Texmaco Rail & Engineering Limited

Qualified Institutional Placement


March 2024




INR 2,500 MN

Deal Value

Texmaco Rail & Engineering Limited

Deal Details

  • QIP helped Company in achieving various objectives of raising capital for funding Company’s Working capital requirements as well as Repay Borrowings
  • Offering received an overwhelming response from investors across categories
  • ~73% of the book was allocated to ‘Long Only’ Investors

Nuvama Contribution

  • With this QIP, Nuvama has successfully closed the 2nd transaction for Texmaco in last 5 months being the “Banker of Choice
  • Securing our leading position in the Railwas Space, with 3 transactions advised in last 5 months
  • As the left-lead and post issue banker in both tranches, hand-held the Company with end to end execution, swift regulatory approvals, thereby ensuring timely launch and closure
  • Nuvama garnered participation from a diverse investor set including FIIs, Insurance Company and Family Offices