Monte Carlo Fashions Limited today completed its anchor allocation of 16,29,904 share to 5 Anchor investors at the top end of the price band of Rs 630-645. The issue has been technically allotted to 5 investors but for all practical purposes three of the five entities are from the same business group namely the Aditya Birla group. The total number of shares allotted to these three anchor investors is 11,62,903 shares which is 71.34% of the entire anchor book. The pedigree of the anchor is certainly not an issue but the fact that such a hyped issue which was expected to be oversubscribed handsomelyfinally saw just three distinct investors is indeed strange.
The issue opens for subscription on Wednesday the 3rd December and closes on Friday the 5th of December. The issue size minus the anchor book is for 38,03,112 shares and would garner between Rs 239.59 crs to Rs 245.30 crs from the public.
The full list of anchor investors is given below.
| 1) | Aditya Birla Private Equity Trust A/c Aditya Birla Private Equity Fund 1 | 341159 |
| 2) | Aditya Birla Private Equity Trust A/c Aditya Birla Private Equity Sunrise Fund | 201549 |
| 3) | DB International (Asia) Limited | 358018 |
| 4) | Tata Trustee Co. Ltd. A/c Tata Mutual Fund A/c Tata Midcap Growth Fund | 108983 |
| 5) | Birla Sunlife Trustee Company Private Limited | |
| 5A) | A/c Birla Sunlife Advantage Fund | 54280 |
| 5B) | A/c Birla SunlifeGennext Fund | 62008 |
| 5C) | A/c Birla India Advantage Offshore Fund |
23253 |
| 5D) | A/c Birla SunlifeMidcap Fund | 139518 |
| 5E) | A/c Birla SunlifeMidcap Fund | 279105 |
| 5F) | A/c Birla SunlifeSmall and Midcap Fund | 62031 |
| TOTAL | 1162903 | |
The anchor book is disappointing as one expected with so much of hype and an issue from the house of Oswal’s after so many years would garner response from a larger number of marquee investors. The lack of numbers in the anchor book leads one to believe that the expected oversubscription to the issue may not happen.
