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Service: Initial Public Offering
Nuvama Investment Banking is a proud banker to Jupiter Hospitals in its continued journey to healthcare excellence.
Deal Details:
Jupiter Hospitals successfully completed a Pre-IPO placement to marquee long only Investors at the IPO Price
The IPO received an overwhelming response from investors to emerge as:
Highest subscribed Hospitals IPO
Amongst the Top 3 highest subscribed IPOs in the past 2 years
IPO saw a stellar listing with stock price closing at 46% premium to issue price#
Contribution:
Effectively positioned Jupiter Hospitals as a key Multi Specialty hospital chain in Western India with a distinguished business model and a ‘patient first’ ideology
Nuvama garnered participation from a diverse investor set including Global Sovereign Funds, LO Flls, Mutual Funds, Insurance Companies
Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in overall 13 lakh+ applications
About:
Jupiter Lite Line Hospitals Ltd Is a key tertiary and quaternary healthcare chain in the Mumbai Metropolitan Area (MMR) and western region of India with a total bed capacity of 1,194 hospital beds across three hospitals as of March 31, 2023@.
Nuvama Investment Banking acted as the Book Running Lead Manager to the INR 10,300 mn IPO of TVS Supply Chain Solutions
Deal Details:
First TVS Group Company IPO to hit the market after nearly three decades
IPO of the Largest and Fastest growing integrated supply chain solutions company in India^
TVS SCS successfully completed a Pre-IPO placement and the IPO received a strong response from investors, reflecting TVS SCS’ ability as a global integrated supply chain solutions company
Contribution:
Effectively positioned TVS SCS as a Resilient Business with a Technological Moat and Long term and Stable revenues from marquee Indian & global customers
Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ DII and FII investors
Highest number of investors converted in anchor book
TPushed the TVS SCS story aggressively through our distribution channel to garner strong interest in HNI and Retail category
About:
TVS Supply Chain Solutions Ltd. is an Indian supply chain logistics solution provider that has global capabilities and network across the value chain with cross deployment abilities.
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