Nitesh Estates Limited which opens its IPO today, Friday 23rd of April and closes on Tuesday the 27th of April completed allocation to anchor investors. The company has allotted a total of 1,08,48,200 shares at Rs 54 to 5 entities. The allocation would raise Rs 58.58 crs against the issue size of Rs 405 crs.
The entities that have been allotted shares are as follows:-
| Sr. No | Name of the Anchor Investor | No. of Equity Shares Allocated |
| 1. | HSBC BANK (MAURITIUS) LIMITED | 3,616,100 |
| 2. | NOMURA INDIA INVESTMENT FUND MOTHER FUND | 3,616,000 |
| 3. | SBIMF-TAX ADVANTAGE FUND SERIES 1 | 904,100 |
| 4. | SBIMF-MAGNUM MULTICAP FUND | 904,000 |
| 5. | HDFCMF-MONTHLY INCOME PLAN LONG TERM PLAN | 1,808,000 |
| TOTAL | 10,848,200 |
With this allotment the size of the QIB book will reduce from the original 3.75 cr shares at the lower price band to 2.665 cr shares.
