Nuvama Contribution
- With this IPO, Nuvama continues its dominance in taking Consumer Stories to the Indian capital markets and remains a “Banker of Choice” for Consumer IPOs
- Nuvama garnered anchor participation from a diverse investor set including ‘Long Only’ FIIs and Mutual Fund
- Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 15 lakh+ applications^
Deal Details
- Highest subscribed Alcobev IPO in India in last 2 decades
- Deal saw strong participation across investor categories garnering more than INR 26,000 crs^
- QIB – ~52.90x*, HNI – ~34.06x*, Retail – ~4.73x*
- 95% anchor book was allocated to LO investors
- Company saw stellar IPO Listing with equity shares opening at 13.9%# premium showcasing investor confidence in Company’s business and management team
“Working with the Nuvama Team was a high spirited experience and they have immensely contributed to the success of this IPO. Nuvama along with other BRLMs provided correct guidance throughout the process, to timing of the IPO launch, to getting relevant anchor investors converted and to strategizing the Retail and HNI marketing, Nuvama Team was very proactive and their high energy engagement ensured the best outcome for us. We immensely value their inputs and look forward to their advise and guidance in our listed journey that has just begun”
– Alok Gupta, Managing Director
Deal Details
- IPO of one of the leading digital full stack insurance companies
- 1st IPO of an Insurtech Company in India – addition to our strong track record of bringing several 1st business stories to the Indian capital markets
- Healthy subscription with more than 5 Lac applications
- QIB – 12.53x, HNI – 7.23x, Retail – 4.08x
- Despite market volatility in recent times, Company listed at a premium and closed at 12.5% premium to IPO Price#
- Nuvama provided end-to-end client handholding and guidance on various deal contours and timing
- With this transaction, Nuvama has closed 11 transactions cumulatively raising approximately INR 3,00,000 crs+ in the BFSI space in the last 12 months
About
Go Digit is one of the leading digital full stack insurance companies, leveraging technology to power what they believe to be an innovative approach to product design, distribution and customer experience for non-life insurance products
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.”
Naveen Philip
Promoter & MD,
Popular Vehicle & Services
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.”
