Jupiter Wagons Limited

Qualified Institutional Placement

Service

July 2024

Date

Infrastructure

Sector

INR 8,000 MN

Deal Value

Jupiter Wagons Limited

Deal Details

  • QIP helped Company in achieving various objectives of raising capital for funding Company’s CAPEX and Working capital requirements
  • Offering received an overwhelming response from investors – ~82% of the book was allocated to ‘Long Only’ Investors

Contribution

  • With this QIP, Nuvama continues its dominance in Railway QIP transactions and emerged as the “Go to Banker” – Only Banker to have closed 4 QIP Transactions in the Railway Manufacturing Space in last 1 year
  • Nuvama led the demand mobilization and garnered participation from a diverse investor set including Marquee ‘Long Only’ FIIs, Mutual Funds and Insurance Companies
    • ~51% share of QIP demand in terms of amount
    • Highest number of investors converted (24/44)
  • Nuvama worked closely with the Company through the entire QIP process to ensure smooth and successful closure