Nuvama Contribution:
- With this IPO, Nuvama has successfully closed its 5th transaction* for HDFC Bank Group being the “Banker of Choice”
- Nuvama pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category
- Worked closely with the Company through the entire IPO process to ensure smooth and successful closure
Company & Deal Details:
- India’s Largest NBFC IPO till date and the 5th Largest IPO in the history of Indian Capital Markets ^
- The IPO was the Highest subscribed $1 Bn+ IPO in India in the last 3 years
- Deal saw strong participation across investor categories with an overall subscription of ~17x – attracting an oversubscription of ~58x in QIB and ~10x in NII portion
- Company saw a strong IPO Listing with equity shares opening at ~13% premium showcasing investor confidence in Company’s business and management team
“Nuvama co-led the retail and HNI subscription and helped play a significant role in shaping the strategy. Further, Nuvama gave extremely valuable strategic inputs and facilitated high quality interactions with relevant retail brokers to help maximize last mile reach. With overall issue size of Rs 12,500 Cr, the retail and HNI portion was over 6,000cr and Nuvama ensured that both retail and HNI buckets were oversubscribed.
We appreciate Nuvama and its entire team for their inputs and efforts. We value the relationship and look forward to a long term partnership.”
Ramesh Ganesan, MD & CEO
* Dec 14 – Stake Sale by HDFC in HDFC Life Insurance; Nov 17 – HDFC Life Insurance (IPO); Aug 18 – HDFC Bank (QIP); July 23 – Merger of HDFC
Bank & HDFC Ltd
^IPOs since Jan-2000