The issue from Advanced Enzyme Technologies Limited (AETL) which consisted of a fresh offer of Rs 50 crs and an offer for sale of 40.34 lac shares in a price band of Rs 880-896 received excellent response. The issue was subscribed an overall 116.39 times. The company had allotted 13.71 lac shares to 15 anchor investors comprising of 23 entities at the top end of the band.

On the last day of subscription which was Friday the QIB portion was subscribed 94.53 times, HNI portion a massive 393.94 times and retail portion 11.69 times. The rate of interest which used to vary between 7 to 9% has come down to 5% for this issue. This could be the new benchmark for rate of interest going forward and would substantially boost demand. The total demand from HNI’s in this issue works out to 24,345 crs for an issue which planned to raise Rs 412 crs. The funding cost for an HNI at 5% interest for 7 days works out to Rs 338. The premium for the issue on the previous day was Rs 310 or thereabouts and would have moved up to Rs 350-360 post the subscription.

There were a total of 8.10 lakh applications which means the retail portion in terms of lot size is subscribed 8.10 times.

The detailed table of subscription is given below: –