1st global CPaaS# player to list on the Indian bourses

Initial Public Offering


September 2020


Technology & Digital


INR 6,000 MN

Deal Value

1st global CPaaS# player to list on the Indian bourses

Deal Highlights:

  • One of the highest listing gains since Jan’ 17
  • The deal saw overwhelming response from investors across categories (QIB* – 91.06x; HNI – 192.81x; Retail – 12.85x; Overall – 74.13x; 15 lac+ applications)
  • The deal was fully subscribed on the day of issue opening itself on back of strong retail participation
  • The deal saw participation from institutional investors across the globe including marquee Long-Only FIIs, MFs and a leading Life Insurance Company

Our Contribution:

  • We led the positioning efforts of the company in context of the global CPaaS peers which helped generate strong interest from varied set of investors
  • Converted a marquee Long Only investor which helped set the valuation benchmark as well as provide demand momentum to launch the IPO
  • Led the book building efforts in a completely virtual and seamless manner
  • Provided end-to-end client handholding and guidance on various deal contours and timing

# Cloud-Communication Platform as a Service
* Ex-Anchor