Xpro India Limited

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)

Sterlite Technologies Limited

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

Texmaco Rail & Engineering Limited

Deal Details

QIP helped Company in achieving various objectives of raising capital for funding Company’s Working capital requirements as well as Repay Borrowings
Offering received an overwhelming response from investors across categories
~73% of the book was allocated to ‘Long Only’ Investors

Nuvama Contribution

With this QIP, Nuvama has successfully closed the 2nd transaction for Texmaco in last 5 months being the “Banker of Choice”
Securing our leading position in the Railwas Space, with 3 transactions advised in last 5 months
As the left-lead and post issue banker in both tranches, 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 FIIs, Insurance Company and Family Offices

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

Pleased to announce the closure of QIP transaction of INR 15,000 mn for Sterling and Wilson Renewable Energy Limited

Deal Details

Sterling & Wilson successfully closed its maiden QIP that will aid the Company to raise growth capital on the back of repayment of borrowings as it aims to pursue opportunities in the fast-growing solar EPC markets in India and abroad

Contribution

Nuvama worked as a resilient partner with the Company to generate investor confidence in the Sterling & Wilson story amidst the recent challenges faced by the Company
Nuvama on the back of it’s strong understanding of the space helped showcase the long term global New Energy opportunity and position Sterling & Wilson as its key beneficiary
With this QIP, Nuvama has successfully closed the 3rd transaction* w.r.t Sterling & Wilson in last 2 years being the “Banker of Choice”
As the left-lead banker, provided end to end hand-holding to the Company including resolving multiple complications given operations in various geographies and ensuring timely launch
Nuvama drove early momentum in the Issue and garnered participation from a diverse investor set including pertinent ESG focused funds, Marquee ‘Long Only’ FIIs, Mutual Funds and Domestic Institutional Investors garnering ~50% of QIP demand in terms of amount in a 2 bank syndicate

Nuvama Investment Banking has successfully closed the QIP transaction of INR 7,000 mn for Titagarh Rail Systems Limited

Deal Details

QIP helped Company in raising growth capital for funding Company’s working capital requirements and Repayment of Borrowings
Offering received an overwhelming response from investors – ~97% of the book was allocated to ‘Long Only’ Investors
Deal was launched within record timelines – within 1 month from kick off

Contribution

Only Banker to have raised INR 14,500 mn across 2 QIP Transactions in the Railway Manufacturing Space in recent times
Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ FIIs, Mutual Funds and Insurance Companies
- Highest number of investors converted
- Highest number of Long Only investors converted
- Highest number of New investors converted
Nuvama worked closely with the Company through the entire QIP process to ensure smooth and successful closure

Texmaco Rail and Engineering Limited – Nuvama Investment Banking has successfully closed the QIP transaction of INR 7,500 mn for Texmaco Rail and Engineering Limited

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”

Nuvama Investment Bank has successfully closed the QIP transaction for IDFC First bank, this being our 5th INR 1,000 Crs+ transaction (QIPs & IPOs) of Lending Companies in last 30 months

Deal Details

QIP received an overwhelming response from investors
- ~71% of the book was allocated to ‘Long Only’ Investors
- ~43% of the book was allocated to Domestic Institutional Investors
Deal was launched within record timelines ~2 weeks from kick off

Contribution

With IDFC First Bank QIP, Nuvama has successful closed “Five” ₹10,000 mn+ transactions* of Lending Companies in the last 30months
Dominated procurement in the QIP – Highest overall share of ~31% share in terms of amount procured
Garnered participation from a diverse investor set including Global Pension Fund, LO FIIs, Mutual Fund, Insurance Companies and LO DIIs
- Highest number of investors converted (14/36) and 56% of the Domestic / India Focused Investors
Nuvama worked closely with the Bank through the entire QIP process including post issue activities to ensure smooth and successful closure

About

IDFC First Bank is a digital led bank with a well diversified product suite with specialized focus on retail, rural and SME Segment, strong brand positioning and a growing distribution network across India

Successfully closed the 2nd QIP Transaction for Union Bank of India being the “Banker of Choice”

Deal Details:

QIP helped in achieving dual objectives of augmenting Tier I Capital which will aid growth plans as well as reach significantly closer to achieving Minimum Public Shareholding (MPS) norms
Offering received an overwhelming response from investors – a testimony to strong financial performance demonstrated by Union bank of India
~65% of the book was allocated to ‘Long Only’ Investors

Contribution:

With this QIP, Nuvama has successfully closed the 2nd transaction for Union Bank of India being the “Banker of Choice”
Dec’17 – QIP (INR 20,000 M) | Aug’23 – QIP (INR 50,000 M)
Nuvama garnered participation from a diverse investor set including Marquee FII and DII investors
Nuvama worked closely with the Bank through the entire QIP process including post issue activities to ensure smooth and successful closure

About:

Union Bank of India is the 5th largest# Public Sector Bank in India* with a rich legacy of serving the people of India since 1919.

Orchid Pharma QIP Deal Closures

Deal Details:

QIP helped achieving dual objectives of raising growth capital for funding Company’s CAPEX plans as well as Minimum Public Shareholding (MPS) norms
Offering received an overwhelming response from investors – a testimony to Dhanuka Group’s ability to successfully turnaround Orchid’s business
~90% of the book was allocated to ‘Long Only’ Investors
The deal further strengthens our ability to provide best-in-class advisory services to SaaS and new-age businesses

Contribution:

With this QIP, Nuvama has successfully closed the 2nd transaction for Orchid Pharma being the “Banker of Choice”
As the left-lead banker, hand-held the Company in end-to-end execution, swift regulatory approvals, thereby ensuring timely launch
Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ FII and DII investors
The deal further strengthens our ability to provide best-in-class advisory services to SaaS and new-age businesses

About:

Orchid Pharma Ltd. is an active pharmaceutical ingredients (“API”) manufacturing company with the widest portfolio of cephalosporin APIs along with a few veterinary products, both sterile and oral, selling under a b2b model in over 40 countries.