Deal Details
- Deal saw strong participation across investor categories garnering more than INR 25,000 crs
- QIB – ~182x, HNI – ~88x, Retail – ~17x
- Highest QIB subscribed IPO amongst all the SFB IPOs till date
- Company saw stellar IPO Listing with equity shares opening at 18.3%# premium showcasing investor confidence in Company’s business and management team
Contribution
- Nuvama played a central role in the IPO by bringing key cornerstone investors completely driving the momentum of the issue as well as guiding the management on entire process, deal contours & timing
- Dominated procurement in the Anchor in a 3 bank syndicate – Highest overall share of ~54% share in terms of amount procured and 45% in terms of number of anchor investors converted
- Nuvama garnered participation from a diverse investor set including ‘Long Only’ FII, IC and Family Offices
- Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 16 lakh+ applications