Left-Lead Book Running Lead Manager to the IPO of Inox Green Energy Services Limited

I] TRANSACTION SYNOPSIS

IPO Size ~₹7,400 MN
IPO Structure (Primary / OFS) 50% / 50%
Post Issue Dilution ~39.00%
IPO Price ₹ 65
Total number of applications* 1,90,997

II] SELECT ANCHOR INVESTORS AND ANCHOR BOOK

  • ENAM
  • ICICI Prudential MF
  • HDFC MF
  • Birla MF
  • MK Ventures
  • Edelweiss Crossover
  • Driehaus

III] DEAL HIGHLIGHTS

  • Inox Green Energy Services Limited, the only pure play wind power O&M service provider within India to go public
  • We emerged as the ‘Banker of Choice’, being the only common BRLM for both the IPOs launched by the Inox GFL Group in the last decade, demonstrating our philosophy of “Invested in YOU”
    • April 2015 – Inox Wind IPO
    • November 2022 – Inox Green IPO
  • We navigated the Company through critical regulatory nuances and several intricacies providing complete handholding to management team

*Excluding anchor subscription and after technical rejections

Book Running Lead Manager to the IPO of Five-Star Business Finance Limited

I] TRANSACTION SYNOPSIS

IPO Size ~₹ 15,885 MN
IPO Structure (Primary / OFS) – / 100%
Post Issue Dilution ~11.50%
IPO Price ₹ 474

II] SELECT ANCHOR INVESTORS AND ANCHOR BOOK

  • Capital Research
  • Fidelity
  • ENAM
  • ADIA
  • Norges Bank
  • HDFC MF
  • WhiteOak
  • SBI Life Insurance
  • Carmignac Gestion

III] DEAL HIGHLIGHTS

  • With Five-Star’s IPO, we have successfully closed all ₹ 15,000 mn+ IPOs of all private lending companies in last 4 years
  • We were the only Bank to successfully close 2 Pre-IPO transactions and generate deal momentum – Highest share in the 2 Pre-IPO transactions with a ~76% share out of ~₹ 4,000 mn raised
  • Spearheaded procurement in the Pre-IPO and Anchor Segment – Highest overall share of ~51% share in terms of amount and Highest number of investors converted (9/19)
  • Dominated procurement in the Main Book of the IPO – Procured overall largest QIB Bid & largest MF Bid
  • Despite muted subscription and market volatility over past 2 weeks and correction of ~3%@, Five-Star’s IPO saw a steady listing with stock price seeing days high of ~8% and closing at ~5% above opening price^

^NSE Prices are considered; @ Movement of Nifty 50 between 2 weeks high and low

Left-Lead Book Running Lead Manager to the IPO of DCX Systems Limited

I] TRANSACTION SYNOPSIS

IPO Size ~₹ 5,000 MN
IPO Structure (Primary / OFS) 80% / 20%
Post Issue Dilution ~24.97%
IPO Price ₹ 207
Subscription (QIB / HNI / Retail)* 90.9x / 46.1x / 63.7x
Total number of applications* 17,92,850

II] SELECT ANCHOR INVESTORS AND ANCHOR BOOK

  • ENAM
  • Factorial
  • HDFC MF
  • Millennium
  • Motilal Oswal MF + AIF
  • MK Ventures
  • Theleme Partners

III] DEAL HIGHLIGHTS

  • DCX Systems Ltd, a preferred Indian Offset Partner for foreign OEMs for executing aerospace and defence manufacturing projects
  • 3rd highest subscribed IPO in CY2022 – Strong subscriptions across investor pools
  • Company listed at a premium of 38%^
  • Advised the Promoter in Pre-IPO stake Sale
  • We was the left-lead banker to the issue and hand-held the management to ensure quick closure within 10 months from kick-off

For further details, please refer to: www.edelweissfin.com
*Excluding anchor subscription & after technical rejections
^NSE Opening Price is considered

Book Running Lead Manager to the IPO of Vedant Fashions Limited

I] TRANSACTION SYNOPSIS

IPO Size ~ ₹ 31,500 MN
IPO Structure (Primary / OFS) – / 100%
Post Issue Dilution ~ 15.0%
IPO Price ₹ 866
Subscription (QIB / HNI / Retail)* 2.9x / 0.8x / 0.2x
Total number of applications* 93,672

II] SELECT ANCHOR INVESTORS AND ANCHOR BOOK

  • Axis MF
  • Birla MF + Offshore
  • Fidelity
  • Govt. of Singapore
  • ICICI Prudential MF + Life
  • Kotak MF + Life + Offshore
  • Nomura
  • SBI MF
  • Wellington

III] DEAL HIGHLIGHTS

  • IPO of largest company in India in the men’s Indian wedding and celebration wear segment^
  • Despite market volatility over past 2 weeks and correction of ~6%@, Company listed at a premium of 8.0%#
  • We provided end-to-end client handholding and guidance on various deal contours and timing

*Excluding anchor subscription & after technical rejections ; ^ in terms of revenue, OPBDIT and profit after tax for the Financial Year 2020
# NSE Opening Price is considered @ Movement of Nifty 50 between 2 weeks high and low

Book Running Lead Manager to the IPO of Medplus Health Services Limited

I] TRANSACTION SYNOPSIS

IPO Size ₹ 13,983 mn
IPO Structure (Primary / OFS) 43% / 57%
Post Issue Dilution 14.72%
IPO Price ₹ 796
Subscription (QIB* / HNI / Retail) 114.0x / 86.3x / 4.2x
Total number of applications# 1,294,261

II] SELECT ANCHOR INVESTORS AND ANCHOR BOOK

  • ADIA
  • BlackRock
  • Birla MF
  • FMR
  • GSAM
  • HDFC MF
  • MSIM

III] DEAL HIGHLIGHTS

  • 2nd largest pharmacy retail chain in India^
  • Healthy subscription with more than 12 Lacs applications
    • 100% of anchor book was allocated to LO Investors
  • Pre-IPO – Warburg Pincus, one of the selling shareholders sold 6.18% of pre-issue equity capital for ₹ 5,500 mn to marquee investors SBI MF, Malabar and Motilal Oswal MF at IPO Price.

*Excluding Anchor
# Before technical rejections
^ In terms of revenue in Fiscal 2020 and as on March 31, 2021

Book Running Lead Manager to the IPO of S.J.S. Enterprises Limited

Deal Highlights:

  • IPO of one of the leading players in the Indian decorative aesthetics industry#
  • Healthy subscription with more than 2 Lac applications
    • 91% of anchor book was allocated to LO Investor

Our Contribution:

  • Edelweiss provided end-to-end client handholding and guidance on various deal contours and timing

# in terms of revenue in Fiscal 2020 and as at March 31, 2021

Book Running Lead Manager to the IPO of Tarsons Products Limited

I] TRANSACTION SYNOPSIS

IPO Size ₹ 10,235 mn
IPO Structure (Primary / OFS) 15% / 85%
Post Issue Dilution 29.07%
IPO Price ₹ 662
Subscription (QIB* / HNI / Retail) 115.5x / 183.2x / 8.9x
Total number of applications# 1,912,663

II] SELECT ANCHOR INVESTORS AND ANCHOR BOOK

  • ADIA
  • Birla MF
  • Government of Singapore
  • ICIC Prudential MF
  • Mirae MF
  • Nippon MF
  • Stewart Investors

III] DEAL HIGHLIGHTS

  • Highest subscribed Healthcare IPO (Ex Pharma)^
  • Healthy subscription with more than 19 Lacs applications
    • 100% of anchor book was allocated to LO Investors
  • We provided end-to-end client handholding and guidance on various deal contours and timing

*Excluding Anchor
# Before technical rejections
^IPOs since 2010 considered

Book Running Lead Manager to the IPO of Vijaya Diagnostic Centre Limited

Deal Highlights:

Largest Diagnostic Company IPO in India
  • Largest Diagnostic IPO^ in India
  • Participation by all category of investors – LO FIIs, Sovereign Wealth Fund, Mutual Funds, Life Insurance Companies and Family Office
  • Launched within 12 weeks since DRHP Filing
~2.4 lacs
Applications Received
Allocation to long only investors in Anchor Book~16%
Listing day premium

Our Contribution:

  • Ensured early participation from high quality Long Only FIIs, MFs, Insurance Companies and marquee Indian Family Office in the issue to give confidence for launch of deal
34%
Share of the Anchor portion in 3 Bank Syndicate
14
Highest number of investors converted in anchor
#1 Procurer
38%# share of the overall Retail and HNI portion
  • Procured 100% and ~90% of QIB subscription on Day-1 and Day-2 respectively
  • Provided end-to-end client handholding and guidance on various deal contours and timing

^ In terms of issue size; #Under Finalization

Global Coordinators & Book Running Lead Manager to the IPO of Devyani International

Deal Highlights:

  • Largest QSR IPO^ in India
  • Participation by all category of investors – Global Sovereign Funds, LO FIIs, Mutual Funds, Insurance Companies
  • Launched within 11 weeks since DRHP Filing
116x
Stellar Response across investor categories*
1st
Highest subscribed issue on Day 1@
~57%
Listing day premium

Our Contribution:

  • 2nd QSR IPO by us – #1 Mobiliser
14
Highest number of investors converted in anchor
60%#
Share of the overall Retail & HNI portion
  • Garnered early interest from investors to give confidence for launch of deal
  • Provided end-to-end client handholding and guidance on various deal contours and timing

*Excluding Anchor subscription ; ^ In terms of issue size; @ Issue size >INR 15,000 mn in last 3 years; # – Indicative

Book Running Lead Manager to the IPO of Aptus Value Housing Finance India Limited

Deal Highlights:

The “APT” Housing Finance Company IPO
  • One of the largest housing finance companies in south India^
  • Participation by all category of investors – Long Only FIIs, Mutual Funds, Insurance Company and Long Only DIIs
  • Strong response from investors even with multiple large issues launched at the same time
  • Launched within 12 weeks since DRHP Filing
17x
Stellar Response across investor categories*
3rd
Highest subscribed issue@ in 2021

Our Contribution:

  • Ensured early participation from high quality Long Only FIIs and marquee Indian Family Offices in the issue to give confidence for launch of deal
  • Highest number of investors converted in anchor book
  • #1 Procurer in HNI and Retail Category#… Pushed the Aptus story aggressively through our distribution channel to garner strong interest in HNI and Retail category
  • Provided end-to-end client handholding and guidance on various deal contours and timing