Nuvama Contribution

• With PNG’s IPO, Nuvama continues its dominance in taking Consumer Stories to the Indian capital markets and remains a “Banker of Choice” for Consumer IPOs
• Nuvama played a key role in the IPO by converting key marquee LO investors driving the deal momentum
• Nuvama garnered participation from a diverse investor set including ‘Long Only’ FIIs , Mutual Fund, Insurance Companies and family offices
• Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 36 lakh+ applications^*

Deal Details

• Highest subscribed Jewellery** IPO in India over the last decade
• IPO received significant oversubscription across investor categories garnering more than INR 48,000 crs^{^}
  • QIB – ~143.8x*, HNI – ~58.9x*, Retail – ~17.7x*
• PNG is one of the fastest growing organized retail jewellery chain with an established Brand Presence in Maharashtra having a Cluster-Based Expansion Strategy and Multi-Channel Distribution Model
• Company saw stellar IPO Listing with equity shares opening at 72.9%^# premium showcasing investor confidence in Company’s business and management team