Nuvama Contribution
- Nuvama successfully closed the Secondary Pre-IPO placement – Garnered participation from a marquee LO DII investors and Family Offices
- Nuvama played a key role in the IPO by converting key marquee LO investors driving the deal momentum & helping set pricing benchmark
- Nuvama garnered participation from a diverse investor setincluding ‘Long Only’ FIIs, Mutual Fund, DIIs, Insurance Companies and family offices
- Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category
- With this IPO, Nuvama has successfully closed the 4th transaction# w.r.t Shapoorji Pallonji Groupin last 3 yearsbeing the “Banker of Choice”
Deal Details
- Largest IPO in the Infrastructure Space in India~
- IPO received strong response across investor categories garnering more than INR 10,000 crs^
- Despite market volatility over past 2 weeks and correction of ~5%&, Afcons’s IPO saw a steady listing with stock price seeing days high of ~13% and closing at ~11% above opening price%
*Including Secondary Pre-IPO of INR 29,677 MN ; ^Before technical Rejections; ~Since January 2000
%NSE Prices are considered; &Movement of Nifty 50 between 2 weeks high and low
#Feb 22 – Open Offer by WOS of RIL in S&W$ (₹28,450 mn| Dec 22 – S&W$ OFS (₹2,036) mn | Dec 23 – S&W$ QIP (₹15,000 mn)
$Sterling & Wilson Renewable Energy Ltd