Deal Details
- QIP of one of India’s leading transformer manufacturing companies
- Deal saw strong participation across investor categories
Contribution
- As the left lead manager, hand-held the Company with end to end execution, swift regulatory approvals, thereby ensuring timely launch
- Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ FII, Mutual Funds, Insurance Companies, AIFs & Multi-Strategy Funds
- Spearheaded demand mobilization with ~54% of QIP demand in terms of amount and ~62% in terms of no. of investors in a 2 bank syndicate
- Highest share in Long Only allocation procured with ~64% of QIP allocation in terms of amount and ~69% in terms of no. of investors converted Given the strong demand for the asset, successfully launched the 1st QIP after general election results – In the week prior to launch markets saw unprecedented volatility – VIX increased by ~27% in a single day*
About
Transformers & Rectifiers has established its presence in the manufacturing of transformers and reactors in India and has a diversified product portfolio, which includes single phase power transformers up to 500MVA and 1200kV class, furnace transformers, rectifier and distribution transformers, specialty transformers catering to various industrial applications
Deal Details
- QIP for one of India’s oldest and leading express logistics’ companies
- First QIP in logistics space in Calendar Year 2024
Contribution
- Spearheaded demand mobilization with ~80% of QIP demand in terms of amount and ~75% in terms of no. of investors in a 2 bank syndicate
- As the left lead manager, hand-held the Company with end to end execution, helping navigate complexities, and enabling swift regulatory approvals for timely launch
- This was Nuvama’ second transaction in the logistics space post TVS Supply Chain IPO in the last one year
About
Allcargo Gati Limited, formerly Gati Limited, is an India-based company primarily engaged in the business of providing logistics solutions to clients including express distribution which includes surface distribution and air freight and supply chain management solutions. They have a pan-India network operations covering 99% of districts and government approved pin codes. Company is part of the Allcargo group of companies which is a logistics conglomerate providing services like less than container load consolidation, full container load, air freight, contract logistics, container freight stations, inland container depots and logistics parks.
Deal Details
- Despite steep increase in the share price in past 1 year, QIP saw healthy subscription across investor categories
- Deal was strategically launched at an attractive Price with discount of 10.24%^ to closing Price on launch day
Nuvama Contribution
- “Banker of Choice” having handled Highest Sole Mid size QIP deals* on the street
- Garnered interest from large anchor investors including Marquee ‘Long Only’ FII, High pedigree DII Investor and Family Offices
- As Sole BRLM, Nuvama handheld the management through the entire QIP process, providing strategic guidance and regulatory support
About Xpro
Xpro is mainly engaged in the business of polymer processing at multiple locations and is a manufacturer in India of coextruded plastic films, thermoformed components, coextruded cast films and speciality films (including dielectric films and special purpose biaxilliary oriented polypropylene (“BOPP”) Films)
Deal Details
- QIP of one of the leading global optical and digital solutions company
- Deal saw participation across investor categories and was fully subscribed multiple times
- ~80% of book was allocated to LO Investors
Nuvama Contribution
- As the Left Lead banker, hand-held the Company with end to end execution, swift regulatory approvals, thereby ensuring timely launch
- Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ FII, Insurance Companies and Family Offices
- Spearheaded demand mobilization;
- Procured the largest and only marquee LO FII bid in the book
- Successfully converted ~62% of investors in terms of number of investors in a 2 bank syndicate
About
Sterlite Technologies is an integrated digital network provider, with a global presence and manufacturing capabilities across countries including India, Italy, Brazil, the United States and China. According to CRU International Ltd, they were one of the largest cable producers globally in terms of installed preform and draw capacity and cable production volume in 2023
Deal Details & Contribution
- Largest QIP in the Railway Manufacturing Space till date*
- QIP helped Company in achieving various objectives of raising growth capital for funding Company’s CAPEX plans & Working capital requirements as well as Repay Borrowings
- Spearheaded demand mobilization
- Offering received an overwhelming response from investors
- ~75% of the book was allocated to ‘Long Only’ Investors
- As the left-lead and post issue banker, hand-held the Company with end-to-end execution, swift regulatory approvals, thereby ensuring timely launch and closure
- Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ FIIs, Mutual Fund and Family Offices
- Procured 36% of QIP demand in terms of amount in a 3-bank syndicate
Client Testimonial
“Let me take the opportunity to thank the entire Team of Nuvama, who have burnt their mid night oil and put in really a superb effort to make Project Sambhav, really Sambhav. We really appreciate the professionalism shown by your team during the entire fund-raising process. You steered the QIP process on both regulatory as well as marketing front. You were pivotal in leading the discussion with key Domestic Anchor Investors that gave us the confidence to launch the deal. We appreciate your role in making the QIP a huge success”
