Sadbhav Infrastructure Project Limited – Issue subscribed

The simultaneous fresh issue to raise Rs 425 crs and an offer for sale of 64,71,524 equity shares in a price band of Rs 100-103 was fully subscribed. Earlier the company had allotted 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 raisedRs 209.99 crs. The issue was subscribed an overall 2.24 times and all categories were subscribed. Considering the meltdown in the secondary market the company has done well to garner full subscription where others have faltered.

Details of the subscription are given below: –

Bucket Size Shares Applied for Times oversubscribed
QIB 14465730 44012720 3.04
HNI 6970728 11580425 1.66
Retail 4647152 7829420 1.68
Employee 2500000 723985 0.29
Total 28583610 64146550 2.24
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