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Service: Initial Public Offering
Global Coordinators & Book Running Lead Manager to the IPO of Devyani International
Deal Highlights:
Largest QSR IPO^ in India
Participation by all category of investors – Global Sovereign Funds, LO FIIs, Mutual Funds, Insurance Companies
Launched within 11 weeks since DRHP Filing
116x Stellar Response across investor categories*
1st Highest subscribed issue on Day 1@
~57% Listing day premium
Our Contribution:
2nd QSR IPO by us – #1 Mobiliser
14 Highest number of investors converted in anchor
60%# Share of the overall Retail & HNI portion
Garnered early interest from investors to give confidence for launch of deal
Provided end-to-end client handholding and guidance on various deal contours and timing
*Excluding Anchor subscription ; ^ In terms of issue size; @ Issue size >INR 15,000 mn in last 3 years; # – Indicative
Book Running Lead Manager to the IPO of Aptus Value Housing Finance India Limited
Deal Highlights:
The “APT” Housing Finance Company IPO
One of the largest housing finance companies in south India^
Participation by all category of investors – Long Only FIIs, Mutual Funds, Insurance Company and Long Only DIIs
Strong response from investors even with multiple large issues launched at the same time
Launched within 12 weeks since DRHP Filing
17x Stellar Response across investor categories*
3rd Highest subscribed issue@ in 2021
Our Contribution:
Ensured early participation from high quality Long Only FIIs and marquee Indian Family Offices in the issue to give confidence for launch of deal
Highest number of investors converted in anchor book
#1 Procurer in HNI and Retail Category#… Pushed the Aptus story aggressively through our distribution channel to garner strong interest in HNI and Retail category
Provided end-to-end client handholding and guidance on various deal contours and timing
BRLM to the IPO of Macrotech Developers Limited
Krafted A Successful Deal – Left Lead Book Running Lead Manager to the IPO of Stove Kraft Limited
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
“Whopper” of a Deal – Book Running Lead Manager to the Highest Subscribed IPO*
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
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
Book Running Lead Manager to the IPO of Equitas Small Finance Bank Limited
Deal Highlights:
2nd IPO by the Equitas Group (Equitas Holdings – Apr’ 16 and now Equitas Small Finance Bank)
The deal saw good demand across categories with QIB being subscribed by ~4x and an overall subscription of ~2x
First IPO in the banking space post Covid-19, one of the toughest times for the sector amid regulatory uncertainty and sectoral headwinds
Deal saw participation from marquee institutional investors including Long-Only FIIs, MFs and Leading Life Insurance Companies
Our Contribution:
We were the only common banker to both the IPOs by the Equitas Group (Equitas Holdings – Apr’ 16 and now the Equitas SFB IPO)
We led the positioning efforts, highlighting the bank’s core strength with focus on serving the financially unserved and underserved customer segments in India
Provided end-to-end handholding and guidance to the bank on various deal contours and timing
Book Running Lead Manager to the IPO of Mazagon Dock Shipbuilders Limited
Deal Highlights:
IPO of the only PSU defence shipyard constructing destroyers and submarines
A New Record – Highest overall subscribed PSU IPO (QIB – 89.87x, HNI – 668.03x, Retail – 30.81x, Employee – 1.47x, with over 26 lakh retail applications)
Mobilised ~INR 70,000 crs despite simultaneous IPOs open in the same issue period
Listed at a ~50% premium to the Issue Price
Our Contribution:
2nd successful shipyard IPO executed by us, prior one being Cochin Shipyard in Aug’ 17
We led the positioning efforts, highlighting the GOI’s ‘Make in India’ initiative and company’s exemplary track record
Converted multiple marquee Long Only investors which helped set the valuation benchmark as well as provide demand momentum to launch the IPO
Tapped into our strong retail and HNI distribution network
Provided end-to-end handholding and guidance to DIPAM on various deal contours and timing
Book Running Lead Manager to the IPO of Angel Broking Limited
Deal Highlights:
One of the largest retail broking players in terms of active clients on NSE1
The deal saw good demand with overall subscription of ~3.5 times and the QIB book subscribed around 6 times*
The deal was consummated successfully at a time when broader markets corrected ~6%# in the issue period
The deal saw participation from marquee institutional investors including Long-Only FIIs, MFs and leading Life Insurance Companies
Our Contribution:
We led the marketing efforts, focusing on the robust and resilient business growth seen by Angel Broking post transforming itself into a discount digital broker
The only banker to mobilize demand from Long Only FIIs in the Anchor Book
Conducted the roadshows and led the book building efforts in a completely virtual and seamless manner
Provided end-to-end client handholding and guidance on various deal contours and timing