Parag Milk Foods Limited (Parag) which is tapping the capital markets with its simultaneous offer for fresh equity of Rs 300 crs and an offer for sale of 2.05 cr shares completed its allotment to anchor investors. The price band is Rs 220-227. The company allotted 1.26 cr shares to 17 anchor investors comprising of 22 entities at the top end of the band.

The anchor book is weighed heavily in favour of FII’s with just one domestic mutual fund participating. Tata mutual fund has invested in 35,24,170 shares in six entities and this constitutes roughly 23.33% of the allotment. This allotment indicates that the company has allotted shares to anchors who believe in the longer term story of India’s growth and is not looking for medium term gains.

The issue has opened today i.e. Wednesday 4th May and closes on Friday the 6th of May.

The full list of anchor investors with their allocation is given below: –