Qualified Institutions Placement for the 2nd Largest Public Sector Bank* in India

Qualified Institutional Placement

Service

December 2020

Date

Financial Institutions

Sector

INR 37,880 MN

Deal Value

Qualified Institutions Placement for the 2nd Largest Public Sector Bank* in India

Our Contribution:

  • We spearheaded the marketing efforts for the bank
    • Mobilised a disproportionately higher (~30%) share# in a 7 bank syndicate
    • Mobilised demand from a diverse investor set with a good mix of FIIs and DIIs
  • Procured the highest bid in the book#

Deal Highlights:

  • This is the largest PSU QIP launched in CY ’20
  • The deal witnessed participation from a diverse set of investors with an equitable split between FIIs and DIIs
  • 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 Bank

* in terms of total business and deposits as on September 30, 2020; # – Ex-LIC bid