Book Running Lead Manager to the QIP of 2nd Largest Public Sector Bank* in India

Qualified Institutional Placement

Service

May 2021

Date

Financial Institutions

Sector

INR 18,000 MN

Deal Value

Book Running Lead Manager to the QIP of 2nd Largest Public Sector Bank* in India

Our Contribution:

  • We successfully closed the 2nd transaction for PNB in last 6 months, demonstrating our philosophy of “Invested in YOU”
    • Dec 2020 – QIP (₹ 37,880 mn)
    • May 2021 – QIP (₹ 18,000 mn)
  • #1 procurer in both the transactions
  • In a 7-bank syndicate, procured highest share with ~36% by number of investors^ and ~46% by allocation amount^
  • Highest Procurer of FIIs & DIIs^ bids by allocation amount as well as in terms of number of investors
  • Successfully procured 3 largest bids in the book^

Deal Highlights:

  • The deal witnessed participation from a diverse set of investors with FIIs dominating the book
  • The proceeds from the issue will be utilized to augment the Bank’s Tier I Capital to meet the Basel III and to support growth plans and to enhance the business of the Ban

*in terms of total business and deposits as of December 31, 2020 ; ^ Ex LIC