Contribution

• Nuvama achieved a Dominant Anchor & Mainbook Share of ~80% in a 3 banker syndicate
• Nuvama drove the entire demand momentum and led the procurement by bringing in key & marquee cornerstone investors that built confidence in launching the deal
• Nuvama leveraged its domain expertise by positioning Carraro as one of the leading players with a niche business and competitive moat in the Auto-Component space
• Nuvama garnered participation from a diverse investor set including Marquee FIIs, Mutual Funds, and Insurance Companies

Deal Details

• Carraro India, established in 1997, is a pureplay provider of mission critical systems to agricultural and construction markets in India, serving major OEMs.
• Carraro India’s IPO marks one of the few instances of an Italian MNC listing its India business in the last two decades
• Nuvama played a major role in ensuring the IPO was fully subscribed, despite a crowded market environment at the time of launch