Service: Qualified Institutional Placement

Nuvama Investment Banking has successfully closed the QIP transaction of INR 7,000 mn for Titagarh Rail Systems Limited

Deal Details

  • QIP helped Company in raising growth capital for funding Company’s working capital requirements and Repayment of Borrowings
  • Offering received an overwhelming response from investors – ~97% of the book was allocated to ‘Long Only’ Investors
  • Deal was launched within record timelines – within 1 month from kick off

Contribution

  • Only Banker to have raised INR 14,500 mn across 2 QIP Transactions in the Railway Manufacturing Space in recent times
  • Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ FIIs, Mutual Funds and Insurance Companies
    • Highest number of investors converted
    • Highest number of Long Only investors converted
    • Highest number of New investors converted
  • Nuvama worked closely with the Company through the entire QIP process to ensure smooth and successful closure

Texmaco Rail and Engineering Limited – Nuvama Investment Banking has successfully closed the QIP transaction of INR 7,500 mn for Texmaco Rail and Engineering Limited

Deal Details & Contribution

  • Largest QIP in the Railway Manufacturing Space till date*
  • QIP helped Company in achieving various objectives of raising growth capital for funding Company’s CAPEX plans & Working capital requirements as well as Repay Borrowings
  • Spearheaded demand mobilization
    • Offering received an overwhelming response from investors
    • ~75% of the book was allocated to ‘Long Only’ Investors
  • As the left-lead and post issue banker, hand-held the Company with end-to-end execution, swift regulatory approvals, thereby ensuring timely launch and closure
  • Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ FIIs, Mutual Fund and Family Offices
  • Procured 36% of QIP demand in terms of amount in a 3-bank syndicate

Client Testimonial

“Let me take the opportunity to thank the entire Team of Nuvama, who have burnt their mid night oil and put in really a superb effort to make Project Sambhav, really Sambhav. We really appreciate the professionalism shown by your team during the entire fund-raising process. You steered the QIP process on both regulatory as well as marketing front. You were pivotal in leading the discussion with key Domestic Anchor Investors that gave us the confidence to launch the deal. We appreciate your role in making the QIP a huge success”

Nuvama Investment Bank has successfully closed the QIP transaction for IDFC First bank, this being our 5th INR 1,000 Crs+ transaction (QIPs & IPOs) of Lending Companies in last 30 months

Deal Details

  • QIP received an overwhelming response from investors
    • ~71% of the book was allocated to ‘Long Only’ Investors
    • ~43% of the book was allocated to Domestic Institutional Investors
  • Deal was launched within record timelines ~2 weeks from kick off

Contribution

  • With IDFC First Bank QIP, Nuvama has successful closed “Five” ₹10,000 mn+ transactions* of Lending Companies in the last 30months
  • Dominated procurement in the QIP – Highest overall share of ~31% share in terms of amount procured
  • Garnered participation from a diverse investor set including Global Pension Fund, LO FIIs, Mutual Fund, Insurance Companies and LO DIIs
    • Highest number of investors converted (14/36) and 56% of the Domestic / India Focused Investors
  • Nuvama worked closely with the Bank through the entire QIP process including post issue activities to ensure smooth and successful closure

About

IDFC First Bank is a digital led bank with a well diversified product suite with specialized focus on retail, rural and SME Segment, strong brand positioning and a growing distribution network across India

Successfully closed the 2nd QIP Transaction for Union Bank of India being the “Banker of Choice”

Deal Details:

  • QIP helped in achieving dual objectives of augmenting Tier I Capital which will aid growth plans as well as reach significantly closer to achieving Minimum Public Shareholding (MPS) norms
  • Offering received an overwhelming response from investors – a testimony to strong financial performance demonstrated by Union bank of India
  • ~65% of the book was allocated to ‘Long Only’ Investors

Contribution:

  • With this QIP, Nuvama has successfully closed the 2nd transaction for Union Bank of India being the “Banker of Choice”
    Dec’17 – QIP (INR 20,000 M) | Aug’23 – QIP (INR 50,000 M)
  • Nuvama garnered participation from a diverse investor set including Marquee FII and DII investors
  • Nuvama worked closely with the Bank through the entire QIP process including post issue activities to ensure smooth and successful closure

About:

  • Union Bank of India is the 5th largest# Public Sector Bank in India* with a rich legacy of serving the people of India since 1919.

Orchid Pharma QIP Deal Closures

Deal Details:

  • QIP helped achieving dual objectives of raising growth capital for funding Company’s CAPEX plans as well as Minimum Public Shareholding (MPS) norms
  • Offering received an overwhelming response from investors – a testimony to Dhanuka Group’s ability to successfully turnaround Orchid’s business
  • ~90% of the book was allocated to ‘Long Only’ Investors
  • The deal further strengthens our ability to provide best-in-class advisory services to SaaS and new-age businesses

Contribution:

  • With this QIP, Nuvama has successfully closed the 2nd transaction for Orchid Pharma being the “Banker of Choice”
  • As the left-lead banker, hand-held the Company in end-to-end execution, swift regulatory approvals, thereby ensuring timely launch
  • Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ FII and DII investors
  • The deal further strengthens our ability to provide best-in-class advisory services to SaaS and new-age businesses

About:

  • Orchid Pharma Ltd. is an active pharmaceutical ingredients (“API”) manufacturing company with the widest portfolio of cephalosporin APIs along with a few veterinary products, both sterile and oral, selling under a b2b model in over 40 countries.

Book Running Lead Manager to the QIP of Restaurant Brands Asia Ltd (Burger King India)

I] TRANSACTION SYNOPSIS

QIP Size ~ ₹ 14,021 mn
Post Issue Dilution ~ 22.0%
Market price (INR per share)* ₹ 136.50
Issue price (INR per share) ₹ 129.25

II] SELECT QIP INVESTORS AND QIP BOOK

  • Amansa
  • Birla MF + Offshore
  • Bajaj Allianz Life Insurance
  • FMR
  • Govt. of Singapore
  • HDFC Life Insurance
  • Newport Asia
  • Valiant

III] DEAL HIGHLIGHTS

  • We successfully closed the 3rd transaction for Burger King in the last 15 months – Only Domestic Bank to be involved across all these transactions
    Feb 22 – QIP (₹ 14,021 mn) / Dec 20 – IPO (₹ 8,100 mn) / Nov /Dec 20 – Pre-IPO (₹ 2,570 mn)
  • Led the QIP procurement with 2 out of the largest 3 Bids
  • Book was oversubscribed despite volatile market scenario – market witnessed a sharp correction of ~8%^ from its high point during 1 month prior to launch

^ Movement of SENSEX between 1 month high and low
*As on date of filing of PPD – February 10, 2022, NS

Book Running Lead Manager to the QIP of Route Mobile Limited

Deal Highlights:

  • Edelweiss successfully closed the 2nd transaction for Route Mobile in last 14 months, demonstrating our philosophy of “Invested in YOU”
    • Nov 21 – QIP (₹ 8,675 mn)
    • Sep 20 – IPO (₹ 6,000 mn)
  • The QIP received an overwhelming response from marquee FIIs, Mutual Funds, Insurance Company – a testimony to Route Mobile’s ability to emerge as a leading global CPaaS player
  • Robust Investor Demand Mobilization – Book was oversubscribed multiple times and was allocated ~90% to FIIs and ~10% to DIIs
  • Deal was launched within ~6 weeks from kick off

Our Contribution:

  • We led the positioning efforts of the Company and helped garner strong interest from investors
  • Garnered participation from a diverse investor set including Marquee ‘Long Only’ FII and an Insurance Company (only Insurance Company to participate)

Left Lead Book Running Lead Manager to the QIP of INOX Leisure Limited

Deal Highlights:

  • We successfully closed the 2nd transaction for INOX Leisure in last 11 months, demonstrating our philosophy of “Invested in YOU”
    • June 21 – QIP (₹ 3,000 mn)
    • August 20 – Block Placement* (₹ 1,015 mn)
  • The QIP received an overwhelming response from marquee FIIs, Mutual Funds, Insurance Company, a testimony to INOX’s ability to curate better cinema going experience
  • Deal was launched in ~3 weeks from kick off

Our Contribution:

  • As left lead banker to the deal, we hand-held the Company with end-to-end execution, swift regulatory approvals, and timely launch, coinciding with the unlock guidelines of the government
  • Garnered participation from a diverse investor set including marquee Mutual Funds, AIF, Insurance Company and FIIs
  • Spearheaded demand mobilization – Book was oversubscribed multiple times and was allocated ~73% to DIIs and ~27% to FIIs

Left Lead Book Running Lead Manager to the QIP of Aarti Industries Limited

Deal Highlights:

  • Edelweiss successfully closed the 2nd QIP transaction for Aarti Industries,
    • June 21 – ₹ 12,000 mn | Mar 19 – ₹ 7,500 mn
    • Left Lead to both transactions
  • The QIP received an overwhelming response from investors, reflecting Aarti’s ability as a leading global Spec-Chem Company

Our Contribution:

  • Deal was launched in ~4 weeks from kick off
  • We hand-held the Company in structuring the deal, end to end execution, swift regulatory approvals, thereby ensuring timely launch
  • Garnered participation from a diverse investor set – Book was oversubscribed with healthy demand from all categories of investors
  • This is our 7th deal closure in last 11 months for repeat clients; A great testimony of high-quality experience

Book Running Lead Manager to the QIP of 2nd Largest Public Sector Bank* in India

Our Contribution:

  • We successfully closed the 2nd transaction for PNB in last 6 months, demonstrating our philosophy of “Invested in YOU”
    • Dec 2020 – QIP (₹ 37,880 mn)
    • May 2021 – QIP (₹ 18,000 mn)
  • #1 procurer in both the transactions
  • In a 7-bank syndicate, procured highest share with ~36% by number of investors^ and ~46% by allocation amount^
  • Highest Procurer of FIIs & DIIs^ bids by allocation amount as well as in terms of number of investors
  • Successfully procured 3 largest bids in the book^

Deal Highlights:

  • The deal witnessed participation from a diverse set of investors with FIIs dominating the book
  • The proceeds from the issue will be utilized to augment the Bank’s Tier I Capital to meet the Basel III and to support growth plans and to enhance the business of the Ban

*in terms of total business and deposits as of December 31, 2020 ; ^ Ex LIC