Nuvama Contribution:

• Nuvama emerged as the Top Performing Banker in the Pre-IPO and Anchor Segment –
  • 100% share of the Pre-IPO Book and
  • Spearheading demand & securing the Highest share of ~86% in terms of amount and Highest number of investors converted in the Anchor Book (13/15)
• With this IPO, Nuvama continues its dominance in taking Renewable Energy Stories to the Indian capital markets and remains a “Banker of Choice” for Renewable Energy IPOs – Nuvama has been a part of 5 out of 8 Renewable IPOs^{^}
• As the Left-Lead banker, Nuvama handheld the Company through every stage of the IPO, providing guidance and end-to-end support to ensure smooth and successful closure
• Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 16 lakh+ applications^##

Company & Deal Details:

• Highest Overall times Subscribed Renewables IPO ever^#
• Deal saw strong participation across investor categories garnering more than 18,000 crs^##
  • QIB: ~74.03x^@, HNI: ~68.02x^@, Retail: ~50.69x^@
• Company saw strong IPO Listing with equity shares opening at ~11% premium** despite multiple IPOs getting listed in the same issue period

“Working with Nuvama as our left lead has been a game-changer for our business. Their strategic insight, financial expertise, and unwavering professionalism helped us navigate a complex transaction with clarity and confidence. From capital structuring to negotiations, their guidance was invaluable every step of the way. We couldn’t have asked for a more capable and trustworthy advisor”

Kartik Teltia, MD & CEO

^{*Including Primary & Secondary Pre-IPO #Since 2005 ##Before Technical Rejections @After Technical Rejections;
**NSE Prices are considered on listing day ^Since Aug’24}