Prataap Snacks Limited – Completes Anchor Allocation

Prataap Snacks Limited which is tapping the capital markets with its simultaneous fresh issue to raise Rs 200 crs and an offer for sale of 30,05,770 shares made allocation to anchor investors.
The price band of the issue is Rs 930-938. The company allocated 15,28,789 equity shares to 15 anchor investors comprising of 25 entities.

The issue is open between Friday the 22nd of September and Tuesday the 26th of September.

The full list of anchor allotment is given below: –

pratap-snacks-anchor-allocation-1

pratap-snacks-anchor-allocation-1

Matrimony. Com Listing day one – Share closes with losses of over 8%

Shares of Matrimony. Com listed on the bourses and lost ground on selling pressure. The shares were issued in a price band of Rs 983-985 and were allotted at Rs 985. The issue consisted of a fresh issue to raise Rs 130 crs and an offer for sale of 37,67,254 equity shares.
The company had allotted 22.93 lakh shares to 8 Anchor Investors comprising of 10 entities. The issue was subscribed 4.44 times with the QIB portion subscribed 1.88 times, HNI subscribed 0.41 times, Retail subscribed 18.16 times and employee portion subscribed 3.21 times.

The issue opened at the issue price of Rs 985 and made a high of Rs 1025 on the BSe and Rs 1,024 on the NSE. The low of the day was Rs 893.20 and Rs 896.25 respectively. The closing price was Rs 901.70 and Rs 904.65 respectively. The traded volume was 40.62 lac shares and the delivery volume 6.47 lac shares or 15.95% of the traded volume. The traded volume as a percentage of the IPO size was 1.04 times and the delivery percentage on the same basis at 16.61% of the IPO size. If one considers the non-anchor portion the delivery percentage was 40.34%. Because retail investors got a discount of Rs 98 on the issue price all those who were lucky to get allotment and sold have made some money.

The weighted average of the day’s trade was Rs 945.91 on the BSE and Rs 943.49 on the NSE. The net loss for investors was Rs 83.30 or 8.46% on the BSE and Rs 80.35 or 8.16% on the NSE.

Exchange Open High Low Close Net Change % Gain/ Loss Wt.Avg Volume Delivery Del %age
BSE 985.00 1025.00 893.20 901.70 -83.30 -8.46 945.91 723538 77919 10.77
NSE 985.00 1024.00 896.25 904.65 -80.35 -8.16 943.49 3338604 569885 17.07
Total 4062142 647804 15.95

The share looks under pressure and may lose further ground in the coming days.

SBI Life Insurance Company Limited – Completes Anchor Allocation

SBI Life Insurance Company Limited (SBI Life) which is tapping the capital markets with its offer for sale of 12 cr shares in a price band of Rs 685-700 completed allocation to anchor investors. The company allocated 3.18 cr shares to 69 anchor investors comprising of 104 entities. Domestic mutual funds were allocated 1.27 cr shares. The issue is currently open and would close on Friday the 22nd of September. The response so far is yet to pick up and after the muted response received from the non-institutional category in ICICI Lombard, there would be concern in this issue as well.

The full details of the allocation is given below:-
Click to view the details of the allocation

SBI Life Insurance Company Limited – Completes Anchor Allocation

SBI Life Insurance Company Limited – Completes Anchor Allocation

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