Nuvama Contribution

• With this IPO, Nuvama continues its dominance in taking Consumer Stories to the Indian capital markets and remains a “Banker of Choice” for Consumer IPOs
• Nuvama garnered anchor participation from a diverse investor set including ‘Long Only’ FIIs and Mutual Fund
• Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 15 lakh+ applications^{^}

Deal Details

• Highest subscribed Alcobev IPO in India in last 2 decades
• Deal saw strong participation across investor categories garnering more than INR 26,000 crs^{^}
  • QIB – ~52.90x*, HNI – ~34.06x*, Retail – ~4.73x*
• 95% anchor book was allocated to LO investors
• Company saw stellar IPO Listing with equity shares opening at 13.9%^# premium showcasing investor confidence in Company’s business and management team

“Working with the Nuvama Team was a high spirited experience and they have immensely contributed to the success of this IPO. Nuvama along with other BRLMs provided correct guidance throughout the process, to timing of the IPO launch, to getting relevant anchor investors converted and to strategizing the Retail and HNI marketing, Nuvama Team was very proactive and their high energy engagement ensured the best outcome for us. We immensely value their inputs and look forward to their advise and guidance in our listed journey that has just begun”  

                     – Alok Gupta, Managing Director

Deal Details

• First Pure Play Writing Instruments IPO in the last 2 decades
• Flair successfully completed Pre-IPO placements^# to marquee Domestic Long Only Investorsat the IPO Price
• Deal saw strong participation across investor categories garnering more than INR 20,000 crs
  • QIB^{^} – ~122x, HNI – ~35x, Retail – ~13x

Contribution

• As the left-lead banker, hand-held the Company in end-to-end execution, swift regulatory approvals, thereby ensuring timely launch
• Nuvama played a central role in the IPO by bringing key cornerstone investors completely driving the momentum of the issue
• Garnered participation from a diverse investor set including LO FIIs, Mutual Funds and marquee DII investors
• Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 15 lakh+ applications

Deal Details:

• Sai Silks is amongst the Top 10 retailers of ethnic apparel, particularly sarees, in south India
• Deal saw participation from high quality investors with 95%+ of the Anchor Book allocated to Mutual Funds, Long Only DIIs and FIIs
• IPO Performance was testament to the unmatched brand quality of Sai Silks;
  • Despite market volatility during issue period week with correction of ~2.3%@ and multiple competing issues, IPO got a very strong demand garnering more than INR 41,200 MN
  • The Company started on positive note in the equity markets, with equity shares closing at 10.3%# premium to the IPO price on Listing Day

Contribution:

• Effectively positioned Sai Silks as a leading apparel retail brand in India with a scalable model which is well poised to leverage growth in the ethnic and value fashion apparel industry in India
• Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ DII, Mutual Fund and FIIs
• Nuvama co-ordinated the entire post issue activities to ensure the smooth Listing of Sai Silks on 3rd working day post deal closure