PNC Infratech Limited –Completes Anchor Allocation

PNC Infratech Limited (PNC) which is tapping the capital markets with its primary offer for fresh issue and an offer for sale completed its allocation to anchor investors. The price band of the issue is Rs 355-378 and the allocation to investors was at the top end of the band. A total of 38,61,511 equity shares were allocated to 9 anchor investors comprising of 24 entities. The company would be raising Rs145.96 crs from the allocation.

The list comprises of leading names such as Reliance. Kotak, L&T, Goldman Sachs, Birla Sunlife, HDFC and DSP Blackrock. The full list of allotment is given below. The company has raised the amount in tough conditions when in the last two days the benchmark indices have fallen by three percent and general market conditions have been quite adverse. The confidence of the anchors should act as a booster in an otherwise lacklustre enthusiasm for the issue so far.

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