Power MEch Projects Limited which is tapping the capital markets with a fresh issue and offer for sale completed its allocation to anchor investors. The issue consists of a fresh issue of 21.28 lakh shares and an offer for sale of 21.41 lakh shares making a total of 42.69 lakh shares. The price band is Rs 615-640. The company has allotted a total of 12,80,700 shares at the top end of the price band of Rs 640 to 7 anchor investors comprising of 10 entities. Four of the seven entities have been allotted 76.9% of the anchor allocation. The amount raised from the anchors is 81.96 crs.

The issue is open and closes on Tuesday the 11th August.

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