Cox and Kings (India) Limited allotted shares to nine investors comprising of FII’s and domestic mutual funds. The IPO from the company has a 50% reservation for QIB’s and therefore 30% of the QIB category was offered to anchor investors. The issue has been subscribed at the top end of the price band which is between Rs 316-330. Details of the anchor investors are given below.
| Emerging Markets Growth Fund | 7,45,500 |
| Capital International Emerging Markets Fund | 3,54,500 |
| T Rowe Price International A/c discovery Fund | 5,29,000 |
| JF Eastern Smaller Companies Fund | 2,00,480 |
| SBI Mutual Fund A/c MMPS 93 | 1,53,000 |
| SBI Mutual Fund A/c Magnum Global Fund | 1,53,000 |
| Reliance Capital Trustee Co Ltd A/c Equity Oppurtunities Fund | 3,06,000 |
| Sundaram BNP Paribas Mutual Fund A/c Select Small Cap | 1,51,500 |
| Sundaram BNP Paribas Mutual Fund A/c Select Thematic FDS Entertainment Opportunity Fund | 1,51,500 |
| Total | 27,44,480 |
The issue for all other investors opens today and would close on Friday the 20th of November 2009. Clearly the response to the issue from anchor investors is encouraging and given the fact that there are three Indian funds putting in money in five names and four FII’s, the interest seems good in an issue which has business interest across geographies and is to a very large extent insulated from vagaries of nature.
