Six anchor investors have applied for 1.52,72,950 shares at Rs 60 each for a combined value of Rs 91.6377 crs. This forms 30% of the QIB portion and comes with a lock in of one year from listing of the shares. Of the six anchor investors as many as five of them are new investors to the company and one of them is an existing investor. These anchor investors give comfort to the investing public and also demonstrate that this is an investment for the long term and they are confident about what they are doing. As mentioned earlier this investment comes with a lock in of one year.
| Sr. No. |
Name of the Anchor Investor
|
No. of Equity Shares Allocated |
|
1. |
Batterymarch Financial Management Inc. A/C Legg Mason Emerging Markets Trust | 1,666,720 |
|
2. |
Commonwealth Equity Fund Limited | 5,176,160 |
|
3. |
California Public Employee’s Retirement System managed by Batterymarch Financial Management Inc. | 1,666,720 |
|
4. |
GI India II | 1,999,910 |
|
5. |
India Diversified (Mauritius) Limited | 2,499,970 |
|
6. |
Marshal India Select Fund Limited | 2,263,470 |
| Total | 15,272,950 |
As of 1pm, the issue which opened for subscription today was oversubscribed. The issue was 1.41 times oversubscribed.
