Deal Details

• First IPO of Third Party Administrator in India as well as Asia
• Medi Assist successfully completed Secondary Pre-IPO placement of ~INR 535 crs at the IPO Price taking care of any immediate liquidity event
• Deal saw strong participation across investor categories garnering more than INR 13,000 crs
  • QIB – ~42x, HNI – ~15x, Retail – ~3x*
• 100% anchor book was allocated to LO investors
• Company saw stellar IPO Listing with equity shares opening at 11.2%# premium showcasing investor confidence in Company’s business and management team

Nuvama Contribution

• Adding to our strong track record of bringing several 1st business stories to the Indian capital markets, Nuvama played a key role in the IPO by bringing key marquee LO investors driving the momentum of the issue and setting pricing benchmark
• Nuvama led the Secondary Pre-IPO placement – Procured Largest bid of ~INR 175 Crs from a marquee LO FII investor
• Nuvama garnered anchor participation from a diverse investor set including ‘Long Only’ FIIs, Mutual Fund and Insurance Company – testimony to having customers investing in the Company itself
• Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 7 lakh+ applications