Deal Highlights:
- First IPO of a pure-play kitchen appliances company in past 2 decades
- The deal was oversubscribed 16.8x* times
- The deal saw participation from across categories of investors including Marquee FIIs, Mutual Funds, Insurance Company and AIFs
Our Contribution:
- We were the left-lead banker to the issue; our 3rd back-to-back IPO for Sequoia Capital
- Provided end-to-end client handholding and guidance on various deal contours and timing
- Dominated the procurement across investor categories
- No.1 QIB demand procurement both in volume and value#
- Responsible for one of the largest MFs^ in India to participate in the IPO, boosting confidence for IPO launch
- Converted maximum no. of FIIs
- Converted maximum no. of anchor investors
* Excluding Anchor subscription
# based on tentative data
^ Amongst Top 5 By AUM
Deal Highlights:
- First IPO of a pure play paints company in the last 3 decades
- Amongst the 6 highest mobilized issuances* in the last decade
- QIB – ~189.8x; HNI – ~261.6x; Retail – ~13.7x; Overall 115.7x; 30 lacs+ applications
- The deal was executed in one of the shortest timelines – IPO launched within 11 weeks of DRHP filing
- The deal saw participation from diverse set of institutional investors across geographies and categories
Our Contribution:
- We led the positioning efforts of the company garnering bids from marquee investors across categories – Sovereign Wealth Funds, FPIs as well as Domestic Funds
- Only bank to procure bids from US only funds^
- Played a pivotal role in value optimization for the company and selling shareholders
- We pioneered the non institutional marketing efforts, translating into record breaking performance
- Leveraged our pan-India network to help garner the highest no. of applications in a consumer issuance in the last decade
- Tapped into our extensive wealth management network empowering one of the highest HNI mobilization
* As per amount mobilized
^ In the anchor book
Our Contribution:
Pre-IPO:
Mobilized 80%+ of the Pre-IPO Tranche
- We championed the marketing strategy and led the positioning efforts
- Converted cornerstone investors for the Pre-IPO creating strong traction in the deal
- Amansa – ~INR 167 cr
- SBI MF – ~INR 40 cr
IPO:
#1 – Mobilized 33%+ share in the Anchor Book in a 4-bank syndicate
- Converted marquee FIIs and DIIs in the anchor book
- Leveraged on our pan-India Retail Distribution Network leading to more than 24 lac applications
- Tapped into our wealth management clients for mobilizing stellar demand in the HNI category
Deal Highlights:
- The deal was fully subscribed within hours of issue opening on back of strong retail participation
- Highest subscribed IPO* – (QIB1 – 86.5x; NII – 355.5x; Retail – 56.9x; Overall subscription – ~155x)
- The deal saw participation from marquee institutional investors across the globe
1– Ex-Anchor; >sup>*– India IPOs above INR 500 crs since
2008; #– Includes Pre-IPO placement