Sadbhav Infrastructure Project Limited – Completes Anchor Allocation

Sadbhav Infrastructure Project Limited (SIPL) which is tapping the capital markets with its fresh offer for Rs 425 crs and an offer for sale of 64,71,524 shares in a price band of Rs 100-103 completed allocation to anchor investors. The company has allocate shares to 7 anchor investors comprising of 11 entities, who were allotted 2,03,87,914 shares at the top end of the price band of Rs 103 and thereby raising Rs 209.99 crs . This issue is 75% compulsory QIB bidding and therefore the required 60% of the QIB book has been subscribed by anchor investors.

The issue opens on Monday the 31st August and closes on Wednesday the 2ns September. The full list of anchor investors with their allocation is given below:-

table

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