused on strengthening its balance sheet

Nuvama Contribution

  • Nuvama handheld the management through the entire rights issue process, providing strategic guidance and regulatory support
  • Worked efficiently to ensure the entire process from preparing to filing Letter of Offer to listing of the rights shares was completed swiftly
  • Nuvama co-ordinated the marketing efforts across diverse investor set including Long Only DIIs and FIIs

Medi Assist Healthcare Services Limited

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

Nuvama Investment Banking has successfully closed the QIP transaction of INR 45,000 mn for Bank of India

Deal Details

  • QIP helped in achieving dual objectives of augmenting Tier I Capital which will aid growth plans as well as achieving Minimum Public Shareholding (MPS) norms
  • Offering received an overwhelming response from investors – a testimony to strong financial performance demonstrated by Bank of India
  • ~70% of the book was allocated to ‘Long Only’ Investors

Contribution

  • Spearheaded Demand Mobilisation in a 7 bank Syndicate
    • ~21% demand in terms of amount procured and highest share of 29 investors in terms of number of investors
    • Garnered disproportionately highest share of ~31% demand in terms of the amount procured under the FII category
  • Nuvama worked closely with the Bank through the entire QIP process to ensure smooth and successful closure
  • With this QIP, Nuvama has successfully closed the 2nd transaction for Bank of India

Nuvama Investment Banking acted as the Book Running Lead Manager to the INR 4,630 mn IPO of ESAF Small Finance Bank

Deal Details

  • Deal saw strong participation across investor categories garnering more than INR 25,000 crs
    • QIB – ~182x, HNI – ~88x, Retail – ~17x
    • Highest QIB subscribed IPO amongst all the SFB IPOs till date
  • Company saw stellar IPO Listing with equity shares opening at 18.3%# premium showcasing investor confidence in Company’s business and management team

Contribution

  • Nuvama played a central role in the IPO by bringing key cornerstone investors completely driving the momentum of the issue as well as guiding the management on entire process, deal contours & timing
  • Dominated procurement in the Anchor in a 3 bank syndicate – Highest overall share of ~54% share in terms of amount procured and 45% in terms of number of anchor investors converted
  • Nuvama garnered participation from a diverse investor set including ‘Long Only’ FII, IC and Family Offices
  • Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 16 lakh+ applications